Top 50 FinTech Startup Investors in Saudi Arabia in October 2024
A list of 50 angel investors and VC (Venture Capital) funds that invest in Fintech startups based in Saudi arabia. We rank investors based on the number of investments they made in Fintech companies from Saudi arabia. We update this investor list every month.Top 50 FinTech Startup Investors in Saudi Arabia in October 2024
Impact 46 is an asset manager and advisor that specializes in alternative investment opportunities. The firm provides innovative investment products and services to local & international institutions, family groups, endowments, and high net worth investors.
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Investment focus
- E-Commerce, Financial Services, Predictive Analytics
- Seed, Series A, Funding Round
- Saudi Arabia, United Arab Emirates, Oman
Portfolio highlights
- Cognna — Simplify cybersecurity solutions management with COGNNA's comprehensive XDR platform for threat hunting and compromise assessment.
- DataLexing — DataLexing is an All-in-One Data-Driven productivity platform that brings Insights, Apps, Notifications, Forms, and Sheets together in one place.
- Al Matar Group — Al Matar Group provides individuals and businesses with technical travel solutions.
We partner with exceptional founders building breakthrough companies and creating scalable impact in MENA region
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Investment focus
- E-Commerce, Financial Services, Software
- Seed, Series A, Pre-Seed
- Saudi Arabia, United Arab Emirates, Egypt
Portfolio highlights
- Wafeq — Send invoices or purchase orders, manage your inventory and your payroll, and get over 30 reports to manage your company, all in one software.
- Buildnow — BuildNow is MENAP's first "Build Now Pay Later" solution. We fund the raw materials construction & manufacturing SMEs need, while providing credit terms tailored to optimize their cash flow and supercharge their growth.
- Simplified Financial Solutions Company — Simplified Financial Solutions Company offers startups and SMEs financial management solutions including the ability to issue virtual and physical corporate cards, manage spending and automate expense reporting.
Khwarizmi Ventures is a venture capital firm that seeks investments in startups with a passion for algorithms. It seeks to help create their vision, as they embark on a journey together that aligns their goals to improve quality of life using technology powered by algorithms.
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Investment focus
- E-Commerce, FinTech, Software
- Seed, Series A, Pre-Seed
- Saudi Arabia, Egypt, United Arab Emirates
Portfolio highlights
- Yalla Plus — Yalla Plus offers QR-based digital menu solutions for restaurants, featuring integrated payments and easy menu management.
- Bluworks.io — Bluworks.io is a HRTech SaaS platform offers cloud-based solutions.
- Simplified Financial Solutions Company — Simplified Financial Solutions Company offers startups and SMEs financial management solutions including the ability to issue virtual and physical corporate cards, manage spending and automate expense reporting.
Vision Ventures (VV) is an early stage venture capital firm founded by experienced entrepreneurs. Its slogan is:"By Entrepreneurs for Entrepreneurs". We invest in innovative startups in the Seed and Series A across a wide range of verticals. We help startups realize their dreams and make a difference in a noisy world. We are an energeticteam that has a wealth of experience in starting companies and steering them to success and hyper growth. Our combined experience spans over 90 years in multiple countries which gives us extensive experience in multi-national, multi-cultural teams. We provide startups with hands on assistance and guidance on marketing, sales, product/service development, financial planning and management, expansion & growth strategy, and more.
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Investment focus
- E-Commerce, Software, Information Technology
- Seed, Series A, Pre-Seed
- Saudi Arabia, United Arab Emirates, Egypt
Portfolio highlights
- Rewaa — Rewaa was founded to make penetrating through the e-commerce industry easier for retailers with minimal operational and marketing costs by solving two main aspects:Marketing aspect: Make in-store products available online. By using Rewaa Cashier System, any product in the physical store will be automatically listed in the online marketplaces andthe merchant's online store. Operational aspects: The integration between physical, online store and marketplace, eliminate the need of independent inventory for online store operations, and that will help to reduce employment cost, therefore, the physical store will be the shipping center, so whenever an order received by online store will be transferred automatically for the nearest branch from the customer. And eventually, the inventory will be automatically updated across all channels.
- Cognna — Simplify cybersecurity solutions management with COGNNA's comprehensive XDR platform for threat hunting and compromise assessment.
- Quantum Platform — Quantum | B2B platform to acquire new customers, use our marketing & consumer behavior analysis tools to reach your exact target audience right to their doorsteps!
Shorooq Partnersis the leading tech investor in the region, inspired by the best entrepreneurs, investors and practices from around the world.
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Investment focus
- Financial Services, E-Commerce, FinTech
- Seed, Series A, Pre-Seed
- United Arab Emirates, United States, Pakistan
Portfolio highlights
- Intelmatix — Intelligent Informatics Technologies Intelmatix is a deep tech AI company offering Enterprise AI that is accessible providing cutting-edge Decision Intelligence software that gives organizations a competitive advantage in the new AI era. LEARN MORE Capabilities Intelmatix develops technology platforms that integrate sector knowledge with expertise in data sensing, data processing, data analysis, data visualization and interaction.
- Settle Payments — SETTLE automates enterprise's payments and manages all their bank accounts in one place for better cashflow decisions.
- Zyp Technologies — Zyp Technologies produces electric motorcycles intended to accelerate a net-zero carbon emission world. The business provides consumers with electric vehicle models and a broadened battery swap network that makes the switch to electric motorcycles simple.
