areeba is a payment processing company based in Beirut, founded in 2017 and led by Maher Mikati. It was launched through M1 Financial Technologies, part of M1 Group, after the group acquired Bank Audi's electronic payments and cards business. Today it serves banks, fintechs, merchants and public bodies, mainly across the Middle East and Africa. Its core product is a cloud-native card management system with open APIs that supports many currencies and card schemes. Around it areeba offers card issuing and acquiring, point-of-sale terminals, e-commerce gateways, 3D Secure checks for online shopping, tokenization and fraud management. In 2020 it launched Zaky, a mobile wallet licensed by Banque du Liban for person-to-person transfers, top-ups and online payments.
areeba at a glance
- Founded in 2017 in Beirut
- Launched through M1 Financial Technologies
- Took over Bank Audi's cards and e-payments business
- Launched the Zaky mobile wallet in 2020
Who is behind areeba
- Maher Mikati (Founder and CEO). Source: app.dealroom.co