Hakbah Fintech is an innovative startup based in Saudi Arabia that focuses on transforming financial savings through a unique social savings model. The company aims to simplify and enhance the savings experience for individuals by offering a digital platform that facilitates the creation and management of savings groups. Users can join existing groups or establish their own, allowing them to save collaboratively with others. The platform supports various savings methods, including time-based contributions, and enables users to conveniently pay installments via debit cards. When it's their turn, participants can easily withdraw funds to their bank accounts, thereby empowering them to take control of their savings in a hassle-free manner. Hakbah's mission is to make savings more accessible to everyone, positively impacting financial habits and social interaction around saving.
SpiderSilk
Venture Round in 2023
SpiderSilk is a Dubai-based cybersecurity firm founded in 2019, specializing in advanced simulations of cyberattacks to help organizations enhance their security defenses. The company utilizes a combination of proprietary machine-driven technology and human ethical hackers to identify vulnerabilities and security exploits in applications across public and internal infrastructures. By conducting adversarial simulations and continuous scans of the open internet, SpiderSilk enables companies to effectively identify and manage potential threats. Its enterprise security testing services are complemented by robust advisory offerings that provide organizations with valuable insights into areas for improvement and best security practices. SpiderSilk has successfully uncovered critical threats that could have affected over 120 million individuals, demonstrating its significant impact in the cybersecurity landscape.
Democrance
Venture Round in 2023
Democrance is an insurance technology company founded in 2015 and based in Dubai, United Arab Emirates. It specializes in developing software that allows insurers and insurance brokers to distribute, service, and administer a range of insurance products, including micro-insurance, in the Middle East and Northern Africa. The company's platform aims to democratize access to insurance by providing affordable life and health insurance options to underinsured and uninsured populations in emerging markets. Through its innovative technology, Democrance enables individuals to purchase insurance via mobile phones, enhancing accessibility for low-income families and addressing the needs of underserved communities.
Hakbah Fintech is an innovative startup based in Saudi Arabia that focuses on transforming financial savings through a unique social savings model. The company aims to simplify and enhance the savings experience for individuals by offering a digital platform that facilitates the creation and management of savings groups. Users can join existing groups or establish their own, allowing them to save collaboratively with others. The platform supports various savings methods, including time-based contributions, and enables users to conveniently pay installments via debit cards. When it's their turn, participants can easily withdraw funds to their bank accounts, thereby empowering them to take control of their savings in a hassle-free manner. Hakbah's mission is to make savings more accessible to everyone, positively impacting financial habits and social interaction around saving.
Zid is a cloud-based multi-channel commerce platform tailored for small and medium-sized businesses in Saudi Arabia. Founded in 2017 and headquartered in Riyadh, Zid enables merchants to create their own branded eStores while integrating with various supply chain players. The platform offers a comprehensive suite of tools that allow users to manage products and inventory, process orders and payments, ship products, and build customer relationships. It also provides analytics and reporting features, facilitating data-driven decision-making, and offers access to financing options. Zid's mission is to simplify the entry of retailers into electronic commerce, making it accessible and professional for businesses in the region.
Hire at enterprise scale without enterprise complexity. Since 2019, Elevatus has been rigorously implementing the latest in AI technology and modern science to design award-winning recruiting solutions that are revolutionizing the future of HR. Through these solutions, hundreds of companies from all over the world have been able to hire and assess over 1 million candidates to date. Elevatus helps enterprises, industry giants, startups, and brands from all around the globe centralize their core HR processes under one unified umbrella – to create a faster and more cost-efficient hiring experience. Today, Elevatus is a multi-award-winning software company headquartered in Saudi Arabia; with a growing client base, first-class awards, and legions of talented people in our team.
Tabby Inc. is a financial technology company based in the United Arab Emirates that offers innovative payment solutions for online and offline shopping. The company specializes in a buy now, pay later service, providing consumers in the UAE and Saudi Arabia with flexible payment options. Customers can choose to pay for their purchases either in a single deferred payment or in multiple installments, allowing them to manage their spending and enhance their shopping experience. Through its platform, Tabby aims to reshape the relationship between consumers and money, promoting financial freedom and responsible spending.
Arrow Labs
Series A in 2021
Arrow Labs is a mobility software manufacturer based in Dubai, specializing in niche applications and solutions for workforce management. The company offers a state-of-the-art mobility platform, Arrow Labs MIMS, designed to meet the needs of today's modern workforce. By leveraging machine learning, process automation, and workforce optimization technologies, Arrow Labs develops solutions that enhance the management of field resources through smart technology wearables and services. Their modular system caters to various sectors, including facility management, hospitality, logistics, security, and transport, enabling clients to achieve improved efficiencies, increased productivity, and reduced operating costs. With extensive experience in designing critical medium and large-scale solutions, Arrow Labs is committed to delivering innovative mobility solutions tailored to address specific requirements in a demanding environment.
