Shorooq Partners

Founded in 2017 and based in Abu Dhabi, Shorooq Partners is a prominent investment firm specializing in venture capital and private credit across the Middle East and North Africa regions. With additional offices in Riyadh, Manama, Cairo, and Dubai, the firm focuses on investing in innovative technology companies, particularly in sectors such as fintech, gaming, climate, cleantech, and Web 3.0. Shorooq Partners emphasizes building partnerships with founders, supporting company development, and acting as value investors. The firm has established a strong portfolio, backing several market-leading disruptors including Pure Harvest Smart Farms and Tamara. Operating under a cohesive business name, Shorooq Partners comprises a group of affiliated companies, with its principal entity regulated by the Abu Dhabi Global Market Financial Services Regulatory Authority.

Tamer Azer

Partner

Kunal Savjani

Managing Partner

Shane (You Keun) Shin

Co-Founder and Managing Partner

Omer Zabit

Principal

Tina Daher

Principal

Nathan Kwon

Principal and Korea Lead

144 past transactions

NymCard

Series B in 2025
NymCard is a payment processing platform founded in 2016, operating from Abu Dhabi, United Arab Emirates, with a focus on enhancing the digital payment landscape in Africa and the Middle East. The company specializes in providing an issuer processor solution that allows banks and financial institutions to offer innovative digital payment products, including plastic, virtual, and tokenized cards. NymCard's advanced infrastructure and user-friendly mobile wallet solutions facilitate quick account setup and immediate access to smart payment cards, promoting efficient and secure online transactions. By leveraging open APIs and mobile SDKs, NymCard aims to address the low penetration of payment cards in these regions, thereby driving greater participation in the digital economy.

CQR

Seed Round in 2025
CQR dedicate ourselves to providing unparalleled protection, blending proactive strategies, cutting-edge tech, and guidance.

The Box Self Storage Services

Debt Financing in 2025
The Box Self Storage Services LLC offers comprehensive storage solutions for both domestic and commercial clients, ensuring complete protection for their goods. The company provides 24-hour access to stored items, allowing clients the flexibility to retrieve their belongings at any time. In addition to secure storage, The Box offers insurance coverage for goods against unexpected damage during unforeseen events. The company specializes in moving and relocation services throughout Dubai and the UAE, tailoring customized relocation plans to meet individual needs and budgets. A dedicated relocation expert oversees the loading and unloading process, ensuring that items are handled safely and remain undamaged.

Halo AI

Seed Round in 2025
Halo AI provides autonomous influencer marketing solutions.

Amwal Tech

Seed Round in 2025
Amwal Tech specializes in providing a biometric authentication platform that streamlines the payment process through a single API. Their technology integrates identity verification, fraud prevention, and payment processing, enhancing the security and efficiency of digital transactions. This solution caters to various sectors, including eCommerce, banking, and fintech, allowing businesses to authenticate and secure their customers across multiple devices and channels. By offering a frictionless 1-click checkout experience, Amwal Tech aims to improve payment acceptance and reduce the risk of fraud for financial institutions, merchants, and payment providers.

Pemo

Seed Round in 2024
Pemo is a comprehensive spend management solution designed to streamline financial processes for small and medium enterprises in the MENAP region. The platform integrates smart corporate cards, invoice payment systems, and expense tracking features to provide businesses with complete visibility and control over their expenditures. With tools for accounting automation and real-time reporting, Pemo enables efficient management of employee expenses, allowing organizations to save time and reduce administrative burdens. By centralizing invoicing, approvals, and spending decisions, Pemo empowers businesses to focus on growth while maintaining financial oversight.

Corgea

Seed Round in 2024
Corgea develops data privacy and security solutions enabling companies to easily identify, track, and secure sensitive data. The solution also helps companies ensure that they comply with relevant regulations and standards, such as GDPR, HIPAA, and PCI-DSS.

Colabs

Series A in 2024
Colabs is a leading collaborative workspace in Pakistan, designed to foster growth for individuals and businesses. The company focuses on inspiring collaboration, productivity, and innovation within its community. By providing essential resources and a supportive network, Colabs aims to help individuals realize their potential and encourages a culture of ambition and innovation among a new generation of change-makers. In addition to coworking spaces, Colabs offers various back-office solutions, including company registration, talent sourcing and management, payroll processing, and legal and tax compliance. This comprehensive approach allows businesses to streamline their operations, enabling them to concentrate on growth and success.

Prypco

Seed Round in 2024
We are building the region’s leading real estate ecosystem, providing Real Estate Freedom for all. We open the doors to the entire real estate ecosystem, enabling everyone to access all things real estate without restrictions, hassles, or financial barriers. We empower our partners with the information and tools they need to succeed, ensuring they have everything required to navigate the market and achieve their goals. Real Estate Freedom is not just a concept—it's our promise. Our verticals include: - PRYPCO Mortgage - PRYPCO Exclusives - PRYPCO Golden Visa - PRYPCO Blocks

Mala

Pre Seed Round in 2024
Mala provides a buy now, pay later (BNPL) solution specifically designed for B2B transactions in the MENA region. The platform enables businesses to manage their cash flow more effectively while making purchases.

Abhi

Debt Financing in 2024
Abhi is a financial wellness platform based in Pakistan, founded in 2021, that focuses on providing salary advances to employees based on their accrued wages. The platform enables users to withdraw a portion of their earned salary directly into their bank accounts, thereby offering a solution to immediate financial needs without hidden charges. In addition to its salary advance services, Abhi supports employers by streamlining payroll processes and reducing the administrative burden on HR and finance departments. The company aims to enhance financial access and flexibility for employees while ensuring timely payments for employers, ultimately transforming the way individuals manage their finances.

Settle Payments

Pre Seed Round in 2024
SETTLE automates enterprise's payments and manages all their bank accounts in one place for better cashflow decisions.

Intelmatix

Series A in 2024
Intelmatix is a deep-tech artificial intelligence company that specializes in creating tailored solutions to address challenges across various sectors. The company has developed an advanced AI platform designed to enhance organizational efficiency by integrating domain knowledge with data sensing, processing, analysis, and interaction. This platform facilitates the development of automated systems that account for complexities both within and between sectors, empowering organizations to transform their operational strategies and improve their current practices.

