Khwarizmi Ventures

Erad is a company that provides growth capital to online enterprises, particularly startups in the Middle East. It operates an online fund management platform that facilitates connections between businesses and their sales, marketing, and accounting data. This platform offers non-dilutive capital funding, allowing companies to secure necessary financial resources without giving up equity. In addition to funding, Erad equips businesses with valuable insights and analyses that can help enhance profitability and support their expansion efforts.

Aya is a modest fashion e-commerce platform that strives to unite the fragmented modest fashion industry into a single discovery platform.

Khazna operates a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of smartphone users who lack access to formal financial systems. The super app provides a range of services including General Purpose Credit, Buy Now Pay Later (BNPL), bill payments, savings, and insurance. It also facilitates cash advances for employees to address unforeseen emergencies and allows users to transfer and receive funds without incurring transaction fees. By focusing on digitizing cash transactions, Khazna aims to offer convenient, effective, and secure financial solutions, thereby improving financial inclusion in Egypt and potentially beyond.

Calo is a direct-to-consumer food tech company that specializes in personalized meal subscriptions. The company’s app calculates the specific calories and macronutrients users require, delivering ready-to-eat meals tailored to their fitness goals. By matching users with chef-prepared meals, Calo ensures high-quality food that caters to busy lifestyles. The platform offers a diverse range of meal plans based on individual dietary needs, facilitated by nutritionist-approved algorithms. With a user-friendly interface, the Calo app allows users to analyze their nutritional requirements and subscribe to meal plans in under two minutes, providing a convenient solution for those seeking healthy food options delivered directly to their doorstep.

Mala'a Technologies is a developer of a financial platform that simplifies personal finance management by consolidating multiple bank accounts into one interface. The platform offers users tools for expense tracking, budgeting, and direct bank connections, allowing for a comprehensive view of their financial situation. By analyzing spending behavior, Mala'a provides tailored recommendations to help individuals make informed financial decisions and reduce expenses. The company's mission is to enhance financial literacy and empower users to manage their finances more effectively.

Yalla Plus is a technology company that provides a comprehensive business management platform tailored for hospitality establishments such as restaurants, cafes, hotels, and movie theaters. Their platform offers a range of features including QR-based digital menus, integrated payments, menu management, table management, order and pay functionality, and performance analytics. By utilizing Yalla Plus's platform, businesses can streamline their operations, enhance customer satisfaction, and ultimately drive sales growth.

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.

Bluworks.io is a HRTech SaaS platform offers cloud-based solutions.

RemotePass offers a comprehensive platform designed to assist companies in hiring, onboarding, managing, and compensating remote workers across 150 countries. The platform enables businesses to create legally compliant contracts, gather necessary documentation, and facilitate electronic signatures. It includes various HR management tools, such as multi-currency expense management, time off tracking, and equipment oversight. Additionally, RemotePass allows companies to process payroll for their global teams in over 90 currencies, simplifying financial operations. The RemotePass Super App enhances the experience for remote teams by providing access to financial services, including a card for instant, fee-free payments, in-app health insurance options, and various employee benefits. This all-in-one solution ensures that companies can effectively manage their remote workforce while maintaining compliance with local regulations.

BuildNow is a fintech platform that serves the construction and manufacturing sectors by offering a "Build Now Pay Later" solution. It provides short-term financing specifically for raw materials, allowing small and medium-sized enterprises (SMEs) to access the resources they need to grow. The platform streamlines the financing process, delivering credit approval within three days and enabling payment processing in just one day. Clients can benefit from flexible credit terms of up to six months, which helps optimize their cash flow and supports their business expansion.

BuildNow is a fintech platform that serves the construction and manufacturing sectors by offering a "Build Now Pay Later" solution. It provides short-term financing specifically for raw materials, allowing small and medium-sized enterprises (SMEs) to access the resources they need to grow. The platform streamlines the financing process, delivering credit approval within three days and enabling payment processing in just one day. Clients can benefit from flexible credit terms of up to six months, which helps optimize their cash flow and supports their business expansion.

