Suyool is a Lebanese financial app founded by Arz El Murr and licensed by Banque du Liban in May 2023. It puts payments, a card, a wallet and loans in one place. Users can send money inside Lebanon and abroad, pay bills with live confirmation, pay merchants by QR code, withdraw cash at ATMs and exchange currency. A Visa Platinum card works online and in shops, locally and abroad. One unusual service is Cash Butler, where a driver picks up or delivers cash, insured up to 10,000 dollars. A partnership with TerraPay added international remittances, part of Suyool's aim to serve the many Lebanese without bank accounts. Businesses can open merchant accounts, use an online payment gateway or install a Shopify plugin. Anyone 18 or older with a Lebanese ID and phone number can sign up.
Suyool at a glance
- Licensed by Banque du Liban in May 2023
- Founded by Arz El Murr
- Cash Butler delivers or collects cash, insured up to 10,000 dollars
- Partnered with TerraPay for international remittances
- Offers a Shopify checkout plugin
Who is behind Suyool
- Arz El Murr (Founder and CEO). Source: thefintechtimes.com