BECO Capital

Founded in Dubai, United Arab Emirates in 2012, BECO Capital is a venture capital firm that invests in early-stage technology companies. It focuses on sectors such as mobile, internet of things, software as a service, and technology across the Middle East and North Africa region.

Karim Abadir

Investment Principal

Amer Alaily

Venture Partner

Mokhtar Ibrahim

Investment Principal

Felix Zimmermann

CFO

Past deals in MENA

Mala

Pre Seed Round in 2024
Mala provides a buy now, pay later (BNPL) solution specifically designed for B2B transactions in the MENA region. The platform enables businesses to manage their cash flow more effectively while making purchases.

MaxAB

Series B in 2022
MaxAB is a B2B e-commerce platform based in Cairo, Egypt, founded in 2018, that connects food and grocery retailers with suppliers in underserved areas. The company focuses on re-engineering the informal grocery and food market by utilizing innovative technologies and supply chain solutions tailored to the specific needs of retailers. MaxAB's mobile platform facilitates an e-marketplace and provides logistics services for efficient distribution of goods. By streamlining procurement and grocery delivery processes, MaxAB aims to empower retailers with access to a diverse range of products, premium service, and operational support, ultimately enhancing their ability to manage their businesses effectively.

Dukkantek

Seed Round in 2022
Dukkantek provides digital transformation services to improve business processes. It offers online solutions to assist with managing and marketing strategies of companies. Dukkantek is based in Dubai, UAE.

Thndr

Series A in 2022
Thndr is a financial services company established in 2020 by Seif Amr in Cairo, Egypt. It operates an app-based investment platform designed to facilitate commission-free trading for investors. The platform offers a range of features, including no account minimums, real-time market data, and easy account setup and funding processes. Users can also access the latest financial news and educational tools, empowering them to make informed investment decisions. Thndr aims to simplify the investing process and enhance financial literacy among its users.

MaxAB

Series A in 2021
MaxAB is a B2B e-commerce platform based in Cairo, Egypt, founded in 2018, that connects food and grocery retailers with suppliers in underserved areas. The company focuses on re-engineering the informal grocery and food market by utilizing innovative technologies and supply chain solutions tailored to the specific needs of retailers. MaxAB's mobile platform facilitates an e-marketplace and provides logistics services for efficient distribution of goods. By streamlining procurement and grocery delivery processes, MaxAB aims to empower retailers with access to a diverse range of products, premium service, and operational support, ultimately enhancing their ability to manage their businesses effectively.

NowPay

Seed Round in 2021
NowPay is a fintech company that develops and operates a platform to improve the financial wellness of corporate employees. The platform enables salary access and early wage payments, allowing employees to receive a portion of their earned wages at any time during the month, with repayment over multiple months via a mobile app. It also includes personal finance management tools for budgeting, saving, spending and borrowing, and provides salary balances and the maximum eligible loan amount. The company partners with employers to deliver these services, aiming to enhance employee happiness, productivity and loyalty. NowPay is based in Cairo, Egypt.

NowPay

Seed Round in 2020
NowPay is a fintech company that develops and operates a platform to improve the financial wellness of corporate employees. The platform enables salary access and early wage payments, allowing employees to receive a portion of their earned wages at any time during the month, with repayment over multiple months via a mobile app. It also includes personal finance management tools for budgeting, saving, spending and borrowing, and provides salary balances and the maximum eligible loan amount. The company partners with employers to deliver these services, aiming to enhance employee happiness, productivity and loyalty. NowPay is based in Cairo, Egypt.

Swvl

Venture Round in 2020
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.

Vezeeta

Series D in 2020
Vezeeta is a digital healthcare platform based in Heliopolis, Egypt, established in 2011. It facilitates connections between patients and healthcare providers across the Middle East and Africa, specifically in countries such as Egypt, Saudi Arabia, Jordan, and Lebanon. The platform allows patients to search for, compare, and book appointments with doctors, leveraging over 200,000 verified reviews to enhance decision-making. In addition to patient-facing services, Vezeeta offers innovative software solutions for healthcare providers, including clinic management tools that streamline operations and improve patient experiences. The platform also supports features such as live scheduling, automated medication reminders, and options for in-clinic, virtual, or at-home consultations, thereby empowering millions of patients to access and manage their healthcare efficiently.

Dapi

Seed Round in 2019
Dapi Ltd is a fintech company that specializes in developing an open banking application programming interface (API) designed to facilitate seamless payment transactions between consumer bank accounts and businesses. Established in 2019 and based in Abu Dhabi, United Arab Emirates, Dapi provides a suite of APIs that enable real-time access to customer bank accounts, payment initiation, and financial data retrieval. This functionality allows developers to create a variety of financial applications, including digital wallets and budget trackers, while also enabling fintech companies to offer services based on bank statement data. Operating in seven countries, including the United States, Saudi Arabia, Egypt, Pakistan, South Africa, and Kuwait, Dapi has experienced significant demand for its services, achieving notable growth in annual recurring revenue.

