Foloosi provides a QR code payment system that facilitates consumer-to-business transactions by allowing businesses to display a scannable code for immediate payments. This technology reduces transaction time and enhances customer convenience by streamlining the payment process.
Funding
$2.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses, especially small and medium-sized enterprises (SMEs), face challenges in efficiently processing digital payments, often relying on outdated or fragmented systems. This can lead to increased transaction times, higher costs, and a less convenient experience for both the business and its customers.
Solution
Foloosi provides a unified payment platform designed to streamline digital transactions for businesses of all sizes. The platform offers a suite of integrated payment solutions, including QR code payments, payment links, online store capabilities, and point-of-sale (POS) systems. By consolidating these functionalities into a single platform, Foloosi enables businesses to accept payments, manage finances, and enhance customer interactions. The platform supports various integration methods, including APIs and e-commerce plugins, allowing for seamless integration with existing business systems.
Target Audience
Foloosi primarily targets small to medium-sized businesses (SMBs) and enterprises in the retail, e-commerce, and service industries looking for a comprehensive digital payment solution.
Features
- QR code payment processing for quick and contactless transactions
- Payment link generation for easy online payments via social media or direct messaging
- Online store creation tools for businesses to establish an e-commerce presence
- Mobile POS (mPOS) functionality, enabling card payments via NFC-enabled devices
- Subscription management tools for recurring billing and automated payments
- Digital ledger for tracking transactions and managing finances
- Support for multiple currencies, including USD, EUR, and AED
- Integrations with popular e-commerce platforms like Ecwid, WooCommerce, and Magento
- APIs for custom integration with existing business applications
- Mobile applications for both merchants (Foloosi Business) and customers (Foloosi)