{"id":43362,"date":"2025-05-04T08:00:53","date_gmt":"2025-05-04T05:00:53","guid":{"rendered":"https:\/\/entarabi.com\/?p=43362"},"modified":"2025-04-28T16:49:28","modified_gmt":"2025-04-28T13:49:28","slug":"nqoodlet-raises-3m-seed-round-to-power-the-future-of-sme-finance-in-saudi-arabia-and-gcc","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/05\/nqoodlet-raises-3m-seed-round-to-power-the-future-of-sme-finance-in-saudi-arabia-and-gcc\/","title":{"rendered":"Nqoodlet Raises $3M Seed Round to Power the Future of SME Finance in Saudi Arabia and GCC"},"content":{"rendered":"<ul>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"99\" data-end=\"182\"><strong data-start=\"99\" data-end=\"182\">Nqoodlet Closes $3M Seed Round Led by OmanTel, 500 Sanabil Investment, and Oqal<\/strong><\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"184\" data-end=\"262\"><strong data-start=\"184\" data-end=\"262\">Strategic Investors Join Forces to Empower Startups Across the Gulf Region<\/strong><\/li>\n<li dir=\"ltr\" style=\"text-align: left;\" data-start=\"264\" data-end=\"355\"><strong data-start=\"264\" data-end=\"355\">Funding Round Aims to Enhance Financial Operations for SMEs in Saudi Arabia and the GCC<\/strong><\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left;\"><strong> Nqoodlet<\/strong>, the Saudi-based fintech platform revolutionizing <strong>SME financial management<\/strong>, has announced the successful close of its <strong>$3 million seed round.<\/strong><\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The round was led by <strong>Waad Investments<\/strong>, with participation from <strong>OmanTel<\/strong>, <strong>500 Sanabil Investment<\/strong>, <strong>Oqal<\/strong>, <strong>Seed Holding<\/strong> and other<strong> strategic investors<\/strong>.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Founded by<strong> Mohamed Milyani and Yara Ghouth, Nqoodlet<\/strong> is optimizing <strong>financial operations for small and medium businesses<\/strong> across<strong> Saudi Arabia and GCC<\/strong>.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Its platform provides smart corporate cards, real-time expense tracking, <strong>financial automation<\/strong>, and a<strong> hub for SME services<\/strong> \u2014 all in one <strong>seamless ecosystem<\/strong>.<\/p>\n<h2 dir=\"ltr\" style=\"text-align: left;\"><strong>Nqoodlet\u2019s<\/strong> mission is simple yet ambitious:<\/h2>\n<p dir=\"ltr\" style=\"text-align: left;\">to eliminate financial chaos and help businesses focus on growth, not paperwork.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Since launch, <strong>Nqoodlet<\/strong> has helped over<strong> 600 SMEs across the region<\/strong> achieve financial clarity.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Clients using the platform have reported an 80% improvement in financial operations speed and on average 200,000 SAR in <strong>annual cost savings<\/strong>, totaling over 80 million SAR in collective expense management efficiencies.<\/p>\n<h2 dir=\"ltr\">Officials&#8217; Statements<\/h2>\n<p dir=\"ltr\"><strong>Mohamed Milyani, CEO &amp; Co-founder of Nqoodlet said :<\/strong><\/p>\n<blockquote>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cSMEs here are not just underserved \u2014 they\u2019ve 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.\u201d<\/p>\n<\/blockquote>\n<p dir=\"ltr\" style=\"text-align: left;\"><strong>Nqoodlet\u2019s Vision: Building the Financial Backbone of the GCC<\/strong><br \/>\n<strong>Financial operations<\/strong> are the backbone of every business \u2014 ensuring the ability to operate, grow, and create impact sustainably.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Yet in <strong>GCC<\/strong>, SMEs still battle fragmented tools, outdated compliance processes, and overwhelming complexity.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\"><strong>Nqoodlet is building the first true Financial Operating System for SMEs in the Middle East \u2014 empowering businesses with:<\/strong><\/p>\n<ul>\n<li dir=\"ltr\" style=\"text-align: left;\">\u00a0<strong>Clarity<\/strong> :Transparent, real-time financial insights to drive smarter decisions.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>Control<\/strong> :Full accountability over every riyal spent.