Kitopi

Series B in 2019
Kitopi is a cloud kitchen platform that enables restaurants to operate delivery-only locations with minimal capital expenditure. Founded in 2018, it manages over 60 kitchens across the UAE, Saudi Arabia, Kuwait, and Bahrain.

BulkWhiz

Series A in 2019
Bulkwhiz is the first hassle-free online bulk grocery shopping in the UAE, powered by the next generation artificial intelligence. It is the first local startup in its sector to develop its own proprietary AI-enabled technology that offers a personalized, simple online shopping experience for households and small businesses. Through its homegrown tech solution, Bulkwhiz delivers value and is designed to save time, money and effort for the busy working moms and dads, city dwellers and small businesses. Its one-click order offers door-to-door delivery service of branded bulk, shelf stable, household staples and office products. Carefully curating leading regional and international brands, Bulkwhiz allows shoppers to create a one-time smart and flexible shopping list that makes the arduous shopping of bulk products simple and easy.

MaxAB

Seed Round in 2019
MaxAB is a B2B e-commerce platform based in Cairo, Egypt, founded in 2018, that connects food and grocery retailers with suppliers in underserved areas. The company focuses on re-engineering the informal grocery and food market by utilizing innovative technologies and supply chain solutions tailored to the specific needs of retailers. MaxAB's mobile platform facilitates an e-marketplace and provides logistics services for efficient distribution of goods. By streamlining procurement and grocery delivery processes, MaxAB aims to empower retailers with access to a diverse range of products, premium service, and operational support, ultimately enhancing their ability to manage their businesses effectively.

Swvl

Series B in 2019
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.

Kitopi

Series A in 2018
Kitopi is a cloud kitchen platform that enables restaurants to operate delivery-only locations with minimal capital expenditure. Founded in 2018, it manages over 60 kitchens across the UAE, Saudi Arabia, Kuwait, and Bahrain.

Swvl

Series B in 2018
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.

Vezeeta

Series C in 2018
Vezeeta is a digital healthcare platform based in Heliopolis, Egypt, established in 2011. It facilitates connections between patients and healthcare providers across the Middle East and Africa, specifically in countries such as Egypt, Saudi Arabia, Jordan, and Lebanon. The platform allows patients to search for, compare, and book appointments with doctors, leveraging over 200,000 verified reviews to enhance decision-making. In addition to patient-facing services, Vezeeta offers innovative software solutions for healthcare providers, including clinic management tools that streamline operations and improve patient experiences. The platform also supports features such as live scheduling, automated medication reminders, and options for in-clinic, virtual, or at-home consultations, thereby empowering millions of patients to access and manage their healthcare efficiently.

Kitopi

Seed Round in 2018
Kitopi is a cloud kitchen platform that enables restaurants to operate delivery-only locations with minimal capital expenditure. Founded in 2018, it manages over 60 kitchens across the UAE, Saudi Arabia, Kuwait, and Bahrain.

Swvl

Series A in 2018
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.

Syarah

Series A in 2018
Founded in 2015, Syarah operates an online marketplace for buying and selling new and used cars. Based in Riyadh, Saudi Arabia, the company streamlines car purchases by connecting buyers directly with sellers, offering daily updated listings and facilitating financing options through various banks.

Bayzat

Series A in 2017
Bayzat is a technology software-as-a-service company that provides insurance, payroll, and human resources software solutions for businesses. Its platform automates and enhances insurance administration and HR tasks by offering an online insurance marketplace that lets organizations compare and purchase health policies in the United Arab Emirates, along with car insurance services. The company also offers Bayzat Benefits to help users view benefits and exclusions, networks, and nearby providers, and provides payroll automation and HR management tools such as employee records and time-off tracking. Bayzat operates in the United Arab Emirates and Saudi Arabia and serves thousands of clients, supporting over 80,000 employees. Founded in 2011 and headquartered in Dubai, it focuses on streamlining policy placement, transparent comparison, and integrated payroll and HR workflows to improve employee experience and cost efficiency.

Vezeeta

Series B in 2017
Vezeeta is a digital healthcare platform based in Heliopolis, Egypt, established in 2011. It facilitates connections between patients and healthcare providers across the Middle East and Africa, specifically in countries such as Egypt, Saudi Arabia, Jordan, and Lebanon. The platform allows patients to search for, compare, and book appointments with doctors, leveraging over 200,000 verified reviews to enhance decision-making. In addition to patient-facing services, Vezeeta offers innovative software solutions for healthcare providers, including clinic management tools that streamline operations and improve patient experiences. The platform also supports features such as live scheduling, automated medication reminders, and options for in-clinic, virtual, or at-home consultations, thereby empowering millions of patients to access and manage their healthcare efficiently.

