Arzan Venture Capital

Based in Saudi Arabia, Nearpay is a fintech company dedicated to simplifying merchant payments. They develop innovative payment infrastructure solutions tailored for banks, payment providers, and SaaS startups.

Zid is a cloud-based multi-channel commerce platform tailored for small and medium-sized businesses in Saudi Arabia. Founded in 2017 and headquartered in Riyadh, Zid enables merchants to create their own branded eStores while integrating with various supply chain players. The platform offers a comprehensive suite of tools that allow users to manage products and inventory, process orders and payments, ship products, and build customer relationships. It also provides analytics and reporting features, facilitating data-driven decision-making, and offers access to financing options. Zid's mission is to simplify the entry of retailers into electronic commerce, making it accessible and professional for businesses in the region.

Based in Saudi Arabia, Nearpay is a fintech company dedicated to simplifying merchant payments. They develop innovative payment infrastructure solutions tailored for banks, payment providers, and SaaS startups.

Retailo is an online B2B marketplace focused on digitizing the retail supply chain in the MENAP region. Founded in July 2020 by former Careem executives, the company is headquartered in Riyadh, Saudi Arabia. Retailo has rapidly emerged as a leading startup, serving over 35,000 active retailers who can access more than 2,000 stock-keeping units (SKUs) through its app, with deliveries made within 24 hours of order placement. The company operates multiple warehouses across various cities in the MENAP region, managing a vast inventory from hundreds of brands, including direct partners. With a workforce of over 500 employees, Retailo processes tens of thousands of orders each month. Its mission is to simplify retail operations and enhance supply chain accessibility, aiming to unlock the earning potential of 10 million small and medium-sized enterprise retailers across the region and contribute to the overall economic growth.

Merit Incentives delivers gifts, rewards, and engagement solutions powered by innovative technologies for organizations in the Middle East and North Africa. The company provides a customer and employee engagement platform that aims to boost customer engagement and workforce motivation by enabling loyalty programs, sales incentives, and rewards fulfillment. Its offering covers program design, engagement strategy, and ongoing management to help clients strengthen relationships, improve retention, and attract new customers.

Fatura is a technology platform established in 2019 that aims to transform the fast-moving consumer goods (FMCG) industry in Egypt and Africa. It serves as a digital solution connecting FMCG manufacturers and wholesalers directly with retailers, streamlining the traditional trade cycle. By digitizing the ordering process, Fatura addresses significant challenges faced by retailers, such as supply-side inefficiencies and access to market intelligence. The platform enables retailers to make on-credit purchases, thereby improving their working capital. Additionally, Fatura employs advanced data analytics and artificial intelligence to assess the creditworthiness of retailers within its network, enhancing financial decision-making for both retailers and wholesalers. With notable traction in Cairo and Giza, Fatura is positioned to become a leading player in the FMCG technology landscape across the region.

Retailo is an online B2B marketplace focused on digitizing the retail supply chain in the MENAP region. Founded in July 2020 by former Careem executives, the company is headquartered in Riyadh, Saudi Arabia. Retailo has rapidly emerged as a leading startup, serving over 35,000 active retailers who can access more than 2,000 stock-keeping units (SKUs) through its app, with deliveries made within 24 hours of order placement. The company operates multiple warehouses across various cities in the MENAP region, managing a vast inventory from hundreds of brands, including direct partners. With a workforce of over 500 employees, Retailo processes tens of thousands of orders each month. Its mission is to simplify retail operations and enhance supply chain accessibility, aiming to unlock the earning potential of 10 million small and medium-sized enterprise retailers across the region and contribute to the overall economic growth.

Zid is a cloud-based multi-channel commerce platform tailored for small and medium-sized businesses in Saudi Arabia. Founded in 2017 and headquartered in Riyadh, Zid enables merchants to create their own branded eStores while integrating with various supply chain players. The platform offers a comprehensive suite of tools that allow users to manage products and inventory, process orders and payments, ship products, and build customer relationships. It also provides analytics and reporting features, facilitating data-driven decision-making, and offers access to financing options. Zid's mission is to simplify the entry of retailers into electronic commerce, making it accessible and professional for businesses in the region.

