Khwarizmi Ventures

Erad is a company that provides expansion capital to online enterprises, focusing primarily on startups in the Middle East. It operates an online fund management platform that enables these businesses to connect their sales, marketing, and accounting data. By doing so, Erad facilitates access to non-dilutive capital funding, allowing businesses to secure the growth funding they need without sacrificing ownership. In addition to financial support, the platform offers key insights and analyses that help businesses optimize their operations and increase profitability.

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

Khazna is a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of the population who are active smartphone users but lack access to traditional banking. The company offers a range of services, including General Purpose Credit, Buy Now Pay Later (BNPL), bill payment, savings, and insurance. Additionally, Khazna enables employers to provide cash advances to employees for unforeseen emergencies and facilitates seamless transfers and withdrawals without transaction fees. By focusing on digitizing cash transactions, Khazna aims to provide convenient, effective, and secure smartphone-based financial solutions, thereby improving the overall financial landscape in Egypt and potentially beyond.

Calo is a direct-to-consumer food tech company that specializes in personalized meal subscriptions. The company’s app calculates the specific calories and macronutrients users require, delivering ready-to-eat meals tailored to their fitness goals. By matching users with chef-prepared meals, Calo ensures high-quality food that caters to busy lifestyles. The platform offers a diverse range of meal plans based on individual dietary needs, facilitated by nutritionist-approved algorithms. With a user-friendly interface, the Calo app allows users to analyze their nutritional requirements and subscribe to meal plans in under two minutes, providing a convenient solution for those seeking healthy food options delivered directly to their doorstep.

Mala'a Technologies is a developer of a financial platform that offers a comprehensive solution for personal finance management. The platform enables users to manage multiple bank accounts from a single location, facilitating expense tracking, budgeting, and monitoring credit. By analyzing spending behavior, Mala'a provides personalized recommendations, empowering individuals to make informed financial decisions and effectively reduce expenses. Through its user-friendly interface and direct bank connections, the company aims to enhance financial awareness and improve the overall management of personal finances.

Yalla Plus is a technology company that provides a comprehensive business management platform tailored for hospitality establishments such as restaurants, cafes, hotels, and movie theaters. Their platform, accessible via QR codes, enables clients to edit menus, manage tables, process orders and payments, and gain insights through performance reports and analytics. This streamlined solution helps businesses enhance customer satisfaction and boost sales by digitizing and optimizing their operations.

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 is a provider of an employer-of-record platform designed to assist companies in hiring, onboarding, and managing remote employees and contractors across 150 countries. The platform enables organizations to create legally compliant contracts and collect necessary documentation while facilitating e-signatures. It includes a suite of HR management tools, encompassing multi-currency expense management, time-off tracking, and equipment management. RemotePass streamlines payroll processing, allowing companies to pay their global teams in over 90 currencies efficiently. In addition, the RemotePass Super App offers financial services and benefits such as instant zero-fee payments through the RemotePass card, in-app health insurance plans, and various employee perks. Overall, RemotePass aims to provide a comprehensive and compliant solution for businesses looking to manage their remote workforce effectively.

BuildNow is a fintech company focused on providing innovative financing solutions for the construction and manufacturing sectors in the MENAP region. As the first "Build Now Pay Later" service, it specializes in funding the raw materials needed by small and medium-sized enterprises (SMEs) in these industries. BuildNow's platform enables clients to access short-term financing, offering credit approval within three days and processing payments in just one day. This efficient service allows clients to benefit from credit terms of up to six months, helping to optimize their cash flow and support their growth.

BuildNow is a fintech company focused on providing innovative financing solutions for the construction and manufacturing sectors in the MENAP region. As the first "Build Now Pay Later" service, it specializes in funding the raw materials needed by small and medium-sized enterprises (SMEs) in these industries. BuildNow's platform enables clients to access short-term financing, offering credit approval within three days and processing payments in just one day. This efficient service allows clients to benefit from credit terms of up to six months, helping to optimize their cash flow and support their growth.

‍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.

Alma Health is a digital healthcare platform based in Hub71, Abu Dhabi, that focuses on managing chronic illnesses for patients in the Gulf Cooperation Council (GCC) region. With an addressable market of 20 million patients, Alma Health offers a comprehensive suite of services, including virtual doctor consultations and a cloud pharmacy. The platform is designed to simplify the experience of individuals living with chronic conditions by providing personalized services, such as digital treatments and at-home monitoring systems. By leveraging technology, Alma Health seeks to enhance patient care and streamline the process from medical consultations to prescription delivery, ensuring a patient-centric approach to healthcare management.

Baytonia operates as an online marketplace specializing in home furnishings and decor. It focuses on delivering superior customer satisfaction through distinctive, high-quality product offerings across multiple categories for home improvement needs.

