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Top 50 Financial Services VC Funds & Investors in Saudi Arabia (May 2026)

The most active venture capital funds investing in Saudi Arabia Financial Services startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Saudi Arabia Financial Services startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Impact46
VC Fund
10 Saudi Arabia, United Arab Emirates, Oman Seed, Series A E-Commerce, Financial Services, Predictive Analytics $1.3M–$37M
Raed Ventures
VC Fund
7 Saudi Arabia, United Arab Emirates, Egypt Seed, Series A, Pre-Seed E-Commerce, Software, Financial Services $490k–$21M
Vision Ventures
VC Fund
5 Saudi Arabia, United Arab Emirates, Egypt Seed, Series A E-Commerce, Software, Information Technology $60k–$25M
VentureSouq
VC Fund
4 United States, United Arab Emirates, Saudi Arabia Seed, Series A, Series B FinTech, Financial Services, Software $250k–$50M
Khwarizmi Ventures
VC Fund
4 Saudi Arabia, Egypt, United Arab Emirates Seed, Series A, Pre-Seed E-Commerce, Software, FinTech $1.7M–$37M
Derayah Venture Capital
VC Fund
3 Saudi Arabia, United Arab Emirates Seed, Series A, Series B Predictive Analytics, Financial Services, FinTech $1.6M–$5M
Saudi Venture Capital Company
VC Fund
3 Saudi Arabia, Germany, United States Seed, Series A, Series B E-Commerce, Predictive Analytics, Software $427k–$9M
Business Innovation Mine (BIM)
VC Fund
3 Saudi Arabia Seed, Pre-Seed Apps, Mobile Apps, Industrial Automation $853k–$1.8M
Saudi Aramco Entrepreneurship Ventures
VC Fund
3 Saudi Arabia, India, Luxembourg Series A, Seed Information Technology, Software, Intelligent Systems $507k–$13M
Shorooq Partners
VC Fund
3 United Arab Emirates, Pakistan, United States Seed, Series A, Pre-Seed Financial Services, E-Commerce, FinTech $200k–$23M
HALA Ventures
VC Fund
3 United Arab Emirates, Saudi Arabia, Egypt Seed, Series A, Pre-Seed FinTech, Software, Predictive Analytics $284k–$9M
SEEDRA Ventures
VC Fund
3 Saudi Arabia, Egypt, United States Seed, Series A, Pre-Seed Predictive Analytics, FinTech, Financial Services $1.3M–$8M
Oqal
VC Fund
2 Saudi Arabia, United Arab Emirates, Egypt Seed, Pre-Seed, Series A E-Commerce, Information Technology, Marketplace $80k–$1.8M
500 Falcons
VC Fund
2 Saudi Arabia, United States Pre-Seed, Seed FinTech, Finance, Internet $425k–$1.1M
Merak Capital
VC Fund
2 Saudi Arabia, United States Seed, Series A, Private Equity E-Commerce, Financial Services, Software $1.3M–$3M
Nuwa Capital
VC Fund
2 United Arab Emirates, Egypt, Saudi Arabia Seed, Pre-Seed, Series B E-Commerce, Financial Services, FinTech $46k–$14M
BECO Capital
VC Fund
2 United Arab Emirates, United States, Egypt Seed, Series A, Series B E-Commerce, Financial Services, Information Technology $800k–$60M
Outliers Venture Capital
VC Fund
2 Egypt, Saudi Arabia, United States Seed, Series A, Pre-Seed E-Commerce, Information Technology, Predictive Analytics $7M–$23M
Wealth Well
VC Fund
2 Saudi Arabia, United Arab Emirates Seed FinTech, Financial Services, Predictive Analytics $1.7M–$5.6M
Mad'a Investment Company
VC Fund
2 United Arab Emirates, Saudi Arabia, Kuwait Seed, Pre-Seed FinTech, Financial Services, E-Commerce $1.6M–$13M
STV
VC Fund
2 Saudi Arabia, United Arab Emirates, United States Series A, Seed, Series B E-Commerce, Predictive Analytics, Financial Services $2.1M–$50M
Nama Ventures
VC Fund
2 Saudi Arabia, Egypt, United Arab Emirates Pre-Seed, Seed E-Commerce, Information Technology, Marketplace $100k–$14M
Global Ventures
VC Fund
2 United Arab Emirates, Egypt, United States Series A, Seed, Series B Health Care, FinTech, Financial Services $870k–$60M
Arzan Venture Capital
VC Fund
2 United Arab Emirates, Egypt, Saudi Arabia Seed, Series A, Series B Software, E-Commerce, SaaS $600k–$50M
Yazeed Al-Rajhi and Brothers Holding Company
VC Fund
1 Saudi Arabia Series A Banking, FinTech, Lending
RZM Investments
VC Fund
1 Saudi Arabia Seed EdTech, Education, Communities $1.8M–$2.3M
MRK
VC Fund
1 Saudi Arabia Pre-Seed Finance, Financial Services
Wallan Group
VC Fund
1 Saudi Arabia Seed, Pre-Seed Payments, Real Estate, Financial Services
Saudi Venture Capital
VC Fund
1 Saudi Arabia, Tunisia Seed, Series A, Series B E-Commerce, Internet, Predictive Analytics $300k–$300k
Integrated Networks
VC Fund
1 United Arab Emirates, Saudi Arabia Seed, Series A FinTech, Mobile, Internet $1M–$2.3M
Elm
VC Fund
1 Saudi Arabia Series A, Seed, Series B E-Commerce, Internet, SMS $2.3M–$4M
Wamda Capital
VC Fund
1 United Arab Emirates, Jordan, Turkey Seed, Series A, Series B E-Commerce, Internet, Financial Services $500k–$47M
Riyad Bank
VC Fund
1 Saudi Arabia Series A Banking, FinTech, Lending
MetLife Foundation
VC Fund
1 United Arab Emirates, Mexico, Turkey Seed, Grant, Pre-Seed Financial Services, FinTech, Finance $10k–$20k
Al Yusr
VC Fund
1 Saudi Arabia Seed FinTech, Peer to Peer
Breyer Capital
VC Fund
1 United States, United Kingdom, Kenya Series A, Series B, Seed Health Care, Software, Financial Services $2.4M–$75M
Human Capital
VC Fund
1 United States, Brazil, France Series A, Seed, Series B Software, Financial Services, FinTech $1.5M–$72M
Palm Ventures
VC Fund
1 United States, Australia, Saudi Arabia Seed, Angel FinTech, Software, SaaS
Jameel Investment Management Company
VC Fund
1 Egypt, Saudi Arabia, United States Seed, Series B, Series A Financial Services, Software, Finance
Sukna Ventures
VC Fund
1 Saudi Arabia, United Arab Emirates, United States Seed, Series A Information Technology, Financial Services, SaaS $100k–$5M
PreAngel
VC Fund
1 China, United States, Switzerland Angel, Seed, Series A Internet, Software, Blockchain $124k–$10M
Global Founders Capital
VC Fund
1 United States, Germany, United Kingdom Seed, Series A, Pre-Seed Financial Services, Software, FinTech $725k–$30M
WAED Ventures
VC Fund
1 Kuwait Series B Apps, Coffee, Internet
SVC
VC Fund
1 Switzerland, Germany, Saudi Arabia Series A, Seed, Pre-Seed Medical, Biotechnology, Information Technology $278k–$5.9M
Terra VC
VC Fund
1 United Kingdom Series A Internet, Software, Machine Learning
Le Augure
VC Fund
1 Saudi Arabia Seed FinTech, Predictive Analytics
Redstone
VC Fund
1 Germany, Switzerland, Finland Series A, Seed Software, FinTech, E-Commerce $846k–$11M
OMQ Investments
VC Fund
1 Saudi Arabia, United Arab Emirates Seed, Pre-Seed FinTech, Information Services, Information Technology
Dahran Trading Group
VC Fund
1 Saudi Arabia Seed FinTech, Predictive Analytics
RAI group
VC Fund
1 Saudi Arabia Pre-Seed Apps, FinTech, Financial Services
Access all 52 VC funds in Saudi Arabia Financial Services startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Impact46
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 10 investments in Saudi Arabia Financial Services startups