44.01

Series A in 2024
44.01 is a company focused on the permanent elimination of carbon dioxide from the atmosphere through a process of mineralization in peridotite, a rock known for its natural ability to absorb CO2. By employing advanced technology, 44.01 accelerates the weathering process, transforming captured carbon dioxide into solid rock, thereby ensuring its safe and efficient removal from the environment. The company's services are designed to assist various industries in achieving their carbon reduction goals while contributing to the ongoing efforts to combat climate change.

DealCart

Seed Round in 2024
DealCart is a company that operates a social commerce platform aimed at facilitating group buying among users. By allowing individuals to purchase products collectively, the platform helps reduce costs and promotes community engagement. Users can discuss offers and share deals through popular social media channels like WhatsApp. The focus is on providing affordable products in a gamified and interactive format, enhancing the shopping experience. Additionally, DealCart offers free delivery services, making it easier for users to enjoy the benefits of group purchasing while fostering connections within the community.

Penny Software

Seed Round in 2024
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.

Baycon

Seed Round in 2024
Baycon is a telecom company that offers mobile network services.

MANTRA DAO

Series A in 2024
MANTRA develops a vertically-integrated and regulatory-compliant blockchain ecosystem. It allows users around the world to trade, issue, and earn from both digital assets and tokenized securities alike.

Ad-Shield

Seed Round in 2024
Ad-Shield is a company that provides advanced technology to help publishers recover revenue lost to ad blockers. The platform is designed to assist websites in managing ad-blocking issues by automatically rendering ads in compliance with the Better Ads Standards. This approach not only enhances user experience and security but also allows publishers to monetize traffic that would otherwise be lost to ad blockers. Ad-Shield enables publishers to monitor ad-blocking activities and customize their web browsers with plugin software to effectively manage advertising content on their pages. Through its innovative solutions, Ad-Shield aims to maintain a balance between generating revenue for publishers and ensuring a positive browsing experience for users.

Allub Home

Series A in 2024
At Allub Home, we believe finding your dream property should be an exciting and seamless experience, whether you’re a developer, an agent, or a homebuyer. We’re a dynamic real estate marketplace designed to bridge the gap between developers, agencies, agents, and consumers, creating a unified platform where the search for property is simple, transparent, and efficient. For developers and agencies, Allub Home provides a powerful tool to showcase new projects and existing properties to a broad audience. We offer advanced features to help you present your listings in the best light, connecting you with potential buyers in a competitive market. For real estate agents, our platform serves as a comprehensive marketplace, helping you expand your reach and engage with more clients. With our intuitive interface, you can easily manage listings, connect with leads, and close deals faster. For homebuyers and renters, Allub Home makes the search for your perfect property easier than ever. With detailed listings, virtual tours, and real-time availability updates, you can explore a wide variety of homes, from new developments to resale properties, all from the comfort of your device. At Allub Home, we’re committed to simplifying the real estate journey for everyone involved. Whether you’re looking to sell, buy, or rent, our platform is here to make the process smarter, faster, and more convenient. Welcome to Allub Home — your trusted partner in the world of real estate.

DXwand

Series A in 2024
DXwand, LLC is a company that specializes in artificial intelligence-driven cognitive CRM software, aimed at enhancing online customer relationships through automated and personalized interactions across various social channels. Founded in 2018 and headquartered in Cheyenne, Wyoming, DXwand offers a platform that enables businesses to develop, host, and manage chatbots capable of engaging with customers via applications like Facebook Messenger, WhatsApp, and email, among others. This technology allows for 24/7 interaction, facilitating tasks such as sales, order tracking, and generating insights from customer conversations. By leveraging AI and machine learning, DXwand's platform not only improves customer engagement but also provides businesses with critical analytics to support informed decision-making and drive growth.

Tamara

Series C in 2023
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.

Lendo

Series B in 2023
Lendo is an alternative lending marketplace that helps digitally finance small and medium-sized enterprises (SMEs) in Saudi Arabia. Lendo was granted the first Crowdlending (debt financing) licensed in Saudi Arabia, and received the Excellence in Finance Leaders Award from FiNext Awards. Lendo’s products and solutions make everyday business activities easier, more secure, and more efficient for both investors and borrowers alike.

Immensa

Series B in 2023
Immensa is a company focused on transforming the spare parts supply chain for the energy industry through digital inventory services. It specializes in additive manufacturing, employing three-dimensional printing strategies and rapid prototyping to create on-demand spare parts. By collaborating with leading original equipment manufacturers (OEMs) and energy companies, Immensa facilitates the transition to digital warehousing, allowing clients to manage their inventories more effectively and efficiently. The company also identifies and qualifies new materials for parts and engages in reverse engineering, enabling a more economically viable approach to spare parts management in the global oil and energy sectors.

Retailo

Venture Round in 2023
Retailo is an online B2B marketplace focused on digitizing the retail supply chain in the MENAP region. Founded in July 2020 by former Careem executives, the company is headquartered in Riyadh, Saudi Arabia. Retailo has rapidly emerged as a leading startup, serving over 35,000 active retailers who can access more than 2,000 stock-keeping units (SKUs) through its app, with deliveries made within 24 hours of order placement. The company operates multiple warehouses across various cities in the MENAP region, managing a vast inventory from hundreds of brands, including direct partners. With a workforce of over 500 employees, Retailo processes tens of thousands of orders each month. Its mission is to simplify retail operations and enhance supply chain accessibility, aiming to unlock the earning potential of 10 million small and medium-sized enterprise retailers across the region and contribute to the overall economic growth.

Tamara

Debt Financing in 2023
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.

Triple-

Series A in 2023
Triple-A is a digital currency payment institution that facilitates transactions in both traditional and digital currencies without the associated volatility. The company provides a comprehensive payment platform offering end-to-end services, including crypto payments, payouts, and remittances, which can be seamlessly integrated into existing business operations through API and no-code solutions. Licensed by the Monetary Authority of Singapore and recognized by regulatory bodies in the EU and the United States, Triple-A maintains high standards of security and compliance. With a client base of over 20,000 businesses, it simplifies the process of accepting payments in various currencies, enabling companies to expand their customer reach and enhance growth opportunities.

