DAAL

DAAL is a venture capital firm based in Al Khobar, Saudi Arabia, focused on growth capital and emerging investments in the information technology sector. Established in 2017, DAAL targets companies in areas such as software as a service, internet of things, artificial intelligence, fintech, and big data. The firm aims to connect promising IT opportunities globally with experienced investors from Saudi Arabia, facilitating the entry of innovative companies into the Gulf Cooperation Council region. By offering mentorship and business development insights, DAAL supports the growth of emerging companies, particularly those looking to expand into the Middle Eastern market. The firm is committed to fostering investment in the technology landscape and creating valuable opportunities for its investors.

Abdulrahman Al-Qahtani

CEO

Farah Hijjawi

Investment Manager

Past deals in Azerbaijan

Paymes

Seed Round in 2019
Paymes is a fintech startup focused on providing streamlined payment solutions for social commerce, aiming to simplify and expedite the entry of sellers into e-commerce. With operations in Turkey, Azerbaijan, and the GCC market, Paymes offers a range of services that allow merchants to accept payments through popular messaging apps like Facebook Messenger and WhatsApp, as well as via web browsers without the need for additional applications. The platform features a corporate collection panel for efficient payment management, QR code payment options, and the ability to transform mobile phones into point-of-sale systems. Additionally, Paymes provides an open API and ready-to-use plugins for popular e-commerce platforms, enabling users to list products and manage transactions seamlessly. By leveraging AI and offering a channel-independent approach, Paymes delivers a user-friendly experience that requires no special financial literacy, making it accessible to a broad audience.

Paymes

Seed Round in 2018
Paymes is a fintech startup focused on providing streamlined payment solutions for social commerce, aiming to simplify and expedite the entry of sellers into e-commerce. With operations in Turkey, Azerbaijan, and the GCC market, Paymes offers a range of services that allow merchants to accept payments through popular messaging apps like Facebook Messenger and WhatsApp, as well as via web browsers without the need for additional applications. The platform features a corporate collection panel for efficient payment management, QR code payment options, and the ability to transform mobile phones into point-of-sale systems. Additionally, Paymes provides an open API and ready-to-use plugins for popular e-commerce platforms, enabling users to list products and manage transactions seamlessly. By leveraging AI and offering a channel-independent approach, Paymes delivers a user-friendly experience that requires no special financial literacy, making it accessible to a broad audience.
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