Merak Capital is a licensed company by the CMA to manage private investment funds, investor portfolios, and advise on financial securities, under the license number 18194-32, with a specialized focus on technology investments. Investments are done across different asset classes, with a primary focus on equities. In the private equity class, as wellas venture capital, the main regions of operation are KSA and MENA. In public equities, investments operate on global stock exchanges.At Merak Capital we focus on technology as the main driver for growth across the globe, and specifically in Saudi Arabia and the MENA region. We build our internal teams around technological research and understanding, staying at the forefront of breakthrough software and hardware, and finding investment opportunities that are aligned with adoption cycles from different sectors. Nowadays, most businesses and sectors are becoming digitized to stay relevant and compete with new entrants. Technological integration shifted from a luxury and a competitive advantage to a must-have for businesses and governments alike. Merak Capital is positioned to lead investments in this transition as well as unlock new markets and venues for growth, enabled by technological innovation and the entrepreneurial spirit.
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Investment focus
- Software, Supply Chain Management, Financial Services
- Seed, Series A, Private Equity
- Saudi Arabia, United States
Portfolio highlights
- Jisr HR — JisrHR is a Human resource management firm that offers HR solutions, time and attendance, reports, benefits and payroll services.
- SHIFT — Shift mission is to develop sustainable solutions and reshape the landscape in Saudi Arabia by offering a full suite of services.
- Yalla Plus — Yalla Plus offers QR-based digital menu solutions for restaurants, featuring integrated payments and easy menu management.
STV is a $500M technology venture capital fund headquartered in Riyadh, Saudi Arabia
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Investment focus
- Financial Services, E-Commerce, Predictive Analytics
- Series A, Series B, Seed
- Saudi Arabia, United Arab Emirates, United States
Portfolio highlights
- Salla — Salla a Saudi-based e-commerce platform that allows users to set up their e-commerce store in Arabic and sell their products and services to customers. In addition, users can set up their own branded store (with their own domain name) by selecting a design of their liking available on Salla. The owners of the e-commerce stores can then manage theirinventory by using Salla’s website or app. Salla provides different types of reports and tools that help store owners with automatic invoices, integration, Instagram, customer database, the ability to block customers, pin favorite products, have offers and discounts, and more.
- Intelmatix — Intelligent Informatics Technologies Intelmatix is a deep tech AI company offering Enterprise AI that is accessible providing cutting-edge Decision Intelligence software that gives organizations a competitive advantage in the new AI era. LEARN MORE Capabilities Intelmatix develops technology platforms that integrate sector knowledge with expertise in data sensing, data processing, data analysis, data visualization and interaction.
- Abyan Capital — Abyan Capital is a financial service company that provides an automated solution and portfolio management for long-term investments.
SEEDRA Ventures invests in companies from the very first stages of inception to Series-A and beyond, providing financing and hands-on development support.
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Investment focus
- Predictive Analytics, Financial Services, FinTech
- Seed, Pre-Seed, Series A
- Saudi Arabia, Egypt, United Arab Emirates
Portfolio highlights
- Omniful — Omniful offers a modular platform to replace legacy systems, simplifying supply chain, retail, and logistics management.
- Rize — Rize is a PropTech platform transforming rental payments for both residential and commercial properties. With its “Rent Now, Pay Later” service, Rize allows tenants to split their annual rent into manageable installments, which benefits both renters, who can better manage their rental budgets, and landlords, who can reach a larger consumer base andreceive their yearly rental payment in advance. By enhancing affordability and flexibility, Rize inherently boosts occupancy rates across the rental market.
- Simplified Financial Solutions Company — Simplified Financial Solutions Company offers startups and SMEs financial management solutions including the ability to issue virtual and physical corporate cards, manage spending and automate expense reporting.
Wa’ed Ventures is the venture capital arm of Saudi Aramco Entrepreneurship Center (Wa’ed), established by Saudi Aramco with the vision of igniting the spirit of entrepreneurship in the Kingdom of Saudi Arabia. Wa’ed has deployed a suite of programs over the years to assist entrepreneurs in establishing, enhancing, or expanding their ventures. Theseprograms comprise development and financial support including business incubation, coaching and training to guide and nurture entrepreneurs along different business stages, seed funding, non-collateral loans, venture capital (equity/debt) investment, and business development. These programs support the development of small- and medium-sized enterprises (SMEs) capable of localizing industries and diversifying the Kingdom’s economy. Wa’ed also collaborates and engages with key players in order to create an effective entrepreneurship ecosystem.Wa’ed aspires to provide leadership in promoting entrepreneurship to support economic growth, diversification, and social development in Saudi Arabia, in alignment with the Kingdom’s strategic thrust into moving towards a knowledge-based economy. The organization aims to turn innovative ideas into successful projects, create and support sustainable SMEs, and develop entrepreneurs into successful business owners.Wa’ed Ventures aims to fuel the growth of high potential companies, thereby promoting economic development in Saudi Arabia with job creation for Saudi nationals, technological improvement, knowledge transfer, economic diversification, and economic growth within the Kingdom. The firm focuses on seed, early, and growth-stage businesses across a diverse range of sectors including information and communication technology (ICT), energy, manufacturing, healthcare, and services – from mobile application platforms and technologies to industrial equipment manufacturing to advanced software solutions.
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Investment focus
- Information Technology, Software, Apps
- Series A, Seed, Funding Round
- Saudi Arabia, India, Luxembourg
Portfolio highlights
- ELEVATUS — Automate the entire recruitment cycle from creating job requisitions to onboarding new hires - with the #1 AI recruitment software.
- OQ TECHNOLOGY — OQ Technology's Satellite 5G IoT - The world's first global satellite 5G operator, that can collect data from more than 1000 sensors, and so providing cellular coverage for assets and machines anywherer in the world.
