Yaqoot

What Yaqoot does

Yaqoot is positioned in firmographic records as an e-commerce software platform headquartered in Detroit, United States, founded in 2014 and operating with 11-50 employees. Detailed source material, however, characterizes Yaqoot as the consumer-facing digital platform of Zain KSA (Zain Saudi Arabia), with its public-facing product being a free Syrian Lira currency conversion utility hosted at yaqoot.com. The tool supports conversions between the new and old Syrian Lira, US Dollar, Euro, and Turkish Lira using exchange rates published by the Central Bank of Syria, and includes a currency denomination distribution calculator that helps users plan cash allocations across banknote denominations. The site is bilingual (Arabic and English) and explicitly disclaims any affiliation with any government entity, placing usage at the user's own risk.

The platform's underlying technology stack, per the available sources, includes next-generation Business Support Systems (BSS) infrastructure developed under a strategic partnership with Huawei Global announced in May 2026. This BSS layer is designed to enable faster digital product development, reduced time-to-market, advanced analytics for data-driven decision-making, and hyper-personalized customer experiences within Zain KSA's telecom operations. The core proprietary features documented are the Syrian Lira Currency Converter and the Currency Denomination Distribution Calculator, both classified as domain-specialization utilities rather than transactional products.

Yaqoot's revenue model is not publicly disclosed and there is no standalone pricing structure. As a digital platform embedded within Zain KSA — itself part of Zain Group, which reported KD 1.45 billion ($4.71 billion) in 9M 2024 consolidated revenue across 47.2 million customers in eight Middle East and Africa markets — Yaqoot functions as a channel for telecom-adjacent digital services and financial tools rather than an independently monetized software business. The primary user segment identified is Syrian residents and businesses needing accurate, Central Bank-backed currency conversion. No management team, funding history, AI capabilities, certifications, or named enterprise customers are disclosed in the available sources.

Name

Yaqoot

Website

https://yaqoot.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Yaqoot operates as Zain KSA's consumer-facing digital platform, offering a Syrian Lira currency conversion utility backed by Central Bank of Syria exchange rates and a banknote denomination distribution calculator, serving Syrian residents and businesses needing accurate lira conversions.

Ownership category

akta.pro rank

Headquarters

HQ city

Detroit

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Operations

Distribution channels1 record

Core offering

Yaqoot is a digital platform that provides a free online Syrian Lira currency conversion tool, enabling conversions between new Syrian Lira, old Syrian Lira, US Dollar, Euro, and Turkish Lira based on official Syrian Central Bank exchange rate bulletins. The platform also includes a denomination distribution calculator that helps users plan cash allocations across specific currency denominations, with manual customization options and multi-currency split support.

Product overview

Yaqoot is a digital platform operated by Zain KSA offering a currency conversion tool for Syrian Lira. The platform enables conversions between new Syrian lira, old Syrian lira, US dollars, euros, and Turkish lira, utilizing exchange rates from the Syrian Central Bank. The tool includes denomination distribution calculation features and supports Arabic and English languages.

Differentiator

Problem solved

Functional benefit

Products and services

• Syrian Lira Converter Free web-based currency conversion tool that converts between new Syrian Lira, old Syrian Lira, US Dollar, Euro, and Turkish Lira using official Syrian Central Bank exchange rate bulletins. Includes a denomination distribution calculator that proposes optimal allocation of currency denominations based on user-entered amounts, with manual customization, multi-currency split support, and optional Arabic numeral display. Designed for Syrian residents and businesses handling cash transactions and foreign currency conversions, available in Arabic and English.

Quantifiable outcome

• Reduced time-to-market for digital products through upgraded BSS infrastructure

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Huawei GlobalcoreTechnology or Integration · 4 May 2026Strategic partnership between Zain KSA's Yaqoot digital platform and Huawei Global to upgrade Business Support Systems (BSS) infrastructure. The collaboration aims to strengthen operational efficiency through next-generation BSS solutions, optimized automation, and simplified technical frameworks. The upgrade will enable faster digital product development, reduced time-to-market, advanced analytics for data-driven decision-making, and hyper-personalized customer experiences.

Scale indicators4 records

Recent moves2 records

Expansion highlights3 records

Direct peers

• OANDA: OANDA provides currency conversion, FX trading, and exchange rate data via its web platform and APIs. It is comparable to Yaqoot as a consumer-facing FX utility, with the additional dimension of regulated trading and historical rate datasets.
• XE.com: XE.com is the most established online currency conversion and FX information platform, serving consumers and businesses with real-time rates. It is directly comparable to Yaqoot's core Syrian Lira converter, though XE covers far more currencies globally and operates a deeper B2B API business.

Emerging players

• Wise (TransferWise): Wise is a multi-currency money transfer and FX platform serving both consumers and SMBs. It overlaps with Yaqoot on the multi-currency FX calculation use case but adds end-to-end cross-border payment execution rather than only a conversion utility.
• Revolut: Revolut is a multi-currency digital banking app with built-in currency conversion at interbank rates for consumers and SMBs. It overlaps with Yaqoot's multi-currency utility but extends further into cards, payments, and business banking.

Broad incumbents

• Google Finance: Google offers a built-in currency converter inside Search and Finance, providing free, instant FX conversion with broad currency coverage. It is comparable to Yaqoot on the free consumer utility dimension, but it does not localize to Syrian Central Bank rates or the denomination distribution workflow.
• Currency Converter by Mastercard: Mastercard publishes a widely-used free currency conversion tool and settlement-rate data feeds. It is comparable to Yaqoot as a consumer FX utility, but operates at massive global scale and as part of a broader payments network.
• Bloomberg Markets: Bloomberg provides authoritative FX rates and conversion tools via its terminal and free Markets site. It is comparable to Yaqoot's rate-data utility function, but Bloomberg serves primarily institutional and professional audiences with premium data depth.
• Western Union Money Transfer: Western Union operates FX conversion and remittance services heavily used by Syrian and Middle East diaspora. It is comparable to Yaqoot's geographic user base (Syria-adjacent FX needs) but is an incumbent remittance operator rather than a pure converter.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/yaqootcom

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Yaqoot