Seed

Others

Series A

Pre-Seed

Debt Financing

Pre-Series A

Africa

Levant

Asia (ex. GCC & Levant)

Rest of World

Riyadh

Yasser Al Kadi

Abdulaziz Al-Turki

Ameer Sherif

If you're ready to take your business to the next level with Khwarizmi Ventures, we want to hear your pitch.

Investment in Startup

Khwarizmi Ventures: Explore funding focus, portfolio highlights, and key industries. Exclusive insights at Lucidity Insights.

Khwarizmi Ventures

E-Commerce

Finance

Transportation

Technology

Software Dev/Test

Foodtech

Energy

Fintech

Khwarizmi Ventures, a Saudi-based Venture Capital firm, has provided seed funding to prominent startups, supported founders, and expanded numerous regional companies with established traction in the MENA region.

Series C

Tamara

Payments

Tamara offers a buy now, pay later platform that enables customers to pay in installments.

Pre-IPO

TruKKer

Logistics

Freight Service

Supply Chain Management

TruKKer is a technology-enabled truck aggregator that operates multiple truck types for multiple end markets.

Dubai

Private Equity

Eyewa

Retail

Eyewear

Marketplace

Eyewa offers prescription contact lenses, color contact lenses, sunglasses, and eyeglasses.

Series B

Lean

Financial Services

Predictive Analytics

Lean is a B2B fintech platform that builds developer-friendly APIs. Developers can build and launch cutting-edge financial products to connect to their users’ bank accounts.

Abu Dhabi

Lyve Global

Information Technology

SaaS

IT & Communication

Lyve is a B2B SaaS platform empowering businesses to digitize their customers’ journey from order to payment to delivery.

Cairo

Brimore

Social Commerce

Brimore is a social commerce platform connecting emerging brand owners with a network of resellers who market and sell their products using social media.

Khazna

Apps

A Financial Super App that offers easy to use, technology-driven  to Egypt’s underserved consumers and micro-businesses.

Rewaa

Retail & Wholesale

Omnichannel inventory management system and a POS that integrate with marketplaces, shopping carts, and other retail services.

Karachi

Dastgyr Technologies

Dastgyr is a B2B e-commerce marketplace that uses technology to connect informal retailers with manufacturers and wholesalers.

Manama

Calo

Healthcare

Food and Beverage

Wellness

Calo is Founded in 2019 by Ahmed AlRawi and Moayed Almoayed, Calo serves personalized meal subscriptions.

Soum

Giza

Pylon

Water

Pylon provides water and electricity distribution companies, in emerging markets, with a platform for managing their customers and infrastructure

Mala'a Technologies

Mobile Apps

Mala'a Technologies is a leading fintech company that offers a range of data-driven financial products and services for individuals and institutions with its financial app.

Islamabad

TAG is a financial app that offers digital wallets and payment services.

Amman

POSRocket

Intelligent Systems

Traditional cash registers are a thing of the past. POSRocket modernizes this near-obsolete system by providing business owners with an intuitive, user-friendly, cloud-based point-of-sale (POS) platform.

RemotePass

RemotePass is an all-in-one platform for companies to onboard, manage, pay, and retain remote workers in 150 countries

Alma Health

Sifi

SiFi aims to assist companies get in control of their expenses.

buildnow

Credit

Lending

Business Development

Bosta

Courier Service

Bosta is an e-commerce company that focuses on delivery services for businesses and customers.

Bouskoura

Chari

Retail Technology

A one stop shop for traditional proximity stores allowing them to order any consumer goods they sell and get delivered for free while benefiting from financial services

Xare

Xare is a revolutionary way for you to share access to your credit or debit cards with anyone, anywhere –securely, instantly.

Fatura

Fatura connects the supplier with the retailers through its mobile app, enabling them to order their inventory instantly.

California

Sibly

Social Network

Text-based service that connects employees with helpful human coaches whenever, wherever.

Qawafel

Yalla Plus

Hospitality

Payment

Enterprise Software

Yalla Plus builds software that empower business to grow. The holistic solution to managing your business.

erad

Rise (Go Rise)

Rise is financial services platform for migrants, helping them manage their finances in their host and home country seamlessly on a single platform.

