Latest news with #FeesableTechnologies
CairoScene
8 hours ago
- Business
- CairoScene
Sanabil Accelerator by 500 Global Unveils Latest Startup Cohort
Sanabil Accelerator by 500 Global Unveils Latest Startup Cohort 500 Global and Sanabil Investments announce the ninth cohort of the Sanabil Accelerator, spotlighting nine high-growth startups in AI, Fintech, SaaS, and more, ahead of a Demo Day in Riyadh. 500 Global, the multi-stage venture capital firm, and Sanabil Investments, a financial investment company owned by Saudi Arabia's Public Investment Fund (PIF), have announced the ninth edition of the Sanabil Accelerator. The new cohort features nine startups selected from over 850 applicants, all chosen for their potential to address market gaps and scale innovation across key sectors including AI, Fintech, Edtech, SaaS, Climate Tech, and Proptech. Demo Day for the ninth batch will take place on Wednesday, July 2nd, 2025, at Sanabil Hub in Riyadh, where founders will pitch their ventures to a curated group from the regional venture capital community. The accelerator has so far supported 98 startups, and the current edition introduces a more personalised 12-week experience, designed to help participating companies scale more efficiently. The selected startups include CarbonSifr, an AI sustainability platform; Endl, a stablecoin-powered cross-border payment system; and Feesable Technologies, which helps SMEs access upfront cash for unpaid invoices. Also part of the cohort are LIVSHO, a real-time live shopping marketplace; Raff, a distribution and inventory management platform for sellers and retailers; and ReMatch, which allows real estate agents to collaborate on listings to close otherwise lost deals. Other participants include Schedex, a workforce optimisation platform for F&B businesses; TwentyToo, a demand forecasting and pricing strategy tool for retailers; and Vennre, a wealth platform offering high earners access to private market investments. 'Since the inception of the accelerator program we have focused on investing and supporting founders that are aiming to disrupt the norms in the sectors and markets they operate in," said Amal Dokhan, Managing Partner at 500 Global MENA. "As we progress in our batches, we see a better understanding from founders of the challenges regional and global markets face, as well as a deeper focus on developing the solutions they create to be more user-centered." With Batch 9 concluding in July, applications are now open for the tenth cohort. Startups across the MENA region are invited to apply and join a growing community of founders shaping the future of innovation in the region.
Business Wire
14 hours ago
- Business
- Business Wire
500 Global and Sanabil Investments Announce Batch 9 of the Sanabil Accelerator by 500 Global
RIYADH, Saudi Arabia--(BUSINESS WIRE)--500 Global, a multi-stage venture capital firm, and Sanabil Investments, a financial investment company wholly owned by the Public Investment Fund (PIF), announce the ninth batch of the Sanabil Accelerator by 500 Global. This new cohort aims to foster innovation and drive growth across various sectors, including AI, Fintech, Edtech, Climate Tech, SaaS, and Proptech. Out of 850+ applications received, nine promising companies have been selected for their potential to drive innovation and address critical market needs. Demo Day will take place on Wednesday, July 2, 2025, at Sanabil Hub in Riyadh, with a curated group from the venture capitalist community in attendance. Building on the success of past batches and the acceleration of 98 startups, the program continues to evolve. This year's program included new elements designed to provide a more personalized and focused experience throughout the 12-week journey, helping startups leapfrog and scale. 'Since the inception of the accelerator program we have focused on investing and supporting founders that are aiming to disrupt the norms in the sectors and markets they operate in. As we progress in our batches, we see a better understanding from founders of the challenges regional and global markets face, as well as a deeper focus on developing the solutions they create to be more user-centered. We believe that this evolution of market expertise, paired with improved access to technical expertise and resources, has poised these founders with the unique potential to help build startups ready to scale. We are very honored to have every founder in this batch and can't wait to see them thrive and grow,' said Amal Dokhan, Managing Partner at 500 Global MENA. 