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Investment focus

  • Industry: E-Commerce, Financial Services, Predictive Analytics
  • Stage:Seed, Series A
  • Geography: Saudi Arabia, United Arab Emirates, Oman

Investor stats

  • Total investments: 46
  • Round size: Seed $1.3M–$5M; Series A $5M–$37M
  • Lead/follow: 48% lead, 52% follow

Portfolio highlights

  • Zid زد — Zid is an e-commerce in a box - solution that any retailer can use to start their eRetail. Zid helps them to build their own eStores (with their own name and identity) and integrates them with the supply chain players to enable them to manage and with ease. The company aims to enable the retail sector to enter the world of electronic retail in aneasy and professional.Zid was founded in 2017 and based in Riyadh, Ar Riyad, Saudi Arabia.
  • DataLexing — DataLexing is an All-in-One Data-Driven productivity platform that brings Insights, Apps, Notifications, Forms, and Sheets together in one place.
  • Al Matar Group — Al Matar Group provides individuals and businesses with technical travel solutions.
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Raed Ventures
VC Fund · Dammam, Ash Sharqiyah, Saudi Arabia · 7 investments in Saudi Arabia Financial Services startups

We partner with exceptional founders building breakthrough companies and creating scalable impact in MENA region

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Investment focus

  • Industry: E-Commerce, Software, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Saudi Arabia, United Arab Emirates, Egypt

Investor stats

  • Total investments: 57
  • Round size: Seed $600k–$7M; Pre-Seed $490k–$11M; Series A $2.3M–$21M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • Mozn — Confidently screen customers, monitor transactions and assess risk with powerful AI and seamless automation.
  • Sylndr — Sylndr is an automotive focused e-commerce marketplace bringing innovation to the used-cars market, where customers can reliably and transparently sell and buy used cars. The company is aiming to build trust in the used-car market by becoming the go-to place for customers seeking to sell and buy their cars, through an extensive range ofhigh-quality used vehicles accessible across a diverse set of financing solutions.
  • Wafeq وافق — Send invoices or purchase orders, manage your inventory and your payroll, and get over 30 reports to manage your company, all in one software.
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Vision Ventures
VC Fund · Dammam, Ash Sharqiyah, Saudi Arabia · 5 investments in Saudi Arabia Financial Services startups

Vision Ventures (VV) is an early stage venture capital firm founded by experienced entrepreneurs. Its slogan is:"By Entrepreneurs for Entrepreneurs". We invest in innovative startups in the Seed and Series A across a wide range of verticals. We help startups realize their dreams and make a difference in a noisy world. We are an energeticteam that has a wealth of experience in starting companies and steering them to success and hyper growth. Our combined experience spans over 90 years in multiple countries which gives us extensive experience in multi-national, multi-cultural teams. We provide startups with hands on assistance and guidance on marketing, sales, product/service development, financial planning and management, expansion & growth strategy, and more.

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Investment focus

  • Industry: E-Commerce, Software, Information Technology
  • Stage:Seed, Series A
  • Geography: Saudi Arabia, United Arab Emirates, Egypt

Investor stats

  • Total investments: 62
  • Round size: Seed $60k–$2.5M; Series A $1.3M–$25M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Haseel — The new concept to meet your needs of vegetables and fruits selects you the best crops and the best prices in a way that is consistent with your digital age.
  • Nearpay — Focus On Building Deep Technology To Create Innovations
  • RedBox — Don't wait for drivers to deliver your packages! Instead, use RedBox lockers to ship your packages and collect them at your convenient time. No human contact!
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VentureSouq
VC Fund · Dubai, Dubai, United Arab Emirates · 4 investments in Saudi Arabia Financial Services startups

VentureSouq operates a large co-investment platform with a global investment portfolio.

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Arab Emirates, Saudi Arabia

Investor stats

  • Total investments: 139
  • Round size: Seed $250k–$6.5M; Series A $6M–$30M; Series B $5M–$50M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • D3 — D3 - DNS Domains for Web3
  • Silkhaus — A seamless, sophisticated experience you can rely on. Choose from the wide variety of furnished Boutique Flats and apartments for short and long-term stays from Silkhaus.
  • Metriport — Metriport helps digital health companies access and manage patient health and medical data, through an open-source and universal API.
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Khwarizmi Ventures
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 4 investments in Saudi Arabia Financial Services startups

Khwarizmi Ventures is a venture capital firm that seeks investments in startups with a passion for algorithms. It seeks to help create their vision, as they embark on a journey together that aligns their goals to improve quality of life using technology powered by algorithms.Ever since its launch in 2018, it has seed funded startups, assistedfounders, and scaled up several companies.

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Investment focus

  • Industry: E-Commerce, Software, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Saudi Arabia, Egypt, United Arab Emirates

Investor stats

  • Total investments: 23
  • Round size: Seed $1.7M–$19M; Series A $6.7M–$37M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — raised $63M in 2021

Portfolio highlights

  • erad — erad provides growth capital to online businesses. Connect your analytics and receive funding offers, for non-dilutive capital within 48 hours
  • Baytonia — Baytonia is an E-commerce marketplace that is dedicated to customer happiness and consistently provides exceptional value in the form of distinctive and high-quality homeware collections.
  • Dastgyr Technologies — Making trade and capital seamless and reliable
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Derayah Venture Capital
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 3 investments in Saudi Arabia Financial Services startups

Derayah Venture Capital is a Venture Capital Fund That Invests in High Growth Startups across the MENA region.

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Investment focus

  • Industry: Predictive Analytics, Financial Services, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: Saudi Arabia, United Arab Emirates

Investor stats

  • Total investments: 7
  • Round size: Seed $1.6M–$5M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Eat App — Powerful restaurant reservation and guest management system. Flexible enough to use at both small and large restaurants. Sign up today. It's free!
  • Dawul — Dawul is a platform that allows investors to share details of the financial status of their portfolios with other investors.
  • Sanad Cash — faster reconciliation and books closing
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Saudi Venture Capital Company
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 3 investments in Saudi Arabia Financial Services startups

SVC has backed 31 VC and PE Funds and 5 Angel Groups that supported 525 Startups and SMEs via $1.6 Billion AUM INVESTMENTS 1.

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Investment focus

  • Industry: E-Commerce, Predictive Analytics, Software
  • Stage:Seed, Series A, Series B
  • Geography: Saudi Arabia, Germany, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $427k–$4M; Series A $1.1M–$9M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • BARQ — BARQ is the first bullet delivery PaaS in the middle east, leading the e-commerce industry to achieve a 30 min. delivery time.
  • BALLURH — A SaaS platform that provides predictive analytics with smart recommendations for Retailers to enhance decision-making, increase revenue and improve customer satisfaction.
  • Lawazem | لوازم — It is the first B2B marketplace that is especially made to solve that problem. Lawazem consolidates all your operational purchases and spending in one place, whether it is groceries, stationary, cleaning materials, office accessories, or else.We go beyond to make your work environment even better, by providing gift and flower deliveries to youremployees and clients, arrange for internal events, and prepare for your guest and internal meetings through our hospitality partners.Finally, we even help in becoming your concierge for your international purchases, online purchases that require Credit Cards, and help you improve your sourcing process.Lawazem is here to help you anytime and every time.
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Business Innovation Mine (BIM)
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 3 investments in Saudi Arabia Financial Services startups

We build successful and sustainable enterprises from the ground up by capitalizing on our expertise, resources and network.We carefully select, validate and launch bold ideas that are then turned into full-fledged spun-off businesses. While every successful venture is different, there is one thing, that connects all of them – right timing.Timeis the key and the most important resource for every enterprise. That’s why we designed our own venture building process that allows fast delivery. We use our own expertise and vast network of resources to create business plans, develop the products, launch them on the market, and grow them. - Generate our own VenturesWe build startups that solve problems through an inhouse continuous, dynamic and selective ideation process. We secure financing to make sure our ventures can grow without barriers.- Build Ventures With PartnersWith our robust ecosystem we partner up with external entrepreneurs and other companies that have amazing ideas we can help them develop into successful and sustainable businesses.