Calo is a direct-to-consumer food tech company that specializes in personalized meal subscriptions. The company’s app calculates the specific calories and macronutrients users require, delivering ready-to-eat meals tailored to their fitness goals. By matching users with chef-prepared meals, Calo ensures high-quality food that caters to busy lifestyles. The platform offers a diverse range of meal plans based on individual dietary needs, facilitated by nutritionist-approved algorithms. With a user-friendly interface, the Calo app allows users to analyze their nutritional requirements and subscribe to meal plans in under two minutes, providing a convenient solution for those seeking healthy food options delivered directly to their doorstep.

Erad is a company that provides expansion capital to online enterprises, focusing primarily on startups in the Middle East. It operates an online fund management platform that enables these businesses to connect their sales, marketing, and accounting data. By doing so, Erad facilitates access to non-dilutive capital funding, allowing businesses to secure the growth funding they need without sacrificing ownership. In addition to financial support, the platform offers key insights and analyses that help businesses optimize their operations and increase profitability.

RemotePass is a provider of an employer-of-record platform designed to assist companies in hiring, onboarding, and managing remote employees and contractors across 150 countries. The platform enables organizations to create legally compliant contracts and collect necessary documentation while facilitating e-signatures. It includes a suite of HR management tools, encompassing multi-currency expense management, time-off tracking, and equipment management. RemotePass streamlines payroll processing, allowing companies to pay their global teams in over 90 currencies efficiently. In addition, the RemotePass Super App offers financial services and benefits such as instant zero-fee payments through the RemotePass card, in-app health insurance plans, and various employee perks. Overall, RemotePass aims to provide a comprehensive and compliant solution for businesses looking to manage their remote workforce effectively.

Dastgyr Technologies is a B2B e-commerce marketplace based in Karachi, Pakistan, founded in 2020 by Zohaib Ali. The company connects small retailers directly with manufacturers, brands, and wholesalers through its platform, aiming to streamline the fragmented supply chain. Dastgyr enables retailers to source a wide variety of products at wholesale rates, facilitating efficient procurement processes for businesses.

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

Khazna is a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of the population who are active smartphone users but lack access to traditional banking. The company offers a range of services, including General Purpose Credit, Buy Now Pay Later (BNPL), bill payment, savings, and insurance. Additionally, Khazna enables employers to provide cash advances to employees for unforeseen emergencies and facilitates seamless transfers and withdrawals without transaction fees. By focusing on digitizing cash transactions, Khazna aims to provide convenient, effective, and secure smartphone-based financial solutions, thereby improving the overall financial landscape in Egypt and potentially beyond.

Mala'a Technologies is a developer of a financial platform that offers a comprehensive solution for personal finance management. The platform enables users to manage multiple bank accounts from a single location, facilitating expense tracking, budgeting, and monitoring credit. By analyzing spending behavior, Mala'a provides personalized recommendations, empowering individuals to make informed financial decisions and effectively reduce expenses. Through its user-friendly interface and direct bank connections, the company aims to enhance financial awareness and improve the overall management of personal finances.

‍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.

Bosta is an on-demand courier platform designed for both individuals and businesses to facilitate the sending and receiving of shipments. By connecting users with couriers, the platform enables efficient parcel delivery while providing real-time tracking of package status. Bosta also offers a cash collection service that provides insights into financial transactions, enhancing the shipping experience for businesses. With a focus on affordability and operational efficiency, Bosta aims to transform the logistics industry through innovative technology and streamlined processes.

Qawafel Company for E-Marketing operates a business-to-business marketplace that facilitates the exchange of perishable food products between suppliers and retailers. By connecting shops to various producers in the confectionery and refrigerated goods sectors, Qawafel aims to simplify trade and streamline operations within the wholesale market. The platform offers integrated technical solutions designed to enhance the user experience, enabling clients to manage their operations more efficiently. Through its comprehensive B2B services, Qawafel addresses the challenges of a fragmented market and provides a robust electronic platform for food ecommerce.

BuildNow is a fintech company focused on providing innovative financing solutions for the construction and manufacturing sectors in the MENAP region. As the first "Build Now Pay Later" service, it specializes in funding the raw materials needed by small and medium-sized enterprises (SMEs) in these industries. BuildNow's platform enables clients to access short-term financing, offering credit approval within three days and processing payments in just one day. This efficient service allows clients to benefit from credit terms of up to six months, helping to optimize their cash flow and support their growth.

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 operates a social commerce platform that connects emerging brand owners with a network of resellers. These resellers market and sell the products of these brands using social media, providing nationwide coverage for the brands. The platform uses data analytics to facilitate this connection between emerging brands and individual distributors across Egypt's 27 governorates, enabling small local manufacturers to directly reach consumers through freelance sales agents.