- MANAFA Capital — MANAFA is an online marketplace for investing equity into innovative, early-stage companies. It provides sophisticated investors free access to direct investment opportunities, diligence tools and industry data insights for an asset class that was previously very difficult to access. For entrepreneurs, MANAFA offers an efficient way to access anetwork of sophisticated investors as well as leading partners.
SVC has backed 31 VC and PE Funds and 5 Angel Groups that supported 525 Startups and SMEs via $1.6 Billion AUM
INVESTMENTS
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Investment focus
- E-Commerce, Predictive Analytics, Software
- Seed, Series A, Series B
- Saudi Arabia, Germany, United States
Portfolio highlights
- Tabby — tabby provides consumers across the GCC with the flexibility to pay for their online and in-store purchases in interest-free installments. tabby helps over 2,000 leading retailers grow their sales.
- BALLURH — A SaaS platform that provides predictive analytics with smart recommendations for Retailers to enhance decision-making, increase revenue and improve customer satisfaction.
- Intelmatix — Intelligent Informatics Technologies Intelmatix is a deep tech AI company offering Enterprise AI that is accessible providing cutting-edge Decision Intelligence software that gives organizations a competitive advantage in the new AI era. LEARN MORE Capabilities Intelmatix develops technology platforms that integrate sector knowledge with expertise in data sensing, data processing, data analysis, data visualization and interaction.
RZM Investments manages the shares of various companies that are in the field of health, education, hospitality, and tourism.
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Investment focus
- Software, E-Commerce, Predictive Analytics
- Seed, Series A, Pre-Seed
- Saudi Arabia, Egypt, United States
Portfolio highlights
- Athir — Athir Information Systems Technology offers a cloud-based Healthcare Information System for managing and automating medical services.
- BRKZ — BRKZ is a construction-tech company that provides a one-stop solution by selling building materials to contractors and builders.
- Abyan Capital — Abyan Capital is a financial service company that provides an automated solution and portfolio management for long-term investments.
VentureSouq operates a large co-investment platform with a global investment portfolio.
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Investment focus
- FinTech, Financial Services, Software
- Seed, Series A, Series B
- United States, United Arab Emirates, Saudi Arabia
Portfolio highlights
- Elevate Pay — Bloom mobile banking app helps in money transfer in Sudan.
- LayerPixel — LayerPixel uses a modular design to overcome TON's asynchronous limitations and leverage its sharding benefits.
- PostEx — PostEx is a hybrid of receivables factoring solutions and courier services that pay invoice values upfront to e-commerce companies offering Cash on Delivery as one of their modes of payment.
Elm offer a wide range of ready-made and customized digital solutions in many areas. The company provides products that are seemingly tailored to customers' needs and aspirations.
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Investment focus
- Artificial Intelligence, E-Commerce, SaaS
- Series A, Seed, Series B
- Saudi Arabia, India, Nigeria
Portfolio highlights
- Reachware — Reachware is the top IPaaS in the Middle East, connecting systems for a unified ecosystem. Trusted by global enterprises. Learn more.
- Syarah — Syarah is an online cars marketplaces.
- Youverify — Youverify helps businesses and individuals confirm identity and physical addresses. Using AI, Youverify confirms a user’s identity document and compares it with their facial biometrics. This information can be cross-checked against more than 300 databases locally and globally.Youverify in partnership with over 20,000 field verification officersverifies physical addresses all over Sub-Sahara Africa in less than 48 hours.Youverify fills the gap in Africa's digital industry by providing one API for identity and physical address verification.
Derayah Venture Capital is a Venture Capital Fund That Invests in High Growth Startups across the MENA region.
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Investment focus
- Predictive Analytics, Financial Services, FinTech
- Seed, Series A, Series B
- Saudi Arabia, United Arab Emirates
Portfolio highlights
- Eat App — Powerful restaurant reservation and guest management system. Flexible enough to use at both small and large restaurants. Sign up today. It's free!
- Rewaa — Rewaa was founded to make penetrating through the e-commerce industry easier for retailers with minimal operational and marketing costs by solving two main aspects:Marketing aspect: Make in-store products available online. By using Rewaa Cashier System, any product in the physical store will be automatically listed in the online marketplaces andthe merchant's online store. Operational aspects: The integration between physical, online store and marketplace, eliminate the need of independent inventory for online store operations, and that will help to reduce employment cost, therefore, the physical store will be the shipping center, so whenever an order received by online store will be transferred automatically for the nearest branch from the customer. And eventually, the inventory will be automatically updated across all channels.
- Sanad Cash — faster reconciliation and books closing
GP. Ex-Entrepreneur. Ex-Computer Engineer. Angel Investor. BoD. Ex-CCO & CFO @trySaryApp
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Investment focus
- Financial Services, FinTech, Software
- Seed, Pre-Seed, Series A
- United States, Saudi Arabia, United Arab Emirates
Portfolio highlights
- Pluto (getpluto.com) — Unlimited corporate cards with spend controls, petty cash management and automated receipt collection built for businesses in MENA (UAE, Saudi Arabia & more).
- Funding Souq — Funding Souq connects established SMEs with worldwide investors for sharia-compliant investments with 15% yearly income through small business debt crowdfunding.
- Groundfloor — Building the infrastructure for IRL community
We build successful and sustainable enterprises from the ground up by capitalizing on our expertise, resources and network.We carefully select, validate and launch bold ideas that are then turned into full-fledged spun-off businesses. While every successful venture is different, there is one thing, that connects all of them – right timing.Timeis the key and the most important resource for every enterprise. That’s why we designed our own venture building process that allows fast delivery. We use our own expertise and vast network of resources to create business plans, develop the products, launch them on the market, and grow them. - Generate our own VenturesWe build startups that solve problems through an inhouse continuous, dynamic and selective ideation process. We secure financing to make sure our ventures can grow without barriers.- Build Ventures With PartnersWith our robust ecosystem we partner up with external entrepreneurs and other companies that have amazing ideas we can help them develop into successful and sustainable businesses.
