Revenya Capital Launches a $2 Million Investment to Support Fintech Startups in the Middle East
Arzan Venture Capital (Arzan VC) announced a strategic partnership with Ahmed Taqatqa to launch Revenya Capital, a revenue-based financing platform focused on supporting technology startups across the Middle East and North Africa. The project was initiated with a seed investment of $2 million, funded by Arzan VC and the Arzan Financial Group (AFG), with additional credit facilities from AFG’s network, aiming to meet the growing demand for non-dilutive funding options for startups.
Flexible Funding for Startups
Revenya Capital is committed to working closely with venture capital firms to provide short-term, non-dilutive funding for startups, covering various needs such as marketing, inventory, events, equipment, and seasonal requirements. This collaboration strengthens the ability of venture capital firms to empower their portfolio companies with flexible financing solutions, helping startups focus on growth without sacrificing equity.
Addressing Funding Gaps in the Market
Ahmad Takatkah, Co-Founder and Managing Partner of Revenya Capital, highlighted the increasing demand for non-dilutive funding solutions. Only four regional companies currently provide such flexible financing options: Erad, Capifly, FlapKap, and Flow48. Revenya Capital aims to collaborate and co-lend with these companies to expand the availability of flexible financing solutions for the region’s rapidly growing startup ecosystem.
Hassan Zainal, Co-Founder and Managing Partner of Arzan VC, also noted that the launch of Revenya Capital is well-timed. There is a significant market gap for flexible financing options specifically tailored to technology startups.
