Jordan’s POSRocket raises $650K from Jabbar Internet Group, Arzan VC, and Propeller Inc.
POSRocket, the Amman-based startup that sells cloud-based point-of-sale solutions to SMEs raised $650,000 as seed investment from Jabbar Internet Group, Arzan VC, Propeller Inc. and two angel investors.
Founded by Zeid Husban last year, POSRocket’s point-of-sale system allows owners to monitor all operations in real-time including cash flow, inventories, and analytics from wherever they are and through any device.
The company now operates in Jordan and in Egypt, but in 2018, they are planning to “have physical presence in the KSA to support the Saudi and GCC markets”, Husban told Wamda.
With the new funding, the company will be also focusing on “hiring more technical people to help grow the product in a short period, and on investing in sales and marketing to expand our network,” according to Husban.
“This is just the beginning,” declared Husban, “as we are planning to expand aggressively in the region with the team we have.”
Husban was also the founder of Ifood, a successful food delivery company, acquired by Turkey's Yemeksepet in 2012.