Top 50 Payments VC (Venture Capital) Funds in United Arab Emirates in October 2023

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.

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.

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.

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.

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.

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.

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

Portfolio highlights

• Shenji Changhua — Shenji Changhua is a biotechnology company focusing on neurological diseases such as ALS.
• Yanming Biology — Pyrotech pharmaceuticals is a biotechnology company that focuses om development for drugs for the treatment of inflammation and tumors.
• Life Biosciences — Lingfu Bio is a service provider of the whole industry chain of experimental animals and animal models.

Portfolio highlights

• Tactyc — Tactyc is an easy-to-use portfolio construction, forecasting and management software for venture funds.
• Zoie Health — Zoie is a digital health firm for women that provides family planning, fertility, and maternity care services.
• Money Fellows — MoneyFellows digitizes the ROSCA model, enabling group lending and savings.

Portfolio highlights

• Tabby — With Tabby, you can split your purchases into 4 interest-free payments at your favourite stores. Download the Tabby app to get started.
• Ready — Get Ready BOSS for your CSP digital transformation. Cross-sell OTT services, subscriber self-service & more. Includes flexible, modular billing & API.
• Pagos Solutions — Get real-time payment data detecting issues, trends, and opportunities plus intelligent payment solutions for optimizing payment performance.

Portfolio highlights

• Bridged Media — Bridge the gap between empathy to action to boost your engagement and retention on text, audio, and video. The easiest way to help your audience create an impact.
• Laced — Discover the latest sneaker releases with Laced. The UK and Europe's authentic sneaker marketplace, discover coveted styles from Nike, Air Jordan, Yeezy, New Balance and more. Buy and sell now with Laced.
• Finverity — Finverity provides technology, working capital and expertise to give banks, NBFIs, financiers and companies a strategic advantage in supply chain finance.

Portfolio highlights

• Curacel — Curacel creates APIs & tools that enable businesses to embed insurance in digital channels and to administer claims cost-effectively.
• AOA — AOA based in Boston, New York, and London developing cancer diagnostics in the field of women’s health.AOA is a female-led company, is committed to bringing the first accurate early-stage liquid biopsy ovarian cancer diagnostic test to market that will improve clinical practice, help reduce patient mortality and deliver cost savings to payers.
• Craniometrix — Catch Alzheimer's 3x as accurately as a doctor & 10 years before symptoms. All in 5 minutes on your computer!

Portfolio highlights

• Axis — axis for Business enables small businesses to seamlessly manage employee payroll, salary advances, and expenses - all from one place.
• Amini — Amini is enabling Africa to transform the world, by empowering our ecosystem through data & fostering opportunities for 1B lives.
• Revio — Subscription billing and payments made easy.

Portfolio highlights

• Alaan — Take control of your business spend.
• Duetti — Duetti acquires music catalogs from independent artists a-la-carte with transparent, data-driven deals. Fund your career and breathe new life into tracks with uniquely intelligent marketing. Partner with us one track at a time, or even just a percentage of one.
• Parker — Parker is a developer of a digital financial platform designed to help users to pay expenses and manage their e-commerce finances.

Portfolio highlights

• Licify — Licify, a procurement cloud-based platform specialized in the construction industry, has redefined interactions between developers, contractors, sub-contractors and suppliers. It creates a community developing transparent and efficient realtionships allthrough the value chain. This improves the procurement and supply processes, generating savingsand increasing profitability.
• Channel19 — Channel19 is building a platform for small truckers to aggregate freight from all of their digital broker and load board relationships in one place and find the best freight to move for their business. Truckers using Channel19 earn up to 20% more revenue and can save over $3,000 per truck per year in dispatch.
• Advance Tech Lending — Advance Tech Lending is an online salary loans provider. They help employees cover their daily financial needs with a click of a button. They don’t charge interest, just a processing fee to get funds to you immediately.

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.

Portfolio highlights

• Bacu — Bacu provides restaurant technology and offer a comfort food concept.
• Kenzz — Kenzz is an e-commerce platform bringing shopping to the mass market in Egypt and MENA.
• Meliora Therapeutics — Bringing together modern molecular fingerprinting, machine learning, and cutting edge biology

Portfolio highlights

• AHOY Holding — Through AHOY's core tech, we are able to optimize any process related to movement, tasks, consent, and resources on this earth. People, goods, money, and information meet spatial capabilities in a serverless cloud. Get in touch and explore our APIs and technology.

Portfolio highlights

• Sereact — Discover the world's easiest pick-and-pack automation solution. Significant cost savings, productive 24/7, deployment in one day and no training required.
• Grasp — Grasp mission is to increase the rate at which humans learn.
• Amperecloud — ampere.cloud is Renewables & Environment company

Portfolio highlights

• Hubpay — Global payments for modern businesses. Pay suppliers, partners, employees using Hubpay's market leading FX, multi-currency accounts, collections, payments and more
• Trukkin — Trukkin is the best logistics company within GCC and Pakistan. Contact us for cargo logistics solutions and truck transport services.
• InvestSky — InvestSky offers zero commission investing in your favorite stocks. Invest smarter, together. Trading mobile app is coming soon, join the waitlist!