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Investment focus

  • Industry: Apps, Mobile Apps, Industrial Automation
  • Stage:Seed, Pre-Seed
  • Geography: Saudi Arabia

Investor stats

  • Total investments: 7
  • Round size: Seed $853k–$1.8M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Tygo — Tygo is the telecommunications services and marketing platform.
  • Conix.ai — CONIX.AI is an AI platform (SaaS) created to offer fully complete solutions for the architectural designing of residential and commercial properties. The cloud-based SaaS platform is accessible from anywhere worldwide and can provide detailed 2D plans, 3D plans, Facades, working drawings (electricity & water), utility data, sustainabilityadvice and more for construction planning.By accessing CONIX.AI, real estate companies will have at their fingertips in few minutes different iterations of architectural designs for their new construction projects previously impossible to attain without significant investments into architectural firms and wouldn't be delivered in less than 4-6 weeks. This level of visualisation will allow companies a time-conscious suite of tools that can allow them to build faster, build smarter, build greener!https://youtu.be/bskgguh3U-A
  • AtarCloud — AtarCloud is a mobile app featuring financial management, leasing, service management, HOA and user management, and marketing. In addition to providing a multi-platform, multi-interface system, the company assists all stakeholders in an intuitive manner by providing a multi-platform, multi-interface system that caters to the needs of allstakeholders involved in the property sector.
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Saudi Aramco Entrepreneurship Ventures
VC Fund · Dhahran, Ash Sharqiyah, Saudi Arabia · 3 investments in Saudi Arabia Financial Services startups

Wa’ed Ventures is the venture capital arm of Saudi Aramco Entrepreneurship Center (Wa’ed), established by Saudi Aramco with the vision of igniting the spirit of entrepreneurship in the Kingdom of Saudi Arabia. Wa’ed has deployed a suite of programs over the years to assist entrepreneurs in establishing, enhancing, or expanding their ventures. Theseprograms comprise development and financial support including business incubation, coaching and training to guide and nurture entrepreneurs along different business stages, seed funding, non-collateral loans, venture capital (equity/debt) investment, and business development. These programs support the development of small- and medium-sized enterprises (SMEs) capable of localizing industries and diversifying the Kingdom’s economy. Wa’ed also collaborates and engages with key players in order to create an effective entrepreneurship ecosystem.Wa’ed aspires to provide leadership in promoting entrepreneurship to support economic growth, diversification, and social development in Saudi Arabia, in alignment with the Kingdom’s strategic thrust into moving towards a knowledge-based economy. The organization aims to turn innovative ideas into successful projects, create and support sustainable SMEs, and develop entrepreneurs into successful business owners.Wa’ed Ventures aims to fuel the growth of high potential companies, thereby promoting economic development in Saudi Arabia with job creation for Saudi nationals, technological improvement, knowledge transfer, economic diversification, and economic growth within the Kingdom. The firm focuses on seed, early, and growth-stage businesses across a diverse range of sectors including information and communication technology (ICT), energy, manufacturing, healthcare, and services – from mobile application platforms and technologies to industrial equipment manufacturing to advanced software solutions.

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Investment focus

  • Industry: Information Technology, Software, Intelligent Systems
  • Stage:Series A, Seed
  • Geography: Saudi Arabia, India, Luxembourg

Investor stats

  • Total investments: 43
  • Round size: Seed $507k–$3.5M; Series A $900k–$13M
  • Lead/follow: 84% lead, 16% follow

Portfolio highlights

  • ELEVATUS — Hire the world's best talent with our award-winning recruitment software, Elevatus. Recruit a talented workforce that will help your company succeed and grow.
  • OQ TECHNOLOGY — OQ Technology's Satellite 5G IoT - The world's first global satellite 5G operator, that can collect data from more than 1000 sensors, and so providing cellular coverage for assets and machines anywherer in the world.
  • MANAFA Capital — MANAFA is an online marketplace for investing equity into innovative, early-stage companies. It provides sophisticated investors free access to direct investment opportunities, diligence tools and industry data insights for an asset class that was previously very difficult to access. For entrepreneurs, MANAFA offers an efficient way to access anetwork of sophisticated investors as well as leading partners.
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Shorooq Partners
VC Fund · Abu Dhabi, Abu Dhabi, United Arab Emirates · 3 investments in Saudi Arabia Financial Services startups, 12 in the past 12 months

Shorooq Partners is the leading tech investor in the region, inspired by the best entrepreneurs, investors and practices from around the world.

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Investment focus

  • Industry: Financial Services, E-Commerce, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Arab Emirates, Pakistan, United States

Investor stats

  • Total investments: 112
  • Round size: Seed $200k–$4.5M; Pre-Seed $3M–$4.5M; Series A $2M–$23M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Dtonic — Efficient Spatio-Temporal Big Data Processing across Smart-X Industries
  • The Food Lab — The Food Lab is a cloud kitchen platform but describes itself as an infrastructure company for restaurants in Egypt — about 400,000 in number — in the food & beverage (F&B) space. The company provides a full suite of end-to-end services, including cloud kitchen (kitchen as a service) and procurement.
  • Retailo Technologies — Retailo is an online regional B2B marketplace platform that serves small and medium-sized retail businesses, including kiryana and baqala stores, in the MENAP region. We are using technology to digitize and streamline the retail sector to make it more efficient.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
HALA Ventures
VC Fund · Khobar, Ash Sharqiyah, Saudi Arabia · 3 investments in Saudi Arabia Financial Services startups

Technology VC that empowers GCC’s startups in their early-growth stages.

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Investment focus

  • Industry: FinTech, Software, Predictive Analytics
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Arab Emirates, Saudi Arabia, Egypt

Investor stats

  • Total investments: 25
  • Round size: Seed $284k–$5.6M; Pre-Seed $550k–$730k; Series A $500k–$9M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Torod — Torod is an API aggregator that enables E-store owners to select the best shipper based on price, insurance, destination, and item value, with a single click set-up.
  • Kaso — Elkaso is the leading Order and Procurement Management Tool for Restaurants and Suppliers in the Middle East.
  • El-Dokan — El-Dokan is the first enterprise eCommerce software designed for large and growing retail stores in MENA to help them optimize their operations and improve their sales conversion.
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SEEDRA Ventures
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 3 investments in Saudi Arabia Financial Services startups

SEEDRA Ventures invests in companies from the very first stages of inception to Series-A and beyond, providing financing and hands-on development support.

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Investment focus

  • Industry: Predictive Analytics, FinTech, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Saudi Arabia, Egypt, United States

Investor stats

  • Total investments: 19
  • Round size: Seed $1.3M–$5.6M; Series A $1.3M–$8M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Kaso — Elkaso is the leading Order and Procurement Management Tool for Restaurants and Suppliers in the Middle East.
  • Gameball — Gameball is a one-stop platform to market your products and keep your customers engaged, leading to boosted conversion and increased RoI with a data-driven success strategy.
  • Agel — Agel aim at reshaping the traditional financial services business model, operational model and customer experience to unlock a unique finance avenue for (“MSMEs”), with a core preposition of availing industry-agnostic merchandise credit limit for Merchants within Agel network in a manner that is Digital, Cashless and Sharia compliant, aligning withthe UN Global (“SDG”) goals, and Egypt’s 2030 plan towards financial inclusion and sustainability.our goals are: - Empowering MSMEs growth, - Accelerating Financial Inclusion, - Eradicating Informal Economy, - Raising Financial literacy
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Oqal
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 2 investments in Saudi Arabia Financial Services startups

A group of young entrepreneurs to connect young people with ideas.

