Riyadh, Saudi Arabia: Foz App, a Saudi-based application specializing in innovative marketing solutions through digital coupons for the business sector, has successfully closed a SAR 2 million pre-seed funding round in the fourth quarter of 2024. The funding was secured from a group of bold investors, reflecting strong confidence in the company’s vision and growth potential.
In an official statement, Foz App announced that this investment will be used to drive the company’s growth strategy and enhance its technical services. The funding aims to solidify Foz App’s position as a leader in digital coupon marketing, delivering added value to businesses and customers alike. The company aspires to be a reliable strategic partner that supports its clients in achieving their sales and growth objectives.
“A New Chapter of Innovation and Ambition”
Abdullah Al Shalahi, Founder and CEO of Foz App, highlighted the strategic importance of this funding. “This funding will be invested in developing our technology, accelerating the launch of the application prototype, improving the user experience, and expanding the scope of services. We aim to target a larger segment of customers, enhance our innovative offerings, and strengthen strategic partnerships. Building strong relationships with companies and institutions is key to achieving our partners’ strategic goals,” he stated.
Foz App offers unique digital solutions that help businesses achieve their strategic sales targets without incurring additional marketing costs. Its innovative services include digital coupons offering discounts of up to 50%, which drive customer engagement and boost sales. Additionally, the platform features daily auctions—a novel marketing mechanism that enables businesses to reach a broader audience through competitively priced coupons.
Driving Growth in Digital Marketing Solutions
The pre-seed funding marks the beginning of an exciting new chapter for Foz App, characterized by innovation and ambition. With plans to enhance its technological infrastructure and expand its service offerings, the company is well-positioned to lead the digital marketing sector and provide exceptional value to the business community.
As Foz App continues to innovate and grow, it remains committed to supporting businesses in achieving their goals while offering unparalleled value to end users. The company’s focus on strategic partnerships and cutting-edge solutions underscores its ambition to redefine the landscape of digital coupon marketing in Saudi Arabia and beyond.