F4J project has been supporting startups -through the Entrepreneurship Eco-system Matching Grant component- to improve their readiness and capacity to absorb funding from investment vehicles. During the last months, F4J has been supporting Receet in its outreach activities. This allowed them to attend to multiple conferences around the world to increase brand awareness, partnerships and pitch investors. As a result of this support, Receet was selected to participate in the Dubai Smart City Accelerator which helped them to further develop the product and access to new markets beside Palestine like; Jordan, UAE and KSA. All of these led Receet to secure an amount of $16,250 from Dubai Smart City Accelerator and $379,080 in-kind for training, acceleration and mentorship. Furthermore, Receet will get new round of investment from Fikra, Paltel Innovation Hub in Palestine.
Receet software is being used in several countries in the Arab world, offered through leading global POS systems, like Square, iZettle, RetailPro, Foodics, POS Rocket and others, which serve over one million clients around the world.