Pearl Semiconductor

Seed Round in 2023
Pearl Semiconductor is a fabless semiconductor company that specializes in the development of reference clocks and clock generators utilizing piezoelectric MEMS resonators integrated with CMOS technology. The company focuses on providing high-performance timing integrated circuits (ICs) tailored for various industries, including industrial, networking, telecommunications, and automotive applications. Pearl Semiconductor's innovative manufacturing processes and patented IC design technologies enable the production of programmable reference clocks and integrated circuits that meet stringent performance requirements. By delivering a combination of advanced technology and competitive pricing, Pearl Semiconductor aims to address the specific needs of its customers across these demanding sectors.

Dharma

Seed Round in 2023
Dharma operates a travel brand-as-a-service platform that specializes in hosting group trips led by influential individuals and brands. The company collaborates with clients to develop customized travel portfolios, offering a range of services including distribution audits, product planning, budgeting, website and application development, compliance management, and sales support. Additionally, Dharma provides guest-facing applications and ensures quality control and risk management, allowing clients to effectively create and manage group travel experiences for their communities. By focusing on the needs of both clients and travelers, Dharma aims to redefine the future of travel brands.

Virtualness

Venture Round in 2023
Virtualness is a mobile-first platform focused on assisting brands and creators in navigating the complex landscape of Web3. It is dedicated to supporting artists by developing a comprehensive guide for accessible design, efficient sharing, and seamless digital commerce. The platform enables interaction across various social media channels, allowing creators and brands to design and showcase their branded digital collectibles. Through these features, Virtualness aims to unlock new channels for monetization, providing essential tools for success in the evolving digital marketplace.

The Food Lab

Seed Round in 2023
The Food Lab operates a cloud kitchen platform in Egypt, serving as an infrastructure provider for the country's extensive food and beverage industry, which comprises approximately 400,000 restaurants. The company offers a comprehensive range of services designed to enhance restaurant operations and expand their market reach. By managing shared kitchen facilities, The Food Lab streamlines processes such as ingredient procurement, order aggregation, food preparation, and delivery. This integrated approach allows restaurants to centralize their operational data within a single platform, enabling them to focus on building their brand equity while improving overall efficiency.

Dtonic

Venture Round in 2023
Dtonic is a spin-off from Hyundai Motor Company that focuses on Spatio-Temporal big data solutions. Its primary product, Geo-Hiker, acts as a middleware designed to enhance existing big data systems by improving the management, processing speed, and overall efficiency of Spatio-temporal data derived from various Industry 4.0 sectors, such as smart cities and transportation. By utilizing advanced AI-based indexing and machine learning algorithms, Geo-Hiker minimizes the need for extensive system migration and reduces total cost of ownership for clients. The middleware has been successfully deployed in various applications, including South Korea's COVID-19 contact tracing system, a Smart City Data Hub for efficient data handling, and an Electronic Smart Label solution for diverse environments like factories and hospitals. Dtonic aims to provide robust data-driven services that increase operational efficiency for organizations across multiple sectors.

qlub

Seed Round in 2023
Qlub offers a fast and secure payment solution designed specifically for the restaurant industry. Its platform enables restaurant, pub, and cafe owners to display their menus and accept payments in seconds. Customers can pay their bills quickly by scanning a QR code, allowing for a seamless transaction that takes about 10 seconds, all without the need to install an app or register. This efficiency enhances the dining experience for customers while improving workflow for staff, ultimately creating a more enjoyable atmosphere for all.

Aumet

Seed Round in 2023
Aumet is a platform designed to enhance sales for medical manufacturers and distributors by facilitating communication and collaboration. It enables users to share hospital inquiries, exchange business news, and search for products while connecting with potential clients. The platform allows suppliers to list their products and identify distributors interested in selling them across various countries. At the same time, distributors can connect with suppliers, explore new product offerings, and express their interests. By verifying connections between manufacturers and distributors, Aumet streamlines the process of matching supply with demand in the medical industry.

Proteinea

Convertible Note in 2023
Proteinea is a biotechnology company that specializes in developing biotherapeutics by utilizing advanced protein engineering techniques. The company has created a platform that employs proprietary artificial intelligence models and computational tools to design next-generation antibodies with enhanced efficacy, safety, and convenience. By integrating novel deep-learning models with smart experimental throughput, Proteinea aims to streamline the process of biologics design for antibody medicines. This innovative approach allows clients to evaluate the efficacy, yield, safety, and pharmacological properties of their products more effectively, ultimately leading to smarter and faster development of therapeutic solutions.

Amwal Tech

Pre Seed Round in 2023
Amwal Tech specializes in providing a biometric authentication platform that streamlines the payment process through a single API. Their technology integrates identity verification, fraud prevention, and payment processing, enhancing the security and efficiency of digital transactions. This solution caters to various sectors, including eCommerce, banking, and fintech, allowing businesses to authenticate and secure their customers across multiple devices and channels. By offering a frictionless 1-click checkout experience, Amwal Tech aims to improve payment acceptance and reduce the risk of fraud for financial institutions, merchants, and payment providers.

Santechture

Seed Round in 2023
Santechture is a healthcare technology company focused on transforming Revenue Cycle Management in Asia through advanced AI and cloud-based solutions. The company's Software as a Service products cater to both large and small healthcare providers, enabling them to develop more efficient revenue cycle processes. By offering multiple deployment options, Santechture's software assists administrative staff and medical professionals in patient management and medical coding, thereby reducing costs, increasing automation, maximizing accuracy, and safeguarding revenue. This comprehensive approach allows healthcare providers to address their diverse needs effectively.

Fuse Financial Technologies

Pre Seed Round in 2023
Fuse Finance specializes in providing a comprehensive payments infrastructure tailored for the Middle East and North Africa (MENA) region. The company enables international payments businesses to establish a presence in MENA by offering solutions that include the creation of local International Bank Account Numbers (IBANs) for customers. Its technology streamlines operations by facilitating interactions with local banks, running real-time reconciliations, and managing virtual accounts. Additionally, Fuse Finance supports clients in moving money both locally and internationally while ensuring compliance with local regulations. This infrastructure allows businesses to effectively reconcile customer funds and manage their financial operations within the region.

Dharma

Convertible Note in 2022
Dharma operates a travel brand-as-a-service platform that specializes in hosting group trips led by influential individuals and brands. The company collaborates with clients to develop customized travel portfolios, offering a range of services including distribution audits, product planning, budgeting, website and application development, compliance management, and sales support. Additionally, Dharma provides guest-facing applications and ensures quality control and risk management, allowing clients to effectively create and manage group travel experiences for their communities. By focusing on the needs of both clients and travelers, Dharma aims to redefine the future of travel brands.