‍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.

Alma Health is a digital healthcare platform focused on managing chronic illnesses, catering to an addressable market of 20 million patients in the Gulf Cooperation Council (GCC) region. Based in Hub71, Abu Dhabi, the platform streamlines patient care by offering virtual doctor consultations and a cloud pharmacy service that delivers prescriptions directly to patients' homes. Alma Health leverages technology to transform patient behavior and insights into personalized services, including digital treatments and at-home monitoring systems. By providing comprehensive medical assistance, the platform aims to simplify the lives of individuals with chronic conditions and their caregivers.

Baytonia is an e-commerce marketplace focused on providing high-quality homeware collections. The company emphasizes customer satisfaction by offering distinctive products and an exceptional shopping experience. Through its diverse range of home furnishings, Baytonia aims to deliver value to its customers, ensuring they have access to various home improvement items that meet their needs.

Calo is a direct-to-consumer food tech company that specializes in personalized meal subscriptions. The company’s app calculates the specific calories and macronutrients users require, delivering ready-to-eat meals tailored to their fitness goals. By matching users with chef-prepared meals, Calo ensures high-quality food that caters to busy lifestyles. The platform offers a diverse range of meal plans based on individual dietary needs, facilitated by nutritionist-approved algorithms. With a user-friendly interface, the Calo app allows users to analyze their nutritional requirements and subscribe to meal plans in under two minutes, providing a convenient solution for those seeking healthy food options delivered directly to their doorstep.

Erad is a company that provides growth capital to online enterprises, particularly startups in the Middle East. It operates an online fund management platform that facilitates connections between businesses and their sales, marketing, and accounting data. This platform offers non-dilutive capital funding, allowing companies to secure necessary financial resources without giving up equity. In addition to funding, Erad equips businesses with valuable insights and analyses that can help enhance profitability and support their expansion efforts.

RemotePass offers a comprehensive platform designed to assist companies in hiring, onboarding, managing, and compensating remote workers across 150 countries. The platform enables businesses to create legally compliant contracts, gather necessary documentation, and facilitate electronic signatures. It includes various HR management tools, such as multi-currency expense management, time off tracking, and equipment oversight. Additionally, RemotePass allows companies to process payroll for their global teams in over 90 currencies, simplifying financial operations. The RemotePass Super App enhances the experience for remote teams by providing access to financial services, including a card for instant, fee-free payments, in-app health insurance options, and various employee benefits. This all-in-one solution ensures that companies can effectively manage their remote workforce while maintaining compliance with local regulations.

Dastgyr is a B2B e-commerce platform based in Karachi, Pakistan, that connects small retailers with manufacturers, brands, and wholesalers. Founded in 2020, the company aims to streamline the fragmented supply chain by enabling informal retailers to source a diverse range of products directly from sellers. Through its marketplace application, Dastgyr facilitates the purchasing of inventories at competitive prices, offering retailers access to a broad assortment of merchandise from both local and international sources.

Pylon provides water and electricity distribution companies, in emerging markets, with a platform for managing their customers and infrastructure.

Khazna operates a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of smartphone users who lack access to formal financial systems. The super app provides a range of services including General Purpose Credit, Buy Now Pay Later (BNPL), bill payments, savings, and insurance. It also facilitates cash advances for employees to address unforeseen emergencies and allows users to transfer and receive funds without incurring transaction fees. By focusing on digitizing cash transactions, Khazna aims to offer convenient, effective, and secure financial solutions, thereby improving financial inclusion in Egypt and potentially beyond.

Mala'a Technologies is a developer of a financial platform that simplifies personal finance management by consolidating multiple bank accounts into one interface. The platform offers users tools for expense tracking, budgeting, and direct bank connections, allowing for a comprehensive view of their financial situation. By analyzing spending behavior, Mala'a provides tailored recommendations to help individuals make informed financial decisions and reduce expenses. The company's mission is to enhance financial literacy and empower users to manage their finances more effectively.

‍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.