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Investment focus

  • Industry: E-Commerce, Information Technology, Marketplace
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Saudi Arabia, United Arab Emirates, Egypt

Investor stats

  • Total investments: 31
  • Round size: Seed $80k–$1.8M; Pre-Seed $340k–$1.1M; Series A $133k–$1.1M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • AlGooru — AlGooru is a tutoring network marketplace that connects students with qualified tutors on a mobile app. Our mobile app uberizes the tutoring market. Students can find reliable tutors, and tutors can manage their sessions/price their own rates.
  • Letswork — Work, meet and connect from the best coworking spaces, cafes and hotels across the UAE and Bahrain. Buy a membership, book meeting rooms or rent an office via the Letswork app.
  • Otida — Otida is an app that acts as a nutritionist, a fitness coach and physician, among other roles, for patients with diabetes who struggle while navigating through their day-to-day lives.
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500 Falcons
VC Fund · San Francisco, California, United States · 2 investments in Saudi Arabia Financial Services startups

500 Falcons is the MENA-focused fund that is a part of the global 500 Startups network. 500 Startups is the most active global early-stage VC fund and startup accelerator focusing on discovering and backing the most talented founders worldwide.

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Investment focus

  • Industry: FinTech, Finance, Internet
  • Stage:Pre-Seed, Seed
  • Geography: Saudi Arabia, United States

Investor stats

  • Total investments: 3
  • Round size: Pre-Seed $425k–$1.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • AlgoPay — AlgoPay is the payment bridge between companies and their consumers in cash economies.
  • Tamawal — Tamawal® is an innovative fintech platform that works as an aggregator for the financial sector to link finance requesters with banks and financial institutions as a Digital Financing Broker (DFB).
  • Syarah — Syarah is an online cars marketplaces.
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Merak Capital
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 2 investments in Saudi Arabia Financial Services startups

Merak Capital is a licensed company by the CMA to manage private investment funds, investor portfolios, and advise on financial securities, under the license number 18194-32, with a specialized focus on technology investments. Investments are done across different asset classes, with a primary focus on equities. In the private equity class, as wellas venture capital, the main regions of operation are KSA and MENA. In public equities, investments operate on global stock exchanges.At Merak Capital we focus on technology as the main driver for growth across the globe, and specifically in Saudi Arabia and the MENA region. We build our internal teams around technological research and understanding, staying at the forefront of breakthrough software and hardware, and finding investment opportunities that are aligned with adoption cycles from different sectors. Nowadays, most businesses and sectors are becoming digitized to stay relevant and compete with new entrants. Technological integration shifted from a luxury and a competitive advantage to a must-have for businesses and governments alike. Merak Capital is positioned to lead investments in this transition as well as unlock new markets and venues for growth, enabled by technological innovation and the entrepreneurial spirit.

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Investment focus

  • Industry: E-Commerce, Financial Services, Software
  • Stage:Seed, Series A, Private Equity
  • Geography: Saudi Arabia, United States

Investor stats

  • Total investments: 5
  • Round size: Seed $1.3M–$3M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Lawazem | لوازم — It is the first B2B marketplace that is especially made to solve that problem. Lawazem consolidates all your operational purchases and spending in one place, whether it is groceries, stationary, cleaning materials, office accessories, or else.We go beyond to make your work environment even better, by providing gift and flower deliveries to youremployees and clients, arrange for internal events, and prepare for your guest and internal meetings through our hospitality partners.Finally, we even help in becoming your concierge for your international purchases, online purchases that require Credit Cards, and help you improve your sourcing process.Lawazem is here to help you anytime and every time.
  • Convertedin — Convertedin is an ad automation platform for eCommerce businesses using AI. They help retailers unleash their full marketing potential with intelligent algorithms. Equip yourself to create crazy ad campaigns with 5X better ROI.
  • Arib — Arib is a FinTech and digital broker for personal loans.
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Nuwa Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 2 investments in Saudi Arabia Financial Services startups

A radical investment platform reshaping the relationship between founders and capital.

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Investment focus

  • Industry: E-Commerce, Financial Services, FinTech
  • Stage:Seed, Pre-Seed, Series B
  • Geography: United Arab Emirates, Egypt, Saudi Arabia

Investor stats

  • Total investments: 25
  • Round size: Seed $46k–$14M; Pre-Seed $1.2M–$4.5M; Series B $2.5M–$5M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Calo — Analyze your nutritional needs and subscribe to a convenient meal plan that's designed for you in under 2 minutes.
  • Bundle Kitchen — Bundle Kitchen App for Members Exclusive to the Campaign, Take Advantage of Benefits and Place an Order. Please submit.
  • Mascotte Health — Supercharge your practice with a strong operational team and state-of-the-art technology.
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BECO Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 2 investments in Saudi Arabia Financial Services startups

BECO Capital provides growth capital and hands-on operational support for early-stage technology companies. It is a technology-focused venture capital that supports entrepreneurs and financial sectors to raise funds.The company helps small companies with growth capital and hands-on operational mentorship in their early stage of development. Itwas founded in 2012 and is based in Dubai, United Arab Emirates.BECO Capital was founded on February 1, 2014, by Dany Farha and Amir Farha, and it is headquartered in Dubai.

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Investment focus

  • Industry: E-Commerce, Financial Services, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United Arab Emirates, United States, Egypt

Investor stats

  • Total investments: 86
  • Round size: Seed $800k–$6.4M; Series A $1M–$27M; Series B $5M–$60M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • MaxAB — The Region's Leading Retailer Super App At MaxAB, we change how the supply chain works through our B2B food & grocery e-commerce platform At MaxAB, we change how the supply chain works through our B2B food
  • Kemet Trading — Kemet Trading provides institutional-grade infrastructure for digital asset derivatives trading; optimizing access to liquidity, data, trade execution and post-trade workflows.
  • Pine Street Labs — A non-custodial API for managing wallets. Built for enterprises.
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Outliers Venture Capital
VC Fund · Menlo Park, California, United States · 2 investments in Saudi Arabia Financial Services startups

Backing outlier founders in MENA & the US at the earliest stages

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Investment focus

  • Industry: E-Commerce, Information Technology, Predictive Analytics
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Egypt, Saudi Arabia, United States

Investor stats

  • Total investments: 22
  • Round size: Series A $7M–$23M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Kenzz — Kenzz is an e-commerce platform bringing shopping to the mass market in Egypt and MENA.
  • FlapKap — FlapKap is a company revolutionizing e-commerce and SaaS growth in the MEA region.
  • Amwal Tech — The fastest and most secure way to accept payments online
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Wealth Well
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 2 investments in Saudi Arabia Financial Services startups

Wealth Well is an investment and wealth management firm that manages assets across real estate, private equity, and venture capital. The Riyadh, Riyadh-based firm was founded in 2015.

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Investment focus

  • Industry: FinTech, Financial Services, Predictive Analytics
  • Stage:Seed
  • Geography: Saudi Arabia, United Arab Emirates

Investor stats

  • Total investments: 3
  • Round size: Seed $1.7M–$5.6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tamara — Tamara is a fintech startup that offers a buy now, pay later platform that enables customers to pay on an installment basis, helping merchants to grow their sales. It specializes in the fields of financial services, fintech, and mobile apps.In 2020, Abdulmajeed Alsukhan, Turki Bin Zarah, and Abdulmohsen Albabtain co-established the company inRiyadh, Ar Riyad, Saudi Arabia.
  • RemotePass — RemotePass makes it easy to hire, onboard & pay your global team in full compliance, giving you everything you need to support them
  • Mala'a Technologies — Make better financial decisions with Malaa. Manage your financials, track your expenses, take a loan or invest your money all from one app. Connect you bank accounts and start today
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Mad'a Investment Company
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 2 investments in Saudi Arabia Financial Services startups

Mad’a Investment Company is a Private Equity firm headquartered in Riyadh, Saudi Arabia and a wholly owned subsidiary of Abdul Aziz Al Othaim & Sons Holding Company (ASO&SONS). We aim to assist businesses to reach their true potential by unlocking values which otherwise could not have been realized. We strive to create exceptional value tobusinesses through our team of investment and operating professionals working collaboratively with the management of our portfolio companies. We, as a Saudi Company, are committed to contributing to the Kingdom of Saudi Arabia and our Investment Strategy is aligned with the Vision 2030.