Portfolio highlights

• Buycycle — Buycycle is an online market place that offers pre-owned bikes. Buycycle is headquartered in Munich, Bayern and was founded in 2021.
• HOLOGATE — HOLOGATE is the market leading virtual reality and immersive media company offering innovative extended reality solutions for entertainment and enterprise applications.
• Narval — Securely use your digital assets with web3-native policy controls over any key storage & custody model

Portfolio highlights

• Lulalend — Financial provider for SME business banking accounts, business funding, and trade capital in South Africa. Do not delay. Click now to learn more and start today!
• NOW Money — NOW Money is the UAE's first digital payroll and mobile bank service developed specifically for low income workers.
• Apollo Agriculture — BRINGING COMMERCIAL FARMING TO EVERYONE Andrew, 3 acre maize farmer and Apollo customer

Portfolio highlights

• invygo — Invygo is MENA's first & largest car subscription service creating accessible mobility options through an all-inclusive monthly subscription, all in a seamless app-based experience.For consumers: we provide them access to passenger cars without any financial burdens through a customizable month-to-month subscription through a mobile appFor Dealers: through our technology, they get access to a new business model that helps them generate revenue and reduce their depreciation and operational cost The company was founded in 2018 by Eslam Hussein and Pulkit Ganjoo in Dubai, UAE.
• Spendflo — Let Spendflo buy and renew your SaaS for you. Get more visibility on your vendors, automate procurement and spend less on every tool.
• Monarx — Automatic malware protection for PHP web hosting providers.

Portfolio highlights

• Reserv — We are a premier claims platform, born from state-of-the-art data intelligence and talent management technology.
• TreasurySpring — We search out the best cash investments on the planet and deliver them through a simple digital portal. All you need to do is click some buttons.
• Project Admission — A software solution that integrates with ticketing platforms, Project Admission makes buying, transferring, and reselling tickets simple, intuitive, and effective.

Portfolio highlights

• Tallarium — Tallarium - The definitive pre-trade data and analytics platform for OTC energy markets, driven by data science
• Gateway — Gateway is a decentralized protocol for creating, consuming, and displaying verifiable credentials.
• Coinflow Labs — Coinflow is a payment solution that allows Web3 companies to accept traditional payment methods and payout their customers by converting cryptocurrency to USD in their traditional bank account.

Portfolio highlights

• Rain — Rain is a regulated cryptocurrency exchange operating in the Middle East.
• Sarwa — Sarwa is your all-in-one investment platform. We offer hands-off investing, real-time trading, and high-yield savings. With holistic financial tools at your fingertips, investing has never been easier. Sarwa SDWCL is regulated by the FSRA in the ADGM.
• Clara — Clara demystifies the complex startup legal processes involved in setting up, growing and exiting a startup, through our innovative platform.

Portfolio highlights

• Lyvely — Lyvely is a social networking and content monetization platform that provides an integrated multimedia e-commerce and payments solution.
• zkLink — zkLink is a unified middleware layer connecting L1 chains and L2 networks with zk-SNARKs technology, reshaping the crypto landscape for DeFi, NFT, and RWA trading.
• Dspace — DSpace is a Web3 social protocol powered by AIGC, LBS, AR, and blockchain technologies, providing users with innovative Gamefi-integrated social interactions, bridging the gap between Web3 and physical reality.

Portfolio highlights

• KUmar Pradeep — Cart Abandonment Rate is the percentage (%) of online visitors who add items to their shopping cart but then abandon it without making a purchase. It shows the rate at which your potential customers are leaving without buying.
• Digio — Aadhaar eSign and eKYC, Digital Signatures(DSC), eNACH(NPCI Electronic Mandates), digital documentation platform. Leading digital transformation of India.
• CoinCRED — CoinCRED allows users to buy, sell, and trade cryptocurrencies.

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.

Portfolio highlights

• Ondefy — Ondefy is building infrastructure that enables a simple access to decentralized finance. Integrate multiple DeFi services unders 1 line of code.
• Attarius Network — Attarius Network - the first and only all-in-one NFT ecosystem for game industry

Portfolio highlights

• Mamo — Experience the ease of sending and receiving money with Mamo. No beneficiaries. No fees. No IBANs. Money is made for living. Move your money, at your pace.
• invygo — Invygo is MENA's first & largest car subscription service creating accessible mobility options through an all-inclusive monthly subscription, all in a seamless app-based experience.For consumers: we provide them access to passenger cars without any financial burdens through a customizable month-to-month subscription through a mobile appFor Dealers: through our technology, they get access to a new business model that helps them generate revenue and reduce their depreciation and operational cost The company was founded in 2018 by Eslam Hussein and Pulkit Ganjoo in Dubai, UAE.

