LinkedIn Unveils 2024 List of Top 10 Startups in Saudi Arabia – Fintech News Saudi Arabia

LinkedIn Unveils Annual List of Top Startups in Saudi Arabia: 10 Emerging Companies to Watch

LinkedIn has released its highly anticipated annual list of the Top Startups in Saudi Arabia, spotlighting 10 fast-growing companies that are making significant waves in the kingdom’s business landscape. These startups are not only attracting attention from investors and jobseekers alike but are also developing innovative solutions that are poised to shape the future of their respective industries. From leveraging cutting-edge technology to simplify daily tasks for customers to creating advanced AI solutions for businesses, these companies are redefining the future.

The list is curated based on exclusive LinkedIn data, evaluating companies across four key pillars: employee growth, jobseeker interest, engagement within the company and its employees, and the startups’ ability to attract talent from LinkedIn’s Top Companies list.

To qualify, startups must meet specific criteria: they must be headquartered in Saudi Arabia, fully independent, privately held, have at least 30 full-time employees, and be no older than seven years. This methodology ensures that the list highlights companies that are not only growing rapidly but are also fostering a dynamic workplace culture and gaining traction within the professional community.

These emerging startups are leading the charge in sectors such as fintech, AI, e-commerce, and more, solidifying Saudi Arabia’s position as a thriving hub for innovation and entrepreneurship.

Top 10 Startups are:

1. Cipher | سايڤر

Full-time headcount: 80 | Year founded: 2021 | Most common skills: Cybersecurity, Information Security, Penetration Testing | Most common job titles: Cyber Security Analyst, Security Researcher, Project Manager Largest job functions: Information Technology, Sales, Engineering | What they do: Cipher is a cybersecurity firm that provides services including penetration testing, vulnerability assessments, risk and compliance evaluations, and security awareness training.

2. Tamara

Full-time headcount: 663 | Year founded: 2020 | Most common skills: MATLAB, Translation, Critical Thinking | Most common job titles: Customer Service Representative, Product Manager, Customer Experience Manager | Largest job functions: Customer Success and Support, Business Development, Product Management | What they do: Tamara is a Buy Now, Pay Later platform that allows users in Saudi Arabia, UAE and Kuwait to split payments. Late last year, it reached $1 billion in valuation after completing a $340 million Series C funding round, it announced in a statement.

3. Mawidy – موعدي

Full-time headcount: 32 | Year founded: 2019 | Most common skills: Psychological Assessment, Problem Solving, Teamwork | Most common job titles: Psychologist, Clinical Psychologist, Social Worker | Largest job functions: Healthcare Services, Community and Social Services, Operations | What they do: Mawidy is a platform that allows online booking of healthcare services and appointments with healthcare providers through the usage of artificial intelligence.

4. مستر مندوب | MR MANDOOB

Full-time headcount: 75 | Year founded: 2018 | Most common skills: Financial Accounting, Financial Reporting, Time Management | Most common job titles: Accountant, Operational Specialist, Logistics Specialist | Largest job functions: Operations, Accounting, Sales | What they do: Mr Mandoob provides delivery services from various stores, parcel delivery within or between cities, gas cylinder refilling, and digital card recharging.

5. SHIFT inc.

Full-time headcount: 500 | Year founded: 2017 | Most common skills: Critical Thinking, Time Management, Teamwork | Most common job titles: Contact Center Specialist, Fleet Manager, Supply Chain Coordinator | Largest job functions: Operations, Customer Success and Support, Human Resources | What they do: Shift Inc is a smart mobility app that allows users to rent vehicles and book chauffeurs online as well as to hire last mile delivery services.

6. Rewaa

Full-time headcount: 451 | Year founded: 2018 | Most common skills: User Experience (UX), User Interface Design, Negotiation | Most common job titles: Sales Specialist, Account Management Specialist, Product Manager | Largest job functions: Sales, Business Development, Product Management | What they do: Rewaa is a platform that allows retailers to automate the operational processes of inventory management, sales and cost control.

7. Soum

Full-time headcount: 100 | Year founded: 2021 | Most common skills: Critical Thinking, Teamwork, Problem Solving| Most common job titles: Product Analyst, Customer Service Specialist, Product Manager | Largest job functions: Operations, Research, Sales | What they do: Soum is an online marketplace for pre-used electronic products, cars and collectibles.

8. LAWAZEM | لوازم

Full-time headcount: 63 | Year founded: 2021 | Most common skills: Human Resources, Teamwork, Negotiation | Most common job titles: Category Manager, Sales Manager | Largest job functions: Sales, Marketing, Operations | What they do: LAWAZEM is an online B2B marketplace offering a range of office supplies including stationery, groceries, cleaning materials and IT and printing needs.

9. Mozn

Full-time headcount: 265 | Year founded: 2017 | Most common skills: Machine Learning, Deep Learning, User Experience (UX) | Most common job titles: Software Engineer, Data Scientist, Business Analyst | Largest job functions: Engineering, Business Development, Information Technology | What they do: Mozn provides Enterprise AI solutions for government, financial and health sectors that facilitate decision making in different areas including risk and fraud.

10. Squadio

Full-time headcount: 55 | Year founded: 2019 | Most common skills: JavaScript, HTML, Java, Object-Oriented Programming (OOP), C++ | Most common job titles: Business Development Specialist, Product Manager, Account Manager | Largest job functions: Engineering, Business Development, Product Management | What they do: Squadio is a talent solutions platform which manages all aspects of  the employment process including payroll and HR management services.

Source: LinkedIn

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