Brimore operates a social commerce platform that connects emerging brand owners with a network of resellers. These resellers market and sell the products of these brands using social media, providing nationwide coverage for the brands. The platform uses data analytics to facilitate this connection between emerging brands and individual distributors across Egypt's 27 governorates, enabling small local manufacturers to directly reach consumers through freelance sales agents.

Chari is an e-commerce and fintech platform designed to support traditional retailers in French-speaking Africa by enabling them to order consumer goods efficiently. Through its application, retailers can conveniently place orders for fast-moving consumer goods, which are delivered for free within 24 hours. In addition to its logistics services, Chari provides financial support to these retailers by offering microloans, facilitating their operational needs and growth. The company's mission centers on empowering entrepreneurs by ensuring a reliable supply of goods and access to financial resources, simplifying the process of digitizing their retail operations.

Rewaa is a company that specializes in cloud-based inventory management software aimed at simplifying the e-commerce operations of retailers. By integrating physical stores with online marketplaces, Rewaa enables retailers to list their in-store products online with minimal operational and marketing costs. The platform automates various functions, including inventory management, order processing, and invoicing, allowing retailers to manage sales and suppliers efficiently. With the Rewaa Cashier System, products in physical stores are automatically listed online, eliminating the need for separate inventories for online sales. This integration also allows physical locations to serve as shipping centers, facilitating quicker order fulfillment and reducing employment costs. Overall, Rewaa aims to streamline e-commerce processes for retailers, enhancing their ability to sell across multiple channels effectively.

Calo is a direct-to-consumer food tech company that specializes in personalized meal subscriptions. The company’s app calculates the specific calories and macronutrients users require, delivering ready-to-eat meals tailored to their fitness goals. By matching users with chef-prepared meals, Calo ensures high-quality food that caters to busy lifestyles. The platform offers a diverse range of meal plans based on individual dietary needs, facilitated by nutritionist-approved algorithms. With a user-friendly interface, the Calo app allows users to analyze their nutritional requirements and subscribe to meal plans in under two minutes, providing a convenient solution for those seeking healthy food options delivered directly to their doorstep.

RemotePass is a provider of an employer-of-record platform designed to assist companies in hiring, onboarding, and managing remote employees and contractors across 150 countries. The platform enables organizations to create legally compliant contracts and collect necessary documentation while facilitating e-signatures. It includes a suite of HR management tools, encompassing multi-currency expense management, time-off tracking, and equipment management. RemotePass streamlines payroll processing, allowing companies to pay their global teams in over 90 currencies efficiently. In addition, the RemotePass Super App offers financial services and benefits such as instant zero-fee payments through the RemotePass card, in-app health insurance plans, and various employee perks. Overall, RemotePass aims to provide a comprehensive and compliant solution for businesses looking to manage their remote workforce effectively.

Maqsam is a cloud communication suite catering to small and medium-sized businesses as well as enterprises in the MENA region and beyond. It offers a cost-effective, pay-as-you-go solution that replaces traditional, bulky hardware used for client communication. The platform provides local numbers from over 200 cities worldwide and facilitates high-quality voice calls, SMS, and WhatsApp messaging. Additionally, Maqsam enables seamless integration with more than ten popular cloud CRM systems. Designed for a diverse range of users, including call centers, restaurants, remote teams, logistics companies, and e-commerce businesses, Maqsam also features advanced capabilities such as unlimited outgoing calls, custom reporting, analytics, and APIs, allowing organizations to decentralize and enhance their client communication 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 is a company based in Amman, Jordan, founded in 2016, that specializes in manufacturing cloud-based point-of-sale systems. By replacing traditional cash registers, POSRocket offers merchants an intuitive and user-friendly platform tailored for various sectors, including restaurants, boutique shops, coffee shops, bakeries, salons, spas, and dry cleaners. The system enables business owners to efficiently manage their operations, optimize manpower resources, regulate inventory, and generate comprehensive sales reports. It allows real-time monitoring and management from any device, empowering merchants to enhance their business operations and improve overall efficiency.

Fatura is a technology platform established in 2019 that aims to transform the fast-moving consumer goods (FMCG) industry in Egypt and Africa. It serves as a digital solution connecting FMCG manufacturers and wholesalers directly with retailers, streamlining the traditional trade cycle. By digitizing the ordering process, Fatura addresses significant challenges faced by retailers, such as supply-side inefficiencies and access to market intelligence. The platform enables retailers to make on-credit purchases, thereby improving their working capital. Additionally, Fatura employs advanced data analytics and artificial intelligence to assess the creditworthiness of retailers within its network, enhancing financial decision-making for both retailers and wholesalers. With notable traction in Cairo and Giza, Fatura is positioned to become a leading player in the FMCG technology landscape across the region.

