Seed

Pre-Seed

Others

Riyadh

Mohamed Amine Merah

Rayan Alsharif

If you're ready to take your business to the next level with Business Innovation Mine, we want to hear your pitch.

Investment in Startup

Business Innovation Mine (BIM)

Healthcare

Software Dev/Test

Technology

Transportation

Finance

Marketing/Sales

BIM specializes in creating thriving and sustainable enterprises from the ground up by leveraging their expertise, resources, and network.

Soum

E-Commerce

Jeddah

Ejaro

Tygo

CashIn

Fintech

Payments

CashIn is an enablement app that supports smart devices to facilitate merchants by managing their sales, payments and other operations.

Sanad Cash

Sanad Cash helps employees relieve financial stress by getting them instant access to their salaries between paychecks.

Conix.ai

Real Estate

Machine Learning

SaaS

Welcome to the future of architecture! CONIX.AI is a groundbreaking platform that empowers architects and designers to unleash their creativity and achieve unparalleled speed and efficiency. 

Our suite of tools is designed to help architects work smarter, not harder by an AI-powered design generator that can easily generate multiple architectural design proposals for different projects to create more innovative and personalized designs for their clients. 

And the best part? CONIX.AI is not only faster, but it's also more cost-effective, saving architects up to 5 times more money than traditional design methods. The platform is designed to be 100% compliant with the building code that all aspects of the construction project must adhere to.

iStoria

Education

EdTech

AtarCloud

Rumbl

Aseel

Financial Services

Investment Management

Aseel is a financial services firm that connects underrepresented communities with global customers and donors.

Hobby District

Design Bureau (by BIM)

Lynk

Blue Assembly

Apps

Telecommunications

Saudi-based on-demand payment and spend management platform Sanad Cash, Inc. has raised a $1.6 million Seed round with participation from Impact46 seed fund, BIM ventures, Hala ventures, Derayah ventures, and a distinguished list of angel investors in KSA.

Sanad Cash was founded in 2020 by Sultan Alhugail, Mahmoud Iswiad, and Shorhabel Ghoneim and they are batch one alumni from Sanabil 500 accelerator. Sanad Cash offers small to medium-sized businesses (SMBS) and corporates a SaaS platform to help them track all of their spendings, and initiate on-demand payments for employees and others with just a few clicks.

“Sanad Cash vision is to introduce one a stop shop for all SMBs day to day financials by offering them global standard digital tools at a reasonable cost. Our partnerships with existing financial institutions will help us to introduce what we call an all-in-one new financial system that includes a corporate card, a spend management software, and a business account in one easy dashboard,” Says Mahmoud Iswiad, co-founder and CEO of Sanad Cash. 

“SMBs are the nerve of our economy and they represent not less than 90 per cent of business and more than 50 per cent of the employment in Saudi Arabia. We are witnessing a real need in KSA SMBs ecosystem to adopt more digital tools and move towards a cashless society which is a main pillar of the kingdom 2030 vision,” Says Sultan Al-Hugial, co-founder and chief commercial officer.

He added, “Our mission is to be the number one enabler for efficient and cost-effective on-demand payment and spend management in Saudi Arabia and the Middle East.

Sanad Cash will utilise its funding round to strengthen its position in the KSA market and acquire new local talents across multiple fronts. 

We are extremely thankful to all of the investors who participated in this round and our legal firm Levari for leading the legal front in this round and the previous pre-Seed round as well.

Saudi fintech Sanad Cash raises $1.6 million Seed round

Business Innovation Mine (BIM)

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Business Innovation Mine (BIM)

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 4 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

Other Investors

About

Legal

Social Media

Portfolio Companies
or Investments