Retailo

Convertible Note in 2022
Retailo is an online B2B marketplace focused on digitizing the retail supply chain in the MENAP region. Founded in July 2020 by former Careem executives, the company is headquartered in Riyadh, Saudi Arabia. Retailo has rapidly emerged as a leading startup, serving over 35,000 active retailers who can access more than 2,000 stock-keeping units (SKUs) through its app, with deliveries made within 24 hours of order placement. The company operates multiple warehouses across various cities in the MENAP region, managing a vast inventory from hundreds of brands, including direct partners. With a workforce of over 500 employees, Retailo processes tens of thousands of orders each month. Its mission is to simplify retail operations and enhance supply chain accessibility, aiming to unlock the earning potential of 10 million small and medium-sized enterprise retailers across the region and contribute to the overall economic growth.

Agroshift

Pre Seed Round in 2022
Agroshift is an agriculture startup that facilitates direct sales between farmers and businesses or consumers, eliminating intermediaries in the supply chain. By utilizing a digital platform, customers can place orders for high-quality, safe, and affordable food products, including vegetables, fruits, grains, and meat. Agroshift employs a micro-fulfillment model, collaborating directly with farmers and traders to meet daily sourcing needs. This approach not only provides workers in surrounding factories access to fresh produce but also supports local micro-retailers using the same infrastructure. Overall, Agroshift aims to enhance the agricultural supply chain by streamlining the ordering and delivery process while ensuring quality and affordability.

Lean Technologies

Secondary Market in 2022
Lean Technologies Limited, founded in 2019 and based in Riyadh, Saudi Arabia, is a FinTech startup that specializes in providing an application programming interface (API) platform for financial data applications. The company's API suite simplifies access to consumer financial data, allowing businesses to navigate the complexities of financial infrastructure with ease. By enabling seamless access to customers' financial information and facilitating instant bank transfers, Lean Technologies aims to enhance the accessibility, transparency, and utility of financial data and payments. This approach fosters a more inclusive and interconnected financial landscape, ultimately benefiting both consumers and businesses.

Levers

Pre Seed Round in 2022
Levers provides a software-as-a-service platform focused on accounts receivable management for B2B companies. The platform integrates seamlessly with existing accounting systems, enhancing the accounts receivable process through features such as personalized reminders, flexible payment options, and cross-team collaboration tools. By offering live monthly bookkeeping and actionable business intelligence, Levers enables businesses to reduce overdue payments, accelerate cash collection, and improve overall cash flow.

Tamara

Series B in 2022
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.

OneLoad

Series A in 2022
OneLoad is a fintech product developed by EP Systems, a subsidiary of Systems Limited, and is supported by funding from organizations such as the World Bank Group and the Bill & Melinda Gates Foundation. The company offers a digital wallet and payment platform aimed at enhancing financial inclusion and access to digital payments in Pakistan. By providing interoperability among various branchless banking services, OneLoad enables users, particularly those who are unbanked, to access a range of financial services through a single platform. This innovative approach seeks to streamline financial transactions and promote greater access to essential banking services for the mass market.

DealCart

Pre Seed Round in 2022
DealCart is a company that operates a social commerce platform aimed at facilitating group buying among users. By allowing individuals to purchase products collectively, the platform helps reduce costs and promotes community engagement. Users can discuss offers and share deals through popular social media channels like WhatsApp. The focus is on providing affordable products in a gamified and interactive format, enhancing the shopping experience. Additionally, DealCart offers free delivery services, making it easier for users to enjoy the benefits of group purchasing while fostering connections within the community.

Retailo

Debt Financing in 2022
Retailo is an online B2B marketplace focused on digitizing the retail supply chain in the MENAP region. Founded in July 2020 by former Careem executives, the company is headquartered in Riyadh, Saudi Arabia. Retailo has rapidly emerged as a leading startup, serving over 35,000 active retailers who can access more than 2,000 stock-keeping units (SKUs) through its app, with deliveries made within 24 hours of order placement. The company operates multiple warehouses across various cities in the MENAP region, managing a vast inventory from hundreds of brands, including direct partners. With a workforce of over 500 employees, Retailo processes tens of thousands of orders each month. Its mission is to simplify retail operations and enhance supply chain accessibility, aiming to unlock the earning potential of 10 million small and medium-sized enterprise retailers across the region and contribute to the overall economic growth.

Khazenly

Seed Round in 2022
Khazenly is an on-demand digital warehousing and fulfillment management platform designed to assist merchants in streamlining their logistical and operational processes. By leveraging artificial intelligence and big data, Khazenly provides an omnichannel solution that supports merchants and social commerce retailers in optimizing their fulfillment operations. The platform enables users to manage sales across various channels, including online stores, retail locations, and marketplaces, while offering critical services such as storage, order fulfillment, order delivery, and cash collection. This comprehensive approach allows e-commerce entrepreneurs to effectively meet their logistical needs and enhance their business operations.

NymCard

Series A in 2022
NymCard is a payment processing platform founded in 2016, operating from Abu Dhabi, United Arab Emirates, with a focus on enhancing the digital payment landscape in Africa and the Middle East. The company specializes in providing an issuer processor solution that allows banks and financial institutions to offer innovative digital payment products, including plastic, virtual, and tokenized cards. NymCard's advanced infrastructure and user-friendly mobile wallet solutions facilitate quick account setup and immediate access to smart payment cards, promoting efficient and secure online transactions. By leveraging open APIs and mobile SDKs, NymCard aims to address the low penetration of payment cards in these regions, thereby driving greater participation in the digital economy.

ZenLedger

Series B in 2022
ZenLedger, Inc. specializes in cryptocurrency tax management software, catering to both individual investors and tax professionals. Founded in 2017 and based in Bellevue, Washington, ZenLedger provides tools that allow users to import cryptocurrency transactions, calculate gains and income, and prepare tax returns. Its platform automates the generation of essential financial documents, including profit and loss statements, capital gains reports, and income reports, thereby simplifying the tax filing process for cryptocurrency activities. By streamlining portfolio management and reducing the complexities associated with tax compliance, ZenLedger aims to enhance the overall experience for users navigating the evolving landscape of blockchain economies.

