Adaverse Venture Fund has invested $500,000 in the Saudi-based fintech startup, Umrah Cash.

More to Know:

• Umrah Cash was founded in 2024 in Jedah by William Phelps.
• The platform was only launched in September.
• William Phelps worked as an investment manager in Adaverse before starting his company.
• The platform empowers pilgrims to exchange their homeland currencies with Saudi Riyals.
• Pilgrims can make payments in their home countries and receive Saudi Riyals upon arrival in the Kingdom.