Kuwait City, Kuwait – Monday, December 23, 2024 – Motery, a trailblazing fintech application transforming the car purchasing experience, proudly announces the successful completion of its seed funding round at an impressive $8 million valuation. This milestone positions Motery as a game-changer in Kuwait’s automotive sector, offering consumers a seamless, fully online car buying and financing solution.
Motery’s platform empowers users to explore, compare, and purchase vehicles with flexible financing options—all from the comfort of their homes. The funding will enable Motery to enhance its innovative services, expand its reach, and cement its reputation as Kuwait’s premier destination for streamlined automotive transactions.
“We are elated to have secured this funding at such a strong valuation,” said Abdulla Al Ateeqi, Co-Founder of Motery. “This investment reflects the trust in our vision and the enormous potential of Motery. Our mission is to simplify and elevate the car buying experience, and this funding takes us one step closer to achieving that.”
Co-Founder Eng. Mohammad Al Abdulsalam added, “This achievement is a testament to our relentless dedication and innovation. With this backing, we will continue to refine our platform, ensuring an effortless and efficient car purchasing journey for our customers. We’re committed to driving the future of automotive financing in Kuwait.”
The automotive industry in Kuwait is poised for significant growth, and Motery is at the forefront, reshaping how consumers approach car ownership. The company’s dedication to delivering exceptional service and cutting-edge technology aligns with the evolving expectations of modern car buyers.
Motery’s newly acquired capital will be directed toward enhancing the platform’s capabilities, increasing transaction volume, and expanding its user base. With this funding, Motery is set to redefine the automotive landscape, offering a one-stop shop for car enthusiasts and everyday consumers alike.
For updates on Motery’s services and features, visit http://onelink.to/motery.
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About Motery
Motery is Kuwait’s leading fintech platform, revolutionizing the car buying journey with a fully digital experience. By integrating advanced technology with customer-centric services, Motery simplifies car purchases and financing, offering unparalleled convenience and flexibility.
