Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Iraqi Fintech Digital Zone Reports Revenue Growth Following Acquisition

Source EQS

Baghdad, Iraq, DATE - April 28, 2025 - (SeaPRwire) - Digital Zone, Iraq's leading platform for digital goods and services, has reported a remarkable 50-fold increase in revenue following its acquisition by Qi Group, the country's largest financial technologies company. The acquisition, which took place in January 2025, has propelled Digital Zone to new heights, with the company now serving over 1 million monthly users across its platforms.

fncls.ssp?fn=download2_file&code_str=674ac004d92468965216d087ebad88e5

Founded in 2020 by Saif Al-Mufti, Digital Zone has rapidly evolved from a startup offering digital phone top-ups and gift cards to a comprehensive digital commerce ecosystem. The platform now encompasses many services, including mobile recharges, gaming credits, subscription services, and online gift cards.

In the wake of the acquisition, Digital Zone has expanded its offerings to include Ticket Zone, Iraq's first dedicated digital ticketing platform for events and entertainment, and Rahal, a travel services division that provides flight bookings and e-SIM solutions for international travelers.

Saif Al-Mufti, founder and CEO of Digital Zone, commented on the company's growth: "Our integration with Qi Group has unlocked remarkable opportunities. We can now leverage a customer base of over 11 million monthly users, significantly amplifying our impact on Iraq's digital economy".

The success of Digital Zone post-acquisition underscores the potential of Iraq's startup ecosystem and highlights the benefits of collaboration between established conglomerates and young companies. Luay Al-Obaidy, Qi's chief product officer (CPO,) emphasized the strategic importance of the acquisition: "Digital Zone is a key growth engine for introducing users to the Qi ecosystem through its value-added services and unique offerings."

As part of its growth strategy, Digital Zone is exploring expansion into the GCC region, focusing on the Saudi Arabian market. This move aligns with the company's long-term goal of becoming a regional player in the digital commerce and fintech sectors.

For more information about Digital Zone and its services, visit www.dz.iq.

About Digital Zone

Digital Zone, founded in 2020 by Saif Al-Mufti and a team of young Iraqi entrepreneurs, has rapidly become Iraq's leading digital goods and services platform. The company simplifies access to digital services such as mobile top-ups, internet subscriptions, gaming credits, and online gift cards. In early 2025, Digital Zone was acquired by Qi Group, Iraq's largest financial technologies company, marking a significant milestone for both Digital Zone and Iraq's startup ecosystem. This acquisition has propelled Digital Zone's growth, resulting in a 50-fold increase in revenue and reaching 1 million monthly users within just one year. The company's success and rapid growth have positioned it as a key player in Iraq's digital economy.

Contact Information

Contace: Jameel Amir

Organization: Digital Zone

Email Address: hello@dz.iq

Website: https://dz.iq/

28/04/2025 Dissemination of a Financial Press Release, transmitted by EQS News.
The issuer is solely responsible for the content of this announcement.

Media archive at www.todayir.com

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold ends three-week slide at the $4,400 line — eight straight days of ETF inflows vs a 5% 10-year and a 100 dollar Spot gold closed Friday at $4,378.39, up 0.84% on the day and about 0.8% for the week — its first weekly gain in four weeks — with the intraday high of $4,399.67 leaving it 33 cents shy of the $4,400 line. Gold ETFs have now logged eight straight sessions of inflows, but with the 10-year back above 5% and the dollar index near 100, here is what decides whether this is a reversal or a bounce.

Author Suzie

Sep 20, Sun

Spot gold closed Friday at $4,378.39, up 0.84% on the day and about 0.8% for the week — its first weekly gain in four weeks — with the intraday high of $4,399.67 leaving it 33 cents shy of the $4,400 line. Gold ETFs have now logged eight straight sessions of inflows, but with the 10-year back above 5% and the dollar index near 100, here is what decides whether this is a reversal or a bounce.

WTI (USOIL) Is down 2.13% on Sep 22: What Is Driving the Move?WTI (USOIL) is down 2.13% at Sep 22 05:55(ET), now at $89.999, with a 7-day down of 12.84%.What is driving WTI (USOIL)’s stock price down today?The retreat in US crude oil benchmark prices was primari

Author TradingKey

Sep 22, Tue

WTI (USOIL) is down 2.13% at Sep 22 05:55(ET), now at $89.999, with a 7-day down of 12.84%.What is driving WTI (USOIL)’s stock price down today?The retreat in US crude oil benchmark prices was primari

October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changed Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Author Irene Q.

Yesterday 06: 22

Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.

Memory chips surge, Nasdaq notches a second straight record close — why the Dow fell 185 points anyway Micron gained 5%, SanDisk 6.8%, Seagate 4% and Western Digital 3% as the memory complex led the Nasdaq Composite to a second consecutive record close of 27,244.28. But the Dow fell 185 points as JPMorgan, Wells Fargo and Schwab slid more than 3% each — a split tape that says more about positioning than about the economy.

Author Irene Q.

Yesterday 06: 51

Micron gained 5%, SanDisk 6.8%, Seagate 4% and Western Digital 3% as the memory complex led the Nasdaq Composite to a second consecutive record close of 27,244.28. But the Dow fell 185 points as JPMorgan, Wells Fargo and Schwab slid more than 3% each — a split tape that says more about positioning than about the economy.

Gold Price Forecast: XAU/USD drifts toward $4.300 with bears gaining traction Gold (XAU/USD) retraces Tuesday’s gains on Wednesday and drifts lower, approaching the $4,300 area as the US Dollar Index (DXY) rallies further amid high US Treasury yields.

Author FXStreet

21 hours ago

Gold (XAU/USD) retraces Tuesday’s gains on Wednesday and drifts lower, approaching the $4,300 area as the US Dollar Index (DXY) rallies further amid high US Treasury yields.

Popular Symbols