Riyadh, August 8, 2024 – Twlm Information Technology, a rising star in the tech industry, has successfully secured a SAR 1 million investment in a funding round led by B Group, a prominent Saudi-based investment firm. The round also saw participation from a group of angel investors who have expressed strong confidence in Twlm’s innovative vision and ambitious growth plans.
Founded in 2023 by a team of seasoned professionals—Ahmed Al-Dakheel, Abdulaziz Al-Rashoud, Abdullah Al-Dakheel, and Waleed Al-Qarni—Twlm has quickly established itself as a key player in Saudi Arabia’s tech landscape. The founders bring a wealth of experience in information technology and business management, which has enabled them to craft a strategic vision that aligns with the evolving demands of the Saudi market.
Twlm’s flagship app focuses on providing cutting-edge solutions for order pickup services from restaurants and retail stores, offering a practical and efficient tool for both business owners and consumers. Since its launch, the app has onboarded more than 250 restaurants and stores, a testament to its high-quality service and user-centric design. The platform delivers a seamless experience, combining speed and efficiency, making it a preferred choice for restaurant and store owners looking to optimize operations and expand their customer base.
With this new influx of capital, Twlm is set to accelerate its ambitious expansion strategy. The company plans to scale its operations across Saudi Arabia, with a target of onboarding 1,000 restaurants and stores by the end of the current fiscal year. This expansion is a key part of Twlm’s broader strategy to enhance its services, broaden its reach, and increase its market share in the Kingdom’s rapidly evolving tech sector.
In an official statement, Twlm emphasized that the investment will be instrumental in strengthening its infrastructure and advancing its technological capabilities. The company is committed to ensuring that it continues to deliver top-notch services to both its current and future clients, solidifying its position as a formidable competitor in the market.
This significant investment marks a major milestone in Twlm’s journey, opening up new avenues for growth and innovation. As the company looks to the future, it remains focused on achieving sustainable growth and driving innovation within Saudi Arabia’s tech services sector.
