Khwarizmi Ventures

Erad is a company that provides expansion capital to online enterprises, focusing primarily on startups in the Middle East. It operates an online fund management platform that enables these businesses to connect their sales, marketing, and accounting data. By doing so, Erad facilitates access to non-dilutive capital funding, allowing businesses to secure the growth funding they need without sacrificing ownership. In addition to financial support, the platform offers key insights and analyses that help businesses optimize their operations and increase profitability.

Khazna is a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of the population who are active smartphone users but lack access to traditional banking. The company offers a range of services, including General Purpose Credit, Buy Now Pay Later (BNPL), bill payment, savings, and insurance. Additionally, Khazna enables employers to provide cash advances to employees for unforeseen emergencies and facilitates seamless transfers and withdrawals without transaction fees. By focusing on digitizing cash transactions, Khazna aims to provide convenient, effective, and secure smartphone-based financial solutions, thereby improving the overall financial landscape in Egypt and potentially beyond.

‍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 platform specializing in chronic illness management. It serves over 20 million patients in the Gulf Cooperation Council (GCC) region. The platform offers cloud pharmacy services and virtual doctor consultations, transforming patient data into personalized treatments and home monitoring systems.

Erad is a company that provides expansion capital to online enterprises, focusing primarily on startups in the Middle East. It operates an online fund management platform that enables these businesses to connect their sales, marketing, and accounting data. By doing so, Erad facilitates access to non-dilutive capital funding, allowing businesses to secure the growth funding they need without sacrificing ownership. In addition to financial support, the platform offers key insights and analyses that help businesses optimize their operations and increase profitability.

Khazna is a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of the population who are active smartphone users but lack access to traditional banking. The company offers a range of services, including General Purpose Credit, Buy Now Pay Later (BNPL), bill payment, savings, and insurance. Additionally, Khazna enables employers to provide cash advances to employees for unforeseen emergencies and facilitates seamless transfers and withdrawals without transaction fees. By focusing on digitizing cash transactions, Khazna aims to provide convenient, effective, and secure smartphone-based financial solutions, thereby improving the overall financial landscape in Egypt and potentially beyond.

‍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.

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.

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.

Tamara is a prominent shopping and payments platform based in Riyadh, Saudi Arabia, and serves the GCC region. Founded in September 2020 by Abdulmajeed Alsukhan and his partners, the company aims to revolutionize shopping, payment, and banking experiences. With a workforce of over 350 employees, Tamara operates additional offices in the UAE, Egypt, Germany, and Vietnam. The platform empowers merchants by providing flexible payment solutions, including installment options, through its application programming interfaces and plugins. This functionality enhances customer experiences and boosts sales for merchants. Tamara has established a robust customer base of 6 million and collaborates with over 15,000 partner merchants, which include both leading global brands and local small and medium enterprises. The company has successfully raised significant funding, highlighting its strong market presence and growth potential.

Lean Technologies Limited is a FinTech startup founded in 2019 and based in Riyadh, Saudi Arabia. The company specializes in developing an application programming interface (API) platform that facilitates access to consumer financial data. Its API suite addresses the complexities of fragmented financial infrastructure, allowing businesses to easily access their customers' financial information and execute instant bank transfers. Lean Technologies aims to improve the accessibility, transparency, and functionality of financial data and payment systems, contributing to a more inclusive and interconnected financial ecosystem for both consumers and businesses.

Aoun Inc, founded in 2016 and based in Amman, Jordan, is an online platform that connects households with various maintenance service providers. The platform facilitates access to utility services, allowing users to easily find and select service providers for needs such as towing, plumbing, and water tank maintenance. Aoun enhances the user experience by incorporating a review and rating system, which helps customers make informed decisions when choosing 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.

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.