هذه المقالة متاحة أيضًا بـ العربية (Arabic)
- Nqoodlet Closes $3M Seed Round Led by OmanTel, 500 Sanabil Investment, and Oqal
- Strategic Investors Join Forces to Empower Startups Across the Gulf Region
- Funding Round Aims to Enhance Financial Operations for SMEs in Saudi Arabia and the GCC
Nqoodlet, the Saudi-based fintech platform revolutionizing SME financial management, has announced the successful close of its $3 million seed round.
The round was led by Waad Investments, with participation from OmanTel, 500 Sanabil Investment, Oqal, Seed Holding and other strategic investors.
Founded by Mohamed Milyani and Yara Ghouth, Nqoodlet is optimizing financial operations for small and medium businesses across Saudi Arabia and GCC.
Its platform provides smart corporate cards, real-time expense tracking, financial automation, and a hub for SME services — all in one seamless ecosystem.
Nqoodlet’s mission is simple yet ambitious:
to eliminate financial chaos and help businesses focus on growth, not paperwork.
Since launch, Nqoodlet has helped over 600 SMEs across the region achieve financial clarity.
Clients using the platform have reported an 80% improvement in financial operations speed and on average 200,000 SAR in annual cost savings, totaling over 80 million SAR in collective expense management efficiencies.
Officials’ Statements
Mohamed Milyani, CEO & Co-founder of Nqoodlet said :
“SMEs here are not just underserved — they’ve been overlooked for too long. Nqoodlet is changing that , This funding gives us the rocket fuel to scale faster, go deeper with banks, and bring financial clarity to thousands of businesses who deserve better.”
Nqoodlet’s Vision: Building the Financial Backbone of the GCC
Financial operations are the backbone of every business — ensuring the ability to operate, grow, and create impact sustainably.
Yet in GCC, SMEs still battle fragmented tools, outdated compliance processes, and overwhelming complexity.
Nqoodlet is building the first true Financial Operating System for SMEs in the Middle East — empowering businesses with:
- Clarity :Transparent, real-time financial insights to drive smarter decisions.
- Control :Full accountability over every riyal spent.
- Efficiency :Automated expense management, VAT filing, bookkeeping, and financial planning.
- Resilience ,Compliance, fraud protection, and proactive financial risk management.
- Strategic Growth :Unlocking new opportunities through smarter financial governance.
At its core, Nqoodlet’s mission is not just to manage money — it’s to give businesses the clarity, control, and confidence to scale faster, stress less, and succeed bigger.
Yasser Alghamdi, Chief Investment Officer of Waad Investment said:
“We chose to lead Nqoodlet’s seed round because we believe they are not just building a product — they are building an entirely new future for financial technolog”.
Under the leadership of Mohamed Milyani and Yara Ghouth, the Nqoodlet team has successfully transformed the everyday challenges faced by SMEs into smart, advanced, and easy-to-use solutions.
Their strong focus on product excellence, combined with their seamless integration of technology into financial operations, perfectly reflects the type of companies we seek to support.
Today, Nqoodlet is on its way to becoming the leading innovator in the region, and we are excited to be part of this game-changing journey.
What’s Next for Nqoodlet?
With this new investment, Nqoodlet will:
- Expand its banking infrastructure across Saudi Arabia and the wider Gulf.
- Launch new product modules, including open banking integrations, automated tax reporting, and advanced financial planning tools.
- Accelerate partnerships with banks, telecom providers, and SME ecosystem players.
- Invest in top regional talent across technology, finance, and customer success.
- Double down on its mission to make financial operations effortless for SMEs.
Yara Ghouth, Co-founder of Nqoodlet said:
“This isn’t just a funding round, It’s a statement: GCC is ready for the next generation of fintech, and we’re paving the way”.
She Said:”We’re here to make sure every business — from the smallest startup to the fastest-scaling SME — has access to financial tools that are fast, intuitive, and built for growth.”