Cartlow operates an online marketplace for shopping, specializing in the sale of refurbished, open-box, and certified goods. Its product categories include electronics, appliances, fashion, books, games, and accessories. Founded in 2019, Cartlow is headquartered in Dubai, United Arab Emirates.

iKcon is a Dubai-based operator of cloud kitchens that procures, cooks, and delivers food on behalf of restaurants and brand owners. Founded in 2019, it runs a network of smart satellite and central kitchens in prime locations to extend the reach of F&B brands in the MENA region. The company's modern kitchens are equipped with the latest technology and staffed by trained chefs and customer service teams, supported by procurement and storage facilities, central production units, and service centers. By leveraging its tech-enabled delivery platform and scalable kitchen infrastructure, iKcon enables existing chains and brands to launch new concepts, manage time more efficiently, build customer relationships, and expand market presence.

Zid is a cloud-based multi-channel commerce platform tailored for small and medium-sized businesses in Saudi Arabia. Founded in 2017 and headquartered in Riyadh, Zid enables merchants to create their own branded eStores while integrating with various supply chain players. The platform offers a comprehensive suite of tools that allow users to manage products and inventory, process orders and payments, ship products, and build customer relationships. It also provides analytics and reporting features, facilitating data-driven decision-making, and offers access to financing options. Zid's mission is to simplify the entry of retailers into electronic commerce, making it accessible and professional for businesses in the region.

Inagrab, Inc. is a company that specializes in providing an online data analysis platform tailored for online retailers. Founded in 2017 and based in Lewes, Delaware, Inagrab offers a comprehensive dashboard that allows users to track sales performance, access valuable data insights, and generate leads. The company’s core product, Dalooni, connects businesses with a sales force comprised of individuals who are not formally employed, particularly targeting unemployed youth in the MENA region. This platform not only facilitates income generation for these individuals but also enhances their business development skills. Furthermore, Inagrab provides marketing consulting services, reinforcing its commitment to helping businesses optimize their sales performance and grow effectively.

Paymennt is a mobile-first payments platform designed to facilitate online and in-person transactions for businesses, particularly micro and small enterprises. Founded in 2017 and headquartered in Dubai, United Arab Emirates, with an additional office in Amman, Jordan, the company specializes in providing a simple and efficient payment solution. Paymennt enables users to accept payments through various methods, including payment links, thereby streamlining the payment process and enhancing the overall customer experience. The company also focuses on integrating loyalty and reward points into its payment systems, allowing users to redeem and spend their points seamlessly.

Paymennt is a mobile-first payments platform designed to facilitate online and in-person transactions for businesses, particularly micro and small enterprises. Founded in 2017 and headquartered in Dubai, United Arab Emirates, with an additional office in Amman, Jordan, the company specializes in providing a simple and efficient payment solution. Paymennt enables users to accept payments through various methods, including payment links, thereby streamlining the payment process and enhancing the overall customer experience. The company also focuses on integrating loyalty and reward points into its payment systems, allowing users to redeem and spend their points seamlessly.

MUNCH:ON is a food tech startup that has cracked the subscription space in the UAE & KSA, focusing on offering meals from the best restaurants at a significant discount and with free delivery. The company has invested heavily in its scheduling, bundling and order prediction software which has enabled it to achieve massive cost savings for its restaurant partners that they then pass on to their users, often offering up to a 55% discount vs. restaurants' regular price. Whether it's employees ordering from their company's curated menu or users ordering for their families at home, the platform takes the usual hassle and cost out of food delivery in a financially (and environmentally) sustainable manner for all stakeholders

TruKKer is a technology-enabled truck aggregator based in Abu Dhabi, UAE, founded in 2016. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by integrating demand and supply for land freight services. TruKKer's platform connects shippers and carriers in real time, ensuring maximum utilization of available trucks and reducing overall transportation costs. The company's network, powered by real-time data analytics, enhances reliability and transparency while creating opportunities for data monetization and consolidated procurement. By offering end-to-end coverage and a comprehensive service portfolio, TruKKer facilitates cross-border transportation services for various end markets, benefiting both shippers and transporters alike.