Pemo

Seed Round in 2022
Pemo is a comprehensive spend management solution designed to streamline financial processes for small and medium enterprises in the MENAP region. The platform integrates smart corporate cards, invoice payment systems, and expense tracking features to provide businesses with complete visibility and control over their expenditures. With tools for accounting automation and real-time reporting, Pemo enables efficient management of employee expenses, allowing organizations to save time and reduce administrative burdens. By centralizing invoicing, approvals, and spending decisions, Pemo empowers businesses to focus on growth while maintaining financial oversight.

Proteinea

Seed Round in 2022
Proteinea is a biotechnology company that specializes in developing biotherapeutics by utilizing advanced protein engineering techniques. The company has created a platform that employs proprietary artificial intelligence models and computational tools to design next-generation antibodies with enhanced efficacy, safety, and convenience. By integrating novel deep-learning models with smart experimental throughput, Proteinea aims to streamline the process of biologics design for antibody medicines. This innovative approach allows clients to evaluate the efficacy, yield, safety, and pharmacological properties of their products more effectively, ultimately leading to smarter and faster development of therapeutic solutions.

Repzo

Convertible Note in 2022
Repzo is a mobile sales customer relationship management (CRM) application that transforms smartphones and tablets into effective field force management tools. The platform is designed to enhance field management by monitoring staff efficiency, assigning tasks, and providing real-time updates. This functionality allows managers to move away from traditional, paperwork-heavy methods of managing daily operations. By streamlining processes, Repzo significantly reduces the time required for order processing and distribution, thereby improving overall operational efficiency.

The Food Lab

Pre Seed Round in 2022
The Food Lab operates a cloud kitchen platform in Egypt, serving as an infrastructure provider for the country's extensive food and beverage industry, which comprises approximately 400,000 restaurants. The company offers a comprehensive range of services designed to enhance restaurant operations and expand their market reach. By managing shared kitchen facilities, The Food Lab streamlines processes such as ingredient procurement, order aggregation, food preparation, and delivery. This integrated approach allows restaurants to centralize their operational data within a single platform, enabling them to focus on building their brand equity while improving overall efficiency.

Colabs

Seed Round in 2022
Colabs is a leading collaborative workspace in Pakistan, designed to foster growth for individuals and businesses. The company focuses on inspiring collaboration, productivity, and innovation within its community. By providing essential resources and a supportive network, Colabs aims to help individuals realize their potential and encourages a culture of ambition and innovation among a new generation of change-makers. In addition to coworking spaces, Colabs offers various back-office solutions, including company registration, talent sourcing and management, payroll processing, and legal and tax compliance. This comprehensive approach allows businesses to streamline their operations, enabling them to concentrate on growth and success.

Wayne Hills Bryant AI

Venture Round in 2022
Wayne Hills Bryant A.I. is a pioneering AI SaaS platform that transforms text and voice data into digital video content. Our technology uses machine learning and natural language processing to create cohesive narratives, significantly reducing content creation time and costs. Since our establishment, we've earned prestigious awards and developed a portfolio of 33 patents. We're also expanding our offerings with innovative products like our Text-To -Video(TTV) solution. With successful Series A funding and an ongoing Series B round, we're shaping the future of video storytelling content generation.

TruKKer

Series B in 2022
TruKKer is a technology-enabled truck aggregator based in Abu Dhabi, UAE, founded in 2016. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by integrating demand and supply for land freight services. TruKKer's platform connects shippers and carriers in real time, ensuring maximum utilization of available trucks and reducing overall transportation costs. The company's network, powered by real-time data analytics, enhances reliability and transparency while creating opportunities for data monetization and consolidated procurement. By offering end-to-end coverage and a comprehensive service portfolio, TruKKer facilitates cross-border transportation services for various end markets, benefiting both shippers and transporters alike.

Capiter

Convertible Note in 2022
Capiter is a B2B e-commerce marketplace based in Cairo, Egypt, that connects small businesses, wholesalers, and vendors on a unified platform. Founded in 2019, the company offers on-demand cash flow solutions, allowing suppliers to convert sales into immediate cash while minimizing collection and credit risks. Merchants can order products directly through the platform and access credit facilities, enhancing their purchasing power. Capiter employs advanced technology and machine learning to optimize the supply chain, ensuring efficient service delivery and accurate data management. This approach facilitates improved financial cycles and supports the growth of small businesses by providing flexible payment options and immediate vendor payments.

Mozn

Series A in 2022
Mozn is a leading provider of customized artificial intelligence solutions in the region, specializing in the development of Arabic natural language processing (NLP) data products on a global scale. The company has created an enterprise AI platform that enables businesses to develop advanced AI applications aimed at enhancing decision-making processes. This platform utilizes advanced text intelligence and AI algorithms to assist financial institutions in screening and monitoring customers, thereby offering essential tools to protect against anti-money laundering (AML) and fraud risks. Through its innovative offerings, Mozn empowers enterprises to safeguard their operations while leveraging AI technology for improved efficiency and security.

Retailo

Series A in 2022
Retailo is an online B2B marketplace focused on digitizing the retail supply chain in the MENAP region. Founded in July 2020 by former Careem executives, the company is headquartered in Riyadh, Saudi Arabia. Retailo has rapidly emerged as a leading startup, serving over 35,000 active retailers who can access more than 2,000 stock-keeping units (SKUs) through its app, with deliveries made within 24 hours of order placement. The company operates multiple warehouses across various cities in the MENAP region, managing a vast inventory from hundreds of brands, including direct partners. With a workforce of over 500 employees, Retailo processes tens of thousands of orders each month. Its mission is to simplify retail operations and enhance supply chain accessibility, aiming to unlock the earning potential of 10 million small and medium-sized enterprise retailers across the region and contribute to the overall economic growth.

Capiter

Venture Round in 2022
Capiter is a B2B e-commerce marketplace based in Cairo, Egypt, that connects small businesses, wholesalers, and vendors on a unified platform. Founded in 2019, the company offers on-demand cash flow solutions, allowing suppliers to convert sales into immediate cash while minimizing collection and credit risks. Merchants can order products directly through the platform and access credit facilities, enhancing their purchasing power. Capiter employs advanced technology and machine learning to optimize the supply chain, ensuring efficient service delivery and accurate data management. This approach facilitates improved financial cycles and supports the growth of small businesses by providing flexible payment options and immediate vendor payments.

qlub

Seed Round in 2022
Qlub offers a fast and secure payment solution designed specifically for the restaurant industry. Its platform enables restaurant, pub, and cafe owners to display their menus and accept payments in seconds. Customers can pay their bills quickly by scanning a QR code, allowing for a seamless transaction that takes about 10 seconds, all without the need to install an app or register. This efficiency enhances the dining experience for customers while improving workflow for staff, ultimately creating a more enjoyable atmosphere for all.