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Investment focus
- Apps, Mobile Apps, Industrial Automation
- Seed, Pre-Seed
- Saudi Arabia
Portfolio highlights
- Tygo — Tygo is the telecommunications services and marketing platform.
- Conix.ai — CONIX.AI is an AI platform (SaaS) created to offer fully complete solutions for the architectural designing of residential and commercial properties. The cloud-based SaaS platform is accessible from anywhere worldwide and can provide detailed 2D plans, 3D plans, Facades, working drawings (electricity & water), utility data, sustainabilityadvice and more for construction planning.By accessing CONIX.AI, real estate companies will have at their fingertips in few minutes different iterations of architectural designs for their new construction projects previously impossible to attain without significant investments into architectural firms and wouldn't be delivered in less than 4-6 weeks. This level of visualisation will allow companies a time-conscious suite of tools that can allow them to build faster, build smarter, build greener!https://youtu.be/bskgguh3U-A
- AtarCloud — AtarCloud is a mobile app featuring financial management, leasing, service management, HOA and user management, and marketing. In addition to providing a multi-platform, multi-interface system, the company assists all stakeholders in an intuitive manner by providing a multi-platform, multi-interface system that caters to the needs of allstakeholders involved in the property sector.
Technology VC that empowers GCC’s startups in their early-growth stages.
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Investment focus
- FinTech, Software, Financial Services
- Seed, Series A, Pre-Seed
- United Arab Emirates, Saudi Arabia, Egypt
Portfolio highlights
- Kaso — Elkaso is the leading Order and Procurement Management Tool for Restaurants and Suppliers in the Middle East.
- Omniful — Omniful offers a modular platform to replace legacy systems, simplifying supply chain, retail, and logistics management.
- Rize — Rize is a PropTech platform transforming rental payments for both residential and commercial properties. With its “Rent Now, Pay Later” service, Rize allows tenants to split their annual rent into manageable installments, which benefits both renters, who can better manage their rental budgets, and landlords, who can reach a larger consumer base andreceive their yearly rental payment in advance. By enhancing affordability and flexibility, Rize inherently boosts occupancy rates across the rental market.
We back global-minded, growth-stage and technology-focused founders in emerging markets and the world.
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Investment focus
- Health Care, FinTech, Financial Services
- Seed, Series A, Series B
- United Arab Emirates, Egypt, United States
Portfolio highlights
- Iyris — Iyris Advanced Desert Greenhouses is the Middle East's premier agriculture glazing specialist, providing tailored solutions for increased desert crop output. iyris collaborates closely with the glass industry's greatest companies to provide ultra-clear glazing with the most advanced anti-reflective and light diffusive coatings.
- Hakbah — Hakbah is a Fintech startup focusing on an alternative financial saving. Hakbah is modernizing financial saving via its intelligent platform by offering a comprehensive one-stop-shop solution for Savings Groups to initiate, manage, join, and pay directly within the mobile app.
- Maalexi — We are a deal-driven and buyer-focussed digital ecosystem for 'Wholesale Import and Finance of Food and Agriculture products into US, Europe, Africa, India and the UAE'. We make it faster, cheaper and safer to trade internationally, by standardizing and digitalizing trade processes, and have built key partnerships with globally renownedcompanies, that assure performance, finance, and mitigate transactional risks.We help local SME manufacturers and distributors to import and get finance for food and agricultural products directly from the source. Agricultural products can be imported by local manufacturers directly from small and medium co-operatives and processors, while food products can be imported directly by local distributors from manufacturers. We help buyers connect and transact with sellers by mitigating transactional risks in cross-border trade like : Counter-party, Price, Product Quality and Quantity, Delivery and Payment. We have partnerships that allow us to provide - digital contracting, end-to-end fulfillment, physical inspections, and secured payments. We are partnered with globally renowned - Distributed Ledger Technology platform, Logistics Service companies, Insurance providers, an Inspection Agency, and Financial Service fin-tech firms. We work 24x7, 365 days to 'simplify cross-border trade', and we invite you to join us in this endeavor.
Backing outlier founders in MENA & the US at the earliest stages
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Investment focus
- E-Commerce, Information Technology, Predictive Analytics
- Seed, Series A, Pre-Seed
- Egypt, Saudi Arabia, United States
Portfolio highlights
- Soum — Soum is reimagining recommence in the MENA region and beyond by building the most convenient, trustworthy, and transparent recommence marketplace, starting with consumer electronics in Saudi Arabia.
- Amwal Tech — The fastest and most secure way to accept payments online
- Penny Software — Simple. Spending. Software.As above. But, more specifically, penny is a cloud-based Procure-To-Pay system. penny helps you digitize and manage your full procurement cycle from request to approval. Manage RFQs to vendors, compare quotations, send POs and even payment. penny was designed to make things easy and consolidate all of yourorganization’s spending needs into one intelligent system
Wealth Well is an investment and wealth management firm that manages assets across real estate, private equity, and venture capital.
The Riyadh, Riyadh-based firm was founded in 2015.
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Investment focus
- FinTech, Financial Services, Information Technology
- Seed, Pre-Seed, Series A
- United Arab Emirates, Saudi Arabia, Egypt
Portfolio highlights
- Klaim — Klaim is an InsureTech platform offering a SaaS medical claim management and financing platform all in one. They provide them with total visibility on their revenue cycle, increase their revenue through reduced claim processing time and errors, and faster payments.
