Latest news with #TarmeezCapital
CairoScene
4 days ago
- Business
- CairoScene
Saudi Fintech Tarmeez Capital Raises Funds to Expand Sukuk Services
The funding aligns with stc group's broader strategy to expand its digital finance footprint and back high-growth platforms that enhance capital accessibility in the Kingdom. Jul 13, 2025 Saudi-based fintech Tarmeez Capital has secured its first institutional capital injection, marking a key milestone in the company's efforts to scale its Sharia-compliant sukuk and debt instrument offerings. The funding aligns with stc group's broader strategy to expand its digital finance footprint and back high-growth platforms that enhance capital accessibility in the Kingdom. Tarmeez Capital has quickly emerged as one of the most active players in Saudi Arabia's fintech landscape, amassing over 180,000 users and facilitating more than SR 2 billion in sukuk and digital debt financing. The company offers end-to-end digital services and claims its issuance process is seven times faster than traditional channels. This investment comes at a pivotal time for the Kingdom's debt markets. In 2024, Saudi Arabia's corporate debt market grew to SAR 140 billion, while sukuk and bond issuances via CMA-licensed digital platforms rose to SR 3.5 billion - a 127.36% increase year-on-year. With a product suite aimed at both institutional and retail investors, Tarmeez Capital has grown its sukuk issuance activity by 459% over the past year. The latest funding round is expected to help the company meet growing demand and further accelerate the digitisation of sukuk in line with Saudi Vision 2030's capital market ambitions.
Arab News
5 days ago
- Business
- Arab News
Startup Wrap — Saudi Arabia leads MENA startup activity as UAE crowns new unicorn
RIYADH: Saudi Arabia continued to dominate startup momentum while the UAE saw a new unicorn emerging amid mixed funding trends across the region at the beginning of July. Digital freight platform TruKKer, headquartered in the Kingdom, has raised $15 million in private credit investment from Ruya Partners through its Ruya Private Capital I fund. The funding will be used to support the company's expansion across regional markets, advance its proprietary artificial intelligenceI-enabled logistics platform, and further consolidate its position in the freight tech space. Founded in 2016, TruKKer operates in nine countries and connects over 60,000 transporters with more than 1,200 enterprise clients through its real-time freight marketplace. The new capital follows a $100 million pre-IPO round in 2022 led by Bahrain's Investcorp, signaling continued investor confidence in the platform's scaling potential across the Middle East and North Africa. Tarmeez Capital raises strategic round to accelerate sukuk innovation Saudi fintech startup Tarmeez Capital has raised a strategic round led by Tali Ventures, the corporate venture capital arm of stc group. Launched in 2022 by Nasser Al-Saadoun, Tarmeez Capital aims to democratize sukuk issuance, offering a digital platform that it says can process transactions at seven times the speed of traditional methods. The platform currently supports over 180,000 users and is focused on enhancing access to Islamic financial instruments. The company plans to use the funds to expand its retail sukuk offerings and support Saudi Arabia's Vision 2030 initiative, particularly in driving financial inclusion across the population. Rekaz raises $5m seed round to expand SaaS for service SMBs Riyadh-based Software-as-a-Service company Rekaz has secured $5 million in seed funding to scale its operating system for service-based small and medium-sized businesses. The round was led by COTU Ventures, with participation from Impact46, Shorooq Partners, Numrah Capital, and several angel investors. Founded in 2017 by Abdulrahman Al-Omran and Abdulaziz Al-Kharashi, Rekaz provides an integrated platform that includes scheduling, subscription management, payments, and customer engagement tools for businesses such as gyms, salons, clinics, and home service providers. The company plans to channel the new capital into deepening AI functionality, expanding across the Gulf Cooperation Council markets, and accelerating product development. Jahez Group acquires 76.56% stake in Qatar's Snoonu for $245m Saudi Arabia-listed Jahez Group has signed a definitive agreement to acquire a 76.56 percent stake in Snoonu, a leading Qatari e-commerce and delivery company, for $245 million. The transaction includes $225 million for a 75 percent equity stake in existing shares and a $20 million capital injection for a newly issued 1.56 percent stake. The acquisition marks Jahez's formal entry into the Qatari market and is expected to enhance operational synergies across logistics, on-demand delivery, and e-commerce across the GCC. Snoonu, now valued at over $300 million, will continue to operate under its own brand, led by founder and CEO Hamad Al-Hajjri, who retains a 23.44 percent stake in the company. Huspy raises $59m series B to expand in Europe and Saudi Arabia UAE and Spain-based property tech platform Huspy has raised $59 million in a series B round led by Balderton Capital, with participation from Peak XV, ExBorder Partners, and Turmeric Capital, as well as BY Ventures, Dara Management, and KE Partners. The company plans to expand into six new cities in Spain and launch operations in Saudi Arabia in 2025. Founded in 2020 by Jad Antoun