Led · Series A · Jul 2026

Spare offers a unified API platform that enables businesses to connect to banks and financial institutions for account data access, identity verification, risk assessment, and account-to-account payments. Founded in 2019 by Dalal Alrayes and Sourabh Shah and based in Riyadh, the company connects to more than 35 financial institutions across the region. Spare raised $5 million in a pre-Series A round to scale its open banking infrastructure, expand API integrations, and accelerate product development. It plans to deploy the funds to expand operations across the GCC and broaden its commercial integrations. The recent financing was led by anb Seed Fund with participation from Vision Ventures, SEEDRA Ventures, 500 Global, Boubyan Ventures, and MEVP, strengthening its balance sheet for regional growth.

Participated · Series A · Feb 2026

SiFi develops cloud software that lets finance teams issue corporate cards, automate expense reporting, and execute vendor payments from a single dashboard. The system provides real-time visibility into outlays, enforces spending policies, and streamlines reconciliations. More than 3,500 organizations across Saudi Arabia now use the product, highlighting strong early adoption. To deepen its value proposition, the company plans to layer additional finance workflows and enhance AI-driven features for analytics and policy enforcement. Management’s stated goal is to evolve into a full-suite finance-management platform. Following its latest fund-raise, SiFi’s cumulative capital stands at over $34 million, giving it resources to accelerate product development and regional expansion. Revenue figures were not disclosed in the article.

Participated · Seed · Feb 2026

Founded in 2023 by Abdullah Alsubaie, Karim Merie, Abdulmalik Alothman and Omar Alessa, Safqah Capital offers a digital platform that connects individual and corporate investors with SME real-estate developers through Sharia-compliant, debt-based crowdfunding instruments. The company specializes in structuring Sukuk to finance land purchases and project development, giving developers access to alternative capital while opening real-estate investment opportunities to a broader investor base. Over its first 18 months, Safqah has financed more than 70 development projects with an aggregate value exceeding $800 million across Saudi Arabia. Its platform combines fintech and proptech capabilities and plans to integrate advanced AI-driven risk assessment and underwriting tools. The firm intends to expand its financing capacity and further scale its technology infrastructure with the newly raised capital. Safqah’s model targets the growing demand for transparent, Sharia-compliant real-estate financing solutions in the GCC. The company is headquartered in Riyadh, Saudi Arabia.

Led · Series A · Jan 2026

Vennre operates a digital wealth platform tailored to HENRYs (High Earners, Not Rich Yet) across the Middle East, giving them vetted access to private market opportunities. The company curates investments in real estate, private equity, venture capital and private credit, packaging them in transparent, Shariah-compliant structures traditionally reserved for institutions and the ultra-wealthy. By removing conventional gatekeepers, Vennre seeks to democratize generational wealth creation for high-income professionals. Its marketplace has already processed more than USD 40 million in transaction value, evidencing early traction and investor confidence. Governance has been strengthened with the appointment of Dr. Ibrahim AlMojel as Chairman of its Saudi board. Fresh capital will be directed toward enlarging the client network, launching new platform features and intensifying the firm’s Saudi presence amid ongoing financial-sector liberalization. Ultimately, Vennre aims to guide clients through an end-to-end wealth journey built on discipline, trust and long-term alignment.

Participated · Series A · Nov 2025

Founded in 2019 by Saud Binsaeed, Bonat provides an AI-driven SaaS platform that blends advanced analytics, marketing automation, behavior-based campaigns, and digital wallet integrations to boost customer loyalty for merchants. Its toolkit includes customizable loyalty programs, granular customer segmentation, review management, gift card sales, and SMS/email communications. The company currently supports thousands of retailers and food-and-beverage brands across Saudi Arabia and connects with more than six million end users. Bonat generates value by converting in-store traffic into repeat purchasers and by giving merchants data-driven insights to personalize outreach. With the fresh capital, management plans to deepen its AI capabilities, launch personalized campaign automation, embed payment and mobile-wallet functions, and broaden its reach into new verticals such as retail and services across Saudi Arabia and the wider GCC region. These initiatives aim to accelerate user growth and expand the platform’s utility for merchants.