Lean Technologies

Series A in 2022
Lean Technologies Limited, founded in 2019 and based in Riyadh, Saudi Arabia, is a FinTech startup that specializes in providing an application programming interface (API) platform for financial data applications. The company's API suite simplifies access to consumer financial data, allowing businesses to navigate the complexities of financial infrastructure with ease. By enabling seamless access to customers' financial information and facilitating instant bank transfers, Lean Technologies aims to enhance the accessibility, transparency, and utility of financial data and payments. This approach fosters a more inclusive and interconnected financial landscape, ultimately benefiting both consumers and businesses.

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.

Dharma

Convertible Note in 2022
Dharma operates a travel brand-as-a-service platform that specializes in hosting group trips led by influential individuals and brands. The company collaborates with clients to develop customized travel portfolios, offering a range of services including distribution audits, product planning, budgeting, website and application development, compliance management, and sales support. Additionally, Dharma provides guest-facing applications and ensures quality control and risk management, allowing clients to effectively create and manage group travel experiences for their communities. By focusing on the needs of both clients and travelers, Dharma aims to redefine the future of travel brands.

Averroes Ai

Pre Seed Round in 2022
Averroes Ai specializes in developing an artificial intelligence application that automates the creation of custom AI models tailored for industrial companies. The platform offers solutions such as visual inspection, predictive maintenance, quality testing, and yield prediction. By implementing these advanced features, Averroes Ai enhances manufacturing processes, allowing companies to focus on addressing defects rather than dedicating resources to identifying them. This innovation streamlines operations and improves overall efficiency within the industrial sector.

Lendo

Secondary Market in 2022
Lendo is an alternative lending marketplace that helps digitally finance small and medium-sized enterprises (SMEs) in Saudi Arabia. Lendo was granted the first Crowdlending (debt financing) licensed in Saudi Arabia, and received the Excellence in Finance Leaders Award from FiNext Awards. Lendo’s products and solutions make everyday business activities easier, more secure, and more efficient for both investors and borrowers alike.

Tazah Technologies

Seed Round in 2021
Tazah Technologies operates an agricultural marketplace aimed at connecting farmers with businesses in Pakistan. The company focuses on creating a technology-enabled operating system for the food and agriculture supply chain, enhancing efficiency and transparency. By offering standardized quality and transparent pricing, Tazah facilitates mobile application orders, making it easier for businesses to engage with producers. This approach not only improves the overall functionality of the agricultural value chain but also seeks to enhance the lives of producers, businesses, and consumers alike.

PostEx

Seed Round in 2021
PostEx is a company that combines receivables factoring solutions with courier services to support e-commerce companies offering Cash on Delivery (COD) as a payment option. The company provides upfront payment for invoice values, enabling businesses to receive funds immediately rather than waiting for delivery confirmation. PostEx's platform offers payment acceptance solutions and allows retailers to track the status of their deliveries and monitor shipment progress. This integrated approach helps e-commerce companies manage their cash flow more effectively while ensuring reliable logistics services.

MUNCH:ON

Series A in 2021
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

Immensa

Series A in 2021
Immensa is a company focused on transforming the spare parts supply chain for the energy industry through digital inventory services. It specializes in additive manufacturing, employing three-dimensional printing strategies and rapid prototyping to create on-demand spare parts. By collaborating with leading original equipment manufacturers (OEMs) and energy companies, Immensa facilitates the transition to digital warehousing, allowing clients to manage their inventories more effectively and efficiently. The company also identifies and qualifies new materials for parts and engages in reverse engineering, enabling a more economically viable approach to spare parts management in the global oil and energy sectors.

Breadfast

Series A in 2021
Breadfast is a Cairo-based company that specializes in producing a wide range of bread and bakery products, including various types of loaves, buns, and pastries. Founded in 2017, the company offers an extensive selection of items, such as white and brown toast, baguettes, multigrain bread, and different flavors of croissants and muffins. In addition to its bakery offerings, Breadfast operates an online delivery service that provides customers with a quick and convenient way to access household essentials, groceries, and over 3,000 items, including fruits, vegetables, and personal care products. This service aims to meet the daily needs of consumers by delivering fresh products directly to their doorsteps.

KTrade

Series A in 2021
KTrade makes your investment hassle-free. It is easy and convenient for anyone and everyone

NymCard

Series A in 2021
NymCard is a payment processing platform founded in 2016, operating from Abu Dhabi, United Arab Emirates, with a focus on enhancing the digital payment landscape in Africa and the Middle East. The company specializes in providing an issuer processor solution that allows banks and financial institutions to offer innovative digital payment products, including plastic, virtual, and tokenized cards. NymCard's advanced infrastructure and user-friendly mobile wallet solutions facilitate quick account setup and immediate access to smart payment cards, promoting efficient and secure online transactions. By leveraging open APIs and mobile SDKs, NymCard aims to address the low penetration of payment cards in these regions, thereby driving greater participation in the digital economy.

Lean Technologies

Funding Round in 2021
Lean Technologies Limited, founded in 2019 and based in Riyadh, Saudi Arabia, is a FinTech startup that specializes in providing an application programming interface (API) platform for financial data applications. The company's API suite simplifies access to consumer financial data, allowing businesses to navigate the complexities of financial infrastructure with ease. By enabling seamless access to customers' financial information and facilitating instant bank transfers, Lean Technologies aims to enhance the accessibility, transparency, and utility of financial data and payments. This approach fosters a more inclusive and interconnected financial landscape, ultimately benefiting both consumers and businesses.

Retailo

Seed Round in 2021
Retailo is an online B2B marketplace focused on digitizing the retail supply chain in the MENAP region. Founded in July 2020 by former Careem executives, the company is headquartered in Riyadh, Saudi Arabia. Retailo has rapidly emerged as a leading startup, serving over 35,000 active retailers who can access more than 2,000 stock-keeping units (SKUs) through its app, with deliveries made within 24 hours of order placement. The company operates multiple warehouses across various cities in the MENAP region, managing a vast inventory from hundreds of brands, including direct partners. With a workforce of over 500 employees, Retailo processes tens of thousands of orders each month. Its mission is to simplify retail operations and enhance supply chain accessibility, aiming to unlock the earning potential of 10 million small and medium-sized enterprise retailers across the region and contribute to the overall economic growth.