Democrance
Venture Round in 2021
Democrance is an insurance technology company founded in 2015 and based in Dubai, United Arab Emirates. It specializes in developing software that allows insurers and insurance brokers to distribute, service, and administer a range of insurance products, including micro-insurance, in the Middle East and Northern Africa. The company's platform aims to democratize access to insurance by providing affordable life and health insurance options to underinsured and uninsured populations in emerging markets. Through its innovative technology, Democrance enables individuals to purchase insurance via mobile phones, enhancing accessibility for low-income families and addressing the needs of underserved communities.
Minly Ltd is an online platform based in Abu Dhabi, United Arab Emirates, that facilitates connections between celebrities and fans through personalized experiences. Founded in 2020, Minly allows fans to request customized video messages from a variety of celebrities, including actors, singers, and athletes, for special occasions such as birthdays and anniversaries. The platform also supports additional forms of engagement, such as direct text messages and voice notes, enhancing the overall experience for fans. By bridging the gap between celebrities and their admirers, Minly provides unique opportunities for unforgettable interactions. In addition to its core offerings, Minly is committed to making a positive impact by partnering with local non-profit organizations focused on social development and community support in the region.
Red Sea Farms
Series A in 2021
Red Sea Farms is a company based in Thuwal, Saudi Arabia, specializing in sustainable agriculture solutions tailored for saltwater and desert environments. It focuses on developing innovative technologies that enhance produce cultivation while conserving water and energy. The company offers a range of products and services, including technical consultancy, design, and project management for greenhouse and hydroponic farming systems. With its patent-pending technology, Red Sea Farms aims to enable farms to produce higher quality food more efficiently, ultimately increasing profitability in an environmentally sustainable manner.
Mamo is a Fintech startup based in Dubai, UAE, focused on providing innovative payment and financial solutions tailored for small and medium-sized enterprises (SMEs). The company operates under a Cat 3C Providing Money Services license from the Dubai Financial Services Authority, making it the first licensed Fintech startup in this category in the region. Mamo's flagship offering, Mamo Business, serves as an alternative to traditional banking for SMEs, combining payments, spend management, and analytics into a user-friendly platform. This platform enables businesses to accept payments globally in multiple currencies, manage expenses, and issue virtual cards, thereby streamlining financial operations and enhancing payment success rates. Mamo's diverse customer base includes a variety of sectors, such as B2B services, healthcare, tourism, and retail, making it a crucial partner for businesses looking to optimize their financial processes.
Zid is a cloud-based multi-channel commerce platform tailored for small and medium-sized businesses in Saudi Arabia. Founded in 2017 and headquartered in Riyadh, Zid enables merchants to create their own branded eStores while integrating with various supply chain players. The platform offers a comprehensive suite of tools that allow users to manage products and inventory, process orders and payments, ship products, and build customer relationships. It also provides analytics and reporting features, facilitating data-driven decision-making, and offers access to financing options. Zid's mission is to simplify the entry of retailers into electronic commerce, making it accessible and professional for businesses in the region.
SpiderSilk
Seed Round in 2021
SpiderSilk is a Dubai-based cybersecurity firm founded in 2019, specializing in advanced simulations of cyberattacks to help organizations enhance their security defenses. The company utilizes a combination of proprietary machine-driven technology and human ethical hackers to identify vulnerabilities and security exploits in applications across public and internal infrastructures. By conducting adversarial simulations and continuous scans of the open internet, SpiderSilk enables companies to effectively identify and manage potential threats. Its enterprise security testing services are complemented by robust advisory offerings that provide organizations with valuable insights into areas for improvement and best security practices. SpiderSilk has successfully uncovered critical threats that could have affected over 120 million individuals, demonstrating its significant impact in the cybersecurity landscape.
Tabby Inc. is a financial technology company based in the United Arab Emirates that offers innovative payment solutions for online and offline shopping. The company specializes in a buy now, pay later service, providing consumers in the UAE and Saudi Arabia with flexible payment options. Customers can choose to pay for their purchases either in a single deferred payment or in multiple installments, allowing them to manage their spending and enhance their shopping experience. Through its platform, Tabby aims to reshape the relationship between consumers and money, promoting financial freedom and responsible spending.
Lean Technologies
Seed Round in 2020
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.
Ogram is a Dubai-based company that operates a human-cloud platform designed to offer on-demand temporary staffing solutions. The platform serves as a freelance marketplace that connects clients with temporary workers across various sectors, including food and beverage, hospitality, retail, e-commerce, and logistics. By addressing common staffing challenges such as limited access to reliable personnel, lengthy onboarding processes, and short-notice staffing needs, Ogram facilitates the placement, scheduling, coordination, and replacement of staff. The company provides tailored service lines that meet diverse client requirements, allowing businesses to efficiently book and manage the manpower they need.
