OUR HISTORY
iPay Holding is the digital innovation arm of the Inteltec Group. We accelerate the growth of best of breed solutions targeted towards the ICT, Mobile Money, E-commerce, Retail and Public Sectors in the region. There is also a division of iPay dedicated towards seeding and incubating in-house projects and majority-owned startup investments.
iPay was founded in 2007 and is one of 10 subsidiaries of the Int’ltec Group. The Group is a spinoff of the 2005 acquisition of Investcom by South Africa-based MTN Group, where 13 telecom operating companies across Middle East & Africa were merged to form one of the largest telecom Groups in the world.
Int’ltec’s other portfolio companies provide services in telecom engineering, general contracting, construction, mechanical & electromechanical, VSAT, Telecom Networks, Data Centers, Environment, Clean Energy, retail sales & distribution since 1995.
WHY CHOOSE US
01.
SCOUTING
Connecting technology-seeking companies with compatible clients from our tech pool
02.
INVESTING
iPay’s direct investment arm-investing into start-ups and new ventures raising capital for launch or expansion
03.
VENTURE BUILDING
Specializes in digital transformation and digital strategy
04.
ACCELERATING
Catering to all start-up needs from facilities, mentorship, networks, local know-how and funding.
05.
BUSINESS DEVELOPING
Modifying value propositions, pipeline development, deal management and support.
06.
FUNDRAISING
Giving clients high-speed access suitable venture capitalists and strategic investors
OUR VISION
To pioneer disruptive, transformative, and innovative technologies and solutions that make us the leading growth partner of choice for key players in the Telecom, Mobile Money, and Digital ecosystem. We aim to accelerate innovation and drive leadership in core markets for our partners, acknowledging the UAE’s role as the heart of the region’s journey towards a digitally infused future.
OUR MISSION
To facilitate and maximize growth for the most promising technology companies focused on the MENA region, with a sector focus on Telecom & VAS, Mobile Money, Retail, Distribution, and E-commerce. We remain open to exceptional opportunities from other industries, thoroughly vetted through our scoring model and aligned with our strategic objectives.
THE LEADERSHIP TEAM
Ghassan Oueida
CEO & Founder @ iPay Holding
Ghassan Oueida is a business executive and entrepreneur with a remarkable career spanning over two decades across various industries, primarily Telecommunications and Fintech. As the founder and Chief Executive Officer of several successful companies, he has a proven track record of building and scaling businesses, driving revenue growth, and delivering exceptional customer value.
His career began at Investcom Holding, where he spent fifteen years managing telecom operations across different regions, including the Middle East, Europe, and Africa. During this time, he demonstrated his expertise in setting up and preparing telecom network companies, optimizing operations, and implementing network transformation programs. His leadership was instrumental in launching the first GSM operation in West Africa (Ghana), a significant achievement that brought modern telecommunications services to the region.
Currently, Ghassan is the Founder and CEO of Inteltec Emirates Group, a company focused on technology solutions for the telco sector. He also serves as Managing Director of Vodatel PTE LTD delivering international wholesale voice traffic and consulting services, further showcasing his diverse expertise in the industry.
In addition to his role in Inteltec, his leadership has led him to the founding of iPay Holding, a revolutionary Venture Builder committed to innovative strategies for success focused on the Middle East and Africa. The company is incubating and accelerating disruptive digital solutions across multiple sectors such as Fintech, Telco, e-commerce solutions, and financial inclusion programs. Ghassan’s vision of building and scaling businesses has helped to shape the telecommunications industry, setting new standards for excellence.
Moreover, Ghassan Oueida is the Chairman of Mersal Air, an Emirati start-up that aims to revolutionize the e-commerce industry by streamlining middle-mile package transportation across the GCC. Mersal Air is the first dedicated e-commerce airline in the region, providing affordable, fast, reliable, and efficient middle-mile services to help e-commerce brands scale quickly.
Recently, iPay Holding also acquired a majority stake in Ciao Delivery, and Ghassan Oueida has become part of the Leadership Board. His extensive experience and visionary leadership will undoubtedly help drive Ciao Delivery’s growth and success.
Houssam Fakih
Dr. Houssam Fakih has served as the CFO of iPay Holding since 2016, following a distinguished tenure as the Executive Vice President of Int’ltec Group in KSA from 1999 to 2016. Over the course of his career, he has steered finance teams in more than 10 companies spanning three countries, directing crucial functions such as financial reporting, accounting, internal controls, and budgeting.
With extensive expertise in the Middle East, Asia, and Africa, Dr. Houssam has overseen diverse financial operations including budget management, month-end closures, forecasting, pricing strategies, negotiation of deals, due diligence processes, treasury functions, risk management and internal controls. He holds a PhD in Finance and boasts numerous professional accreditations.
Pawel Paulukojc
Strategy & Commercial Planning Director @ iPay | Finance | Business Intelligence | Analytics | E-Commerce | Fintech
Pawel is the Director of Strategy & Commercial Planning at iPay with more than 20 years of experience in developing effective business strategies, analyzing customer insights, managing sales channels, and optimizing company performance. His expertise includes working with leading telecom operators and retail distribution channels across Europe, the Caribbean, and the Middle East, where he has successfully delivered major revenue growth, operational efficiency, and various products & channel management projects across 30+ countries.
With a proven track record of achieving measurable results in revenue growth, cost optimization, and channel performance through effective business strategy development and planning, he is passionate about leveraging technology and data. Design and implement valuable programs that improve operational efficiency, meet strategic objectives, and drive growth are part of his broad experience. Working across financial, analytics, and operational areas he has been equipped with the skills to develop valuable programs that deliver results across various markets and segments.
Pawel completed his Master’s degree at the University of Economics & Business in Poland, with a focus on P/L management, business planning and sales channel management, customer insights and analysis, and KPI and targets performance. He has held various leadership roles in commercial strategy, BI and customer insights, sales channel management, and value-based steering. The innovative thinking, a deep understanding of the key drivers of business success, results-driven approach, project & team management skills and passion for leveraging technology and data are part of his DNA and make him an invaluable asset to any organization.
Chris Corsi
Head of Launch & Growth @ iPay Holding
Chris is an accomplished leader in the technology industry with over 15 years of experience in multi-national, multi-channel, and multi-industry operations. He specializes in designing and implementing successful business models and infrastructures across Europe, Middle East, and Africa. As the CCO of Mara Phones, he led the expansion of the manufacturing plants in South Africa and Rwanda, while also building a device-as-a-service ecosystem to connect the unbanked population in the region.
Previously, Chris served in various executive roles across the industry, including General Manager MEA for TCL, Operations Director MEA at Lenovo, and Regional Director for BlackBerry Middle East. With fluency in several languages and a multicultural background, Chris has a unique ability to build and lead passionate teams.
Currently, as Head of Launch & Growth at iPay Holding, Chris is driving the development of innovative start-ups through the implementation of growth strategies and business models. His leadership and expertise have helped iPay Holding launch and scale successful ventures across industries in the UAE and beyond.
Jad Marouch
Director of HR & Administration @ iPay Holding
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