In a move that underscores a steadfast commitment to fostering an innovation-driven investment landscape in Saudi Arabia, Falak Investment Hub, in collaboration with Bayan Platform, proudly announces the release of its latest report: "Venture Investing in Artificial Intelligence: Roadmap for Investors and Entrepreneurs in Saudi Arabia." This comprehensive report delves into AI’s pivotal role in…

UAE-based fintech Blum raised $5 million in a pre-seed and seed round.  The round was led by gumi Cryptos Capital, Spartan, No Limit Holdings, YZi labs and OKX Ventures. Founded in 2024 by Gleb Kostarev and Vladimir Smerkis, Blum is a decentralised exchange, offering universal token access through gamification within a Telegram mini-app. With the…

Tawaref, a leading Saudi-based shared services company, and Thanawi, a pioneering digital platform, are pleased to announce the signing of a Memorandum of Understanding (MoU) at LEAP 2025. This strategic partnership aims to advance the entrepreneurship sector and support digital transformation in startup transactions, creating new opportunities for investors and entrepreneurs.Through this collaboration, Tawaref and…

Egypt-based B2B SaaS startup Qme has raised $3 million in a seed funding round led by AHOY, along with a group of angel investors from the GCC. Founded in 2022 by Maged Negm, Qme is an AI-based digital infrastructure integrating booking, queuing, analytics, and payment solutions. The new funding will allow Qme to enhance its technology stack, expand its…

An article by Anil Kumar, country head for KSA at TASC Outsourcing The Saudi government has put a comprehensive Saudization policy in place to increase the number of nationals in the workforce. Forming part of the Vision 2030 scheme, this policy, which has evolved over the years, sees the government wanting to reduce unemployment from…

Saudi Arabia-based fintech Tabby has raised $160 million in a Series E financing round at a $3.3 billion valuation. The round was led by existing investors Blue Pool Capital and Hassana Investment Company and drew additional participation from STV and Wellington Management. Founded in 2019 in the UAE by Hosam Arab, Tabby is a buy…

Saudi Arabia-based fintech RasMal has closed a $4.8 million pre-Series A investment round led by Syndicate Element Holding Group (SHG). Founded in 2019 by Basil Alkuraya and Nasser Al-Tamimi, RasMal provides digital solutions to help private companies automate cap table management, fundraising, and equity transfers, while also supporting investors and private funds in managing investment…

Saudi Arabia-based logistics startup PIESHIP has closed its seed funding round of $2.1 million, led by Nama Ventures, with participation from SEEDRA Ventures and angel investors. Founded in 2023 by Nasser Alharthi, Musaed Al-Amri, and Mohammed Mohsen, PIESHIP provides its clients with warehouse management solutions, using an app for delivering shipments, and technical solutions for…

Saudi Arabia-based contech Buildnow has closed a $9.7 million funding round, led by STV and Arbah Capital, with additional funding from a mix of debt financing, reinforcing the company’s expansion plans in the market. Founded in 2022 by Hisham Al Saleh, Rahat Dewan, and Abdulla Sheikh, Buildnow is a build-now-pay-later platform that supplies materials on…