Portfolio highlights

• RxAll — RxAll is a drug checking technology that solves drug counterfeiting by providing a proprietary AI platform- nanoscanners and a mobile app to test drugs- prescription & recreational- in real time without destroying the sample
• Tippsy — Largest selection of sake delivered to you. Tippsy makes finding good sake easy and fun! Free shipping 6+ bottles. Sake club subscription offers special perks such as member-exclusive discounts, virtual sake tasting as well as a beginner's guide.
• manebi Japan — manebi is an Career development support platform business to support human transformation.

Portfolio highlights

• NeoSwap — NeoSwap is a multi-party, multi-item NFT swap platform that redistributes items in a win-win-win manner, using minimal currency. It provides neo-barter solutions to unlock value within existing marketplaces and enable marketplaces where they were previously unsustainable. It was founded by John Ennis.
• IsoTalent — IsoTalent s a full-service recruiting agency in Lehi, Utah, with clients from around the world. We offer affordable hourly rates, high-touch collaboration with our team of professional recruiters, and tech-backed applicant tracking and screening methods.
• Jingle Pay — Join now and get your ZERO fees, forever FREE account.

Portfolio highlights

• klikit — Founded in 2021, klikit is a Singapore-based venture helping restaurants across Southeast Asia grow their business. With a first-of-its-kind enterprise technology stack, klikit helps restaurants become far more efficient in food delivery operations, while also connecting restaurants to role-model creators to launch virtual food brands for extrarevenue. This team of 30 led by ex-Gojek, Uber, Twitch, Nike and other alumni is backed by Global Founders Capital, Wavemaker Partners, Uber alumni syndicate Moving Capital, Gojek co-founder Kevin Aluwi, Nuseir Yassin of NasDaily, Radish Fiction Founder Seung-yoon Lee, and more.In its first seven months, klikit has serviced over US$2.8 million in food delivery orders across 150 brands in the Philippines, Malaysia, Indonesia, and Singapore, as well as Taiwan and Australia.We’re hiring — join us as we help restaurants take back their power in food delivery! http://bit.ly/joinklikit
• 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.
• BOND — Get closer to the people and products behind your screen than ever before. Step inside creator wardrobes. Shop their edits. Swipe their curations. Be inspired. We're bringing you a new way to discover.

Portfolio highlights

• Finku — Aplikasi manajemen keuangan yang membantu mengelola transaksi keuangan kamu secara otomatis. Pelajari semua insight yang dipersonalisasi khusus untuk kamu! Download aplikasi beta nya sekarang !
• Trukkr — Trukkr is Pakistan's First and Largest Online Logistics Platform. They make the process of booking commercial cargo fast by linking a shipper with transporters over a secure, intuitive and powerful platform. We ensure that shippers have complete transparency in price discovery, visibility, flexibility, and choice while at the same time givetransporters easy access to more jobs, whenever they want them. Founded in 2019, Trukkr is committed to reinventing the old school trucking industry in Pakistan by making it easier for millions of truckers to book a load and move at capacity, while ensuring shippers have access to the right truck, at the right time.
• Dastgyr Technologies — Making trade and capital seamless and reliable

Portfolio highlights

• Meeno — Meeno is a relationship mentoring app powered by generative AI
• PartyKit — PartyKit is an open source deployment platform for AI agents.
• Iambic Therapeutics — Iambic has created a cutting-edge AI-driven platform to tackle the most challenging design problems in drug discovery and address unmet patient need.

Portfolio highlights

• IoTeX — IoTeX is the leading decentralized network powering the future of web3 and machine economy (MachineFi). The platform is built for developers to connect billions of machines with web3 infrastructure, to create innovative products including DeFi, NFT, DAO, Metaverse, and MachineFi applications. Founded in 2017 with a team of alumni from Google,Facebook, Uber, Bosch, and Intel, IoTeX has launched a high-performance public blockchain with off-chain computing for devices and machines, cross-chain bridges, wallet, and the MachineFi marketplace. The IoTeX network has grown rapidly with >$2B in assets on-chain, >300K on-chain users, and >10k devices connected across hundreds of dapps.
• Magic Square — Discover, use, and manage all dApps, DeFi, NFTs, GameFi, and engage with the community in one convenient place. Magic Square - It's all there.
• Acme Labs — Enable secure, one-tap token payments and trades across banks and blockchains in minutes. No downloads, seed phrases or gas fees required!

