Riyadh, Saudi Arabia – Yalla Plus, a Riyadh-based tech company, has successfully closed a $2.7 million seed funding round, positioning itself as a rising star in the global restaurant and café technology space. The funding round was led by Merak Capital, with significant contributions from Khwarizmi Ventures, the American firm Isometry, and a group of […]
Riyadh, Saudi Arabia — Adaverse, a prominent Web3 venture builder, has committed a $500,000 pre-seed investment in Mithu, an emerging loyalty platform aggregator designed specifically for restaurants and cafes in Saudi Arabia. This strategic investment is poised to transform the loyalty program landscape in the Kingdom by addressing a significant pain point for both customers […]
Riyadh – Athir, a pioneering health tech company in Saudi Arabia, has successfully closed its first investment funding round, marking a significant milestone in its mission to revolutionize the healthcare sector. The round saw participation from prominent investors, including Wa’ed Ventures, SHARE Investment Co., and RZM Investment. Founded in 2017 by Jawad Chaudhry, Ahmad AlJehani, […]
Tamara, a leading buy now, pay later (BNPL) provider in the Middle East, has officially partnered with Al-Dawaa Medical Services Co., one of Saudi Arabia’s largest and most prominent retail pharmacy chains. This collaboration aims to bring seamless and flexible payment solutions to millions of customers, both in-store and online. Under this partnership, Tamara’s payment […]
August 8, 2024 – Riyadh, Saudi Arabia: Saudi-based social networking platform “Link” has successfully closed its seed funding round, raising $1.6 million. The funding round was led by Core Vision, alongside prominent Saudi investor Badr Al-Arjani. Founded in 2020 by Abdullah Al-Othman, Link has quickly made its mark in the digital space, offering an array […]
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 […]
Riyadh, Saudi Arabia – August 7, 2024 – Blend, a Saudi Arabian startup founded in 2023, has successfully raised SAR 5 million in a Pre-Seed investment round. This funding, backed by a group of angel investors, is set to propel the development of innovative tech solutions tailored for the restaurant, cafe, hypermarket, and cloud kitchen […]
Riyadh, Saudi Arabia – August 6, 2024 – Hawsabah (حوسبة), a leading technology solutions provider, has announced a strategic partnership with Zoom, a global leader in communication and connectivity solutions. This collaboration aims to deliver comprehensive solutions to clients across the Kingdom of Saudi Arabia, empowering businesses with cutting-edge technologies that foster growth and collaboration. […]
Riyadh, Saudi Arabia – In a significant announcement today, Mr. Abdullah bin Sulaiman Al Rajhi, Chairman of the Board of Directors of Alrajhi Bank, revealed that the bank has achieved its highest semi-annual profits since its establishment. For the first half of 2024, Alrajhi Bank reported a net income of 9,103 million riyals, marking a […]
In a significant move aimed at raising credit efficiency and sustainability, Mr. Suwaid Al-Zahrani, the CEO of SIMAH (Saudi Credit Bureau), and Mr. Ali Al Mansour, the Managing Director and CEO of SAB Invest Company, have signed a membership agreement. This strategic partnership underscores SIMAH’s commitment to advancing the credit information industry. Mr. Suwaid Al-Zahrani […]