Participated · Series A · May 2026

Stitch offers a single, cloud-native stack that spans lending, cards, payments, and ledgers, enabling financial institutions to adopt modules gradually without ripping out existing systems. Built by operators with experience at NPCI, FIS, Barclays, Santander, and Azentio, the platform is positioned as a modern system of record to enable institutions to adopt AI and launch products faster. In the six months prior to the announcement, more than $5 billion was transacted on Stitch’s platform. The company reported customer numbers grew 10x in 2025 and revenue grew 20x in the same period. Stitch currently serves customers across the GCC, Africa (including Egypt and Kenya), and Southeast Asia, with named customers including Raya Financing, LuLu Exchange, Noqodi, and Foodics. The company plans to continue expanding with the goal of servicing financial institutions worldwide.

Led · Equity · Sep 2025

InCountry develops data protection products positioned at the intersection of AI, identity, and data sovereignty. Its offerings include AgentCloak—an AI agent data protection solution launched alongside the financing—tools for AI data minimization and cross-border AI sovereignty, profile data residency for Identity and Access Management platforms, and end-user data residency integrations for enterprise applications such as Salesforce and ServiceNow. The platform is already used by Global 2000 enterprises across life sciences, semiconductor, and financial-services sectors. By handling regional compliance mandates from bodies such as the Cyberspace Administration of China, the Saudi Arabian Monetary Authority, and various European Data Protection Authorities, InCountry enables multinational companies to operate securely in multiple jurisdictions. The newly announced capital will fund expanded R&D, deepen strategic partnerships, and support broader global market expansion. CEO Peter Yared leads the company’s push to embed its solutions into AI and SaaS ecosystems worldwide.

Participated · Series B · Nov 2024

Lean Technologies is a Riyadh-based fintech infrastructure platform offering businesses secure access to critical financial infrastructure, enabling them to embed personalized payments and financial services. Its core products include A2A payment solutions, Pay-by-Bank and Open Banking data services that simplify pay-ins, payouts and account verification. The company is regulated by ADGM in the UAE and has processed over $2 billion in total volumes while verifying nearly 1 million bank accounts across clients. Major customers include e&, DAMAC, Careem, Tawuniya, Abdul Latif Jameel Finance, Salla, Tabby, and Tamara. With the new funding, Lean plans to scale its Pay-by-Bank and Open Banking offerings, deepen partnerships, grow its team, and expand its product suite across the MENA region. The company has positioned itself as a key fintech infrastructure provider focused on improving accessibility, transparency, and inclusion in the regional financial ecosystem.

Participated · Series D · Oct 2023

Tabby started as a BNPL pioneer in the Middle East and has broadened into online and in‑store payments and wider financial services. Its core products include online/in‑store BNPL, the Tabby Card for flexible spending, Tabby Plus subscription rewards, and Tabby Shop for longer‑term payment plans. The company says it is profitable, serves 15 million customers, and supports more than 40,000 brands and merchants. Tabby reports annualized transaction volume has doubled to over $10 billion, and management attributes improved profitability to new product launches that increased usage frequency. The fintech has expanded via acquisitions such as Tweeq, a Saudi digital wallet provider, and is building digital accounts, payments, money‑management tools and remittance offerings. It serves major merchants including Amazon, Adidas, IKEA, Samsung, and Noon and is positioning itself to scale into a broader financial ecosystem. Tabby operates a buy now, pay later platform and is described as the top financial services and shopping app in the Middle East and North Africa. The company securitized up to $700 million in receivables via a J.P. Morgan-led pre-IPO asset-backed debt facility, the largest such fintech deal in the region. It also concurrently extended its Series D financing to close $250 million with participation from Hassana Investment Company, Saudi Venture Capital (SVC), and Soros Capital Management. The financings strengthen Tabby’s balance sheet and provide additional capital to support expansion of its financial services and shopping products. Tabby serves roughly 10 million customers and 30,000 retailers and will use the proceeds to amplify reach, market penetration, and product innovation. Company leadership framed the securitization as a regional milestone reflecting rapid growth in the fintech landscape. Tabby provides BNPL checkout and in‑store payment services across Saudi Arabia, the UAE and Kuwait, working with more than 30,000 brands and serving over 10 million users. The company claims profitability and reports a threefold revenue growth, with an annualized transaction volume of over $6 billion. Tabby has expanded product offerings including Tabby Cards (adopted in over 4,000 stores) and Tabby Shop, which showcases over 500,000 products. Management moved the headquarters from Dubai to Riyadh and is preparing for a potential IPO on the Saudi exchange. The startup says it will invest further in its core markets and roll out additional credit and financial‑services products such as payments and savings. Tabby is a shopping and financial services app in the MENA region offering buy-now-pay-later and related consumer finance products. Its core product is a BNPL service integrated across online and offline retail, supported by the Tabby app and Tabby Card. The company reports over 4 million active customers, more than 20,000 daily installs, over 5 million monthly store visits, and over 280,000 Tabby Cards issued in the UAE. Tabby partners with over 15,000 businesses, including major retailers such as H&M, Adidas, IKEA, SHEIN, noon, and Bloomingdale’s. It is active in Saudi Arabia, the UAE and Kuwait and says it is valued at $660 million in its latest equity round. The additional financing will support its core BNPL business and enable serving more customers, retailers, and purchases. Tabby operates a BNPL platform that lets users make flexible, cost-free installment payments both online and in-store with global and regional retailers. The company has expanded beyond Saudi Arabia, the UAE and Kuwait to include operations in Egypt and recently launched a cards program. Tabby says more than 3 million users now shop with the service across 10,000+ brands, and it has issued over 150,000 Tabby Cards with in-store sales representing more than 10% of volumes. Revenues have increased fivefold over the past year. The company plans to expand its product line into a broader set of consumer financial services and has begun offering a product for everyday purchases that lets customers without credit cards pay at the end of the month. Tabby has raised capital and is positioning to deepen engagement as customers transact more frequently.

Led · Series A · Feb 2023

Pagos provides payment-intelligence infrastructure that streams and stores payments, commerce and fraud data and surfaces insights through a single dashboard and APIs. It connects to processors including Adyen, Chase, Braintree, PayPal, Stripe and WorldPay and offers data ingestion APIs and action products for developers and business stakeholders. The platform has processed over a billion transaction events and serves customers such as Adobe, Eventbrite, GoFundMe, Peek and Warner Bros. Discovery. Founders Klas Bäck, Albert Drouart and Dan Blomberg have backgrounds at Braintree/Venmo, PayPal and other startups. Pagos plans to greatly expand its remote software, product, sales and account management teams from its current 41-person workforce over the next year. The company positions itself to help customers reduce payment costs, optimize routing and recurring billing without replacing existing payment vendors. Pagos is building a SaaS data platform and API-driven microservices that integrate with any payment stack to help companies optimize payment processing and execution. Its tools include immediate payment data visualizations, automatic notifications on payment trends or problems, and up-to-date BIN details to manage customers and track costs. The company aims to deliver more than a dozen individual microservices (unbundled, free to try and individually priced at scale) and plans to add network tokenization and account updater services. Pagos was founded by former Braintree/Venmo and PayPal executives (CEO Klas Bäck and CPO Albert Drouart) with CTO Daniel Blomberg, who has launched multiple startups. The company is remote-first, has a 20-person team, and has been working with customers globally ranging from 50-person companies to merchants selling billions online. It raised a seed round to support product development and expand its engineering headcount.