Hala Ventures

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.

CreditFins is a pioneering FinTech platform in Egypt and the surrounding region, dedicated to alleviating financial stress through an innovative debt management solution. The platform focuses on helping clients pay off their credit card debt more efficiently and affordably via a subscription-based model. CreditFins employs a proprietary scoring system and plans to incorporate machine learning to deliver tailored financial services. This approach aims to improve clients' financial well-being by providing them with the necessary tools and information to make informed decisions, thereby empowering them to manage their finances more effectively.

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.

VUZ is a leading immersive social application that allows users to stream and engage with XR and Metaverse digital experiences featuring a high level of realism. The platform connects the physical and virtual worlds, offering the largest premium library of exclusive immersive content, with over 20,000 hours covering entertainment, sports, and various creator segments. VUZ aims to foster global connections by providing authentic immersive experiences, thereby overcoming travel, time, and access constraints for billions of users worldwide. Established in 2017, the company operates offices in Los Angeles, Dubai, and Riyadh, and its application supports live streaming of virtual sports, talk shows, music, and events, enhancing user engagement through immersive technologies.

Buseet Corporation is a shared mobility startup based in Cairo, Egypt, founded in 2016. The company operates an online bus platform that simplifies the process of booking bus rides for daily commuters. Users can select their pickup and drop-off points, utilize saved locations for convenience, and pay via credit card. Buseet's platform offers the option to find nearby stations and provides personalized recommendations to help users optimize their travel plans. The service features air-conditioned buses with fixed routes and times, ensuring a comfortable commuting experience. Additionally, Buseet offers customer support to assist users in planning their daily commutes efficiently.

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.

VUZ is a leading immersive social application that allows users to stream and engage with XR and Metaverse digital experiences featuring a high level of realism. The platform connects the physical and virtual worlds, offering the largest premium library of exclusive immersive content, with over 20,000 hours covering entertainment, sports, and various creator segments. VUZ aims to foster global connections by providing authentic immersive experiences, thereby overcoming travel, time, and access constraints for billions of users worldwide. Established in 2017, the company operates offices in Los Angeles, Dubai, and Riyadh, and its application supports live streaming of virtual sports, talk shows, music, and events, enhancing user engagement through immersive technologies.

Paymennt is a mobile-first payments platform that facilitates online and in-person transactions, as well as payments through links. It primarily serves micro and small businesses, emphasizing simplicity and efficiency in its payment solutions. Originally founded as PointCheckout Holding Company Ltd in 2017, the company is headquartered in Dubai, United Arab Emirates, with an additional office in Amman, Jordan. It specializes in providing an online payment gateway that allows users to redeem and spend loyalty points and miles.

Paymennt is a mobile-first payments platform that facilitates online and in-person transactions, as well as payments through links. It primarily serves micro and small businesses, emphasizing simplicity and efficiency in its payment solutions. Originally founded as PointCheckout Holding Company Ltd in 2017, the company is headquartered in Dubai, United Arab Emirates, with an additional office in Amman, Jordan. It specializes in providing an online payment gateway that allows users to redeem and spend loyalty points and miles.

Paymennt is a mobile-first payments platform that facilitates online and in-person transactions, as well as payments through links. It primarily serves micro and small businesses, emphasizing simplicity and efficiency in its payment solutions. Originally founded as PointCheckout Holding Company Ltd in 2017, the company is headquartered in Dubai, United Arab Emirates, with an additional office in Amman, Jordan. It specializes in providing an online payment gateway that allows users to redeem and spend loyalty points and miles.

Buseet Corporation is a shared mobility startup based in Cairo, Egypt, founded in 2016. The company operates an online bus platform that simplifies the process of booking bus rides for daily commuters. Users can select their pickup and drop-off points, utilize saved locations for convenience, and pay via credit card. Buseet's platform offers the option to find nearby stations and provides personalized recommendations to help users optimize their travel plans. The service features air-conditioned buses with fixed routes and times, ensuring a comfortable commuting experience. Additionally, Buseet offers customer support to assist users in planning their daily commutes efficiently.

Enhance Ventures, founded in 2016 and based in Dubai, is a venture builder focused on creating online businesses that provide life-enhancing products and services in the Middle East, North Africa, Pakistan, and Turkey (MENAPT) region. The firm emphasizes the finance and commerce sectors and has developed notable portfolio companies, including the leading online gifting platform in the Middle East, joi. Enhance Ventures attracts investment from a diverse group of venture capital firms and prominent angel investors across the Middle East, Europe, and the United States, including 500 Startups and Shorooq Capital.

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.

Magnitt, Inc. is a Dubai-based platform founded in 2014 that connects investors, mentors, and startups in the Middle East and North Africa (MENA) region. It operates a comprehensive database featuring over 5,500 startups and more than 200 investors, facilitating networking and collaboration among various stakeholders in the entrepreneurial ecosystem. The platform provides valuable investment-related information and analytical insights, assisting startups in securing funding and talent while enabling investors and corporates to make informed decisions. Magnitt serves as a vital resource for emerging companies and investors looking to engage in the MENA market.

Democrance is an insurance technology company based in Dubai, United Arab Emirates, founded in 2015. It specializes in developing software that facilitates the distribution, servicing, and administration of insurance policies across the Middle East and Northern Africa. The company focuses on providing insurance solutions to underinsured and uninsured populations in emerging markets, offering a range of products from micro-insurance to traditional policies. Democrance's platform enables low-income families to access life and health insurance programs conveniently through mobile devices, while also providing essential industry expertise, project management, customer management, and claim management services.

Dailymealz is a food delivery platform based in Riyadh, Saudi Arabia, founded in 2017. The company focuses on promoting healthy eating by connecting customers with top healthy food restaurants in Saudi Arabia and Kuwait. Dailymealz offers a subscription service that allows users to select healthy meals for delivery on a weekly or monthly basis. With a commitment to authentic taste and nutrition, the platform provides a diverse selection of local products, simplifying the process of enjoying nutritious meals at home. The integration of skilled chefs and efficient logistics ensures that customers receive quality meals delivered to their doorsteps.