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Investment focus

  • Industry: FinTech, Financial Services, E-Commerce
  • Stage:Seed, Pre-Seed
  • Geography: United Arab Emirates, Saudi Arabia, Kuwait

Investor stats

  • Total investments: 15
  • Round size: Seed $1.6M–$13M
  • Lead/follow: 73% lead, 27% follow

Portfolio highlights

  • Teeela — Teeela is the GCC’s fastest growing and most innovative gifting platform, built to provide families with the easiest, quickest and most personalized gifting and toy buying experience
  • RedBox — Don't wait for drivers to deliver your packages! Instead, use RedBox lockers to ship your packages and collect them at your convenient time. No human contact!
  • SmartCrowd — Smart Crowd is a real estate investment platform that provides you an opportunity to access the UAE real estate market with low minimum investment amount from a simple online portal.Smart Crowd’s innovative approach enables investors to treat their investment properties more like stock portfolios, focusing on asset allocation rather than dealingwith the hassles of researching and buying vacant properties that need to be leased and managed. This creates significant time and cost savings. By allowing low minimum investment you diversify your properties, allowing you to build a well-diversified investment property portfolio without taking on too much leverage and risk.
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STV
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 2 investments in Saudi Arabia Financial Services startups

STV is a $500M technology venture capital fund headquartered in Riyadh, Saudi Arabia

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Investment focus

  • Industry: E-Commerce, Predictive Analytics, Financial Services
  • Stage:Series A, Seed, Series B
  • Geography: Saudi Arabia, United Arab Emirates, United States

Investor stats

  • Total investments: 43
  • Round size: Seed $2.1M–$14M; Series A $4M–$30M; Series B $20M–$50M
  • Lead/follow: 66% lead, 34% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • qlub — Qlub is the fastest, most secure form of digital menu & contactless payment for customers at restaurants, clubs & lounges.
  • Tabby — With Tabby, you can split your purchases into 4 interest-free payments at your favourite stores. Download the Tabby app to get started.
  • Floward — Send fresh flowers and a variety of gifts online with Floward. Browse through our numerous products and get same-day flowers delivery
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Nama Ventures
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 2 investments in Saudi Arabia Financial Services startups

Nama Ventures is a seed stage venture capital fund focused on fueling innovation in the MENA region, particularly in Saudi Arabia. ama Ventures is built upon the fundamental idea of enabling entrepreneurs to succeed. And as founders of Nama, we are thrilled to finally have the platform to implement this idea. Our hope is that entrepreneurs willingto partner with us will see and feel our value-add approach to investing.

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Investment focus

  • Industry: E-Commerce, Information Technology, Marketplace
  • Stage:Pre-Seed, Seed
  • Geography: Saudi Arabia, Egypt, United Arab Emirates

Investor stats

  • Total investments: 33
  • Round size: Seed $1M–$14M; Pre-Seed $100k–$2.4M
  • Lead/follow: 70% lead, 30% follow

Portfolio highlights

  • Cargoz — Cargoz is a logistics startup that connects SMEs looking for warehousing space with warehousing companies who has extra capacity, like Airbnb but for commercial warehousing & storage.
  • Muqbis — As the word Muqbis means, our main job is to connect talented hands and home based businesses to their targeted customers and support them to grow their businesses hassle free. On the other hand Muqbis opens a wide market to support customers find “the made with love home products and services” they look for and compare varieties, prices and findnearby providers. In Muqbis we believe that world is changing, life patterns are changing and for sure work styles are changing and we are here for it.
  • ​Messenger — Messenger is a one-stop logistics platform that finances and aggregates end-to-end logistics and supply chain operations in order to assist businesses and logistics asset owners in achieving an efficient supply chain framework.
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Global Ventures
VC Fund · Dubai, Dubai, United Arab Emirates · 2 investments in Saudi Arabia Financial Services startups

We back global-minded, growth-stage and technology-focused founders in emerging markets and the world.

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Investment focus

  • Industry: Health Care, FinTech, Financial Services
  • Stage:Series A, Seed, Series B
  • Geography: United Arab Emirates, Egypt, United States

Investor stats

  • Total investments: 78
  • Round size: Seed $870k–$13M; Series A $2M–$34M; Series B $8M–$60M
  • Lead/follow: 62% lead, 38% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Hakbah — Hakbah is a Fintech startup focusing on an alternative financial saving. Hakbah is modernizing financial saving via its intelligent platform by offering a comprehensive one-stop-shop solution for Savings Groups to initiate, manage, join, and pay directly within the mobile app.
  • Yodawy — Yodawy is an online pharmacy and insurtech startup that allows customers to order pharmaceuticals and cosmetics via a mobile app and have those delivered through a network of 500+ pharmacies across Egypt. Insurance and copayment benefits are automatically applied with four major insurance carriers onboarded thus far and more in the pipeline.
  • Helium Health — Helium Health empowers healthcare providers in Africa with digital tools, financing solutions, and data partnerships. Learn more about our innovative solutions.
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Arzan Venture Capital
VC Fund · Kuwait, Al Kuwayt, Kuwait · 2 investments in Saudi Arabia Financial Services startups

Arzan Venture Capital (Arzan VC) is a Kuwait-born VC firm that has been investing in startups with a MENA angle since 2014, making it one of the earliest VC firms in the region. Arzan VC's portfolio includes 30+ startups. The firm invests in young, fast-growing and innovative tech teams and it remains committed to building long-lastingrelationships with the region’s most talented entrepreneurs at an early stage.

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Investment focus

  • Industry: Software, E-Commerce, SaaS
  • Stage:Seed, Series A, Series B
  • Geography: United Arab Emirates, Egypt, Saudi Arabia

Investor stats

  • Total investments: 32
  • Round size: Seed $600k–$3.5M; Series A $3.5M–$6.9M; Series B $4.6M–$50M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Zid زد — Zid is an e-commerce in a box - solution that any retailer can use to start their eRetail. Zid helps them to build their own eStores (with their own name and identity) and integrates them with the supply chain players to enable them to manage and with ease. The company aims to enable the retail sector to enter the world of electronic retail in aneasy and professional.Zid was founded in 2017 and based in Riyadh, Ar Riyad, Saudi Arabia.
  • Gameball — Gameball is a one-stop platform to market your products and keep your customers engaged, leading to boosted conversion and increased RoI with a data-driven success strategy.
  • Money Fellows — MoneyFellows digitizes the ROSCA model, enabling group lending and savings.
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Yazeed Al-Rajhi and Brothers Holding Company
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Saudi Arabia Financial Services startups

Yazeed Al-Rajhi and Brothers Holding Company invests mainly in the food and beverage sector with more focus on restaurants.

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Investment focus

  • Industry: Banking, FinTech, Lending
  • Stage:Series A
  • Geography: Saudi Arabia

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Forus Financial — Invest in Debt and Alternative Assets.
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RZM Investments
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Saudi Arabia Financial Services startups

RZM Investments manages the shares of various companies that are in the field of health, education, hospitality, and tourism.

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Investment focus

  • Industry: EdTech, Education, Communities
  • Stage:Seed
  • Geography: Saudi Arabia

Investor stats

  • Total investments: 3
  • Round size: Seed $1.8M–$2.3M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Bonat — Bonat is a customer engagement solution that provides advanced tools to help in managing businesses.
  • Wadaie — Wadaie is a fintech startup helps customers to earn returns on Shariah-compliant time deposits without opening new accounts at other banks.
  • AlGooru — AlGooru is a tutoring network marketplace that connects students with qualified tutors on a mobile app. Our mobile app uberizes the tutoring market. Students can find reliable tutors, and tutors can manage their sessions/price their own rates.
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MRK
VC Fund · Dammam, Ash Sharqiyah, Saudi Arabia · 1 investments in Saudi Arabia Financial Services startups

About Us Alkhathlan Holding Co. is the brainchild of Mr. Mohammed Rashid Alkhathlan, a pioneer with a vision to inculcate unparalleled value for clients in every part of his business portfolio. His vision of the company still lives strong in every employee and has led to Alkhathlan Holding Co. becoming

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Investment focus

  • Industry: Finance, Financial Services
  • Stage:Pre-Seed
  • Geography: Saudi Arabia

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Tamawal — Tamawal® is an innovative fintech platform that works as an aggregator for the financial sector to link finance requesters with banks and financial institutions as a Digital Financing Broker (DFB).
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Wallan Group
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Saudi Arabia Financial Services startups

Wallan Group provides quality products and services across diversified industries portfolio.

