Khwarizmi Ventures

Erad is a company that provides growth capital to online enterprises, particularly startups in the Middle East. It operates an online fund management platform that facilitates connections between businesses and their sales, marketing, and accounting data. This platform offers non-dilutive capital funding, allowing companies to secure necessary financial resources without giving up equity. In addition to funding, Erad equips businesses with valuable insights and analyses that can help enhance profitability and support their expansion efforts.

Aya is a modest fashion e-commerce platform that strives to unite the fragmented modest fashion industry into a single discovery platform.

Khazna operates a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of smartphone users who lack access to formal financial systems. The super app provides a range of services including General Purpose Credit, Buy Now Pay Later (BNPL), bill payments, savings, and insurance. It also facilitates cash advances for employees to address unforeseen emergencies and allows users to transfer and receive funds without incurring transaction fees. By focusing on digitizing cash transactions, Khazna aims to offer convenient, effective, and secure financial solutions, thereby improving financial inclusion in Egypt and potentially beyond.

Yalla Plus offers QR-based digital menu solutions for restaurants, featuring integrated payments and easy menu management.

Simplified Financial Solutions Company offers startups and SMEs financial management solutions including the ability to issue virtual and physical corporate cards, manage spending and automate expense reporting.

Bluworks.io is a HRTech SaaS platform offers cloud-based solutions.

RemotePass offers a comprehensive platform designed to assist companies in hiring, onboarding, managing, and compensating remote workers across 150 countries. The platform enables businesses to create legally compliant contracts, gather necessary documentation, and facilitate electronic signatures. It includes various HR management tools, such as multi-currency expense management, time off tracking, and equipment oversight. Additionally, RemotePass allows companies to process payroll for their global teams in over 90 currencies, simplifying financial operations. The RemotePass Super App enhances the experience for remote teams by providing access to financial services, including a card for instant, fee-free payments, in-app health insurance options, and various employee benefits. This all-in-one solution ensures that companies can effectively manage their remote workforce while maintaining compliance with local regulations.

BuildNow is a fintech platform that serves the construction and manufacturing sectors by offering a "Build Now Pay Later" solution. It provides short-term financing specifically for raw materials, allowing small and medium-sized enterprises (SMEs) to access the resources they need to grow. The platform streamlines the financing process, delivering credit approval within three days and enabling payment processing in just one day. Clients can benefit from flexible credit terms of up to six months, which helps optimize their cash flow and supports their business expansion.

BuildNow is a fintech platform that serves the construction and manufacturing sectors by offering a "Build Now Pay Later" solution. It provides short-term financing specifically for raw materials, allowing small and medium-sized enterprises (SMEs) to access the resources they need to grow. The platform streamlines the financing process, delivering credit approval within three days and enabling payment processing in just one day. Clients can benefit from flexible credit terms of up to six months, which helps optimize their cash flow and supports their business expansion.

‍Soum is reimagining recommence in the MENA region and beyond by building the most convenient, trustworthy, and transparent recommence marketplace, starting with consumer electronics in Saudi Arabia.

Baytonia is an e-commerce marketplace focused on providing high-quality homeware collections. The company emphasizes customer satisfaction by offering distinctive products and an exceptional shopping experience. Through its diverse range of home furnishings, Baytonia aims to deliver value to its customers, ensuring they have access to various home improvement items that meet their needs.

Erad is a company that provides growth capital to online enterprises, particularly startups in the Middle East. It operates an online fund management platform that facilitates connections between businesses and their sales, marketing, and accounting data. This platform offers non-dilutive capital funding, allowing companies to secure necessary financial resources without giving up equity. In addition to funding, Erad equips businesses with valuable insights and analyses that can help enhance profitability and support their expansion efforts.

RemotePass offers a comprehensive platform designed to assist companies in hiring, onboarding, managing, and compensating remote workers across 150 countries. The platform enables businesses to create legally compliant contracts, gather necessary documentation, and facilitate electronic signatures. It includes various HR management tools, such as multi-currency expense management, time off tracking, and equipment oversight. Additionally, RemotePass allows companies to process payroll for their global teams in over 90 currencies, simplifying financial operations. The RemotePass Super App enhances the experience for remote teams by providing access to financial services, including a card for instant, fee-free payments, in-app health insurance options, and various employee benefits. This all-in-one solution ensures that companies can effectively manage their remote workforce while maintaining compliance with local regulations.

Dastgyr is a B2B e-commerce platform based in Karachi, Pakistan, that connects small retailers with manufacturers, brands, and wholesalers. Founded in 2020, the company aims to streamline the fragmented supply chain by enabling informal retailers to source a diverse range of products directly from sellers. Through its marketplace application, Dastgyr facilitates the purchasing of inventories at competitive prices, offering retailers access to a broad assortment of merchandise from both local and international sources.

