United Gulf Financial Services
Rue du Lac Biwa- Immeuble Fraj – Etg.2 1053 Les Berges du Lac, Tunis, 1053, Tunisia
Overview
United Gulf Financial Services-North Africa, established on November 2008, is an asset management company licensed by and working under the control of Tunisian Capital Market Authorities CMF. They offer a comprehensive access to the Tunisian financial market. They provide services through their different business platforms: private equity, asset management, advisory and corporate finance.Their clients are investors such as individuals, corporations and financial institutions.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 1
- Active investors
- 0
Sector focus
- Finance
- Financial Services
Investment portfolio
- PAYDAY Tunisie
Led · Seed · Oct 2025
Founded in 2024, PAYDAY Tunisie operates at the intersection of fintech and insurtech with a dual offering that combines salary-backed financing—allowing employees early access to earned wages—and micro-Takaful protection that provides inclusive, Sharia-compliant insurance coverage. The company targets businesses and their workforces to improve financial wellness and inclusion. Since launch, PAYDAY has processed more than 10,000 transactions totaling over 8.2 million Tunisian dinars, demonstrating strong initial market demand. Building on this traction, the startup is evolving into a comprehensive financial and insurance aggregator, integrating banks, microfinance institutions, and insurers onto its platform. This expansion will enable PAYDAY to serve both corporate clients and individual consumers directly. The firm aspires to become a regional benchmark for financial well-being and inclusive protection across North Africa. Its recent capital raise provides resources to scale these ambitions and enhance its platform capabilities.
- Cynoia
Participated · Equity · Dec 2023
Cynoia is a team collaboration platform that centralizes chat and video conferencing, email and calendar administration, document processing, and project management. Founded in 2022 by Ayoub Rabeh and Nasreddine Riahi, the company is based in Tunisia. It has over 3,000 members across nine countries. Cynoia recently secured EUR850,000 (US$930,000) to support growth. The funding is earmarked to expand into the West African Economic and Monetary Union (UEMOA), with a strategic focus on Senegal and the Ivory Coast. The platform aims to improve internal collaboration and productivity by centralising multiple tools within a single product.
Team
No current team members are available.