- RemotePass — RemotePass makes it easy to hire, onboard & pay your global team in full compliance, giving you everything you need to support them
- Mala'a Technologies — Make better financial decisions with Malaa. Manage your financials, track your expenses, take a loan or invest your money all from one app. Connect you bank accounts and start today
Nama Ventures is a seed stage venture capital fund focused on fueling innovation in the MENA region, particularly in Saudi Arabia. ama Ventures is built upon the fundamental idea of enabling entrepreneurs to succeed. And as founders of Nama, we are thrilled to finally have the platform to implement this idea. Our hope is that entrepreneurs willingto partner with us will see and feel our value-add approach to investing.
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Investment focus
- E-Commerce, Marketplace, Information Technology
- Pre-Seed, Seed, Funding Round
- Saudi Arabia, Egypt, United Arab Emirates
Portfolio highlights
- PIESHIP — Pieship is a logistics startup serving last mile and their customers using Ai and crowdsourcing.
- iStoria — iStoria, a specialized EdTech app that helps people improve their English language through reading interesting stories
- Rize — Rize is a PropTech platform transforming rental payments for both residential and commercial properties. With its “Rent Now, Pay Later” service, Rize allows tenants to split their annual rent into manageable installments, which benefits both renters, who can better manage their rental budgets, and landlords, who can reach a larger consumer base andreceive their yearly rental payment in advance. By enhancing affordability and flexibility, Rize inherently boosts occupancy rates across the rental market.
Mad’a Investment Company is a Private Equity firm headquartered in Riyadh, Saudi Arabia and a wholly owned subsidiary of Abdul Aziz Al Othaim & Sons Holding Company (ASO&SONS). We aim to assist businesses to reach their true potential by unlocking values which otherwise could not have been realized. We strive to create exceptional value tobusinesses through our team of investment and operating professionals working collaboratively with the management of our portfolio companies. We, as a Saudi Company, are committed to contributing to the Kingdom of Saudi Arabia and our Investment Strategy is aligned with the Vision 2030.
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Investment focus
- FinTech, Financial Services, E-Commerce
- Seed, Funding Round, Pre-Seed
- United Arab Emirates, Saudi Arabia, Kuwait
Portfolio highlights
- Teeela — Teeela is the GCC’s fastest growing and most innovative gifting platform, built to provide families with the easiest, quickest and most personalized gifting and toy buying experience
- RedBox — RedBox ships online products to the nearest smart locker for faster delivery and easy access.
- SmartCrowd — Invest in real estate and start generating a passive income with the region's first DFSA regulated real estate crowdfunding platform | Regulated by DFSA
Founded in 2012, BECO Capital pioneers early-stage venture capital firms, focusing on MENA and beyond. It proudly partners with regional success stories like Careem, Kitopi, SWVL, PropertyFinder, MaxAB, Tribal, and others, shaping the tech landscape
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Investment focus
- E-Commerce, Financial Services, Information Technology
- Seed, Series A, Series B
- United Arab Emirates, United States, Egypt
Portfolio highlights
- MaxAB — The Region's Leading Retailer Super App At MaxAB, we change how the supply chain works through our B2B food & grocery e-commerce platform At MaxAB, we change how the supply chain works through our B2B food
- BRKZ — BRKZ is a construction-tech company that provides a one-stop solution by selling building materials to contractors and builders.
- Keyper — Keyper simplifies real estate management for property owners, tenants, and partners. Manage portfolios, get market insights, apply for rent with flexible payment options, and explore partnership opportunities to earn passive income. Join Keyper today!
Arzan Venture Capital (Arzan VC) is a Kuwait-born VC firm that has been investing in startups with a MENA angle since 2014, making it one of the earliest VC firms in the region. Arzan VC's portfolio includes 30+ startups. The firm invests in young, fast-growing and innovative tech teams and it remains committed to building long-lastingrelationships with the region’s most talented entrepreneurs at an early stage.
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Investment focus
- Software, E-Commerce, SaaS
- Seed, Series A, Series B
- United Arab Emirates, Egypt, Saudi Arabia
Portfolio highlights
- Hulexo — UAE's leading ERP software for retail businesses. Integrated data, accurate info, real-time insights.
- Gameball — Gameball is a one-stop platform to market your products and keep your customers engaged, leading to boosted conversion and increased RoI with a data-driven success strategy.
- Money Fellows — MoneyFellows digitizes the ROSCA model, enabling group lending and savings.
Aditum Ventures invests in early-stage FinTech and B2B software companies across the MENA Region.
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Investment focus
- FinTech, Information Technology, Financial Services
- Seed, Series A, Pre-Seed
- United Arab Emirates, United States, Egypt
Portfolio highlights
- Ogram — Ogram provides temporary and part-time staffing solutions for business that are looking to grow and improve their workflow. Hire Waiters, Runners, Kitchen Staff, Retail Staff, Warehouse Staff, E-Pickers and more.
- Hakbah — Hakbah is a Fintech startup focusing on an alternative financial saving. Hakbah is modernizing financial saving via its intelligent platform by offering a comprehensive one-stop-shop solution for Savings Groups to initiate, manage, join, and pay directly within the mobile app.
- Fundbot — Fundbot is a solution for lenders that helps them digitize invoice financing, supply chain financing, and other financial services. It is a cash flow optimization tool and a financing marketplace for SMEs.The invoices are synchronized in the accounting system. It offers a digital CFO that analyses payables and receivables in real-time and offers tofinance. It provides financial recommendations based on the business’s needs.