Bosta operates an on-demand delivery platform designed to facilitate shipping for individuals and businesses. The platform connects users with couriers, allowing them to send parcels and track their delivery status in real time. Bosta also offers a cash collection service, providing insights on cash transactions and enabling efficient pickups based on the destination city. By employing advanced technology and optimizing logistics operations, Bosta aims to provide affordable shipping solutions and enhance the overall delivery experience in the logistics industry.

Qawafel Company for E-Marketing operates a business-to-business marketplace designed to facilitate the exchange of perishable food products between shops and producers. Its electronic platform connects suppliers with retailers, specifically targeting the confectionery and refrigerated goods sectors. By offering integrated technical solutions, Qawafel aims to enhance the fragmented wholesale market, providing clients with a comprehensive B2B platform and digital services. This approach allows businesses to streamline their operations and improve their overall user experience, ultimately simplifying trade in the food industry.

BuildNow is a fintech platform that serves the construction and manufacturing sectors by offering a "Build Now Pay Later" solution. It provides short-term financing specifically for raw materials, allowing small and medium-sized enterprises (SMEs) to access the resources they need to grow. The platform streamlines the financing process, delivering credit approval within three days and enabling payment processing in just one day. Clients can benefit from flexible credit terms of up to six months, which helps optimize their cash flow and supports their business expansion.

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.

Brimore operates a social commerce platform that connects emerging brand owners with a network of resellers. These resellers market and sell the products of these brands using social media, providing nationwide coverage for the brands. The platform uses data analytics to facilitate this connection between emerging brands and individual distributors across Egypt's 27 governorates, enabling small local manufacturers to directly reach consumers through freelance sales agents.

Brimore operates a social commerce platform that connects emerging brand owners with a network of resellers. These resellers market and sell the products of these brands using social media, providing nationwide coverage for the brands. The platform uses data analytics to facilitate this connection between emerging brands and individual distributors across Egypt's 27 governorates, enabling small local manufacturers to directly reach consumers through freelance sales agents.

Chari is an e-commerce and fintech platform designed to support traditional retailers in French-speaking Africa by enabling them to order consumer goods efficiently. Through its application, retailers can conveniently place orders for fast-moving consumer goods, which are delivered for free within 24 hours. In addition to its logistics services, Chari provides financial support to these retailers by offering microloans, facilitating their operational needs and growth. The company's mission centers on empowering entrepreneurs by ensuring a reliable supply of goods and access to financial resources, simplifying the process of digitizing their retail operations.

Rewaa is a cloud-based software company that aims to simplify e-commerce for retailers by integrating physical and online sales channels. Its platform provides a comprehensive solution for inventory management, order processing, point-of-sale systems, and invoicing, allowing retailers to manage their sales, suppliers, and invoices more efficiently. By utilizing the Rewaa Cashier System, products in physical stores are automatically listed online, ensuring that in-store inventory is seamlessly integrated with online marketplaces and the retailer's own online store. This eliminates the need for separate inventory management for online operations, reducing operational costs and simplifying logistics. Orders placed online are fulfilled from the nearest physical store, ensuring timely delivery while automatically updating inventory across all channels.

Calo is a direct-to-consumer food tech company that specializes in personalized meal subscriptions. The company’s app calculates the specific calories and macronutrients users require, delivering ready-to-eat meals tailored to their fitness goals. By matching users with chef-prepared meals, Calo ensures high-quality food that caters to busy lifestyles. The platform offers a diverse range of meal plans based on individual dietary needs, facilitated by nutritionist-approved algorithms. With a user-friendly interface, the Calo app allows users to analyze their nutritional requirements and subscribe to meal plans in under two minutes, providing a convenient solution for those seeking healthy food options delivered directly to their doorstep.