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Investment focus

  • Industry: Payments, Real Estate, Financial Services
  • Stage:Seed, Pre-Seed
  • Geography: Saudi Arabia

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • EdfaPay — Edfapay is a fintech enterprise that provides smart & efficient payment solutions, That save money, time & effort using soft pos technology.
  • Deal App — Deal App operates as an real estate app. Deal App designs an intricate digital solution by adopting the 'request-oriented business model', in which property seekers submit their requests through the app to receive appropriate offers directly from the active agents in the neighborhoods they are targeting.
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Saudi Venture Capital
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Saudi Arabia Financial Services startups

SVCIC is uniquely positioned to lead the development of the nascent venture capitalindustry in Saudi Arabia by providing unmatched levels of support for fundamentally strong small-to-medium enterprises (SMEs) that lack the necessary resources for growth and expansion.

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Investment focus

  • Industry: E-Commerce, Internet, Predictive Analytics
  • Stage:Seed, Series A, Series B
  • Geography: Saudi Arabia, Tunisia

Investor stats

  • Total investments: 7
  • Round size: Seed $300k–$300k
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Pi Flow — Pi Flow operates as an accounting services provider. Pi Flow is a dedicated Virtual accounting team that offers bookkeeping services and strives to enhance the quality of our client's books.
  • DokkanAfkar — DokkanAfkar.com was created by a group of passionate guys who love and appreciate creativity, design and ideas. It was created to enable customers to buy cool unique products with ideas that are fun, unusual and unique. Our products have a focus on fun, uniqueness, defiantly clever, and entertaining products.
  • Nana — Nana is an online grocery platform that provides doorstep deliveries of groceries and other home essentials. The company's platform offers a wide assortment of groceries, fruits, and vegetables, cosmetics, electronics, bakery items, and flowers that enables consumers to purchase products online and get them delivered to their homes.Nana wasestablished in 2016 and is headquartered in Riyadh, Ar Riyad, Saudi Arabia.
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Integrated Networks
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Saudi Arabia Financial Services startups

INTEGRATED NETWORKS CO. LTD. “INET” is a private organization founded in 2001 by a group of prominent Saudi investors, with an aim to provide unique blend of system integration using top-of-the-line products, revolutionary technology and proven expertise & experience.Authorized service provider licensed by Saudi Arabian Monetary Agency forproviding Payment Solutions, including; Point-of-Sales connectivity & management, ecommerce and Loyalty Solutions.Authorized Service Provider licensed by Communication and Information Technology Commission for providing Internet Services as well as network operation services.

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Investment focus

  • Industry: FinTech, Mobile, Internet
  • Stage:Seed, Series A
  • Geography: United Arab Emirates, Saudi Arabia

Investor stats

  • Total investments: 6
  • Round size: Seed $1M–$2.3M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Enhance Ventures — Enhance is already live in 7 countries and can rapidly develop vertical marketplaces across Middle East, North Africa, Pakistan and Turkey with a higher chance of success.
  • Magnitt — Magnitt is a startup directory that connects investors, mentors, and emerging companies in the Middle East. The discovery platform is a database with over 5,500 MENA startups and over 200 investors.
  • Joi Gifts — Joi Gifts is the best online gift shop for any occasion. Send flowers, cakes, and more with same-day delivery in KSA, UAE, Jordan, Egypt and Middle East.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Elm
VC Fund · 1 investments in Saudi Arabia Financial Services startups

Investment focus

  • Industry: E-Commerce, Internet, SMS
  • Stage:Series A, Seed, Series B
  • Geography: Saudi Arabia

Investor stats

  • Total investments: 5
  • Round size: Series A $2.3M–$4M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Zid زد — Zid is an e-commerce in a box - solution that any retailer can use to start their eRetail. Zid helps them to build their own eStores (with their own name and identity) and integrates them with the supply chain players to enable them to manage and with ease. The company aims to enable the retail sector to enter the world of electronic retail in aneasy and professional.Zid was founded in 2017 and based in Riyadh, Ar Riyad, Saudi Arabia.
  • Cura — Cura Healthcare is a Saudi leading telehealth provider that provides digital health and telemedicine software and services. The company has developed state-of-the-art technologies to empower health communications, changing the way patients and doctors interact, diagnose, prescribe, give second opinions, manage chronic diseases, and provide primaryhealth care and well-being therapy sessions. For more information: https://cura.healthcare/en/
  • Syarah — Syarah is an online cars marketplaces.
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Wamda Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Saudi Arabia Financial Services startups

Wamda Capital is the MENA region's leading venture capital firm investing in exceptional entrepreneurs building the region's most promising high growth technology businesses. We invest both at the growth and seed stages with the aim of taking portfolio companies through successive rounds of financing through to exit.

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Investment focus

  • Industry: E-Commerce, Internet, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United Arab Emirates, Jordan, Turkey

Investor stats

  • Total investments: 100
  • Round size: Seed $500k–$3M; Series A $2M–$6.5M; Series B $3.5M–$47M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • BitOasis — BitOasis is MENA's leading platform that allows you to securely buy, sell and trade crypto assets like Bitcoin, Ether, XRP and Bitcoin Cash at the best rates. Currently available in UAE, KSA, Bahrain, Kuwait, Oman, Jordan, Egypt and Morocco.
  • Believe — Believe Pte Ltd. is a global, Singapore-based FMCG conglomerate that provides market-ready solutions for customers by listening to their needs and designing products that suit their culture and life choices. From breakthrough personal care essentials to beauty products surpassing global standards, our worldwide team of experts use cutting-edgetechnology, scientifically proven methodologies and ancient knowledge to gift our customers
  • Wafeq وافق — Send invoices or purchase orders, manage your inventory and your payroll, and get over 30 reports to manage your company, all in one software.
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Riyad Bank
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Saudi Arabia Financial Services startups

Riyad Bank SJSC is a Saudi Arabia-based bank that provides banking and investment services. The Bank offers its services through four segments: the Retail segment covers deposit, credit and investment products for individuals and small to medium sized businesses; the Investment banking and brokerage segment provides investment management servicesand asset management activities related to dealing, managing, arranging, advising and custody of securities; the Corporate segment handles corporate customers’ current accounts and deposits, and provides loans, overdrafts and other credit facilities and derivative, the Treasury and Investments segment provides money market trading and treasury services, as well as the management of the Bank’s investment portfolios. The Bank also provides Islamic banking products to its customers.

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Investment focus

  • Industry: Banking, FinTech, Lending
  • Stage:Series A
  • Geography: Saudi Arabia

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Forus Financial — Invest in Debt and Alternative Assets.
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MetLife Foundation
VC Fund · Mexico City, Distrito Federal, Mexico · 1 investments in Saudi Arabia Financial Services startups

MetLife Foundation is committed to expanding opportunities for low- and moderate-income people around the world.MetLife Foundation partner with nonprofit organizations and social enterprises to create financial health solutions and build stronger communities, while engaging MetLife employee volunteers to help drive impact.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Grant, Pre-Seed
  • Geography: United Arab Emirates, Mexico, Turkey

Investor stats

  • Total investments: 20
  • Round size: Grant $10k–$20k
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Chari — Chari is an e-commerce and fintech app for traditional retailers in French-Speaking Africa allowing them to order any consumer goods they sell and get delivered for free in less than 24 hours. Chari is also a financial services provider for these retailers, offering them microloans
  • Ecomm-App — Ecomm-App is an online platform that helps online merchants to manage their inventory in real-time and invoice in seconds.
  • Fellow Pay — The faster, easier and fairer way to get your invoices paid and speed up your payment cycle. For B2B SMEs with long payment cycles across all industries.
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Al Yusr
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Saudi Arabia Financial Services startups

Al Yusr provides financing services. Al Yusr invests in developing human resources to maintain its position high on the list of the financing companies.

