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.

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.

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.

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.