Leap, on its second day, sponsors financing rounds worth $53.4 million for 6 entrepreneurial companies

Six startups successfully raised $53.4 million to fund their expansions on the second day of the international Leap conference hosted by Saudi Arabia, which serves as a pivotal hub for technology, innovation, and entrepreneurship.

Moyasar, a leading company licensed by the Saudi Central Bank operating in financial services, secured $21 million in a seed investment round.

Similarly, BRKZ, specializing in the construction sector in the Middle East and North Africa, obtained $8 million in Series A funding. BRKZ aims to fulfill its clients’ needs for materials, equipment, workforce, and financing through modern technology to build the cities of the future.

Remote Pass secured $5.5 million in Series A investment, while Build Now, a digital platform specializing in financial, banking, and construction solutions, completed a $9.4 million Seed funding round.

Build Now digitally records data such as financial information, legal status, and market reputation of the buyer to better assess credit risks, enabling it to supply materials on credit terms tailored to the buyer while paying upfront cash to small and medium-sized enterprise suppliers.

Lawazem, an e-commerce platform in Kuwait and the Middle East for household products and children’s needs, completed its Pre-Series A investment round with $8 million. Finally, the Pre-Seed platform Fan closed with $1.5 million.

Fan brings together various Saudi e-commerce stores, allowing visitors to explore stores in various fields, matching regional policies with professional standards.

The platform supports digital business aspirants, including merchants, service providers, and paid consultants in diverse fields, contributing to the Kingdom’s Vision 2030 by providing everything needed to start an electronic project and achieve professional expansion on a global scale.

Related Articles

Back to top button