Angel investors

Saudi Qannas closes a successful “Pre-Seed” financing round in partnership with “Core Vision” and angel investors

Saudi financial technology company, Qanas, has revealed the successful closure of a Pre-Seed investment round led by Core Vision in collaboration with angel investors, without disclosing its financial value.

Founded in 2022 by Basel Al-Bahri, who serves as the CEO and has previous experience working in various banks as a banking products manager and participating in the establishment of a fintech company, Qanas offers an application that activates the potentials of open banking, allowing investors in the Saudi market to centralize the management and request of broker services.

The application provides options for linking with the national unified access to verify investor data accurately during registration, whether through text messages, uploading account statements manually. According to Qanas, the company has attracted more than 8,000 clients, witnessing a 230% annual increase in its customer base.

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