PostEx

Seed Round in 2021
PostEx is a company that combines receivables factoring solutions with courier services to support e-commerce companies offering Cash on Delivery (COD) as a payment option. The company provides upfront payment for invoice values, enabling businesses to receive funds immediately rather than waiting for delivery confirmation. PostEx's platform offers payment acceptance solutions and allows retailers to track the status of their deliveries and monitor shipment progress. This integrated approach helps e-commerce companies manage their cash flow more effectively while ensuring reliable logistics services.

Pure Harvest Smart Farms

Debt Financing in 2021
Pure Harvest Smart Farms is a Dubai-based company specializing in the production and sale of organic tomatoes and other premium fruits and vegetables. It operates in the challenging climates of the Arab Gulf region by utilizing advanced controlled-environment agriculture technologies. The company focuses on sustainable agricultural practices to ensure year-round availability of fresh produce while maintaining high quality at affordable prices. Pure Harvest employs a proprietary semi-closed climate-controlled growing system that optimizes temperature and moisture, supporting the growth of its crops in modern glasshouses. The firm aims to meet the increasing demand for healthy food options in the region through innovative cultivation methods.

Truck Lagbe

Series A in 2021
Truck Lagbe is a logistics platform based in Bangladesh that facilitates the booking of trucks for shipping and freight transportation. The service allows shippers to hire vehicles ranging from 1 ton to 25 tons for both short-haul and long-haul trips. Available on Android and iOS, the application streamlines the process of securing transportation, enabling businesses to improve their logistics operations and ensure the safe delivery of goods.

Nuqtah NFT

Pre Seed Round in 2021
Pioneering NFT's in the Saudi Arabia with Nuqtah's NFT creative marketplace, with a goal to value the creative economy at the pedestal it should be at.

Dharma

Seed Round in 2021
Dharma operates a travel brand-as-a-service platform that specializes in hosting group trips led by influential individuals and brands. The company collaborates with clients to develop customized travel portfolios, offering a range of services including distribution audits, product planning, budgeting, website and application development, compliance management, and sales support. Additionally, Dharma provides guest-facing applications and ensures quality control and risk management, allowing clients to effectively create and manage group travel experiences for their communities. By focusing on the needs of both clients and travelers, Dharma aims to redefine the future of travel brands.

Capiter

Series A in 2021
Capiter is a B2B e-commerce marketplace based in Cairo, Egypt, that connects small businesses, wholesalers, and vendors on a unified platform. Founded in 2019, the company offers on-demand cash flow solutions, allowing suppliers to convert sales into immediate cash while minimizing collection and credit risks. Merchants can order products directly through the platform and access credit facilities, enhancing their purchasing power. Capiter employs advanced technology and machine learning to optimize the supply chain, ensuring efficient service delivery and accurate data management. This approach facilitates improved financial cycles and supports the growth of small businesses by providing flexible payment options and immediate vendor payments.

Cayesh

Pre Seed Round in 2021
Cayesh is a fintech company specializing in digital supply chain finance solutions. It provides an integrated platform designed for supply chain stakeholders, delivering services such as working capital, invoice management, and payment processing. By combining technology, expertise, and operational support, Cayesh aims to address various cash flow challenges faced by its clients, including the availability, management, and mobilization of capital. The company focuses on offering affordable financial solutions that enhance the efficiency and effectiveness of supply chain operations.

Dtonic

Series A in 2021
Dtonic is a spin-off from Hyundai Motor Company that focuses on Spatio-Temporal big data solutions. Its primary product, Geo-Hiker, acts as a middleware designed to enhance existing big data systems by improving the management, processing speed, and overall efficiency of Spatio-temporal data derived from various Industry 4.0 sectors, such as smart cities and transportation. By utilizing advanced AI-based indexing and machine learning algorithms, Geo-Hiker minimizes the need for extensive system migration and reduces total cost of ownership for clients. The middleware has been successfully deployed in various applications, including South Korea's COVID-19 contact tracing system, a Smart City Data Hub for efficient data handling, and an Electronic Smart Label solution for diverse environments like factories and hospitals. Dtonic aims to provide robust data-driven services that increase operational efficiency for organizations across multiple sectors.

Aumet

Funding Round in 2021
Aumet is a platform designed to enhance sales for medical manufacturers and distributors by facilitating communication and collaboration. It enables users to share hospital inquiries, exchange business news, and search for products while connecting with potential clients. The platform allows suppliers to list their products and identify distributors interested in selling them across various countries. At the same time, distributors can connect with suppliers, explore new product offerings, and express their interests. By verifying connections between manufacturers and distributors, Aumet streamlines the process of matching supply with demand in the medical industry.

Sarwa

Series B in 2021
Sarwa Digital Wealth Limited is a privately owned investment advisory firm that simplifies the investment process through the use of advanced technology. The company has developed an automated investment management platform that aims to facilitate long-term financial growth for its clients. By combining established investment strategies with innovative technology, Sarwa reduces costs and enhances accessibility to investment opportunities. The platform also focuses on educating users about personal finance and investment, enabling them to make diversified investments and seek improved returns. Through its services, Sarwa seeks to empower individuals to make informed financial decisions and optimize their investment potential.

Quota Lab

Venture Round in 2021
Quota Lab is a financial infrastructure company that connects the capital flows of all ventures & startups, general partners (GPs), and limited partners (LPs) to build a venture capital market infrastructure and create a new financial ecosystem.

DigiKhata

Seed Round in 2021
DigiKhata is an innovative application designed for shopkeepers and businesses to streamline their bookkeeping and accounting processes. The app allows users to manage customer accounts with ease and provides a secure platform for tracking business transactions. It assists in maintaining both business and personal accounts, managing ledgers, and handling debit-credit transactions, including installment payments. DigiKhata also supports multiple currencies, enabling clients to manage various business ledgers and record transactions digitally from a single application. This comprehensive approach helps businesses maintain accurate financial records and simplifies the overall management of their finances.

