Revent is a tech device bank for SMEs that provides high-quality used devices on installment plans across the United Arab Emirates and Saudi Arabia. Co-founded in 2022 by Dhananjay Choubey and Baldeep Singh, the company pairs a physical device inventory with an AI-powered virtual IT desk for support. Revent targets a market the founders estimate at roughly 2 million SMEs in the UAE and Saudi Arabia that they say spend up to 22% of limited capital on depreciating IT assets. The company says it can offer devices at up to 40% lower total cost of ownership compared with traditional options. Revent plans to use recent funding to expand its Saudi clientele and build a self-service platform where businesses can manage devices, pay bills, and submit support requests. It raised $900,000 in a pre-seed round to support these growth and product-development efforts.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

May 2024