Bayzat

Series A in 2016
Bayzat is a technology software-as-a-service company that provides insurance, payroll, and human resources software solutions for businesses. Its platform automates and enhances insurance administration and HR tasks by offering an online insurance marketplace that lets organizations compare and purchase health policies in the United Arab Emirates, along with car insurance services. The company also offers Bayzat Benefits to help users view benefits and exclusions, networks, and nearby providers, and provides payroll automation and HR management tools such as employee records and time-off tracking. Bayzat operates in the United Arab Emirates and Saudi Arabia and serves thousands of clients, supporting over 80,000 employees. Founded in 2011 and headquartered in Dubai, it focuses on streamlining policy placement, transparent comparison, and integrated payroll and HR workflows to improve employee experience and cost efficiency.

Syarah

Seed Round in 2016
Founded in 2015, Syarah operates an online marketplace for buying and selling new and used cars. Based in Riyadh, Saudi Arabia, the company streamlines car purchases by connecting buyers directly with sellers, offering daily updated listings and facilitating financing options through various banks.

JadoPado

Series A in 2015
JadoPado Ltd. is an online marketplace based in Dubai, United Arab Emirates, that facilitates the buying and selling of new, used, and refurbished products across a diverse range of categories, including electronics, fashion, home improvement, and more. Founded in 2010, the platform allows sellers to create their own virtual stores, manage their products and orders, and interact directly with buyers. JadoPado ensures a secure shopping experience by handling payments on behalf of sellers, who receive their payouts after buyers confirm receipt of their purchases. As of May 2017, JadoPado operates as a subsidiary of Alabbar Enterprises.

Bayzat

Series A in 2015
Bayzat is a technology software-as-a-service company that provides insurance, payroll, and human resources software solutions for businesses. Its platform automates and enhances insurance administration and HR tasks by offering an online insurance marketplace that lets organizations compare and purchase health policies in the United Arab Emirates, along with car insurance services. The company also offers Bayzat Benefits to help users view benefits and exclusions, networks, and nearby providers, and provides payroll automation and HR management tools such as employee records and time-off tracking. Bayzat operates in the United Arab Emirates and Saudi Arabia and serves thousands of clients, supporting over 80,000 employees. Founded in 2011 and headquartered in Dubai, it focuses on streamlining policy placement, transparent comparison, and integrated payroll and HR workflows to improve employee experience and cost efficiency.

Laimoon.com

Venture Round in 2013
Laimoon supports career-minded people with information on jobs,courses and career insights. Currently focussing on the UAE and the wider GCC region.

RoundMenu

Seed Round in 2012
RoundMenu Ltd. is an online restaurant discovery platform based in Dubai, United Arab Emirates, founded in 2012. The company operates in three countries: the UAE, Saudi Arabia, and Singapore. RoundMenu enables users to book restaurants online and browse through various dining options by cuisine, location, or theme. It enhances the dining experience by integrating social media data from platforms such as Instagram, Facebook, and TripAdvisor to provide restaurant rankings and recommendations based on customer reviews. Additionally, the platform offers features like maps and average pricing, making it easier for diners to find and select restaurants that suit their preferences. As of February 2018, RoundMenu operates as a subsidiary of Careem Networks FZ LLC.

DUPLAYS

Seed Round in 2012
Duplays is an online community based in Dubai, United Arab Emirates, that connects individuals through a shared passion for sports. Founded in 2007, the company organizes various sport and social activities across eight cities, boasting a membership of over 60,000 individuals. Duplays facilitates participation in over 20 recreational sports, including football, basketball, netball, and rugby, through leagues, tournaments, and high-profile events. The organization aims to promote healthier and more social communities by providing opportunities for engagement and team building without the need for traditional gym memberships. Additionally, Duplays offers a venue booking platform that enables users to easily find and reserve sports facilities in their area.

JadoPado

Venture Round in 2012
JadoPado Ltd. is an online marketplace based in Dubai, United Arab Emirates, that facilitates the buying and selling of new, used, and refurbished products across a diverse range of categories, including electronics, fashion, home improvement, and more. Founded in 2010, the platform allows sellers to create their own virtual stores, manage their products and orders, and interact directly with buyers. JadoPado ensures a secure shopping experience by handling payments on behalf of sellers, who receive their payouts after buyers confirm receipt of their purchases. As of May 2017, JadoPado operates as a subsidiary of Alabbar Enterprises.

Thndr

Thndr is a financial services company established in 2020 by Seif Amr in Cairo, Egypt. It operates an app-based investment platform designed to facilitate commission-free trading for investors. The platform offers a range of features, including no account minimums, real-time market data, and easy account setup and funding processes. Users can also access the latest financial news and educational tools, empowering them to make informed investment decisions. Thndr aims to simplify the investing process and enhance financial literacy among its users.
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