Merak Capital
Merak Capital is a licensed company by the CMA to manage private investment funds, investor portfolios, and advise on financial securities, under the license number 18194-32, with a specialized focus on technology investments. Investments are done across different asset classes, with a primary focus on equities. In the private equity class, as well as venture capital, the main regions of operation are KSA and MENA. In public equities, investments operate on global stock exchanges. At Merak Capital we focus on technology as the main driver for growth across the globe, and specifically in Saudi Arabia and the MENA region. We build our internal teams around technological research and understanding, staying at the forefront of breakthrough software and hardware, and finding investment opportunities that are aligned with adoption cycles from different sectors. Nowadays, most businesses and sectors are becoming digitized to stay relevant and compete with new entrants. Technological integration shifted from a luxury and a competitive advantage to a must-have for businesses and governments alike. Merak Capital is positioned to lead investments in this transition as well as unlock new markets and venues for growth, enabled by technological innovation and the entrepreneurial spirit.
Lawazem establishes itself as the premier B2B e-commerce platform dedicated to office supplies and procurement. By centralizing all operational purchases, from stationery and groceries to cleaning materials, IT essentials, and printing requirements, it offers a one-stop solution for all office-related needs.
Arib is a FinTech company. Arib a digital broker for all financing products.
Private Equity Round in 2022
MasterWorks assists businesses and technology in collaborating to protect existing data investments and unlock their business value through the use of the most advanced tools, technologies, and methodologies. They specialize in products and services such as data management, artificial intelligence, data strategy, API management, software development, and robotic process automation.
BitOasis is a cryptocurrency trading platform offering a digital asset wallet and exchange to buy, sell, and trade. Its multi-signature wallet and exchange service focus on cash-based emerging markets that enable enterprises to protect their assets while adding an extra layer of security. The company was co-founded in 2015 by Ola Doudin and Daniel Robenek.
Qoyod.com is a web-based accounting solution that targets KSA based-SMEs. Users can seamlessly issue invoices and manage expenses/budgets while automatically recording corresponding journal entries (i.e., Qoyod/قيود in Arabic). Users are also able to populate their financial statements and business reports for both commercial and statutory requirements within KSA.
Loyyal leverages blockchain and smart contract technology to provide loyalty and rewards network infrastructure solutions. It introduces interoperability to the currently fragmented industry, multi-branded coalitions, superior program liability management and dynamic issuance/redemption options customized for each unique relationship.
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