ZZid is an eRetail enablement company that enables any retailer or merchant to move from traditional retail to modern retail.
Zid helps retailers build their own online stores and then integrates them with the supply chain and third-party logistics companies.
Zid was founded in 2017 by Sultan AlAsmi and Mazen AlDarrab. The company is based in Riyadh, Riyadh, Saudi Arabia.
Zid rolled out products and solutions to enable Zid retailers in shipping (ZidShip) and payment (ZidPay), achieving significant growth and adoption of their products. Zid's intention is to expand the offering of these products to cover: financing retailers and cross-border shipping.
Zid’s merchant network now reaches over 7,500 stores across 19 different categories, from small to large merchants in the retail sector. The company has processessed over over 7 million lifetime consumers via its merchants.
Zid is backed by IMPACT46, Waed Ventures, Endeavour Catalyst, Global Ventures, MSA Capital, Elm Street Ventures, Arzan Venture Capital, and others. The company raised $50M in Series B round on Oct 17, 2022. This brings Zid's total funding to $59M to date.