Shorooq Partners

Shorooq Partners, established in 2017 and headquartered in Abu Dhabi, operates as a venture capital firm with additional offices in Riyadh, Manama, Cairo, and Dubai. The firm specializes in early-stage investments and venture debt, focusing on sectors such as technology, fintech, game tech, climate, cleantech, cryptocurrency, and web 3.0. Shorooq Partners has successfully built a portfolio that has generated over $1.5 billion in equity value, supported by investments from some of the world's leading sovereign wealth funds.

Tamer Azer

Partner

Kunal Savjani

Managing Partner

Omer Zabit

Principal

Past deals in Abu Dhabi

NymCard

Venture Round in 2022
NymCard is a payment platform that specializes in enabling financial institutions to issue innovative digital payment products across Africa and the Middle East. Founded in 2016 and based in Abu Dhabi, NymCard offers a comprehensive suite of services including mobile wallet solutions, card issuance and processing, cloud solutions, and security services. The platform utilizes advanced open APIs and mobile SDKs to facilitate the rapid deployment of plastic, virtual, or tokenized cards, allowing clients to launch new payment solutions in as little as eight weeks. By focusing on user experience and security, NymCard aims to address the low penetration of payment cards in regions where traditional banking infrastructure has been limited.

TruKKer

Series B in 2022
TruKKer operates a digital freight network designed to enhance land freight services by integrating demand and supply through real-time data analytics. The platform simplifies logistics and fleet management by connecting shippers with available transporters, ensuring optimal asset utilization while reducing transportation costs. By leveraging data, TruKKer promotes reliability and transparency in the logistics process, creating opportunities for cost savings and improved efficiency. Its rapid growth is facilitating data monetization and consolidated procurement, allowing businesses to navigate cross-border transportation with greater ease.

Penny Software

Seed Round in 2022
Penny Software, founded in 2020 and based in Riyadh, Saudi Arabia, specializes in developing a cloud-based procure-to-pay system known as Penny. This platform streamlines the entire procurement process, enabling organizations to digitize and manage their procurement cycle from request to approval. Key features of Penny include an action-driven dashboard, budget tracking, customizable reporting, a product comparison tool, and a structured timeline. The system is designed to simplify procurement activities, allowing users to manage requests for quotations, compare vendor offers, issue purchase orders, and process payments efficiently. Penny Software caters primarily to mid-sized enterprises, offering a modular and customizable solution that supports both private and public marketplaces, as well as procurement shared services.

NymCard

Series A in 2021
NymCard is a payment platform that specializes in enabling financial institutions to issue innovative digital payment products across Africa and the Middle East. Founded in 2016 and based in Abu Dhabi, NymCard offers a comprehensive suite of services including mobile wallet solutions, card issuance and processing, cloud solutions, and security services. The platform utilizes advanced open APIs and mobile SDKs to facilitate the rapid deployment of plastic, virtual, or tokenized cards, allowing clients to launch new payment solutions in as little as eight weeks. By focusing on user experience and security, NymCard aims to address the low penetration of payment cards in regions where traditional banking infrastructure has been limited.

TruKKer

Series B in 2021
TruKKer operates a digital freight network designed to enhance land freight services by integrating demand and supply through real-time data analytics. The platform simplifies logistics and fleet management by connecting shippers with available transporters, ensuring optimal asset utilization while reducing transportation costs. By leveraging data, TruKKer promotes reliability and transparency in the logistics process, creating opportunities for cost savings and improved efficiency. Its rapid growth is facilitating data monetization and consolidated procurement, allowing businesses to navigate cross-border transportation with greater ease.

TruKKer

Secondary Market in 2021
TruKKer operates a digital freight network designed to enhance land freight services by integrating demand and supply through real-time data analytics. The platform simplifies logistics and fleet management by connecting shippers with available transporters, ensuring optimal asset utilization while reducing transportation costs. By leveraging data, TruKKer promotes reliability and transparency in the logistics process, creating opportunities for cost savings and improved efficiency. Its rapid growth is facilitating data monetization and consolidated procurement, allowing businesses to navigate cross-border transportation with greater ease.

NymCard

Seed Round in 2021
NymCard is a payment platform that specializes in enabling financial institutions to issue innovative digital payment products across Africa and the Middle East. Founded in 2016 and based in Abu Dhabi, NymCard offers a comprehensive suite of services including mobile wallet solutions, card issuance and processing, cloud solutions, and security services. The platform utilizes advanced open APIs and mobile SDKs to facilitate the rapid deployment of plastic, virtual, or tokenized cards, allowing clients to launch new payment solutions in as little as eight weeks. By focusing on user experience and security, NymCard aims to address the low penetration of payment cards in regions where traditional banking infrastructure has been limited.

NymCard

Series A in 2021
NymCard is a payment platform that specializes in enabling financial institutions to issue innovative digital payment products across Africa and the Middle East. Founded in 2016 and based in Abu Dhabi, NymCard offers a comprehensive suite of services including mobile wallet solutions, card issuance and processing, cloud solutions, and security services. The platform utilizes advanced open APIs and mobile SDKs to facilitate the rapid deployment of plastic, virtual, or tokenized cards, allowing clients to launch new payment solutions in as little as eight weeks. By focusing on user experience and security, NymCard aims to address the low penetration of payment cards in regions where traditional banking infrastructure has been limited.

TruKKer

Secondary Market in 2020
TruKKer operates a digital freight network designed to enhance land freight services by integrating demand and supply through real-time data analytics. The platform simplifies logistics and fleet management by connecting shippers with available transporters, ensuring optimal asset utilization while reducing transportation costs. By leveraging data, TruKKer promotes reliability and transparency in the logistics process, creating opportunities for cost savings and improved efficiency. Its rapid growth is facilitating data monetization and consolidated procurement, allowing businesses to navigate cross-border transportation with greater ease.

TruKKer

Series A in 2019
TruKKer operates a digital freight network designed to enhance land freight services by integrating demand and supply through real-time data analytics. The platform simplifies logistics and fleet management by connecting shippers with available transporters, ensuring optimal asset utilization while reducing transportation costs. By leveraging data, TruKKer promotes reliability and transparency in the logistics process, creating opportunities for cost savings and improved efficiency. Its rapid growth is facilitating data monetization and consolidated procurement, allowing businesses to navigate cross-border transportation with greater ease.

TruKKer

Seed Round in 2018
TruKKer operates a digital freight network designed to enhance land freight services by integrating demand and supply through real-time data analytics. The platform simplifies logistics and fleet management by connecting shippers with available transporters, ensuring optimal asset utilization while reducing transportation costs. By leveraging data, TruKKer promotes reliability and transparency in the logistics process, creating opportunities for cost savings and improved efficiency. Its rapid growth is facilitating data monetization and consolidated procurement, allowing businesses to navigate cross-border transportation with greater ease.
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