Pylon provides water and electricity distribution companies, in emerging markets, with a platform for managing their customers and infrastructure.

Khazna operates a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of smartphone users who lack access to formal financial systems. The super app provides a range of services including General Purpose Credit, Buy Now Pay Later (BNPL), bill payments, savings, and insurance. It also facilitates cash advances for employees to address unforeseen emergencies and allows users to transfer and receive funds without incurring transaction fees. By focusing on digitizing cash transactions, Khazna aims to offer convenient, effective, and secure financial solutions, thereby improving financial inclusion in Egypt and potentially beyond.

‍Soum is reimagining recommence in the MENA region and beyond by building the most convenient, trustworthy, and transparent recommence marketplace, starting with consumer electronics in Saudi Arabia.

BuildNow is a fintech platform that serves the construction and manufacturing sectors by offering a "Build Now Pay Later" solution. It provides short-term financing specifically for raw materials, allowing small and medium-sized enterprises (SMEs) to access the resources they need to grow. The platform streamlines the financing process, delivering credit approval within three days and enabling payment processing in just one day. Clients can benefit from flexible credit terms of up to six months, which helps optimize their cash flow and supports their business expansion.

Simplified Financial Solutions Company offers startups and SMEs financial management solutions including the ability to issue virtual and physical corporate cards, manage spending and automate expense reporting.

Brimore is a social commerce platform that connects emerging brand owners with a network of individual distributors, enabling them to market and sell their products via social media. The platform facilitates a parallel distribution channel, allowing small local manufacturers to reach consumers directly through freelance sales agents. By leveraging data analytics, Brimore provides nationwide coverage across all twenty-seven governorates, enhancing the visibility and accessibility of emerging brands in the market. This approach supports local businesses by expanding their sales reach and fostering a community-driven sales model.

Brimore is a social commerce platform that connects emerging brand owners with a network of individual distributors, enabling them to market and sell their products via social media. The platform facilitates a parallel distribution channel, allowing small local manufacturers to reach consumers directly through freelance sales agents. By leveraging data analytics, Brimore provides nationwide coverage across all twenty-seven governorates, enhancing the visibility and accessibility of emerging brands in the market. This approach supports local businesses by expanding their sales reach and fostering a community-driven sales model.

Chari is an e-commerce and fintech application designed for traditional retailers in French-speaking Africa. It enables these retailers to order consumer goods and guarantees free delivery within 24 hours. In addition to streamlining the procurement process, Chari also offers financial services, including microloans, to support the entrepreneurial needs of its clients. The platform facilitates the consistent supply of fast-moving consumer goods (FMCG), helping retailers digitize their fulfillment processes efficiently. Through its integrated approach, Chari aims to empower local businesses by providing essential products and financial resources.

Calo is a direct-to-consumer food tech company that specializes in personalized meal subscriptions. Its innovative app calculates individual calorie and macronutrient requirements, delivering ready-to-eat meals tailored to users' fitness goals. By matching customers with chef-prepared meals, Calo ensures high-quality, nutritious options that cater to a variety of dietary needs. The platform utilizes nutritionist-approved algorithms to create customized meal plans, making it easier for users to receive healthy food conveniently. The app's user-friendly interface allows subscribers to analyze their dietary needs and select meal plans in under two minutes, supporting busy lifestyles while promoting overall wellness.

RemotePass offers a comprehensive platform designed to assist companies in hiring, onboarding, managing, and compensating remote workers across 150 countries. The platform enables businesses to create legally compliant contracts, gather necessary documentation, and facilitate electronic signatures. It includes various HR management tools, such as multi-currency expense management, time off tracking, and equipment oversight. Additionally, RemotePass allows companies to process payroll for their global teams in over 90 currencies, simplifying financial operations. The RemotePass Super App enhances the experience for remote teams by providing access to financial services, including a card for instant, fee-free payments, in-app health insurance options, and various employee benefits. This all-in-one solution ensures that companies can effectively manage their remote workforce while maintaining compliance with local regulations.

Maqsam is a cloud communication suite tailored for small to medium-sized businesses and enterprises, primarily in the MENA region. It offers a cost-effective alternative to traditional hardware-based communication solutions, allowing businesses to connect with clients through a pay-as-you-go model. Maqsam provides local numbers from over 200 cities worldwide and facilitates high-quality voice calls, SMS, and WhatsApp messaging. The platform is designed to support various sectors, including call centers, logistics, and e-commerce, by offering unlimited outgoing calls, custom reporting, analytics, and APIs. Its seamless integration with over ten popular cloud CRM systems enhances the capability for customer support, enabling organizations to decentralize and optimize their communication strategies globally.

TAG is a mobile application that allows users to access an e-money account through a debit card. They provide a money transfer feature that helps to transfer money to any bank or wallet. They specialize in digital wallets and payment services.

