Tiqmo
Tiqmo is a Riyadh, Saudi Arabia-based fintech founded in 2020 that operates a mobile application for international money transfers and digital payments, serving consumers and businesses across cross-border corridors.
- Company typePrivate
- Founded2020
- HeadquartersRiyadh, Saudi Arabia
- Headcount101–250
- GTM typeB2C
- OfferingSoftware
Tiqmo firmographics
Firmographics- Name
- Tiqmo
- Website
- https://tiqmo.com
- Company type
- Private
- Founded year
- 2020
- Headcount range
- 101–250 employees
- Short description
- Tiqmo is a Riyadh, Saudi Arabia-based fintech founded in 2020 that operates a mobile application for international money transfers and digital payments, serving consumers and businesses across cross-border corridors.
- Ownership category
- akta.pro rank
Tiqmo industry classification
Industry- Product category
- Digital Payments and Remittance
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- akta.pro primary industry
- Consumer P2P International Remittances (FSAGAKAA)
- akta.pro secondary industries
- Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH), Cross-Border & FX Payments Platforms (BPAMAFAK), Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)
Keywords
Where Tiqmo is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Markets served
Tiqmo business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Tiqmo product offering
Product offeringCore offering
Tiqmo operates a financial mobile application that enables users to conduct seamless global money transfers and digital payments. The platform combines cross-border remittance capabilities with digital wallet functionality, allowing individuals to send, receive, and manage funds internationally through a single app-based interface.
Differentiator
Problem solved
Functional benefit
Companies that use Tiqmo
Customer profileIdeal customer profiles1 record
Tiqmo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Tiqmo competitors and assessment
Company assessmentRegional players
- Tabby: Tabby is a Riyadh-headquartered consumer fintech best known for BNPL but increasingly building a broader wallet and payments proposition; relevant to Tiqmo as a Saudi scale-up consumer fintech competing for the same Saudi app-user wallet share and capital pool.
- PayTabs: PayTabs is a Dubai-headquartered payment gateway serving merchants across MENA with online payments and recurring billing; it overlaps with Tiqmo on digital payments infrastructure, Saudi presence and the broader MENA fintech ecosystem.
- Telr: Telr is a UAE-based online payment gateway focused on MENA merchants; comparable to Tiqmo as another GCC-rooted fintech operator active in payments infrastructure and targeting similar regional merchants and consumers.
Direct peers
- Remitly: Remitly is a US-listed digital cross-border remittance app whose largest corridor demand comes from Gulf-to-Asia and other emerging-market corridors - the same outbound flow Tiqmo serves, making it the closest pure-play functional peer for app-based cross-border money transfer.
- Wise: Wise (formerly TransferWise) is a UK-based multi-currency platform that built the world's leading app-based cross-border payment and FX experience; it is the benchmark consumer/small-business cross-border product that Tiqmo's app interfaces compete against.
- stc pay: stc pay is the Kingdom-anchored digital wallet and payments app from Saudi Telecom Company, offering peer-to-peer transfers, bill payments and international remittance out of Saudi Arabia - directly comparable to Tiqmo on geography, customer segment (Saudi consumers and SMEs) and product scope.
Broad incumbents
- Western Union: Western Union is the global incumbent in cross-border money transfer with massive KSA outbound flow share; comparable to Tiqmo as the dominant incumbent whose retail and digital rails Tiqmo is effectively disintermediating on the app layer.
- MoneyGram: MoneyGram is a long-established global money transfer operator that has rebuilt its consumer experience around an app, directly comparable to Tiqmo on the core international remittance product and corridor strategy.
- Al Rajhi Banking Group: Al Rajhi is Saudi Arabia's largest bank by retail deposits with an aggressive digital wallet and remittance proposition (Mada, app-based transfers); it is the dominant Saudi incumbent whose retail customer base any consumer payments app like Tiqmo must compete against for share of wallet.
Emerging players
- Careem Pay: Careem (now Uber-owned) has built a MENA super-app that includes in-app payments, wallet and money transfer features; it is comparable to Tiqmo as a regional app-first consumer fintech layered on payments and money movement for the same MENA user base.
Market position
Customer concentration
Tiqmo social profiles
Digital presenceTiqmo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tiqmo leadership team
Management profileNumber of profiles
Profiles1 record
Tiqmo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tiqmo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tiqmo
What does Tiqmo do?
Tiqmo operates a financial mobile application that enables users to conduct seamless global money transfers and digital payments. The platform combines cross-border remittance capabilities with digital wallet functionality, allowing individuals to send, receive, and manage funds internationally through a single app-based interface.
When was Tiqmo founded?
Tiqmo was founded in 2020. It employs 101 to 250 people.
Where is Tiqmo based?
Tiqmo is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
Who are Tiqmo's main competitors?
Regional players on record are Tabby, PayTabs and Telr. Direct peers are Remitly, Wise and stc pay. Broad incumbents are Western Union, MoneyGram and Al Rajhi Banking Group. Careem Pay is listed as an emerging player.
Does Tiqmo have an API?
No public API is recorded for Tiqmo.
What industry is Tiqmo in?
Tiqmo's product category is Digital Payments and Remittance. Its primary akta.pro industry code is FSAGAKAA, Consumer P2P International Remittances, with a secondary code of FSAGAKAH, Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity). Its NAICS code is 522320.