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Investment focus

  • Industry: FinTech, Peer to Peer
  • Stage:Seed
  • Geography: Saudi Arabia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Raqamyah Platform — Raqamyah is a regulated peer to peer (P2P) financing platform by Saudi Arabian Monetary Authority (SAMA). As a Fintech company, Raqamyah uses innovative technology to directly connect small businesses seeking fast, affordable finance with financers who can help fund their growth.
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Breyer Capital
VC Fund · Menlo Park, California, United States · 1 investments in Saudi Arabia Financial Services startups, 9 in the past 12 months

Breyer Capital is an independent global venture capital and private equity investor. Founded by Jim Breyer in 2006, we make long-term, idea-driven investments.

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Investment focus

  • Industry: Health Care, Software, Financial Services
  • Stage:Series A, Series B, Seed
  • Geography: United States, United Kingdom, Kenya

Investor stats

  • Total investments: 148
  • Round size: Seed $2.4M–$20M; Series A $9.6M–$34M; Series B $20M–$75M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Nimble Robotics — Nimble builds AI-powered robots that pick and pack anything to enable the fastest, most affordable, and most sustainable on-demand order fulfillment.
  • ArteraAI — Discover the power of Personalized Precision Medicine & AI Cancer Therapy with ArteraAI. Transforming cancer therapy through innovation.
  • Forme Financial — Forme Financial is a platform that offers estate planning, debt management, insurance planning, and investment management services.
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Human Capital
VC Fund · San Francisco, California, United States · 1 investments in Saudi Arabia Financial Services startups, 14 in the past 12 months

We believe ambitious builders turn great ideas into great companies. We invest in founders, teams, and startups that share this mindset.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Series A, Seed, Series B
  • Geography: United States, Brazil, France

Investor stats

  • Total investments: 120
  • Round size: Seed $1.5M–$7.5M; Series A $7.2M–$50M; Series B $23M–$72M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Induced AI — Induced AI works to automate browser tasks. It runs a cloud to complete manual tasks on a browser with human-like reasoning capabilities.
  • Sparx — Sparx is a comprehensive cost-containment platform for all companies, startups to enterprises.
  • Vivante Health — We're Vivante Health, offering digital all-in-one digestive care solutions delivered by your employer or health plan.
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Palm Ventures
VC Fund · Greenwich, Connecticut, United States · 1 investments in Saudi Arabia Financial Services startups

Positive Transformation Through Creative Disruption View our Investments

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Investment focus

  • Industry: FinTech, Software, SaaS
  • Stage:Seed, Angel
  • Geography: United States, Australia, Saudi Arabia

Investor stats

  • Total investments: 6
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Nearpay — Focus On Building Deep Technology To Create Innovations
  • Unhedged — Unhedged is a super simple app that allows anyone to invest, without having to choose stocks. Get a demo account completely free.
  • NIFTY Souq — The first and largest NFT marketplace in MENA
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Jameel Investment Management Company
VC Fund · St. Helier, NA - Jersey, Jersey · 1 investments in Saudi Arabia Financial Services startups

Jameel Investment Management Company is an investment firm.

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Investment focus

  • Industry: Financial Services, Software, Finance
  • Stage:Seed, Series B, Series A
  • Geography: Egypt, Saudi Arabia, United States

Investor stats

  • Total investments: 11
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Lean Technologies — Lean provides the Data and Payments tools to empower MENA's next generation of financial products | Trusted by Etisalat, Hubpay, Lulu Finance, Binance, Sarwa and more.
  • Thndr — Thndr is a financial services company that operates an app-based investment platform.It comes with 0% commission, no account minimum, access to market data, easy account setup, and funding processes. Users can also get access to the latest news, market data, and other educational tools. Seif Amr established the company in 2020 in Cairo, AlQahirah, Egypt.
  • Ollang — Ollang provides cutting-edge AI dubbing, accurate subtitle translations, and closed captions services to enhance your multimedia content. Experience superior quality dubbing that brings your videos to life. Explore our services today!
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Sukna Ventures
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Saudi Arabia Financial Services startups

Sukna ventures is a venture studio and fund based in Saudi Arabia.

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Investment focus

  • Industry: Information Technology, Financial Services, SaaS
  • Stage:Seed, Series A
  • Geography: Saudi Arabia, United Arab Emirates, United States

Investor stats

  • Total investments: 7
  • Round size: Seed $100k–$5M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Dawul — Dawul is a platform that allows investors to share details of the financial status of their portfolios with other investors.
  • Mozn — Confidently screen customers, monitor transactions and assess risk with powerful AI and seamless automation.
  • Marn.io — Marn is an hourly work solutions platform connecting Saudi businesses with thousands of Saudi job seekers in Retail, hospitality, F&B, and Hajj industries. As one of the first Saudi on-demand hourly staffing platform, Marn has had the trust of hundreds of well-known brands and hundred thousands of job seekers. Marn enables businesses to hirehourly staff to manage customers during peak hours and high seasons. All employees are fully vetted through interviews and tests that are prerequisites for joining the platform. Brands using Marn for recruiting save time and effort by letting our technology manage interviews, training, placement, shift scheduling, worker payments, performance reports, and task evaluation. Marn offers other services such as mystery shopper for hotels and retail, and sports events management.Learn more at Marn.io
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PreAngel
VC Fund · Beijing, Beijing, China · 1 investments in Saudi Arabia Financial Services startups

PreAngel is a 30M RMB investment fund focused on early stage internet startups. Investment on each project range from 100K to 1M RMB. In addition to investment, PreAngel plays a key role as "co-founder", providing guidance in startup operation, business model refinement and industry resources.

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Investment focus

  • Industry: Internet, Software, Blockchain
  • Stage:Angel, Seed, Series A
  • Geography: China, United States, Switzerland

Investor stats

  • Total investments: 104
  • Round size: Seed $124k–$2.4M; Angel $137k–$1.4M; Series A $412k–$10M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Ajuna Network — Ajuna Network is a decentralized ecosystem for gamers and creators.
  • X World Games — Founded in 2018, X World Games (“XWG”) aims to build the next-gen decentralized gaming metaverse.X World Games' vision is to build a diversified gaming ecosystem that connects traditional gamers with the blockchain world and invite more game developers into the crypto space by creating and providing the underlying blockchain framework.Withits gaming innovation, crypto game - Dream Card, NFT Marketplace and DeFi Pool, X World Games now serves over 2 million registered gamers, and has quickly become the fastest-growing crypto gaming platform in the ecosystem.X World Games is headquartered in Singapore with a 100+ dynamic team located worldwide.
  • Feiba Business Travel — Feiba Business Travel is a business trip ticket service platform
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Global Founders Capital
VC Fund · Berlin, Berlin, Germany · 1 investments in Saudi Arabia Financial Services startups, 36 in the past 12 months

Over the past two decades, GFC have backed over five hundred entrepreneurs worldwide, e.g. Facebook, LinkedIn, Slack, and Away Travel.

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Investment focus

  • Industry: Financial Services, Software, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 751
  • Round size: Seed $1.1M–$7.2M; Pre-Seed $725k–$5M; Series A $3.3M–$30M
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Kaso — Elkaso is the leading Order and Procurement Management Tool for Restaurants and Suppliers in the Middle East.
  • Momento — Momento is an insurtech company with the objective of revolutionizing the insurance industry in Latin America, starting with car insurance. We want to make insurance easy and accessible for the underserved population in LATAM.
  • Equilibrium Energy — Equilibrium Energy operates at the intersection of grid variability, market volatility, economic optimization, commercial structuring, trading, and risk management, across the end-to-end power value chain. Their ambition is to become a next-generation clean power company that reshapes the energy industry. They address inquiries through onlineapplications.
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WAED Ventures
VC Fund · Dhahran, Ash Sharqiyah, Saudi Arabia · 1 investments in Saudi Arabia Financial Services startups

Wa’ed Ventures is a $500 million venture capital fund with the aim to accelerate the development of an integrated startup ecosystem by investing in local tech-based startups and incentivizing global entrepreneurs to localize their tech innovations in the Kingdom.