POSRocket, founded in 2016 and based in Amman, Jordan, offers a cloud-based point-of-sale (POS) system designed to replace traditional cash registers. The platform is user-friendly and caters to a diverse range of businesses, including restaurants, boutique shops, coffee shops, bakeries, salons, spas, and dry cleaners. POSRocket's solution helps clients manage and grow their operations by optimizing manpower resources, regulating inventory, and generating various sales reports. This technology allows business owners to monitor their operations in real-time from any device, enabling smarter decision-making and enhanced operational efficiency.

Fatura is a technology platform transforming the fast-moving consumer goods (FMCG) sector in Egypt and Africa since its inception in 2019. It serves as the first application to facilitate the entire FMCG traditional trade cycle, connecting manufacturers and wholesalers directly with retailers. By digitizing the ordering process, Fatura addresses critical challenges within the traditional FMCG framework, while also enhancing retailers' cash flow through the option of on-credit purchasing. The platform utilizes data analytics and advanced AI models to evaluate the creditworthiness of retailers efficiently. With a strong presence in Cairo and Giza, Fatura is positioned to become a leading technology provider in the FMCG industry across the region, helping to correct supply-side inefficiencies and providing valuable market intelligence.

Xare is a developer of an innovative money-sharing application that enables users to securely and instantly share access to their credit or debit cards with others. The platform is designed to provide equal opportunities to financial products, allowing users to manage and control expenses from a centralized dashboard. By facilitating the sharing of financial access within a community, Xare eliminates the need for transferring funds, thereby saving time and reducing costly bank transaction fees. This approach empowers customers globally to access financial resources fairly and equitably, making financial management more accessible and efficient.

Bosta operates an on-demand delivery platform designed to facilitate shipping for individuals and businesses. The platform connects users with couriers, allowing them to send parcels and track their delivery status in real time. Bosta also offers a cash collection service, providing insights on cash transactions and enabling efficient pickups based on the destination city. By employing advanced technology and optimizing logistics operations, Bosta aims to provide affordable shipping solutions and enhance the overall delivery experience in the logistics industry.

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.

Rise is a wealth management platform designed specifically for migrants, aiming to enhance their financial well-being and overall quality of life. The company focuses on empowering users by providing tools that go beyond traditional financial management, emphasizing the importance of knowledge and personal growth. Rise helps migrants navigate their financial challenges, learn new skills, and create opportunities for a better future. By addressing the unique needs of this community, Rise seeks to improve lives and facilitate the journey toward financial stability.

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.

Melltoo is a mobile marketplace designed for the buying and selling of secondhand goods, available on both iPhones and Android devices as well as through a mobile-responsive web app. The platform facilitates transactions for a wide range of items, including electronics, fashion, home appliances, and children's products. By connecting local buyers with sellers, Melltoo promotes the trading of used items while offering a money-back guarantee on every transaction, ensuring a secure and reliable experience for users.

TruKKer is a technology-enabled truck aggregator founded in 2016 and based in Abu Dhabi, UAE. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by connecting shippers with available trucks in real-time. This integration of supply and demand enhances asset utilization, reduces transportation costs, and provides reliable cross-border services. TruKKer's cloud-based freight solutions offer comprehensive coverage and a full-service portfolio for shippers, carriers, and businesses, leveraging real-time data analytics to ensure transparency and efficiency. The company’s rapid growth has opened up opportunities for data monetization and consolidated procurement, further solidifying its position in the logistics market.

Saydl is a delivery service that connects consumers with local pharmacies through a user-friendly smartphone application. The platform allows users to conveniently shop for and purchase a wide range of pharmaceutical products online. Saydl offers features such as delivery within an hour, scheduled delivery options, and access to a large inventory of trusted and licensed pharmacy supplies. This service aims to enhance the shopping experience for customers by providing a straightforward method for obtaining their pharmaceutical needs. Users can easily navigate the application to place orders directly from their web browser or mobile devices.

Sibly, Inc. is a company that focuses on providing accessible and effective mental health care through its behavioral artificial intelligence-based health platform. Founded in 2016 and based in Redwood City, California, Sibly offers a text-based service that connects employees with compassionate human coaches available 24/7. The platform employs scientifically-supported techniques, including reflective listening and motivational interviewing, to facilitate meaningful conversations and address the mental and behavioral health needs of users. By enhancing employee well-being and engagement with existing benefits, Sibly serves as a crucial resource for large employers aiming to improve the health and wellness of their workforce. The company's approach integrates machine learning and oversight from licensed therapists to ensure quality and timely support for users.

Lyve is a technology products and logistics company headquartered in Abu Dhabi. Through cloud-based platforms and logistics services, Lyve helps facilitate millions of orders every month across multiple industries and is now expanding its solutions to cover order generation, payments, and order management. We power the digital economy with our logistics and technology solutions. From big data to multi-vertical service agents, from instant activation to scalable capacity, what we do continues to go beyond what’s typically considered delivery.