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 is an on-demand courier platform designed for both individuals and businesses to facilitate the sending and receiving of shipments. By connecting users with couriers, the platform enables efficient parcel delivery while providing real-time tracking of package status. Bosta also offers a cash collection service that provides insights into financial transactions, enhancing the shipping experience for businesses. With a focus on affordability and operational efficiency, Bosta aims to transform the logistics industry through innovative technology and streamlined processes.

Hala is a developer of a digital mobile payment platform designed to facilitate secure and convenient payment transactions for both individuals and businesses. The company provides a comprehensive payment infrastructure that includes point-of-sale solutions, digital wallets, and bank cards, enabling merchants to accept credit card payments seamlessly. Hala's platform equips clients with essential digital tools to manage their payment processes effectively, control cash flow, and analyze sales data, enhancing overall operational efficiency.

Tamara is a prominent shopping and payments platform based in Riyadh, Saudi Arabia, and serves the GCC region. Founded in September 2020 by Abdulmajeed Alsukhan and his partners, the company aims to revolutionize shopping, payment, and banking experiences. With a workforce of over 350 employees, Tamara operates additional offices in the UAE, Egypt, Germany, and Vietnam. The platform empowers merchants by providing flexible payment solutions, including installment options, through its application programming interfaces and plugins. This functionality enhances customer experiences and boosts sales for merchants. Tamara has established a robust customer base of 6 million and collaborates with over 15,000 partner merchants, which include both leading global brands and local small and medium enterprises. The company has successfully raised significant funding, highlighting its strong market presence and growth potential.

Rise is a wealth management platform designed specifically for migrants, aiming to enhance their financial well-being and create opportunities for a better future. The company believes that wealth encompasses not only monetary assets but also knowledge and the drive to grow. By offering tools and resources, Rise assists migrants in managing their finances effectively while also providing access to skill-building opportunities. Through its services, Rise seeks to improve the lives of millions around the globe by empowering them to take control of their financial journeys.

Lean Technologies Limited is a FinTech startup founded in 2019 and based in Riyadh, Saudi Arabia. The company specializes in developing an application programming interface (API) platform that facilitates access to consumer financial data. Its API suite addresses the complexities of fragmented financial infrastructure, allowing businesses to easily access their customers' financial information and execute instant bank transfers. Lean Technologies aims to improve the accessibility, transparency, and functionality of financial data and payment systems, contributing to a more inclusive and interconnected financial ecosystem for both consumers and businesses.

Eyewa is an online optical store that aims to simplify the eyewear shopping experience for consumers. The company offers a diverse range of products, including sunglasses, prescription glasses, blue-light reading glasses, and contact lenses. By focusing on convenience and affordability, Eyewa strives to provide customers with a fashion-forward selection of eyewear that meets their individual needs.

Melltoo is a mobile marketplace designed for buying and selling secondhand goods without the need for in-person meetups. Available on both iPhones and Android devices, as well as through a mobile-responsive web application, Melltoo offers a platform that connects local buyers and sellers. The marketplace features a diverse range of products, including electronics, fashion items, home appliances, and children's goods. To enhance user confidence, Melltoo provides a money-back guarantee on every transaction, ensuring a secure and reliable trading experience for its users.

Aoun Inc, founded in 2016 and based in Amman, Jordan, is an online platform that connects households with various maintenance service providers. The platform facilitates access to utility services, allowing users to easily find and select service providers for needs such as towing, plumbing, and water tank maintenance. Aoun enhances the user experience by incorporating a review and rating system, which helps customers make informed decisions when choosing service providers.

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.

Saydl is a company that specializes in providing delivery services from pharmacies through its smartphone application and web browser platform. The company facilitates the sale and delivery of all pharmaceutical products, offering consumers a convenient way to purchase medications. Saydl's application features include delivery within an hour, a user-friendly interface, scheduled delivery options, and a large stock of pharmaceutical supplies. The company partners with trusted and licensed pharmacies, enabling users to connect with local pharmacies and order medicines online.

Sibly, Inc. is a behavioral artificial intelligence company that has developed a health platform focused on mental and behavioral health. Founded in 2016 and based in Redwood City, California, Sibly aims to provide accessible and effective mental health care through a text-based service that connects employees with compassionate human coaches. The platform employs scientifically-supported techniques, including reflective listening and cognitive behavioral strategies, to ensure timely and appropriate support. With a 24/7 coaching team and oversight from licensed therapists, Sibly enhances employee well-being by addressing the diverse health and wellness needs of large organizations. The company seeks to improve engagement with existing benefits while fostering personal connections that empower users to better understand themselves and enhance their overall mental health.

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.