Hakbah Fintech is an innovative startup based in Saudi Arabia that focuses on transforming financial savings through a unique social savings model. The company aims to simplify and enhance the savings experience for individuals by offering a digital platform that facilitates the creation and management of savings groups. Users can join existing groups or establish their own, allowing them to save collaboratively with others. The platform supports various savings methods, including time-based contributions, and enables users to conveniently pay installments via debit cards. When it's their turn, participants can easily withdraw funds to their bank accounts, thereby empowering them to take control of their savings in a hassle-free manner. Hakbah's mission is to make savings more accessible to everyone, positively impacting financial habits and social interaction around saving.
Hakbah Fintech is an innovative startup based in Saudi Arabia that focuses on transforming financial savings through a unique social savings model. The company aims to simplify and enhance the savings experience for individuals by offering a digital platform that facilitates the creation and management of savings groups. Users can join existing groups or establish their own, allowing them to save collaboratively with others. The platform supports various savings methods, including time-based contributions, and enables users to conveniently pay installments via debit cards. When it's their turn, participants can easily withdraw funds to their bank accounts, thereby empowering them to take control of their savings in a hassle-free manner. Hakbah's mission is to make savings more accessible to everyone, positively impacting financial habits and social interaction around saving.
Zid is a cloud-based multi-channel commerce platform tailored for small and medium-sized businesses in Saudi Arabia. Founded in 2017 and headquartered in Riyadh, Zid enables merchants to create their own branded eStores while integrating with various supply chain players. The platform offers a comprehensive suite of tools that allow users to manage products and inventory, process orders and payments, ship products, and build customer relationships. It also provides analytics and reporting features, facilitating data-driven decision-making, and offers access to financing options. Zid's mission is to simplify the entry of retailers into electronic commerce, making it accessible and professional for businesses in the region.
Hire at enterprise scale without enterprise complexity. Since 2019, Elevatus has been rigorously implementing the latest in AI technology and modern science to design award-winning recruiting solutions that are revolutionizing the future of HR. Through these solutions, hundreds of companies from all over the world have been able to hire and assess over 1 million candidates to date. Elevatus helps enterprises, industry giants, startups, and brands from all around the globe centralize their core HR processes under one unified umbrella – to create a faster and more cost-efficient hiring experience. Today, Elevatus is a multi-award-winning software company headquartered in Saudi Arabia; with a growing client base, first-class awards, and legions of talented people in our team.
Tabby Inc. is a financial technology company based in the United Arab Emirates that offers innovative payment solutions for online and offline shopping. The company specializes in a buy now, pay later service, providing consumers in the UAE and Saudi Arabia with flexible payment options. Customers can choose to pay for their purchases either in a single deferred payment or in multiple installments, allowing them to manage their spending and enhance their shopping experience. Through its platform, Tabby aims to reshape the relationship between consumers and money, promoting financial freedom and responsible spending.
Red Sea Farms
Series A in 2021
Red Sea Farms is a company based in Thuwal, Saudi Arabia, specializing in sustainable agriculture solutions tailored for saltwater and desert environments. It focuses on developing innovative technologies that enhance produce cultivation while conserving water and energy. The company offers a range of products and services, including technical consultancy, design, and project management for greenhouse and hydroponic farming systems. With its patent-pending technology, Red Sea Farms aims to enable farms to produce higher quality food more efficiently, ultimately increasing profitability in an environmentally sustainable manner.
Zid is a cloud-based multi-channel commerce platform tailored for small and medium-sized businesses in Saudi Arabia. Founded in 2017 and headquartered in Riyadh, Zid enables merchants to create their own branded eStores while integrating with various supply chain players. The platform offers a comprehensive suite of tools that allow users to manage products and inventory, process orders and payments, ship products, and build customer relationships. It also provides analytics and reporting features, facilitating data-driven decision-making, and offers access to financing options. Zid's mission is to simplify the entry of retailers into electronic commerce, making it accessible and professional for businesses in the region.
Tabby Inc. is a financial technology company based in the United Arab Emirates that offers innovative payment solutions for online and offline shopping. The company specializes in a buy now, pay later service, providing consumers in the UAE and Saudi Arabia with flexible payment options. Customers can choose to pay for their purchases either in a single deferred payment or in multiple installments, allowing them to manage their spending and enhance their shopping experience. Through its platform, Tabby aims to reshape the relationship between consumers and money, promoting financial freedom and responsible spending.
Lean Technologies
Seed Round in 2020
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.
Kitopi is a Kitchen as a Service (KaaS) platform that provides restaurants with the essential infrastructure and software needed to establish delivery-only locations efficiently and cost-effectively. Founded in 2018 by Mohamad Ballout, Saman Darkan, Bader Ataya, and Andy Arenas, the company operates a network of over 60 cloud kitchens across the United Arab Emirates, Saudi Arabia, Kuwait, and Bahrain. Kitopi's offerings include kitchen infrastructure, management services, call assistance, delivery management, trained staff, and industry-specific technology, allowing restaurateurs to focus on their culinary creations while minimizing capital expenditure and time. Although Kitopi expanded into the United States in 2019, it exited the market following the onset of the pandemic.
HolidayMe
Series C in 2018
HolidayMe is an online travel portal established in 2013, operating under the registered trademark of Traveazy DMCC and headquartered in Dubai, UAE. The company specializes in providing a comprehensive online travel booking platform that allows customers to plan their holidays with ease. It offers a wide range of services, including hotel bookings, customized travel packages, and booking vouchers, catering to both B2B and B2C markets. HolidayMe focuses on enhancing the travel experience for its users by providing tailored solutions that meet the diverse needs of travelers. With additional offices in Pune, Jeddah, and Cairo, the company has gained recognition in the travel industry, particularly within the GCC region, for its commitment to quality service and customer satisfaction.