Suyool is a cashless financial ecosystem that integrates corporate accounts, card payments, and secure transfer systems, enabling users to send and receive money locally and internationally with ease. The platform eliminates the need for cash transactions, providing a seamless payment experience while offering a loyalty program that rewards users for every transaction.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional payment systems in Lebanon often rely heavily on cash, creating inefficiencies and security risks for both consumers and businesses. Existing digital solutions may lack comprehensive features, struggle with international transactions, or fail to integrate seamlessly with corporate financial management.
Solution
Suyool provides a digital financial ecosystem designed to streamline payments and financial management within Lebanon and internationally. The platform offers users and businesses a suite of tools, including digital wallets, Visa debit cards, and corporate accounts, all accessible through a mobile application. Users can send and receive money locally and internationally, pay bills, make in-store and online purchases, and manage their finances through a unified interface. Suyool also incorporates a loyalty program that rewards users for transactions, encouraging adoption and engagement with the platform.
Target Audience
Suyool targets individual consumers in Lebanon seeking a convenient and secure alternative to cash, as well as businesses looking for efficient digital tools to manage their finances and process payments.
Features
- Digital wallets supporting both LBP and USD currencies
- Visa Platinum debit card accepted locally and internationally, with in-app control features like card locking and PIN changes
- International money transfers to over 110 countries
- Bill payment functionality for prepaid recharge cards and postpaid bills
- QR code payments for in-store transactions with automatic currency conversion
- Corporate digital accounts with dashboards for managing business finances
- Cash pick-up and delivery services for adding or withdrawing funds
- Real-time transaction notifications and downloadable account statements
- Loyalty program that rewards users with points for every payment