HALA Ventures

Based in Saudi Arabia, Nearpay is a fintech company dedicated to simplifying merchant payments. They develop innovative payment infrastructure solutions tailored for banks, payment providers, and SaaS startups.

Based in Saudi Arabia, Nearpay is a fintech company dedicated to simplifying merchant payments. They develop innovative payment infrastructure solutions tailored for banks, payment providers, and SaaS startups.

VUZ is a developer of an immersive video platform and social app for XR and Metaverse experiences. It streams 360-degree video, live events, and interactive entertainment across VR, AR, and other devices, enabling users to access immersive content from anywhere. It offers a large library of content (over 20,000 hours) spanning entertainment, creators, and sports, and features such as gyroscope-based navigation and social sharing to enhance realism and interactivity. It aims to connect people by removing travel, time, and access constraints. Founded in 2017, the company operates with offices in Los Angeles, Dubai, and Riyadh.

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.

VUZ is a developer of an immersive video platform and social app for XR and Metaverse experiences. It streams 360-degree video, live events, and interactive entertainment across VR, AR, and other devices, enabling users to access immersive content from anywhere. It offers a large library of content (over 20,000 hours) spanning entertainment, creators, and sports, and features such as gyroscope-based navigation and social sharing to enhance realism and interactivity. It aims to connect people by removing travel, time, and access constraints. Founded in 2017, the company operates with offices in Los Angeles, Dubai, and Riyadh.

Paymennt is a mobile-first payments platform designed to facilitate online and in-person transactions for businesses, particularly micro and small enterprises. Founded in 2017 and headquartered in Dubai, United Arab Emirates, with an additional office in Amman, Jordan, the company specializes in providing a simple and efficient payment solution. Paymennt enables users to accept payments through various methods, including payment links, thereby streamlining the payment process and enhancing the overall customer experience. The company also focuses on integrating loyalty and reward points into its payment systems, allowing users to redeem and spend their points seamlessly.

Paymennt is a mobile-first payments platform designed to facilitate online and in-person transactions for businesses, particularly micro and small enterprises. Founded in 2017 and headquartered in Dubai, United Arab Emirates, with an additional office in Amman, Jordan, the company specializes in providing a simple and efficient payment solution. Paymennt enables users to accept payments through various methods, including payment links, thereby streamlining the payment process and enhancing the overall customer experience. The company also focuses on integrating loyalty and reward points into its payment systems, allowing users to redeem and spend their points seamlessly.

Paymennt is a mobile-first payments platform designed to facilitate online and in-person transactions for businesses, particularly micro and small enterprises. Founded in 2017 and headquartered in Dubai, United Arab Emirates, with an additional office in Amman, Jordan, the company specializes in providing a simple and efficient payment solution. Paymennt enables users to accept payments through various methods, including payment links, thereby streamlining the payment process and enhancing the overall customer experience. The company also focuses on integrating loyalty and reward points into its payment systems, allowing users to redeem and spend their points seamlessly.

Enhance Ventures is a venture studio founded in 2016 and headquartered in Dubai, United Arab Emirates. It specializes in building online businesses across the Middle East, North Africa, Pakistan, and Turkey, with a focus on finance and commerce. The firm develops life‑enhancing products and services, exemplified by its portfolio company joi, a leading online gifting platform. Investors include 500 Startups, Shorooq Capital, Inet, Hala Capital, Kadi Holding, Two Culture Capital, and prominent angel investors from the Middle East, Europe, and the United States.

Telfaz11 is a media production company based in Riyadh, Saudi Arabia, founded in 2011. It operates an Arabic multi-channel network that focuses on talent management, comedy, entertainment, and content creation. The company specializes in producing and distributing engaging online content, partnering with video platforms to deliver captivating series and films that resonate with local audiences while maintaining universal appeal. Telfaz11 influences social trends and provides opportunities for brands to promote themselves through its creative entertainment offerings, ensuring a blend of entertainment and brand promotion within its network.

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 insurtech company that builds software to help insurers distribute, service, and administer insurance policies in the Middle East and North Africa. Founded in 2015 and based in Dubai, the company aims to democratize access to insurance by offering a micro-insurance services platform that supports life and health programs, project management, customer management, and claim handling, with delivery via mobile phones. The platform serves insurers and brokers across a broad range of products, from high-ticket policies to micro-insurance, and is designed to reach underinsured and uninsured populations in emerging markets. By simplifying policy access and administration, Democrance enables targeted distribution, better service, and expanded coverage for low-income families and other underserved customers.

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 the best healthy food restaurants in Saudi Arabia and Kuwait. Through its innovative platform, DailyMealz offers subscription services that allow users to order nutritious meals for a week or a month, ensuring they receive a variety of healthy options made from local ingredients. With a team of skilled inventors and professional drivers, DailyMealz simplifies the process of enjoying healthy meals every day, delivering them directly to customers' doorsteps.