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Dsquares

End-to-end loyalty program solutions provider

Overview

Dsquares provides end-to-end loyalty and rewards solutions for businesses, offering modular programs that can be tailored across industries. Its platform handles all aspects of a loyalty program, including point consolidation, transfer, redemption, and sharing, as well as joint wallets for multiple users. AI-driven tools enable customer segmentation and engagement to target rewards effectively. Dsquares serves clients in telecommunications, financial services, and retail, with a business model focused on helping companies increase customer retention and grow revenue through personalized loyalty programs.

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About Dsquares

Simplify's Rating
Why Dsquares is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareAI & Machine Learning

Company Size

201-500

Company Stage

Series B

Total Funding

$2M

Headquarters

Cairo, Egypt

Founded

2012

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Simplify's take

What believers are saying

  • Lorax Capital Partners bought a significant minority stake, funding expansion.
  • Prepit integration strengthens Dsquares' AI segmentation and personalization capabilities.
  • Saudi qitaf marketplace expansion through stc can open higher-volume regional contracts.

What critics are saying

  • Talon.One, Comarch, and Zeta Global pressure Dsquares on enterprise loyalty deals.
  • Integration risk rises after Prepit acquisition, threatening execution through 2026.
  • Any lost bank or telecom client would quickly expose concentration risk.

What makes Dsquares unique

  • Dsquares serves 150 million users across 21,000 merchant branches.
  • The Prepit acquisition deepens AI-powered SME loyalty, especially F&B and e-commerce.
  • The stc Group MOU embeds Dsquares inside Saudi Arabia's qitaf rewards ecosystem.

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Funding

Total Funding

$2M

Below

Industry Average

Funded Over

2 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$1M
$30M
$45M
$65M
$100M

Benefits

  • Health Insurance
  • Life Insurance
  • Profit Sharing
  • Hybrid Work Options
  • Parental Leave
  • Phone/Internet Stipend
  • Commuter Benefits
  • Paid Vacation
  • Wellness Program
  • Professional Development Budget
  • Company Social Events

Growth & Insights and Company News

6 month growth

0%

1 year growth

3%

2 year growth

0%
Identity Magazine
Oct 26th, 2026
Dsquares hosts Loyalize 2026 and launches Nexus to lead the Next Loyalty Shift.

Dsquares hosts Loyalize 2026 and launches Nexus to lead the Next Loyalty Shift. October 26, 2026 Cairo summit gathers brand leaders, including EGX Executive Chairman Omar Radwan, as Dsquares unveils its new Loyalty Orchestration Platform Cairo, 22 October 2026: Dsquares, the region's leading loyalty and customer engagement company, has hosted Loyalize 2026, the first loyalty summit for the Middle East and Africa, at Dusit Thani LakeView, New Cairo, and used the occasion to launch Nexus, its new Loyalty Orchestration Platform. Held under the theme "Defining the Next Loyalty Shift", the one-day summit brought together 150 attendees from local, regional and international speakers and brands. The speakers included Omar Radwan, Executive Chairman of the Egyptian Exchange (EGX); Amanda Cromhout, Founder and CEO of Truth Loyalty; and Ahmed Abdeldayem, EMEA Consumer CMO, Finished Lubricants at ExxonMobil. Sessions examined how data, artificial intelligence, gamification and partnerships are reshaping the relationship between brands and their customers, alongside a live product demo corner and a gamified rewards experience.

TechCabal
Oct 23rd, 2026
we.yan and Dsquares partner to bring everyday loyalty rewards to Nigeria