'Our leadership within the venture capital community is reinforced as more entrepreneurs apply to Sanabil Accelerator by 500 Global than ever before, seeking support to develop their ideas and achieve success in Saudi Arabia and abroad. We are attracting and enabling the brightest minds and best technologies that are improving people's lives worldwide, fortifying the economy, and making the world a better place for all. We can't wait to show the region and the world this next wave of innovators, thinkers, and builders,' said a spokesperson at Sanabil Investments. The following is the list of Batch 9 companies that have made it through to the final round: CarbonSifr – AI sustainability platform enabling businesses to easily measure and reduce their emissions. Endl – A stablecoin powered cross border payment platform with instant settlement and minimal fees. Feesable Technologies – Gives SMEs upfront cash for unpaid invoices with same-day credit decisions. LIVSHO – A live-shopping marketplace where sellers auction products in real-time livestreams, turning viewers into instant buyers. Raff – Bridges the gap between sellers and retailers, offering a single platform that simplifies offline/online distribution and inventory management ReMatch – Enables real estate agents to share their buyers and listings with each other to turn lost deals into closed ones. Schedex – A workforce management tool that cuts labor costs for F&B businesses by up to 15%. TwentyToo – Enables retailers to anticipate market demand and optimize pricing strategies by analyzing real -time performance data across millions of SKUs. Vennre – A wealth creation platform that gives high-earners access to private market investments, previously reserved for institutional investors. With the ninth program group concluding in July, applications for the tenth cohort are open. Startups from across the MENA region are invited to join a growing community of ambitious founders shaping the future of innovation in the region. Apply here. About 500 Global 500 Global is a multi-stage venture capital firm with $2.3B in assets under management as of May 2025 that invests in founders building fast-growing technology companies. We focus on markets where technology, innovation, and capital can unlock long-term value and drive economic growth. We work closely with key stakeholders and advise governments on how best to support entrepreneurial ecosystems so startups can thrive. 500 Global has backed over 5,000 founders representing more than 3,000+ companies operating in 80+ countries. We have invested in more than 35+ companies valued at over $1 billion and 160+ companies valued at over $100 million (including private, public, and excited companies). Our 160+ team members are located in 20 countries and bring experience as entrepreneurs, investors, and operators from some of the world's leading technology companies. About Sanabil Investments Sanabil is a financial investment company wholly owned by the Public Investment Fund (PIF). We commit more than USD 3 billion in capital annually into global private investments, including VC/growth and small buyout assets. We are a dynamic, nimble, and highly experienced team of investment professionals. We provide partners with patient capital, the ability to invest across multiple funding rounds, and access to the region. At Sanabil, we invest in great ideas, minds, and companies. For more information, please visit DEMO DAY IS AN INVITATION-ONLY EVENT AND THE INTENDED AUDIENCE FOR THIS EVENT IS LIMITED TO "ACCREDITED INVESTORS" AS DEFINED IN REGULATION D UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MEMBERS OF THE PRESS. ALL CONTENT PROVIDED IN THE EVENT IS PROVIDED FOR GENERAL INFORMATIONAL OR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSTRUED AS INVESTMENT, LEGAL, TAX OR ACCOUNTING ADVICE BY 500 GLOBAL OR ANY OF ITS AFFILIATES OR AS AN OFFER TO SELL OR SOLICITATION OF INTEREST TO PURCHASE ANY SECURITIES. NO CONTENT OR INFORMATION CONTAINED IN THE EVENT IS OR IS INTENDED AS AN OFFER TO PROVIDE ANY INVESTMENT ADVISORY SERVICE OR FINANCIAL ADVICE BY 500 GLOBAL. 500 GLOBAL MAKES NO REPRESENTATIONS AS TO THE ACCURACY OR INFORMATION CONTAINED IN THIS DEMO DAY AND NO LIABILITY CAN BE ACCEPTED FOR ANY ERROR OR OMISSIONS. UNDER NO CIRCUMSTANCES SHOULD ANY CONTENT HEREIN OR IN THE EVENT BE CONSTRUED AS FUND MARKETING MATERIALS BY PROSPECTIVE INVESTORS CONSIDERING AN INVESTMENT INTO ANY 500 GLOBAL INVESTMENT FUND. INCLUSION AS A PRESENTING COMPANY IN DEMO DAY DOES NOT NECESSARILY CONFIRM INVESTMENT BY A 500 GLOBAL FUND IN SUCH COMPANY. 500 GLOBAL HAS NOT TAKEN ANY ACTIONS TO QUALIFY THE DISTRIBUTION OF THE EVENT UNDER THE SECURITIES LAWS OF ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED. PERSONS OUTSIDE OF THE UNITED STATES WHO VIEW THE EVENT MUST OBSERVE ANY APPLICABLE LAWS AND RESTRICTIONS RELATING TO VIEWING THIS EVENT AND ANY RELATED ACTIVITIES OUTSIDE OF THE UNITED STATES.