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">\u00a0<strong>Efficiency<\/strong> :Automated expense management, VAT filing, bookkeeping, and financial planning.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>Resilience ,Compliance, fraud protection, and proactive financial risk management.<\/strong><\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">\u00a0<strong>Strategic Growth<\/strong> :Unlocking new opportunities through smarter financial governance.<\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left;\">At its core, <strong>Nqoodlet\u2019s<\/strong> mission is not just to manage money \u2014 it\u2019s to give businesses the clarity, control, and confidence to scale faster, stress less, and succeed bigger.<\/p>\n<p dir=\"ltr\"><strong>Yasser Alghamdi, Chief Investment Officer of Waad Investment said:\u00a0<\/strong><\/p>\n<blockquote>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cWe chose to lead Nqoodlet\u2019s seed round because we believe they are not just building a product \u2014 they are building an entirely new future for financial technolog&#8221;.<\/p>\n<\/blockquote>\n<p dir=\"ltr\" style=\"text-align: left;\">Under the leadership of<strong> Mohamed Milyani<\/strong> and<strong> Yara Ghouth<\/strong>, the <strong>Nqoodlet team<\/strong> has successfully transformed the everyday challenges faced by <strong>SMEs<\/strong> into smart, advanced, and easy-to-use solutions.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">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.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Today, <strong>Nqoodlet<\/strong> is on its way to becoming the leading innovator in the region, and we are excited to be part of this game-changing journey.<\/p>\n<h2 dir=\"ltr\" style=\"text-align: left;\">What\u2019s Next for Nqoodlet?<\/h2>\n<p dir=\"ltr\" style=\"text-align: left;\"><strong>With this new investment, Nqoodlet will:<\/strong><\/p>\n<ul>\n<li dir=\"ltr\" style=\"text-align: left;\">Expand its banking infrastructure across Saudi Arabia and the wider Gulf.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">\u00a0Launch new product modules, including open banking integrations, automated tax reporting, and advanced financial planning tools.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">\u00a0Accelerate partnerships with banks, telecom providers, and SME ecosystem players.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">Invest in top regional talent across technology, finance, and customer success.<\/li>\n<li dir=\"ltr\" style=\"text-align: left;\">Double down on its mission to make financial operations effortless for SMEs.<\/li>\n<\/ul>\n<p dir=\"ltr\"><strong>Yara Ghouth, Co-founder of Nqoodlet said:\u00a0<\/strong><\/p>\n<blockquote>\n<p dir=\"ltr\" style=\"text-align: left;\">\u201cThis isn\u2019t just a funding round, It\u2019s a statement: GCC is ready for the next generation of fintech, and we\u2019re paving the way&#8221;.<\/p>\n<\/blockquote>\n<p dir=\"ltr\" style=\"text-align: left;\">She Said:&#8221;We\u2019re here to make sure every business \u2014 from the smallest startup to the fastest-scaling <strong>SME<\/strong> \u2014 has access to <strong>financial<\/strong> tools that are fast, <strong>intuitive<\/strong>, and<strong> built for growth<\/strong>.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nqoodlet, the Saudi-based fintech platform revolutionizing SME financial management, has announced the successful close of its $3 million seed round.<\/p>\n","protected":false},"author":11,"featured_media":43363,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[7927,7930,5715,7926,7928,7929,7925,7931],"class_list":["post-43362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-500-sanabil-investment","tag-mohamed-milyani","tag-nqoodlet","tag-omantel","tag-oqal","tag-seed-holding","tag-waad-investments","tag-yara-ghouth"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/43362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=43362"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/43362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/43363"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=43362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=43362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=43362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}