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Investment focus

  • Industry: Apps, Coffee, Internet
  • Stage:Series B
  • Geography: Kuwait

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Mthmr — Mthmr makes saving seamless, by enabling rounding-up transactions, recurring and direct deposits, as well as cashback from our partner retailers, which is automatically added to your savings account. Mthmr offers its users with a powerful spend analysis tool to keep them on top of their financials, along with many more features.
  • COFE App — Coffee Ordering Fast & Efficient. Your very own online coffee marketplace!Home of your favourite coffee brands. Discover COFE App caters to all your coffee needs & essentials. It is designed to brew your coffee with top of the notch technological advancements. 1 2 3 1 COFE Nearby Select our Pick Up & Go, Get COFE ... Read more
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SVC
VC Fund · Zürich, Zurich, Switzerland · 1 investments in Saudi Arabia Financial Services startups

SVC - Ltd. for Risk Capital for SMEs provides Swiss SMEs and start-up businesses with venture capital of up to CHF 100 million. Innovative companies in various development phases are supplied with venture capital in the form of additional equity capital or as loans with profit participation. The focus is on the consolidation of Switzerland as acenter of employment and the creation or preservation of jobs. SVC - Ltd. for Risk Capital for SMEs is active throughout Switzerland.

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Investment focus

  • Industry: Medical, Biotechnology, Information Technology
  • Stage:Series A, Seed, Pre-Seed
  • Geography: Switzerland, Germany, Saudi Arabia

Investor stats

  • Total investments: 8
  • Round size: Seed $278k–$3M; Series A $2.8M–$5.9M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • Nezasa — Nezasa’s travel booking solution empowers travel brands globally to combine all planning and booking related actions into one seamless end-to-end experience.Our tools, enable to plan and book any type of multi-product or multi-stop itinerary.TripBuilder Hyper-personalised packaging Real-time planning and booking of personalised itinerariesPowerful, easy to use and very interactive Deep integration possibilities into existing fulfilment landscapes Enterprise-grade, proven with large TO customersTripBooster Hyper-personalised In-Destination Upselling The extension of TripBuilder’s power throughout the entire travel lifecycle The perfect travel companion Seamless purchasing of perfectly fitting additional products Smart upselling recommendation, available in both a push and pull mode
  • THEMAR — We Are Connecting Investors To SMEs For Easy Funding
  • Waggle — Waggle enables retail investors to participate in primary market investments and provides additional support for innovations.
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Terra VC
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Saudi Arabia Financial Services startups

An early-stage deeptech VC firm with focus on climate tech, life sciences, and next-gen computing.

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Investment focus

  • Industry: Internet, Software, Machine Learning
  • Stage:Series A
  • Geography: United Kingdom

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Hazy — Hazy is a UCL AI spin out backed by Microsoft and Nationwide. Our core product is synthetic data - data generated artificially using machine learning techniques, that retains the statistical properties of the real data and can be safely used for analytics and innovation without compromising customers privacy and confidential information. We do itby capturing patterns in the raw data to generate completely synthetic 'hazy' data that maintains the statistical value of the original. This means businesses can unlock their data for innovation freely with safer and faster data provisioning on demand and no compliance, security or privacy risks and procurement delays.
  • DESAISIV — DESAISIV, a MENA based InsurTech startup specialising in health insurance which is transforming health insurance for insurers and clients through exploiting their advanced AI solutions which were developed in collaboration with top machine learning scientists from the University of Oxford. DESAISIV’s philosophy is simply to put AI at the centre ofall decision making. This AI-driven approach guarantees that clients of Groups and SMEs will get optimized insurance policies tailored to their needs, also it will make sure that insurance companies will optimise their processes using the latest AI technologies. Benefitting from access to a vast database of hundreds of millions of patient records, DESAISIV has achieved an impressive average prediction accuracy of over 95%. Demonstrating their commitment to excellence, they have set an ambitious target to exceed 99% accuracy by the end of this year. Through their AI-driven products, DESAISIV streamlines various aspects of health insurance, including automating underwriting procedures, tailoring policy's benefits and coverage, improving quality of service by predicting developing diseases, identifying high-risk behaviours, and reducing customer attrition.
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Le Augure
VC Fund · Jeddah, Makkah, Saudi Arabia · 1 investments in Saudi Arabia Financial Services startups

Le Augure Holding Group is a privately owned, diversified investment group based in the Kingdom of Saudi Arabia (KSA) with investments in the Middle East, India, Europe and USA.

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Investment focus

  • Industry: FinTech, Predictive Analytics
  • Stage:Seed
  • Geography: Saudi Arabia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Mthmr — Mthmr makes saving seamless, by enabling rounding-up transactions, recurring and direct deposits, as well as cashback from our partner retailers, which is automatically added to your savings account. Mthmr offers its users with a powerful spend analysis tool to keep them on top of their financials, along with many more features.
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Redstone
VC Fund · Berlin, Berlin, Germany · 1 investments in Saudi Arabia Financial Services startups, 12 in the past 12 months

The Redstone team is an international and diverse group of serial entrepreneurs, investors, investment professionals, tech analysts and data scientists.

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Investment focus

  • Industry: Software, FinTech, E-Commerce
  • Stage:Series A, Seed
  • Geography: Germany, Switzerland, Finland

Investor stats

  • Total investments: 66
  • Round size: Seed $846k–$6.9M; Series A $1.1M–$11M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • nuwo — Workplace as-a-Service. nuwo is the #1 platform 
for financing, equipping 
and managing hybrid 
workspaces
  • Stylib — Material search that works. For architects by architects. Our Beta is now live!
  • Kraftblock — Kraftblock is a high-efficiency, high-temperature heat storage system designed to decarbonize power generation and industrial processes.
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OMQ Investments
VC Fund · 1 investments in Saudi Arabia Financial Services startups

OMQ Investments operates as an investment firm.

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Investment focus

  • Industry: FinTech, Information Services, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Saudi Arabia, United Arab Emirates

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Nqoodlet — NQOODLET is an electronic platform targeting SMEs to manage their expenses, purchases through the credit cards given to the employees.
  • Fintech Galaxy — A global platform that fuels open innovation in financial services, drives ecosystem collaboration and facilitates Open Banking API integration between...
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Dahran Trading Group
VC Fund · Dubai, Dubai, United Arab Emirates · 1 investments in Saudi Arabia Financial Services startups

Dahran Trading Group (DTG) A leading Group of Companies in KSA and UAE Get In Touch Welcome to Dahran trading group Where We Build Your Visions Dahran Trading Group is a diversified investment holding company ,It utilizes its resources to invest in sectors ranging contracting , Real Estate and maintenance to FMCG and Sports

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Investment focus

  • Industry: FinTech, Predictive Analytics
  • Stage:Seed
  • Geography: Saudi Arabia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Mthmr — Mthmr makes saving seamless, by enabling rounding-up transactions, recurring and direct deposits, as well as cashback from our partner retailers, which is automatically added to your savings account. Mthmr offers its users with a powerful spend analysis tool to keep them on top of their financials, along with many more features.
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RAI group
VC Fund · 1 investments in Saudi Arabia Financial Services startups

RAI group provides short-term cash flow or support growth capital for small to middle-market companies.

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Investment focus

  • Industry: Apps, FinTech, Financial Services
  • Stage:Pre-Seed
  • Geography: Saudi Arabia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Wafeer — Wafeer is a fintech personal finance management app that provides financial solutions.
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Financial Services VC funding in Saudi Arabia at a glance

Stats across 39 deals from 52 investors.

52
investors
in Saudi Arabia Financial Services startups
39
deals
in Saudi Arabia Financial Services startups
$5M
median round
in Saudi Arabia Financial Services startups
52%
lead investors
lead at least one round
36%
Seed
most common funding stage

Access all 52 VC funds in Saudi Arabia Financial Services startups.

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