Melltoo

Internet

Mobile marketplace for buying and selling second hand things.

bluworks

Saydl

Maqsam

Cloud

Machine Learning

Simplified Financial Solutions Company (SiFi)

Baytonia

Furniture

Home Decor

Moonshot Brands

Saudi Arabia-based fintech Malaa Technologies, has raised $1.7 million in its Seed round with participation from Impact46, Khawarizmi ventures, Venture Souq, WealthWell, and several angel investors.
Founded in 2020 by Ali Alorainy and Faisal Alqarni, Malaa facilitates access to expense management and promotes a culture of savings in communities.
The fintech recently obtained a permit from the Saudi Central Bank regulator (SAMA) to operate open banking activities.
Press release:

Saudi financial technology startup Malaa Technologies has raised SAR6.4 million ($1.7 million) in its Seed round with participation from Impact46, Khawarizmi ventures, Venture Souq, WealthWell, and a number of angel investors.

Established back in November 2020, the startup was founded by Ali Alorainy and Faisal Alqarni who both come with diverse experiences in finance and technology. Malaa recently announced obtaining SAMA’s permit to operate open banking activities with the aim to help individuals make better financial decisions through cutting edge technologies in big data and artificial intelligence

Abdulaziz Alturki, MD of Khawarizmi Ventures, said “Malaa team is a great example of aspiring entrepreneurs who took a bold step as the first fintech company to launch its services on top of Open Banking. Malaa will contribute to facilitating access to expense management and promoting a culture of savings in communities. We are pleased to have joined their journey in achieving their mission of raising financial awareness and personal financial management”

Mohammed Alnasyan, from impact46 team, adds: “There is an increase in financial awareness driven by changing consumer behaviour globally and a number of government initiatives locally. Along with the Open Banking Policy, the need for personnel tools to manage and take effect of this major shift in the financial sector is evident. Malaa has a unique approach to addressing this shift with its solutions from financial management, investment, and especially lending. We have a long history with Malaa's founders and we have always been impressed by their ambition and resilience. We are believers in Malaa team and vision and are happy to support their journey"

VentureSouq General Partner stated that “Our FinTech thesis includes personal finance management where we think there is significant whitespace in the MENA region and we are excited about Malaa’s solutions-based approach starting with savings for millennials and Gen Z users as a tool to make better borrowing and investing decisions. We are thrilled to be joining Ali and Faisal on their journey.”

Malaa Technologies raises $1.7 million Seed round

Saudi Arabia-based buy now pay later (BNPL) startup Tamara, has secured a $6 million (SAR 22.5 million) seed round led by Impact46 with participation from Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala, and Nama, along with multiple family offices. This marks the largest seed round ever raised by a Saudi Arabian startup.

Founded by Abdulmajeed Alsukhan and Turki Bin Zarah and Abdulmohsen Albabtain, Tamara is the first Saudi Arabian fintech startup to acquire a sandbox licence to operate as a BNPL platform.

The fresh funds will help Tamra accelerate its growth plans as well as expand across Saudi Arabia and the UAE. Tamara’s top partners include: Namshi, Whites, Floward, Saif Gallery, Toys R Us in addition to the e-commerce enablers: Salla and Zid. The company has offices in Germany, UAE and Vietnam.

“We enable merchants to grow their sales and entice their customers with our buy now pay later and installment services that do not include any fees the customer has to pay. We strongly believe Tamara will be a game-changer for both merchants and customers. It will positively re-shape the purchasing power in the market”, said Abdulmajeed Alsukhan, CEO and co-founder of Tamara.

Abdulaziz Alomran, CEO of Impact46, added: “The fintech market is expected to reach $33 billion in transaction value by 2023. We believe that buy now pay later is an untapped area in this huge market, and we are proud to support the Saudi pioneers leading Tamara who will surely play a major role in the transformation and future of financial services in KSA & GCC.”

Khwarizmi Ventures

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Khwarizmi Ventures

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

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Top 6 sectors we invest in

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Executive Team Members

About

Legal

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Portfolio Companies
or Investments