Wa’ed Ventures is a $500 million venture capital fund with the aim to accelerate the development of an integrated startup ecosystem by investing in local tech-based startups and incentivizing global entrepreneurs to localize their tech innovations in the Kingdom.
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Investment focus
- E-Commerce, B2B, Mobile Apps
- Funding Round, Seed, Series A
- United Arab Emirates, Saudi Arabia, Kuwait
Portfolio highlights
- Athir — Athir Information Systems Technology offers a cloud-based Healthcare Information System for managing and automating medical services.
- Abyan Capital — Abyan Capital is a financial service company that provides an automated solution and portfolio management for long-term investments.
- Stake — Thousands of investors worldwide use Stake to access income-generating real estate deals in high-growth markets, starting from just AED 500.
A group of young entrepreneurs to connect young people with ideas.
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Investment focus
- E-Commerce, Information Technology, Marketplace
- Seed, Pre-Seed, Series A
- Saudi Arabia, United Arab Emirates, Egypt
Portfolio highlights
- AlGooru — AlGooru is a tutoring network marketplace that connects students with qualified tutors on a mobile app. Our mobile app uberizes the tutoring market. Students can find reliable tutors, and tutors can manage their sessions/price their own rates.
- Letswork — Work, meet and connect from the best coworking spaces, cafes and hotels across the UAE and Bahrain. Buy a membership, book meeting rooms or rent an office via the Letswork app.
- Otida — Otida is an app that acts as a nutritionist, a fitness coach and physician, among other roles, for patients with diabetes who struggle while navigating through their day-to-day lives.
A radical investment platform reshaping the relationship between founders and capital.
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Investment focus
- E-Commerce, Financial Services, FinTech
- Seed, Pre-Seed, Series A
- United Arab Emirates, Egypt, Saudi Arabia
Portfolio highlights
- Usersdot — Usersdot uses data science and AI solutions to improve customer experience, increase operational efficiency and maximize sales performance
- Bundle Kitchen — Bundle Kitchen App for Members Exclusive to the Campaign, Take Advantage of Benefits and Place an Order. Please submit.
- Mascotte Health — Supercharge your practice with a strong operational team and state-of-the-art technology.
Sukna ventures is a venture studio and fund based in Saudi Arabia.
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Investment focus
- Financial Services, FinTech, Information Technology
- Seed, Funding Round, Series A
- Saudi Arabia, United States, United Arab Emirates
Portfolio highlights
- Marn.io — Marn is an hourly work solutions platform connecting Saudi businesses with thousands of Saudi job seekers in Retail, hospitality, F&B, and Hajj industries. As one of the first Saudi on-demand hourly staffing platform, Marn has had the trust of hundreds of well-known brands and hundred thousands of job seekers. Marn enables businesses to hirehourly staff to manage customers during peak hours and high seasons. All employees are fully vetted through interviews and tests that are prerequisites for joining the platform. Brands using Marn for recruiting save time and effort by letting our technology manage interviews, training, placement, shift scheduling, worker payments, performance reports, and task evaluation. Marn offers other services such as mystery shopper for hotels and retail, and sports events management.Learn more at Marn.io
- MoneyHash — MoneyHash provides access to payment and fintech services across the Middle East & Africa with one simple integration.
- Hefring Marine — Hefring Marine's on-board AI saves fuel consumption, significantly reduces carbon emissions and improves safety in boats and vessels through our real time sea navigation guidance for both manned and unmanned vessels.
Abdulla Elyas is the Co-Founder of Careem. He previously worked at enwani (Acquired by Careem) as a Co-Founder. Abdulla Elyas attended RWTH Aachen University.
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Investment focus
- SaaS, Credit, EdTech
- Seed, Series A, Debt Financing
- Saudi Arabia
Portfolio highlights
- Pemo — Pemo is an all-in-one spend management solution that empowers your business by packing every company invoice, expense, approval and spending decision into one powerful platform.Our offering includes smart corporate cards, invoice payment systems and expense tracking functions. These are supported by automated approval flows, direct accountingintegration and real-time reporting - features that allow business owners to save time, save money, automate admin and every expense so you can get on with what you do best - building great businesses.
- Buildnow — BuildNow is MENAP's first "Build Now Pay Later" solution. We fund the raw materials construction & manufacturing SMEs need, while providing credit terms tailored to optimize their cash flow and supercharge their growth.
- Noon - The Social Learning Platform — Why Study Alone Again? Start study groups with your friends and access the best teachers on demand!
Elm
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Investment focus
- E-Commerce, Internet, SMS
- Series A, Seed, Series B
- Saudi Arabia
Portfolio highlights
- Zid زد — Zid is an e-commerce in a box - solution that any retailer can use to start their eRetail. Zid helps them to build their own eStores (with their own name and identity) and integrates them with the supply chain players to enable them to manage and with ease. The company aims to enable the retail sector to enter the world of electronic retail in aneasy and professional.Zid was founded in 2017 and based in Riyadh, Ar Riyad, Saudi Arabia.
- Cura — Cura Healthcare is a Saudi leading telehealth provider that provides digital health and telemedicine software and services. The company has developed state-of-the-art technologies to empower health communications, changing the way patients and doctors interact, diagnose, prescribe, give second opinions, manage chronic diseases, and provide primaryhealth care and well-being therapy sessions. For more information: https://cura.healthcare/en/
- Syarah — Syarah is an online cars marketplaces.
500 Falcons is the MENA-focused fund that is a part of the global 500 Startups network.
500 Startups is the most active global early-stage VC fund and startup accelerator focusing on discovering and backing the most talented founders worldwide.
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Investment focus
- FinTech, Finance, Internet
- Pre-Seed, Seed
- Saudi Arabia, United States
Portfolio highlights
- AlgoPay — AlgoPay is the payment bridge between companies and their consumers in cash economies.
