Arzan Venture Capital, established in 2013 and based in Kuwait City, is a prominent venture capital firm focused on early-stage investments in technology startups with a regional emphasis on the MENA region. As one of the earliest venture capital firms in the area, Arzan VC has built a diverse portfolio comprising over 30 startups. The firm is dedicated to supporting young, fast-growing, and innovative tech teams, fostering long-lasting relationships with talented entrepreneurs from the region. With a commitment to nurturing early-stage ventures, Arzan Venture Capital plays a significant role in the development of the regional startup ecosystem.
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.
Zid زد
Series B in 2022
Zid is an e-commerce in a box - solution that any retailer can use to start their eRetail. Zid helps them to build their own eStores (with their own name and identity) and integrates them with the supply chain players to enable them to manage and with ease. The company aims to enable the retail sector to enter the world of electronic retail in an easy and professional. Zid was founded in 2017 and based in Riyadh, Ar Riyad, Saudi Arabia.
Nearpay
Seed Round in 2022
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.
Retailo
Series A in 2022
Retailo is a rapidly growing B2B marketplace focused on the retail supply chain in the MENAP region, headquartered in Riyadh, Saudi Arabia. Founded in July 2020 by former Careem executives, the company has quickly established itself by digitizing retail supply chains and serving over 35,000 active retailers. Retailo offers access to more than 2,000 stock-keeping units (SKUs) via its app, ensuring delivery within 24 hours of order placement. The company operates with a team of over 500 employees across multiple cities in the region, managing a vast network of warehouses that store inventory from numerous brands, many of which are direct partners. Retailo aims to simplify retail operations and enhance supply chain accessibility, with a vision to unlock the earning potential of 10 million small and medium-sized enterprises in the MENAP region and contribute positively to the local economy.
Retailo
Seed Round in 2021
Retailo is a rapidly growing B2B marketplace focused on the retail supply chain in the MENAP region, headquartered in Riyadh, Saudi Arabia. Founded in July 2020 by former Careem executives, the company has quickly established itself by digitizing retail supply chains and serving over 35,000 active retailers. Retailo offers access to more than 2,000 stock-keeping units (SKUs) via its app, ensuring delivery within 24 hours of order placement. The company operates with a team of over 500 employees across multiple cities in the region, managing a vast network of warehouses that store inventory from numerous brands, many of which are direct partners. Retailo aims to simplify retail operations and enhance supply chain accessibility, with a vision to unlock the earning potential of 10 million small and medium-sized enterprises in the MENAP region and contribute positively to the local economy.
Zid زد
Series A in 2021
Zid is an e-commerce in a box - solution that any retailer can use to start their eRetail. Zid helps them to build their own eStores (with their own name and identity) and integrates them with the supply chain players to enable them to manage and with ease. The company aims to enable the retail sector to enter the world of electronic retail in an easy and professional. Zid was founded in 2017 and based in Riyadh, Ar Riyad, Saudi Arabia.
Zid زد
Seed Round in 2019
Zid is an e-commerce in a box - solution that any retailer can use to start their eRetail. Zid helps them to build their own eStores (with their own name and identity) and integrates them with the supply chain players to enable them to manage and with ease. The company aims to enable the retail sector to enter the world of electronic retail in an easy and professional. Zid was founded in 2017 and based in Riyadh, Ar Riyad, Saudi Arabia.
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