Mamo is a Fintech startup based in Dubai, UAE, focused on providing innovative payment and financial solutions tailored for small and medium-sized enterprises (SMEs). The company operates under a Cat 3C Providing Money Services license from the Dubai Financial Services Authority, making it the first licensed Fintech startup in this category in the region. Mamo's flagship offering, Mamo Business, serves as an alternative to traditional banking for SMEs, combining payments, spend management, and analytics into a user-friendly platform. This platform enables businesses to accept payments globally in multiple currencies, manage expenses, and issue virtual cards, thereby streamlining financial operations and enhancing payment success rates. Mamo's diverse customer base includes a variety of sectors, such as B2B services, healthcare, tourism, and retail, making it a crucial partner for businesses looking to optimize their financial processes.
SpiderSilk
Seed Round in 2020
SpiderSilk is a Dubai-based cybersecurity firm founded in 2019, specializing in advanced simulations of cyberattacks to help organizations enhance their security defenses. The company utilizes a combination of proprietary machine-driven technology and human ethical hackers to identify vulnerabilities and security exploits in applications across public and internal infrastructures. By conducting adversarial simulations and continuous scans of the open internet, SpiderSilk enables companies to effectively identify and manage potential threats. Its enterprise security testing services are complemented by robust advisory offerings that provide organizations with valuable insights into areas for improvement and best security practices. SpiderSilk has successfully uncovered critical threats that could have affected over 120 million individuals, demonstrating its significant impact in the cybersecurity landscape.
Kitopi is a Kitchen as a Service (KaaS) platform that provides restaurants with the essential infrastructure and software needed to establish delivery-only locations efficiently and cost-effectively. Founded in 2018 by Mohamad Ballout, Saman Darkan, Bader Ataya, and Andy Arenas, the company operates a network of over 60 cloud kitchens across the United Arab Emirates, Saudi Arabia, Kuwait, and Bahrain. Kitopi's offerings include kitchen infrastructure, management services, call assistance, delivery management, trained staff, and industry-specific technology, allowing restaurateurs to focus on their culinary creations while minimizing capital expenditure and time. Although Kitopi expanded into the United States in 2019, it exited the market following the onset of the pandemic.
MUNCH:ON is a food tech startup that has cracked the subscription space in the UAE & KSA, focusing on offering meals from the best restaurants at a significant discount and with free delivery. The company has invested heavily in its scheduling, bundling and order prediction software which has enabled it to achieve massive cost savings for its restaurant partners that they then pass on to their users, often offering up to a 55% discount vs. restaurants' regular price. Whether it's employees ordering from their company's curated menu or users ordering for their families at home, the platform takes the usual hassle and cost out of food delivery in a financially (and environmentally) sustainable manner for all stakeholders
HolidayMe
Series C in 2018
HolidayMe is an online travel portal established in 2013, operating under the registered trademark of Traveazy DMCC and headquartered in Dubai, UAE. The company specializes in providing a comprehensive online travel booking platform that allows customers to plan their holidays with ease. It offers a wide range of services, including hotel bookings, customized travel packages, and booking vouchers, catering to both B2B and B2C markets. HolidayMe focuses on enhancing the travel experience for its users by providing tailored solutions that meet the diverse needs of travelers. With additional offices in Pune, Jeddah, and Cairo, the company has gained recognition in the travel industry, particularly within the GCC region, for its commitment to quality service and customer satisfaction.
Arrow Labs
Series A in 2018
Arrow Labs is a mobility software manufacturer based in Dubai, specializing in niche applications and solutions for workforce management. The company offers a state-of-the-art mobility platform, Arrow Labs MIMS, designed to meet the needs of today's modern workforce. By leveraging machine learning, process automation, and workforce optimization technologies, Arrow Labs develops solutions that enhance the management of field resources through smart technology wearables and services. Their modular system caters to various sectors, including facility management, hospitality, logistics, security, and transport, enabling clients to achieve improved efficiencies, increased productivity, and reduced operating costs. With extensive experience in designing critical medium and large-scale solutions, Arrow Labs is committed to delivering innovative mobility solutions tailored to address specific requirements in a demanding environment.
Tarjama is a certified translation agency based in Dubai that offers a comprehensive suite of language-related services. Recognizing the importance of effective communication in today's global market, Tarjama provides translation, proofreading, transcription, content writing, and subtitling services, allowing businesses to connect with customers and stakeholders in culturally relevant ways. With a smart language platform, the agency enables organizations to produce and manage multilingual content efficiently, addressing the unique linguistic and cultural needs of the Middle East. By leveraging its expertise, Tarjama helps clients transcend geographic borders and engage effectively in diverse markets.