- Tamawal — Tamawal® is an innovative fintech platform that works as an aggregator for the financial sector to link finance requesters with banks and financial institutions as a Digital Financing Broker (DFB).
- Syarah — Syarah is an online cars marketplaces.
Riyad Bank SJSC is a Saudi Arabia-based bank that provides banking and investment services. The Bank offers its services through four segments: the Retail segment covers deposit, credit and investment products for individuals and small to medium sized businesses; the Investment banking and brokerage segment provides investment management servicesand asset management activities related to dealing, managing, arranging, advising and custody of securities; the Corporate segment handles corporate customers’ current accounts and deposits, and provides loans, overdrafts and other credit facilities and derivative, the Treasury and Investments segment provides money market trading and treasury services, as well as the management of the Bank’s investment portfolios. The Bank also provides Islamic banking products to its customers.
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Investment focus
- Banking, FinTech, Lending
- Series A
- Saudi Arabia
Portfolio highlights
- Forus Financial — Invest in Debt and Alternative Assets.
Al Yusr provides financing services. Al Yusr invests in developing human resources to maintain its position high on the list of the financing companies.
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Investment focus
- FinTech, Peer to Peer
- Seed
- Saudi Arabia
Portfolio highlights
- Raqamyah Platform — With a quick application and fast decision, you can stay focused on your business while we focus on your financed amount. Taking your business to the next level has never been easier.
We help the daring build legendary companies.
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Investment focus
- Software, Financial Services, E-Commerce
- Series A, Series B, Seed
- India, United States, Singapore
Portfolio highlights
- Aampe — AI-driven CRM Marketing Automation. Create personalized, omni-channel customer experiences that increase customer engagement and retention.
- Grapevine — A platform for honest Salary and Career Discussions - Join 50K+ members from top tech companies and startups on Grapevine
- Neo Asset Management — India's Premier New Age Asset Management and Financial Advisory Firm #neogroup #DoGood
Majalis Investment invests in sectors that include many national competencies, and its main headquarters are in Riyadh.
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Investment focus
- FinTech, Financial Services
- Seed
- Saudi Arabia
Portfolio highlights
- Rabeh — Rabeh provides financial technology and investment data analysis using artificial intelligence to support investment decision-making.
Fadeed Investment operates as an investment firm.
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Investment focus
- FinTech, Peer to Peer
- Seed
- Saudi Arabia
Portfolio highlights
- Raqamyah Platform — With a quick application and fast decision, you can stay focused on your business while we focus on your financed amount. Taking your business to the next level has never been easier.
Yazeed Al-Rajhi and Brothers Holding Company invests mainly in the food and beverage sector with more focus on restaurants.
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Investment focus
- Banking, FinTech, Lending
- Series A
- Saudi Arabia
Portfolio highlights
- Forus Financial — Invest in Debt and Alternative Assets.
Mine is an investment firm.
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Investment focus
- Apps, Sales, Payments
- Seed
- Saudi Arabia
Portfolio highlights
- CashIn — CashIn is an enablement app that supports smart devices to facilitate merchants by managing their sales, payments and other operations.
Yasser Al-Ghamdi
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Investment focus
- FinTech, Automotive
- Angel, Pre-Seed
- Saudi Arabia
Portfolio highlights
- Nqoodlet — NQOODLET is an electronic platform targeting SMEs to manage their expenses, purchases through the credit cards given to the employees.
- Garage — Garage provides on-demand car maintenance services, enabling customers to book these services through its mobile app and receive them at their doorstep.
Le Augure Holding Group is a privately owned, diversified investment group based in the Kingdom of Saudi Arabia (KSA) with investments in the Middle East, India, Europe and USA.
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Investment focus
- FinTech, Predictive Analytics
- Seed
- Saudi Arabia
Portfolio highlights
- Mthmr — Mthmr: Empowering Brands and Financial Institutions with Data-Driven Marketing Solutions
Early Stage Venture Capital
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Investment focus
- FinTech, Payments, Financial Services
- Seed, Pre-Seed
- Egypt, United States, United Arab Emirates
Portfolio highlights
- Dapi — Dapi is a fintech API play that is aimed at facilitating payments between consumer bank accounts and companies. That Dapi has managed to make its service work in seven countries with deep bank support is impressive and Dapi has found demand for its service, with $400,000 in ARR and growth of more than 50% per month as of its presentation.
- Subsbase — Discover the future of recurring revenue management with Subsbase. Streamline your operations, boost growth, and elevate customer experiences with our cutting-edge platform.
- Simplified Financial Solutions Company — Simplified Financial Solutions Company offers startups and SMEs financial management solutions including the ability to issue virtual and physical corporate cards, manage spending and automate expense reporting.
Dahran Trading Group is a diverse investment holding firm that invests in industries ranging from food and beverages to maintenance and design.
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Investment focus
- FinTech, Predictive Analytics
- Seed
- Saudi Arabia
Portfolio highlights
- Mthmr — Mthmr: Empowering Brands and Financial Institutions with Data-Driven Marketing Solutions
Invest in High-Growth Startups
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Investment focus
- Artificial Intelligence, Software, Health Care
- Seed, Pre-Seed, Series A
- United Kingdom, United States, Canada
Portfolio highlights
- HealthKey — HealthKey is a platform that connects employers and insurers with health providers.
- ThinkSono — ThinkSono is a company at the cutting edge of medicine and technology.
- Niyyah — The goal of Niyyah is to give consumers a guided approach to comprehending the Quran in a way that is understandable, significant, and useful. With its short material, tailored suggestions, and gamified elements like leaderboards and prizes, it fits in easily with its users' everyday routines and gives them insight into the Quran'steachings and practical application of faith.
