On July 19th Coded hosted its first event after the Summer Full-time Bootcamp 2016 was kicked-off. Full of useful information and entrepreneurial tips, the event gathered startup enthusiasts who wanted to know more about Abdullah Al-Dabbous and his startup MyFatoorah. In case you missed the interview with him we posted toward the event, you can find it here.
MyFatoorah is an online payment solution that allows users to pay their bills in a very simple way by using Knet, Visa and MasterCard as payment methods.
During his talk he shared the story on how did MyFatoorah started at the first place. It was like for a lot of the startups – everything started from a personal need, in this case Abdullah’s wife need. In more than a year since MyFatoorah was founded, it resulted in over 1000 vendors today. Some of their clients are flydubai, Barakat Travel Co., Gulf University for Science and Technology, and many others.
From C2B KW to MyFatoorah
The interesting thing about the name itself is that at first it was an ‘ugly name’, as Abdullah said. He was advised to change it from ‘C2B KW’ to some more common name. So that’s how it got the name as we know it by today, ‘MyFatoorah’, which means ‘my bills’ in Arabic, and is easy to figure out the meaning in other languages.
Abdullah also shared lots of tips for entrepreneurs, here are some of them:
- Initially find a technology partner – you need to have both business and tech
- Hire individuals that are better than you and whom you would learn from. Build a team.
- Don’t hesitate to change things if and when it makes sense.
- Don’t wait for perfection because it will never be perfect.
- There will be times when you will feel demotivated. Keep going and be patient.
- Find mentors because they can really help you.
- Aim high and don’t sell yourself short.