we.yan and Dsquares partner to bring everyday loyalty rewards to Nigeria. Quick Links * Partner we.yan and Dsquares partner to bring everyday loyalty rewards to Nigeria By Partner 23rd Oct, 2026 Get TC updates in your Newsfeed Share we.yan and Dsquares make loyalty part of everyday life in Nigeria. Dsquares' loyalty technology integrates into we.yan's infrastructure, making rewards the thread that connects experiences across the platform. we.yan has signed a strategic partnership with Dsquares, a leader in loyalty, rewards and customer engagement across the Middle East and Africa, to build loyalty directly into we.yan's infrastructure in Nigeria. The signing came as we.yan Founder and Chief Executive Officer, Tamer Bahgat joined Dsquares' Loyalize 2026 panel in Cairo, Loyalty Beyond Industry Boundaries: Becoming Part of Daily Life, where he set out a clear view of where loyalty is heading. "The future of loyalty is not about rewarding people for spending more," Bahgat told the audience. "It is about making their everyday lives more valuable." One thread across every experience we.yan builds infrastructure with an ecosystem that combines finance, communication and commerce. A conversation leads to a trade, the trade leads to a payment, and the payment frees up money to save or invest. The same ecosystem Nigerians use to top up airtime has been selected as a digital retail channel for the Dangote Refinery Initial Public Offering. Loyalty ties those experiences together. With Dsquares' technology integrated into the infrastructure, the partnership aims to make rewards useful beyond a single transaction or merchant. What a customer earns paying a bill could become useful when buying from another merchant. Every experience in the ecosystem has the potential to make the next one more rewarding. "Consumers hold points across dozens of businesses, and most of that value is trapped," Bahgat said. "The future is not more loyalty programs. It is interoperable loyalty." Rewarding necessities, not luxuries Bahgat argued that the next generation of rewards will be built around the moments people return to every week: airtime, data, bills and money sent home. Rewarding necessities creates frequency, and frequency builds habit. In a market where prices move fast, a reward that covers tomorrow's data bundle is worth more than a discount on something you were not going to buy. As loyalty technology evolves, those rewards could also become invisible: applied automatically at the right moment, with no separate program to join and no points to track. "The best loyalty program of the future is the one customers never realise they are using," Bahgat said. Shared rewards for merchants For merchants, the partnership creates an opportunity to develop shared rewards across the ecosystem. Small businesses could gain access to loyalty tools built directly into the infrastructure, without the cost or complexity of developing their own programs. As more merchants participate, each stands to benefit from the activity generated across the wider network. "If I give someone ten dollars to generate five dollars of value, I have not built a loyalty strategy. I have built a subsidy," Bahgat said. "When the cost of rewards is shared across businesses that benefit, loyalty becomes more economically sustainable." Built for Nigeria, ready for Africa "For decades, brands have paid people to come back. We are building infrastructure that makes every interaction more valuable," said Bahgat. "Loyalty is not a program you open; it is a layer woven into daily life. When payments, conversations and commerce live together, every interaction becomes an opportunity to create value." Marwan Kenawy, Founder and Chief Executive Officer of Dsquares, said: "Nigeria is one of the most dynamic digital markets in the world, and we.yan is building exactly the kind of connected ecosystem its consumers deserve. By bringing our loyalty and engagement expertise to the platform, we can help we.yan grow with its community and give people more reasons to stay connected. This partnership marks the beginning of our journey in Nigeria, and a foundation for what we will build across Africa." The partnership lays the foundation for interoperable rewards across the merchants, partners and services in the we.yan ecosystem. About we.yan we.yan builds infrastructure with an ecosystem that combines finance, communication and commerce. Users and merchants pay, save, invest, chat and trade in one place. we.yan is live in Nigeria building towards connecting people, businesses and markets across Africa and around the world. Learn more at weyan.app. About Dsquares Dsquares is a top B2B loyalty and rewards solutions provider, working with Fortune 500 companies and multinational corporations across Africa, the GCC, and Eastern Europe. With expertise in loyalty programs for various sectors, including banking, telecom, retail, FMCGs, hospitality, automotive, petroleum, and e-commerce, they offer a robust portfolio of over 75 customised programs. Dsquares has facilitated over 2.5 billion transactions, serving 150 million end users through a network spanning 21,000 merchant branches, solidifying their position as a trusted partner in driving customer engagement and retention. More from this Author * Government Lagos wants its innovation ecosystem to become a global leader * Events TechCabal and Moniepoint partner to discuss how tech is changing the informal economy * Events ARM collaborates with TechCabal on the Future of Commerce partnership pitch session Partner Are Nigerian creatives making money, or just busy? Partner | 1 day ago

Zawya
Jan 29th, 2025
Dsquares acquires majority stake in Prepit

To revolutionize loyalty solutions for the region’s SMEs

Zawya
May 23rd, 2022
Dsquares receives award MEA Markets' magazine award for "Best Loyalty Solution Provider in MEA

Moreover, in recognition of its pioneering role in the sector, Dsquares won the MEA Markets' magazine award for "Best Loyalty Solution Provider in MEA”.

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