Sorbet
Sorbet is an ADGM-regulated fintech empowering freelancers and SMEs - particularly in MENA - to manage global payments via a non-custodial USDC wallet, invoice issuance, link-in-bio profiles, and analytics, delivering instant, fee-free receipts in USD/USDC and seamless cross-border workflow under one cloud-native platform.
Industry
Finance & Insurance
Market Categories
Wallet Providers
Business function (Horizontal)
Finance
Headquarters Location
Riyadh, Saudi Arabia
Product Name
Sorbet Wallet
Parent Company
Sorbet
Founder
Rami Djebari
Web2vsWeb3
Web3
Access Model
API
Target Users
Consumers
Competitors
PayPal Xoom; Wise; WorldRemit; Remitly; Bitwage; Deel; Deel Pay; Deel’s Hue; Deel Select; HIVE; Deel’s Overtime; Lander—insofar as they offer cross-border payments for freelancers; also Celo’s U.S.D. Wallet; Payoneer
Business Function (stablecoins)
Wallet Management, Payment Interface, Payment Processing, Transaction Settlement, Integration Services, Compliance & Regulatory Oversight
Feature completness
Product differentiation
Non-custodial wallet with gas sponsorship (zero barrier for on-chain use). 0 % platform fees for freelancers (market differentiation vs. traditional remittance/invoicing). Integrated invoicing → auto-conversion to USDC; built-in link-in-bio profiles. Analytics at free tier (tracking client sources, widget engagement). ADGM-regulated entity built for MENA freelancers (regional focus + compliance). Email-only onboarding; user never needs to manage private keys manually. Combines wallet, invoicing, profiles, analytics in one platform (end-to-end workflow).
Privacy & Data protection certificate
Years in business
2.49
Employees
<10
Horizontal Applications
Peer-to-Peer (P2P) Payments, Remittances, Payment Rail, E-commerce Transactions
Tech stack modernity
Non-custodial wallet via Web3 libraries (MetaMask integration abstracted). JavaScript/TypeScript front-end (React or Vue). Backend microservices (likely Node.js/Python). RESTful JSON APIs; SDKs being developed. Cloud-native via ADGM-approved fintech infrastructure (presumed AWS/GCP). TLS 1.2+ encryption; decentralized key management client-side. Analytics stack (custom dashboards, likely using libraries like Chart.js or D3).
Product Roadmap
Add Credit Card Payments & Expand Currency Options. Enable direct local bank withdrawals from USDC to local currency. Support additional stablecoins (USDT, DAI). Launch agency/SMB modules for multi-user invoicing. Expand regionally to Africa & South Asia. Introduce advanced analytics (conversion rates, revenue forecasting). B2B API enhancements for enterprise integrations (ERP, accounting).
Product Roadmap
Add Credit Card Payments & Expand Currency Options. Enable direct local bank withdrawals from USDC to local currency. Support additional stablecoins (USDT, DAI). Launch agency/SMB modules for multi-user invoicing. Expand regionally to Africa & South Asia. Introduce advanced analytics (conversion rates, revenue forecasting). B2B API enhancements for enterprise integrations (ERP, accounting).
API Quality
Production-Ready
Documentation Link
Enterprise readiness
API-first, cloud-native platform with SLA commitments; built-in compliance and KYC modules; supports thousands of concurrent transactions; dedicated onboarding for agencies/SMBs; analytics for client conversion.
Security & Compliance Readiness
ADGM-regulated (Sorbet Holdings Limited under ADGM Companies Regulations 2020). KYC/AML workflows for USD Virtual Accounts (ADGM framework). Non-custodial model reduces regulatory custody risk. TLS 1.2+ encryption in transit; data encryption at rest. PCI-DSS compliance planned (not public yet). Terms of Service and Privacy Policy adhere to global standards.
Documentation quality assessment
Private developer docs (docs.mysorbet.xyz) including API reference, integration guides, and compliance FAQs; public site provides overview but not full API specs.
Support Methods
Email support (support@mysorbet.xyz) with advertised SLA (24-48 hrs for critical tickets). Onboarding guides and webinars (via “Docs” portal). Dedicated account managers for agencies and high-volume clients. Quarterly Q&A webinars for freelancers.
Critical capabilities
24/7 borderless wallet supporting USDC & USD (ACH/Wire/SEPA); gas sponsorship for on-chain txs; proprietary stablecoin conversion engine. Cloud-native microservices (likely AWS/Azure), RESTful JSON APIs, SDKs (Java/Python/Node), webhooks for real-time updates. Industry Expertise: Incorporated under ADGM (Sorbet Holdings Limited); built from Riyadh for MENA freelancers; leadership with fintech and blockchain backgrounds (Rami Djebari, Maher Ayari).
Support & Account Management
Email support (support@mysorbet.xyz) with advertised SLA (24-48 hrs for critical tickets). Onboarding guides and webinars (via “Docs” portal). Dedicated account managers for agencies and high-volume clients. Quarterly Q&A webinars for freelancers.
51 Score™
353.75
Product & Service
44.0
Stability & Maturity
10.0
Technology & Innovation
70.0
Enterprise Readiness
17.5
Categorization
Founder
Rami Djebari
Parent Company
Sorbet
Market category
Wallet Providers
Target Users
Consumers
Top competitors
PayPal Xoom; Wise; WorldRemit; Remitly; Bitwage; Deel; Deel Pay; Deel’s Hue; Deel Select; HIVE; Deel’s Overtime; Lander—insofar as they offer cross-border payments for freelancers; also Celo’s U.S.D. Wallet; Payoneer
