Hala Ventures

Nearpay is a fintech startup based in Saudi Arabia, dedicated to simplifying payment processes for merchants. The company develops financial payment software that provides convenient payment solutions through smartphones, allowing merchants to accept contactless payments without requiring credit or debit cards. This innovation particularly benefits small store owners, shipping representatives, and food delivery partners by enabling them to collect payments easily and efficiently. Nearpay's mission is to create a secure and accessible payment infrastructure that enhances the overall transaction experience for various businesses.

Nearpay is a fintech startup based in Saudi Arabia, dedicated to simplifying payment processes for merchants. The company develops financial payment software that provides convenient payment solutions through smartphones, allowing merchants to accept contactless payments without requiring credit or debit cards. This innovation particularly benefits small store owners, shipping representatives, and food delivery partners by enabling them to collect payments easily and efficiently. Nearpay's mission is to create a secure and accessible payment infrastructure that enhances the overall transaction experience for various businesses.

VUZ is a leading immersive social application that allows users to stream and engage with XR and Metaverse digital experiences featuring a high level of realism. The platform connects the physical and virtual worlds, offering the largest premium library of exclusive immersive content, with over 20,000 hours covering entertainment, sports, and various creator segments. VUZ aims to foster global connections by providing authentic immersive experiences, thereby overcoming travel, time, and access constraints for billions of users worldwide. Established in 2017, the company operates offices in Los Angeles, Dubai, and Riyadh, and its application supports live streaming of virtual sports, talk shows, music, and events, enhancing user engagement through immersive technologies.

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.

VUZ is a leading immersive social application that allows users to stream and engage with XR and Metaverse digital experiences featuring a high level of realism. The platform connects the physical and virtual worlds, offering the largest premium library of exclusive immersive content, with over 20,000 hours covering entertainment, sports, and various creator segments. VUZ aims to foster global connections by providing authentic immersive experiences, thereby overcoming travel, time, and access constraints for billions of users worldwide. Established in 2017, the company operates offices in Los Angeles, Dubai, and Riyadh, and its application supports live streaming of virtual sports, talk shows, music, and events, enhancing user engagement through immersive technologies.

Paymennt is a mobile-first payments platform that facilitates online and in-person transactions, as well as payments through links. It primarily serves micro and small businesses, emphasizing simplicity and efficiency in its payment solutions. Originally founded as PointCheckout Holding Company Ltd in 2017, the company is headquartered in Dubai, United Arab Emirates, with an additional office in Amman, Jordan. It specializes in providing an online payment gateway that allows users to redeem and spend loyalty points and miles.

Paymennt is a mobile-first payments platform that facilitates online and in-person transactions, as well as payments through links. It primarily serves micro and small businesses, emphasizing simplicity and efficiency in its payment solutions. Originally founded as PointCheckout Holding Company Ltd in 2017, the company is headquartered in Dubai, United Arab Emirates, with an additional office in Amman, Jordan. It specializes in providing an online payment gateway that allows users to redeem and spend loyalty points and miles.

Paymennt is a mobile-first payments platform that facilitates online and in-person transactions, as well as payments through links. It primarily serves micro and small businesses, emphasizing simplicity and efficiency in its payment solutions. Originally founded as PointCheckout Holding Company Ltd in 2017, the company is headquartered in Dubai, United Arab Emirates, with an additional office in Amman, Jordan. It specializes in providing an online payment gateway that allows users to redeem and spend loyalty points and miles.

Enhance Ventures is a venture builder based in Dubai, United Arab Emirates, established in 2016. It specializes in developing online businesses that provide life-enhancing products and services primarily in the Middle East, North Africa, Pakistan, and Turkey (MENAPT) region. The firm has a notable portfolio, which includes joi, the leading online gifting platform in the Middle East. Enhance Ventures is backed by a diverse group of investors, including prominent venture capital funds and angel investors from the Middle East, Europe, and the United States, reflecting its commitment to fostering innovation and entrepreneurship in the finance and commerce sectors.

Telfaz11 is a media production company based in Riyadh, Saudi Arabia, founded in 2011. It operates an Arabic multi-channel network that focuses on talent management, comedy, entertainment, and content creation. The company specializes in producing and distributing engaging online content, partnering with video platforms to deliver captivating series and films that resonate with local audiences while maintaining universal appeal. Telfaz11 influences social trends and provides opportunities for brands to promote themselves through its creative entertainment offerings, ensuring a blend of entertainment and brand promotion within its network.

Magnitt, Inc. is a Dubai-based platform founded in 2014 that connects investors, mentors, and startups in the Middle East and North Africa (MENA) region. It operates a comprehensive database featuring over 5,500 startups and more than 200 investors, facilitating networking and collaboration among various stakeholders in the entrepreneurial ecosystem. The platform provides valuable investment-related information and analytical insights, assisting startups in securing funding and talent while enabling investors and corporates to make informed decisions. Magnitt serves as a vital resource for emerging companies and investors looking to engage in the MENA market.

Democrance is an insurance technology company based in Dubai, United Arab Emirates, founded in 2015. It specializes in developing software that facilitates the distribution, servicing, and administration of insurance policies across the Middle East and Northern Africa. The company focuses on providing insurance solutions to underinsured and uninsured populations in emerging markets, offering a range of products from micro-insurance to traditional policies. Democrance's platform enables low-income families to access life and health insurance programs conveniently through mobile devices, while also providing essential industry expertise, project management, customer management, and claim management services.

Dailymealz is a food delivery platform based in Riyadh, Saudi Arabia, founded in 2017. The company focuses on promoting healthy eating by connecting customers with top healthy food restaurants in Saudi Arabia and Kuwait. Dailymealz offers a subscription service that allows users to select healthy meals for delivery on a weekly or monthly basis. With a commitment to authentic taste and nutrition, the platform provides a diverse selection of local products, simplifying the process of enjoying nutritious meals at home. The integration of skilled chefs and efficient logistics ensures that customers receive quality meals delivered to their doorsteps.