RemotePass offers a comprehensive platform designed to assist companies in hiring, onboarding, managing, and compensating remote workers across 150 countries. The platform enables businesses to create legally compliant contracts, gather necessary documentation, and facilitate electronic signatures. It includes various HR management tools, such as multi-currency expense management, time off tracking, and equipment oversight. Additionally, RemotePass allows companies to process payroll for their global teams in over 90 currencies, simplifying financial operations. The RemotePass Super App enhances the experience for remote teams by providing access to financial services, including a card for instant, fee-free payments, in-app health insurance options, and various employee benefits. This all-in-one solution ensures that companies can effectively manage their remote workforce while maintaining compliance with local regulations.

Maqsam is a cloud communication suite tailored for small to medium-sized businesses and enterprises, primarily in the MENA region. It offers a cost-effective alternative to traditional hardware-based communication solutions, allowing businesses to connect with clients through a pay-as-you-go model. Maqsam provides local numbers from over 200 cities worldwide and facilitates high-quality voice calls, SMS, and WhatsApp messaging. The platform is designed to support various sectors, including call centers, logistics, and e-commerce, by offering unlimited outgoing calls, custom reporting, analytics, and APIs. Its seamless integration with over ten popular cloud CRM systems enhances the capability for customer support, enabling organizations to decentralize and optimize their communication strategies globally.

TAG is a mobile application that allows users to access an e-money account through a debit card. They provide a money transfer feature that helps to transfer money to any bank or wallet. They specialize in digital wallets and payment services.

POSRocket, founded in 2016 and based in Amman, Jordan, offers a cloud-based point-of-sale (POS) system designed to replace traditional cash registers. The platform is user-friendly and caters to a diverse range of businesses, including restaurants, boutique shops, coffee shops, bakeries, salons, spas, and dry cleaners. POSRocket's solution helps clients manage and grow their operations by optimizing manpower resources, regulating inventory, and generating various sales reports. This technology allows business owners to monitor their operations in real-time from any device, enabling smarter decision-making and enhanced operational efficiency.

Fatura is a technology platform transforming the fast-moving consumer goods (FMCG) sector in Egypt and Africa since its inception in 2019. It serves as the first application to facilitate the entire FMCG traditional trade cycle, connecting manufacturers and wholesalers directly with retailers. By digitizing the ordering process, Fatura addresses critical challenges within the traditional FMCG framework, while also enhancing retailers' cash flow through the option of on-credit purchasing. The platform utilizes data analytics and advanced AI models to evaluate the creditworthiness of retailers efficiently. With a strong presence in Cairo and Giza, Fatura is positioned to become a leading technology provider in the FMCG industry across the region, helping to correct supply-side inefficiencies and providing valuable market intelligence.

Xare is a developer of an innovative money-sharing application that enables users to securely and instantly share access to their credit or debit cards with others. The platform is designed to provide equal opportunities to financial products, allowing users to manage and control expenses from a centralized dashboard. By facilitating the sharing of financial access within a community, Xare eliminates the need for transferring funds, thereby saving time and reducing costly bank transaction fees. This approach empowers customers globally to access financial resources fairly and equitably, making financial management more accessible and efficient.

Bosta operates an on-demand delivery platform designed to facilitate shipping for individuals and businesses. The platform connects users with couriers, allowing them to send parcels and track their delivery status in real time. Bosta also offers a cash collection service, providing insights on cash transactions and enabling efficient pickups based on the destination city. By employing advanced technology and optimizing logistics operations, Bosta aims to provide affordable shipping solutions and enhance the overall delivery experience in the logistics industry.

Hala is a developer of a digital mobile payment platform designed to facilitate secure and convenient payment transactions for both individuals and businesses. The company provides a comprehensive payment infrastructure that includes point-of-sale solutions, digital wallets, and bank cards, enabling merchants to accept credit card payments seamlessly. Hala's platform equips clients with essential digital tools to manage their payment processes effectively, control cash flow, and analyze sales data, enhancing overall operational efficiency.

