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APIC acquires a stake of 6.2% in MadfooatCom Company in Jordan

2018-04-04

The Arab Palestinian Investment Company APIC has acquired a stake of 6.2% from the paid-up capital of MadfooatCom Company in Jordan in a transaction worth $2.3 million. MadfooatCom is an acclaimed leader in financial services technology based in Amman, Jordan. Established in 2011 and provides solutions for consumers in the MENA region and beyond to view and pay their bills with ease, comfort and speed. It has a platform, “eFAWATEERcom”; established in partnership with the Central Bank of Jordan, and has processed over 6 million invoices valued at USD 4.3 billion and growing rapidly.