We believe ambitious builders turn great ideas into great companies. We invest in founders, teams, and startups that share this mindset.
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Investment focus
- Software, Financial Services, FinTech
- Series A, Seed, Series B
- United States, Brazil, France
Portfolio highlights
- Induced AI — Induced is an AI-native browser RPA platform that lets users combine browsing and web tools, along with smart reasoning and memory, to automate enterprise workflows of all kinds.
- Sparx — Our risk experts guarantee no-compromise business insurance: fast, comprehensive, and at the best rate across our 150 partner carriers.
- Wraithwatch — Wraithwatch is building the next generation of cyber defense for the United States and its allies.
Wamda Capital is the MENA region's leading venture capital firm investing in exceptional entrepreneurs building the region's most promising high growth technology businesses. We invest both at the growth and seed stages with the aim of taking portfolio companies through successive rounds of financing through to exit.
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Investment focus
- E-Commerce, Internet, Financial Services
- Seed, Series A, Series B
- United Arab Emirates, Jordan, Turkey
Portfolio highlights
- BitOasis — BitOasis is MENA's leading platform that allows you to securely buy, sell and trade crypto assets like Bitcoin, Ether, XRP and Bitcoin Cash at the best rates. Currently available in UAE, KSA, Bahrain, Kuwait, Oman, Jordan, Egypt and Morocco.
- Believe — Believe Pte Ltd. is a global, Singapore-based FMCG conglomerate that provides market-ready solutions for customers by listening to their needs and designing products that suit their culture and life choices. From breakthrough personal care essentials to beauty products surpassing global standards, our worldwide team of experts use cutting-edgetechnology, scientifically proven methodologies and ancient knowledge to gift our customers
- Wafeq وافق — Send invoices or purchase orders, manage your inventory and your payroll, and get over 30 reports to manage your company, all in one software.
INTEGRATED NETWORKS CO. LTD. “INET” is a private organization founded in 2001 by a group of prominent Saudi investors, with an aim to provide unique blend of system integration using top-of-the-line products, revolutionary technology and proven expertise & experience.Authorized service provider licensed by Saudi Arabian Monetary Agency forproviding Payment Solutions, including; Point-of-Sales connectivity & management, ecommerce and Loyalty Solutions.Authorized Service Provider licensed by Communication and Information Technology Commission for providing Internet Services as well as network operation services.
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Investment focus
- FinTech, Mobile, Internet
- Seed, Series A
- United Arab Emirates, Saudi Arabia
Portfolio highlights
- Enhance Ventures — Enhance is already live in 7 countries and can rapidly develop vertical marketplaces across Middle East, North Africa, Pakistan and Turkey with a higher chance of success.
- Magnitt — Magnitt is a startup directory that connects investors, mentors, and emerging companies in the Middle East. The discovery platform is a database with over 5,500 MENA startups and over 200 investors.
- Joi Gifts — Joi Gifts is the best online gift shop for any occasion. Send flowers, cakes, and more with same-day delivery in KSA, UAE, Jordan, Egypt and Middle East.
Focusing exclusively on venture capital, value creation and growth equity, KBW Ventures is an asset management company that targets direct investments in some of the world's most highly sought-after private companies.
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Investment focus
- Food and Beverage, Food Processing, Biotechnology
- Seed, Series A, Pre-Seed
- United States, Singapore, France
Portfolio highlights
- Black Sheep Foods — Black Sheep Foods seeks to be the world leader in plant-based lamb and other wild and heritage meats.
- Rebellyous Foods — Rebellyous Foods makes crispy, juicy, 100% plant-based nuggets. Your guests will love the taste. Your team will love the simplicity. Get Rebellyous with us!
- Simplified Financial Solutions Company — Simplified Financial Solutions Company offers startups and SMEs financial management solutions including the ability to issue virtual and physical corporate cards, manage spending and automate expense reporting.
Jameel Investment Management Company is an investment firm.
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Investment focus
- Financial Services, Software, Finance
- Seed, Series B, Series A
- Egypt, Saudi Arabia, United States
Portfolio highlights
- Lean Technologies — Lean provides the Data and Payments tools to empower MENA's next generation of financial products | Trusted by Etisalat, Hubpay, Lulu Finance, Binance, Sarwa and more.
- Thndr — Thndr is a financial services company that operates an app-based investment platform.It comes with 0% commission, no account minimum, access to market data, easy account setup, and funding processes. Users can also get access to the latest news, market data, and other educational tools. Seif Amr established the company in 2020 in Cairo, AlQahirah, Egypt.
- Ollang — Ollang provides cutting-edge AI dubbing, accurate subtitle translations, and closed captions services to enhance your multimedia content. Experience superior quality dubbing that brings your videos to life. Explore our services today!
Saudi technology investment company established in 2005. We invest in growth stage tech startups in Saudi Arabia & Middle East North Africa (MENA) region
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Investment focus
- E-Commerce, Software, Predictive Analytics
- Series A, Funding Round, Seed
- United Arab Emirates, Saudi Arabia, Jordan
Portfolio highlights
- Merit Incentives — Merit Incentives provides gifts, rewards, and engagement strategies using innovative technologies in the MENA region.
- Quantum Platform — Quantum | B2B platform to acquire new customers, use our marketing & consumer behavior analysis tools to reach your exact target audience right to their doorsteps!
- Simplified Financial Solutions Company — Simplified Financial Solutions Company offers startups and SMEs financial management solutions including the ability to issue virtual and physical corporate cards, manage spending and automate expense reporting.
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