news
August 24, 2015
Capital Investments Advises MadfooatCom on a Significant Capital Raise to Fund the Company’s Future Growth

OVERVIEW OF TRANSACTION

On August 3, 2015 MadfooatCom for Electronic Payments Company (the “Company”) announced that a consortium of Jordanian banks has made a significant growth investment in the Company. The Company is Jordan’s leading Electronic Bill Presentment & Payment Service (EBPPS) provider, having won the Central Bank of Jordan’s tender to build, operate and administer the EBPPS platform in Jordan (eFAWATEERcom) in 2014.

SIGNIFICANCE OF TRANSACTION

By combining a strong Management team with strong strategic and financial partner, the Company seeks to grow and pursue new opportunities in an increasingly dynamic market. The transaction positions the Company well to pursue additional growth opportunities and continue improving its market-leading platform and expanding in adjacent regional and international markets.

CAPITAL INVESTMENTS’ ROLE

Capital Investments served as exclusive strategic and financial advisor to MadfooatCom and its management team in the transaction. Capital Investments leveraged its extensive network to help MadfooatCom find the ideal partners for its next stage of growth.