Portfolio highlights

• Dmail — Dmail Network is a decentralized mailbox that provides a safe and private environment for users' communication, storage, tokens, and NFTs. The company was founded by Mittal S. and Lucas L. in 2021.
• Eywa — Founded in 2021, EYWA helps Web3 projects scale up by enabling them to operate, get listed, and traded on all connected blockchain networks with a single liquidity pool. Additionally, EYWA provides a truly decentralized data protocol for secure messaging.In partnership with Curve Finance, one of the largest decentralized exchanges, EYWA isintroducing a new paradigm of non-algorithmic cross-chain assets aimed at solving the problem of liquidity fragmentation. Their cross-chain protocol stands out as the most decentralized solution in the market.- Received 6 grants from biggest L1/L2 blockchain networks including NEAR Foundation, Aurora, Harmony One, Algorand, Boba Network, and others - Winning hackathons: Ethglobal Marketmake, Polygon’s BUIDL IT hackathon, Metis hackathon
• IQ Labs — IQ Marketplace offers unique NFTs with exclusive utilities, boosting your in-game experience. With flexible renting parameters and multiple payment options, rent without collateral and unlock the full utility of NFTs. Say goodbye to gas fees with our gasless renting feature and multiply the value of NFT collections with our multi-utility renting. Explore now

Portfolio highlights

• Lifeform — Lifeform provides decentralized identity systems for Web3 avatars.
• Gosleep — Gosleep is a healthfi-focused web3 lifestyle applications. They also provide gamefi, socialfi, and healthfi services. Additionally, they also provide token-rewarded and social gaming-driven system to encourage users to build up healthier sleep behavior's and participation.
• Mystic Games — Mobile game developer. Pushing Free to play Roguelike RPGs to the next level.

Portfolio highlights

• Fifty — Fifty App is a startup that Helps employees move from theoretical intentions to concrete practice
• 10 Minute Squad — GoPuff for Korea. We deliver groceries in 10 minutes in Seoul through a networks ‘dark stores’.
• Nano Technologies — VUI provides Flexible Payroll (EWA) solutions, income statistics, and employee financial management education through a technology platform.

Portfolio highlights

• Cyrator — Our daily list of trending crypto projects that completed our rigorous review process
• Marhaba Defi — MRHB Defi is a halal, decentralized finance platform built to embody the true spirit of an “Ethical and Inclusive Defi” by following faith-based financial and business principles, where all excluded communities can benefit from the full empowerment potential of Defi.
• Attarius Network — Attarius Network - the first and only all-in-one NFT ecosystem for game industry

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.
• Kaso — Elkaso is the leading Order and Procurement Management Tool for Restaurants and Suppliers in the Middle East.
• Yellow Metal — Fintech company that provides Gold loan

Portfolio highlights

• Credpal — Buy now, pay later. Split in 6.
• Yep! — Yep! is a financial super app leveraging technology to deliver seamless financial services and solutions to all Africans.
• Encore Pay — Encore Pay is a UAE-based FinTech and Payment solutions provider.

Portfolio highlights

• Octopus Network — Octopus is a cryptonetwork for launching and running Web3.0 application specific blockchains, aka appchains. By decreasing the capital expenditure for bootstrap an appchain by two orders of magnitude, from several million dollars to less than one hundred thousand dollars, Octopus Network is committed to unleash an innovation wave of Web3.0.
• Attarius Network — Attarius Network - the first and only all-in-one NFT ecosystem for game industry

Portfolio highlights

• Sepana — Sepana develops search technologies designed to make it easy for people, communities, applications, and protocols to discover Web3 content. Founded in 2021, Sepana's API allows developers to build search-as-a-service functionality directly into their apps.
• Valory — A world-class team leading cutting-edge research & development at the intersection of multi-agent systems and distributed ledger technology.
• Kairos Loan — Kairos Loan is a new type of lending protocol allowing you to borrow instantly using an NFT as collateral and with the best rates on the market.

Portfolio highlights

• Attarius Network — Attarius Network - the first and only all-in-one NFT ecosystem for game industry

Portfolio highlights

• Undeads Metaverse — Play, earn crypto & mint NFTs while exploring the post-apocalyptic metaverse. Feature-rich gameplay never seen in Web3 space before. Join the Undeads Metaverse!

Portfolio highlights

• KUmar Pradeep — Cart Abandonment Rate is the percentage (%) of online visitors who add items to their shopping cart but then abandon it without making a purchase. It shows the rate at which your potential customers are leaving without buying.
• Matchly — Matchly provides assistance to open a saving account set up by the employer, the company enables its employees to save for retirement, with the employer matching their contributions.
• CoinCRED — CoinCRED allows users to buy, sell, and trade cryptocurrencies.

Portfolio highlights

• Attarius Network — Attarius Network - the first and only all-in-one NFT ecosystem for game industry

Portfolio highlights

• LumiShare — An innovative Trust Token backed by 3 uncorrelated assets, including Gold, sophisticated algorithms and an Asset Backed NFT Marketplace.