Tamara is a prominent shopping and payments platform based in Riyadh, Saudi Arabia, and serves the GCC region. Founded by Abdulmajeed Alsukhan and his partners, the company aims to transform the shopping, payment, and banking experience for consumers. With a workforce of over 350 employees, Tamara has established a significant presence, operating offices in the UAE, Egypt, Germany, and Vietnam. Since its inception in September 2020, Tamara has raised approximately $366 million in both equity and debt from notable investors, including Sanabil Investments and Goldman Sachs. The platform boasts around 6 million customers and partners with more than 15,000 merchants, featuring a mix of global and regional brands as well as local small and medium enterprises. Tamara empowers merchants by providing flexible payment options through its application programming interfaces, allowing clients to increase sales by offering installment payment plans.

Rise is a wealth management platform designed specifically for migrants, aiming to enhance their financial well-being and overall quality of life. The company focuses on empowering users by providing tools that go beyond traditional financial management, emphasizing the importance of knowledge and personal growth. Rise helps migrants navigate their financial challenges, learn new skills, and create opportunities for a better future. By addressing the unique needs of this community, Rise seeks to improve lives and facilitate the journey toward financial stability.

Lean Technologies Limited, founded in 2019 and based in Riyadh, Saudi Arabia, is a FinTech startup that specializes in providing an application programming interface (API) platform for financial data applications. The company's API suite simplifies access to consumer financial data, allowing businesses to navigate the complexities of financial infrastructure with ease. By enabling seamless access to customers' financial information and facilitating instant bank transfers, Lean Technologies aims to enhance the accessibility, transparency, and utility of financial data and payments. This approach fosters a more inclusive and interconnected financial landscape, ultimately benefiting both consumers and businesses.

Eyewa is an online optical store focused on simplifying the eyewear shopping experience. The company offers a diverse range of products, including sunglasses, prescription glasses, blue-light reading glasses, and contact lenses. By providing a user-friendly platform, Eyewa aims to make eyewear shopping accessible and affordable for customers, catering to both fashion and functional needs.

Melltoo is a mobile marketplace designed for the buying and selling of secondhand goods, available on both iPhones and Android devices as well as through a mobile-responsive web app. The platform facilitates transactions for a wide range of items, including electronics, fashion, home appliances, and children's products. By connecting local buyers with sellers, Melltoo promotes the trading of used items while offering a money-back guarantee on every transaction, ensuring a secure and reliable experience for users.

Aoun Inc, established in 2016 and headquartered in Amman, Jordan, operates an online platform that connects households with maintenance service providers. The platform facilitates access to various utility services, including towing, plumbing, and water tank services, among others. Aoun enhances the user experience by incorporating a review and rating system, allowing customers to make informed decisions when selecting service providers.

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.

Saydl is a delivery service that connects consumers with local pharmacies through a user-friendly smartphone application. The platform allows users to conveniently shop for and purchase a wide range of pharmaceutical products online. Saydl offers features such as delivery within an hour, scheduled delivery options, and access to a large inventory of trusted and licensed pharmacy supplies. This service aims to enhance the shopping experience for customers by providing a straightforward method for obtaining their pharmaceutical needs. Users can easily navigate the application to place orders directly from their web browser or mobile devices.

Sibly, Inc. is a company that focuses on providing accessible and effective mental health care through its behavioral artificial intelligence-based health platform. Founded in 2016 and based in Redwood City, California, Sibly offers a text-based service that connects employees with compassionate human coaches available 24/7. The platform employs scientifically-supported techniques, including reflective listening and motivational interviewing, to facilitate meaningful conversations and address the mental and behavioral health needs of users. By enhancing employee well-being and engagement with existing benefits, Sibly serves as a crucial resource for large employers aiming to improve the health and wellness of their workforce. The company's approach integrates machine learning and oversight from licensed therapists to ensure quality and timely support for users.

Lyve is a technology products and logistics company headquartered in Abu Dhabi. Through cloud-based platforms and logistics services, Lyve helps facilitate millions of orders every month across multiple industries and is now expanding its solutions to cover order generation, payments, and order management. We power the digital economy with our logistics and technology solutions. From big data to multi-vertical service agents, from instant activation to scalable capacity, what we do continues to go beyond what’s typically considered delivery.