Outliers Venture Capital

‍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.

Lean Technologies Limited is a Saudi B2B company that specializes in providing a developer-friendly application programming interface (API) platform aimed at facilitating access to financial data and payment initiation for fintech companies. Founded in 2019 and headquartered in Riyadh, the company partners with financial institutions to create an integration layer that enhances existing systems while ensuring transparency and control over shared customer data. Lean offers a Universal API that allows fintechs to connect with multiple financial institutions through a single platform, thereby simplifying the integration process and enabling seamless access to users' bank accounts. This approach helps both developers and financial institutions navigate the complexities of financial infrastructure while maintaining oversight and security.

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.

Tabby Inc. is a financial services company based in the United Arab Emirates that offers payment solutions for online and in-store purchases. The company provides consumers in the UAE and Saudi Arabia with a buy now, pay later option, allowing them to choose between making a deferred single payment or paying in multiple installments. Tabby's proprietary decision engine facilitates instant checkouts, enabling customers to make purchases without incurring additional costs. This approach allows consumers to utilize flexible credit while ensuring secure payment methods.

Tabby Inc. is a financial services company based in the United Arab Emirates that offers payment solutions for online and in-store purchases. The company provides consumers in the UAE and Saudi Arabia with a buy now, pay later option, allowing them to choose between making a deferred single payment or paying in multiple installments. Tabby's proprietary decision engine facilitates instant checkouts, enabling customers to make purchases without incurring additional costs. This approach allows consumers to utilize flexible credit while ensuring secure payment methods.

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.

Lean Technologies Limited is a Saudi B2B company that specializes in providing a developer-friendly application programming interface (API) platform aimed at facilitating access to financial data and payment initiation for fintech companies. Founded in 2019 and headquartered in Riyadh, the company partners with financial institutions to create an integration layer that enhances existing systems while ensuring transparency and control over shared customer data. Lean offers a Universal API that allows fintechs to connect with multiple financial institutions through a single platform, thereby simplifying the integration process and enabling seamless access to users' bank accounts. This approach helps both developers and financial institutions navigate the complexities of financial infrastructure while maintaining oversight and security.

Sabbar is an on-demand staffing platform that specializes in blue-collar jobs in the retail, hospitality, and entertainment industry in MENA. Our platform enables businesses to hire casual staff during peak hours or high seasons by connecting them to highly qualified and fully vetted professionals. Additionally, we relieve our customers from associated administrative costs by streamlining a lengthy process that typically includes interviews, training, placement, shift scheduling, worker payments, and everything in-between. To learn more, visit: sabbar.com

Noon Academy is an online learning platform that facilitates collaborative and interactive education for students. Founded in 2013 and headquartered in Riyadh, Saudi Arabia, with additional offices in Cairo, Egypt, and Bengaluru, India, the platform boasts over six million registered users. Noon Academy allows students to engage in group studies, compete with peers, and access on-demand tutoring, while also providing teachers with opportunities to build a following and earn income based on performance and reviews. The platform integrates social and gamification elements, enhancing the learning experience through study groups, peer engagement, and contests. With a notable growth in active users, Noon Academy is recognized as a leading e-learning platform in Saudi Arabia and Egypt, and is preparing to expand its reach into India, Iraq, and Pakistan.