TruKKer

Series B in 2021
TruKKer is a technology-enabled truck aggregator based in Abu Dhabi, UAE, founded in 2016. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by integrating demand and supply for land freight services. TruKKer's platform connects shippers and carriers in real time, ensuring maximum utilization of available trucks and reducing overall transportation costs. The company's network, powered by real-time data analytics, enhances reliability and transparency while creating opportunities for data monetization and consolidated procurement. By offering end-to-end coverage and a comprehensive service portfolio, TruKKer facilitates cross-border transportation services for various end markets, benefiting both shippers and transporters alike.

Quota Lab

Seed Round in 2021
Quota Lab is a financial infrastructure company that connects the capital flows of all ventures & startups, general partners (GPs), and limited partners (LPs) to build a venture capital market infrastructure and create a new financial ecosystem.

Autarky Advisors

Acquisition in 2021
Autarky Advisors is a venture builder and proprietary investment and advisory firm located in Manama, Bahrain. The company focuses on developing and investing in innovative ideas, creating comprehensive concepts from inception to execution. Autarky Advisors seeks high-impact ventures that align with national tourism and diversification strategies. In addition to its investment activities, the firm offers consultancy services that include feasibility studies, economic impact assessments, concept generation, design, and master planning.

TruKKer

Secondary Market in 2021
TruKKer is a technology-enabled truck aggregator based in Abu Dhabi, UAE, founded in 2016. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by integrating demand and supply for land freight services. TruKKer's platform connects shippers and carriers in real time, ensuring maximum utilization of available trucks and reducing overall transportation costs. The company's network, powered by real-time data analytics, enhances reliability and transparency while creating opportunities for data monetization and consolidated procurement. By offering end-to-end coverage and a comprehensive service portfolio, TruKKer facilitates cross-border transportation services for various end markets, benefiting both shippers and transporters alike.

Capiter

Convertible Note in 2021
Capiter is a B2B e-commerce marketplace based in Cairo, Egypt, that connects small businesses, wholesalers, and vendors on a unified platform. Founded in 2019, the company offers on-demand cash flow solutions, allowing suppliers to convert sales into immediate cash while minimizing collection and credit risks. Merchants can order products directly through the platform and access credit facilities, enhancing their purchasing power. Capiter employs advanced technology and machine learning to optimize the supply chain, ensuring efficient service delivery and accurate data management. This approach facilitates improved financial cycles and supports the growth of small businesses by providing flexible payment options and immediate vendor payments.

Retailo

Seed Round in 2021
Retailo is an online B2B marketplace focused on digitizing the retail supply chain in the MENAP region. Founded in July 2020 by former Careem executives, the company is headquartered in Riyadh, Saudi Arabia. Retailo has rapidly emerged as a leading startup, serving over 35,000 active retailers who can access more than 2,000 stock-keeping units (SKUs) through its app, with deliveries made within 24 hours of order placement. The company operates multiple warehouses across various cities in the MENAP region, managing a vast inventory from hundreds of brands, including direct partners. With a workforce of over 500 employees, Retailo processes tens of thousands of orders each month. Its mission is to simplify retail operations and enhance supply chain accessibility, aiming to unlock the earning potential of 10 million small and medium-sized enterprise retailers across the region and contribute to the overall economic growth.

Lendo

Series A in 2021
Lendo is an alternative lending marketplace that helps digitally finance small and medium-sized enterprises (SMEs) in Saudi Arabia. Lendo was granted the first Crowdlending (debt financing) licensed in Saudi Arabia, and received the Excellence in Finance Leaders Award from FiNext Awards. Lendo’s products and solutions make everyday business activities easier, more secure, and more efficient for both investors and borrowers alike.

Aumet

Seed Round in 2021
Aumet is a platform designed to enhance sales for medical manufacturers and distributors by facilitating communication and collaboration. It enables users to share hospital inquiries, exchange business news, and search for products while connecting with potential clients. The platform allows suppliers to list their products and identify distributors interested in selling them across various countries. At the same time, distributors can connect with suppliers, explore new product offerings, and express their interests. By verifying connections between manufacturers and distributors, Aumet streamlines the process of matching supply with demand in the medical industry.

NymCard

Series A in 2021
NymCard is a payment processing platform founded in 2016, operating from Abu Dhabi, United Arab Emirates, with a focus on enhancing the digital payment landscape in Africa and the Middle East. The company specializes in providing an issuer processor solution that allows banks and financial institutions to offer innovative digital payment products, including plastic, virtual, and tokenized cards. NymCard's advanced infrastructure and user-friendly mobile wallet solutions facilitate quick account setup and immediate access to smart payment cards, promoting efficient and secure online transactions. By leveraging open APIs and mobile SDKs, NymCard aims to address the low penetration of payment cards in these regions, thereby driving greater participation in the digital economy.

Sarwa

Secondary Market in 2020
Sarwa Digital Wealth Limited is a privately owned investment advisory firm that simplifies the investment process through the use of advanced technology. The company has developed an automated investment management platform that aims to facilitate long-term financial growth for its clients. By combining established investment strategies with innovative technology, Sarwa reduces costs and enhances accessibility to investment opportunities. The platform also focuses on educating users about personal finance and investment, enabling them to make diversified investments and seek improved returns. Through its services, Sarwa seeks to empower individuals to make informed financial decisions and optimize their investment potential.

Capiter

Seed Round in 2020
Capiter is a B2B e-commerce marketplace based in Cairo, Egypt, that connects small businesses, wholesalers, and vendors on a unified platform. Founded in 2019, the company offers on-demand cash flow solutions, allowing suppliers to convert sales into immediate cash while minimizing collection and credit risks. Merchants can order products directly through the platform and access credit facilities, enhancing their purchasing power. Capiter employs advanced technology and machine learning to optimize the supply chain, ensuring efficient service delivery and accurate data management. This approach facilitates improved financial cycles and supports the growth of small businesses by providing flexible payment options and immediate vendor payments.

Capiter

Pre Seed Round in 2020
Capiter is a B2B e-commerce marketplace based in Cairo, Egypt, that connects small businesses, wholesalers, and vendors on a unified platform. Founded in 2019, the company offers on-demand cash flow solutions, allowing suppliers to convert sales into immediate cash while minimizing collection and credit risks. Merchants can order products directly through the platform and access credit facilities, enhancing their purchasing power. Capiter employs advanced technology and machine learning to optimize the supply chain, ensuring efficient service delivery and accurate data management. This approach facilitates improved financial cycles and supports the growth of small businesses by providing flexible payment options and immediate vendor payments.
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