Month: May 2025

Here’s a structured overview of the relevant information about Kaleidofin: Company Overview Startup Name: Kaleidofin Founded: 2017 Founders: Sucharita Mukherjee Puneet Gupta Headquarters: Chennai, India Focus: Tailored financial solutions for low-income, underbanked customers and businesses in the informal economy. Funding Information Funding Round: Recent funding (September 2024) Amount Raised: $13.8 million Lead Investor: Rabo Partnerships […]

Here are the main bullet points summarizing the article about PIESHIP: Funding Success: PIESHIP, a logistics startup based in Saudi Arabia, has raised $2.1 million in seed funding led by Nama Ventures, with participation from SEEDRA Ventures and angel investors. Company Overview: Founded in 2023 by Nasser Alharthi, Musaed Al-Amri, and Mohammed Mohsen, PIESHIP focuses […]

Here are the main bullet points summarizing the article: Funding Round: Buildnow, a Saudi Arabia-based construction tech company, secured a $9.7 million investment led by STV and Arbah Capital, alongside additional debt financing, to support its expansion plans. Business Model: Founded in 2022, Buildnow operates on a "Build Now, Pay Later" model, providing credit terms […]

Saudization Policy: Implemented as part of Vision 2030 to increase Saudi nationals in the workforce, aiming to reduce unemployment from 12.9% in 2018 to 7% by 2030, focusing initially on labor-intensive sectors and now on high-skill areas like finance and IT. Consulting Sector Changes: Consulting firms are now required to have 40% Saudi nationals in […]

Report Release: Falak Investment Hub and Bayan Platform have released a report titled "Venture Investing in Artificial Intelligence: Roadmap for Investors and Entrepreneurs in Saudi Arabia," emphasizing their commitment to enhancing investment in innovation. AI’s Economic Impact: The report highlights the crucial role of artificial intelligence in driving economic growth and identifying new investment opportunities […]

Here are the main bullet points summarizing the article on Al Madinah Angels: Launch of Al Madinah Angels: A consortium of investors has launched "Al Madinah Angels" to enhance the entrepreneurial ecosystem in Al Madinah Al Munawarrah, reinforcing Al Madinah Ventures Initiatives. Collaborative Effort: The initiative is a joint collaboration between VMS, Al Madinah Chamber, […]

Here’s the summarized information based on the provided text: Startup Information Startup Name: Kaleidofin Founded: 2017 Founders: Sucharita Mukherjee, Puneet Gupta Funding Details Most Recent Fundraise Amount Raised: $5.3 million (approximately ₹44.5 crore) Date: Recent (specific date not mentioned) Funding Round: New funding round Lead Investor: IDH Farmfit Fund Previous Fundraise Amount Raised: $13.8 million […]

Here are the main bullet points summarizing the article: DHL Acquisition: DHL eCommerce has acquired a minority stake in Saudi parcel logistics company AJEX, marking its entry into the Saudi Arabian logistics market. AJEX Overview: Founded in 2021 and backed by Ajlan & Bros Holding, AJEX offers a variety of logistics services, including express distribution […]

Funding Secured: Saudi Arabian cybersecurity firm CQR has raised $3 million in a funding round led by Shorooq, aiming to enhance its AI-driven cybersecurity capabilities. Innovative Approach: Founded in 2023 by Naser Aldossary, CQR differentiates itself from traditional cybersecurity firms by offering scalable, product-based solutions for operational technology (OT) environments. Industry Impact: The investment will […]

Acquisition Details: PayTabs Group has acquired a 51% stake in PayTabs Egypt from EFG Finance, aligning with its strategic growth objectives in the region. Strategic Focus: The deal aims to enhance digital transformation and financial inclusion in Egypt, positioning PayTabs to better support local merchants and consumers. Leadership Statements: PayTabs CEO Abdulaziz Al Jouf emphasized […]