Saudi's Techrar Secures $1.6M to Expand AI-Driven Subscription Services

Techrar, a Saudi platform specializing in subscription, membership, and recurring billing management, has announced the closing of a 6 million SAR (~USD 1.6 million) investment round led by Wa'ed Ventures, an arm of Aramco Entrepreneurship. This round is part of Techrar’s efforts to support its growth plans and enhance its ability to provide solutions for businesses in the subscription management sector.

Techrar believes that subscriptions are a key driver of sustainable growth, and through this round, it aims to achieve three main goals: expanding the team by attracting top talent, developing products using technologies such as AI and automation, and expanding into new markets to increase the customer base.

Techrar focuses on providing an exceptional customer experience by improving subscription-related processes, helping businesses increase their recurring revenues and better understand customer preferences. The company also seeks to develop solutions that make it easier for businesses of all sizes to manage subscriptions more effectively.

Techrar graduated from the Sunbolah accelerator, a program specialized in building an innovation and entrepreneurship ecosystem in the agriculture and food sector by enabling entrepreneurs, innovators, and investors to enter the sector and invest their innovations and funds to accelerate its growth and improve its efficiency.

Source: EntArabi