POSRocket specializes in manufacturing cloud-based point-of-sale systems for various businesses such as restaurants, retail shops, and service providers. Founded in 2016, the company is headquartered in Amman, Jordan.

Reportcard Inc., established in 2017 and headquartered in Dubai, UAE, specializes in developing a comprehensive student management system tailored for the education sector. Their platform facilitates communication and alignment among administrators, teachers, parents, and students by centralizing and organizing student information. The company aims to enhance operational efficiencies through technology and data analytics, catering to both boutique academies and larger school consortia. Additionally, Reportcard's system provides insights into students' strengths and areas for improvement, enabling personalized teaching methods and enhanced classroom engagement via visually appealing reports.

Qoyod is a cloud-based accounting software provider established in 2016, headquartered in Riyadh, Saudi Arabia. The company specializes in offering an online accounting and invoicing platform tailored for startups and small to medium-sized enterprises (SMEs) in Saudi Arabia. Qoyod enables users to efficiently issue invoices, manage expenses, and monitor budgets while automating the recording of journal entries. Additionally, the platform supports the generation of financial statements and business reports that meet both commercial and statutory requirements in the region. Key features include purchase order issuance, stock management, point of sales capabilities, and API services, all designed to enhance productivity and competitiveness for its clients. Users can select from various service packages available on a monthly or annual basis, benefiting from a comprehensive suite of accounting tools.

Founded in 2017, Swvl is a mobility company that offers an app for booking fixed-rate rides on shared buses and vans during peak commute hours. It operates in Egypt, Kenya, Pakistan, Saudi Arabia, and the United Arab Emirates, serving both individual commuters and corporate clients.

Armada Delivery Solutions is a technology company based in Kuwait City, Kuwait, specializing in on-demand and crowd-sourced delivery solutions. Founded in 2016, the company offers a marketplace for last-mile delivery services, connecting businesses with a network of freelance and professional couriers through its web-based logistics platform. This platform includes a logistics API and an enterprise fleet management solution, aiding local businesses in efficiently managing their delivery needs. Additionally, Armada provides a mobile application for courier agents to organize their schedules and orders, enhancing the overall delivery process and reducing delivery times. The company primarily targets local businesses seeking flexible delivery options and individuals with cars looking to earn extra income.

TruKKer is a technology-enabled truck aggregator based in Abu Dhabi, UAE, founded in 2016. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by integrating demand and supply for land freight services. TruKKer's platform connects shippers and carriers in real time, ensuring maximum utilization of available trucks and reducing overall transportation costs. The company's network, powered by real-time data analytics, enhances reliability and transparency while creating opportunities for data monetization and consolidated procurement. By offering end-to-end coverage and a comprehensive service portfolio, TruKKer facilitates cross-border transportation services for various end markets, benefiting both shippers and transporters alike.

POSRocket specializes in manufacturing cloud-based point-of-sale systems for various businesses such as restaurants, retail shops, and service providers. Founded in 2016, the company is headquartered in Amman, Jordan.

MUNCH:ON is a food tech startup that has cracked the subscription space in the UAE & KSA, focusing on offering meals from the best restaurants at a significant discount and with free delivery. The company has invested heavily in its scheduling, bundling and order prediction software which has enabled it to achieve massive cost savings for its restaurant partners that they then pass on to their users, often offering up to a 55% discount vs. restaurants' regular price. Whether it's employees ordering from their company's curated menu or users ordering for their families at home, the platform takes the usual hassle and cost out of food delivery in a financially (and environmentally) sustainable manner for all stakeholders