and Khalid Ashmawy, Huspy facilitates over $7 billion in annual real estate transactions across its markets. It supports real estate agents and mortgage brokers with a suite of digital tools, offering high commissions and automation in property transactions. The round represents a reaffirmation of confidence by previous investors Balderton Capital and Peak XV. XPANCEO raises $250m to achieve unicorn status UAE-based deep tech company XPANCEO has raised $250 million in series A funding at a valuation of $1.35 billion, according to a press release. The round was led by Opportunity Venture, which also led the company's $40 million seed round. XPANCEO is developing a multifunctional smart contact lens that integrates augmented reality, health monitoring, night vision, and optical zoom into a lens thinner than a human hair. The funding will accelerate commercialization efforts, global expansion of R&D and product teams, and regulatory and pilot testing. The company, founded by physicist Valentyn Volkov and Roman Axelrod, is aiming to replace multiple personal devices with a single wearable form factor. BlueFive Capital closes founding round at $120m valuation UAE-based investment firm BlueFive Capital has completed its Founding Shareholders Circle round, achieving a valuation of $120 million. The round attracted 25 founding shareholders, including members of prominent GCC royal families, global institutional investors, and financial leaders from North America, Europe, and Asia, according to a statement. Founded in late 2024 by former Investcorp co-CEO Hazem Ben-Gacem, the firm has already amassed $650 million in assets under management. BlueFive Capital aims to connect institutional capital with high-growth, underrepresented markets, with a global presence across London, Abu Dhabi, and Riyadh, as well as Singapore and Beijing. Icogz raises $1.4m pre-seed to enhance AI-driven BI platform UAE-based business intelligence startup icogz has raised $1.4 million in pre-seed funding from angel investors in the UAE and India. Founded in 2018 by Amit Tripathi and Vrutika Dawda, the platform uses proprietary algorithms to mine intelligence from corporate data and deliver actionable insights. The company plans to use the capital to further develop its AI engine, Aryabot, and scale go-to-market efforts across MENA and Southeast Asia. BioSapien extends pre-series A to over $8m Health tech startup BioSapien, based in the UAE and the US, has extended its pre-series A round to over $8 million. The latest funding was led by Globivest, joining existing backers Global Ventures, Golden Gate Ventures, and Dara Holdings. Founded in 2018 by Khatija Ali, BioSapien's flagship product, MediChip, is a 3D-printed, slow-release drug delivery platform that can be affixed to tissue to minimize systemic side effects. The new capital will support R&D, product development, and regulatory expansion. Nawy acquires majority stake in SmartCrowd to expand GCC presence Egypt-based real estate tech startup Nawy has acquired a majority stake in Dubai's SmartCrowd, a regulated fractional property investment platform. The acquisition follows Nawy's recent $52 million series A round and signals the company's entry into the GCC market. SmartCrowd, regulated by the Dubai Financial Services Authority, claims to have facilitated over $110 million in transactions and distributed more than $40 million in investor returns. The acquisition expands Nawy's service offerings to include fractional ownership and positions the company as a full-stack proptech platform for the MENA region. Startup funding in MENA falls 82% in June amid investor caution Startup funding across the MENA region fell sharply in June, dropping 82 percent month on month to $52 million across 37 deals. The figure also marks a 55 percent decline compared to June 2024. Notably, 40 percent of the capital came through debt instruments, reflecting cautious investor sentiment amid global macroeconomic uncertainty, according to Wamda's monthly report. The UAE reclaimed its position as the region's top-funded market, with 13 startups raising $37 million — over 70 percent of total capital. Egypt, which led in May, dropped to second with $6.2 million raised across six deals. Tunisia followed, buoyed by a single $3.5 million seed round for water tech startup Kumulus. Saudi Arabia saw a dip, raising only $3 million across six deals. Fintech remained the leading sector, accounting for 74 percent of total capital across 10 deals. Clean tech followed due to the Kumulus deal, while Web3 attracted $2 million across two rounds. Seed stage startups led early-stage activity, raising $10.6 million, while pre-seed rounds totaled $5 million. Only one series A deal was recorded, worth $100,000. Startups with B2B models secured 78 percent of funding, while B2B2C and B2C startups lagged. Mixed-gender founding teams captured 45 percent of capital but accounted for only four deals. Women-led startups raised just $223,200.
Fintech News ME
7 days ago
- Business
- Fintech News ME
Tali Ventures Invests in Tarmeez Capital to Support Sukuk Market Growth
Tali Ventures, the corporate venture capital arm of stc group, has led a strategic funding round in Tarmeez Capital, a fintech company specialising in sukuk and debt instruments in Saudi Arabia. The investment marks Tarmeez Capital's transition from a self-funded business to one backed by a major national investor and supports stc group's broader strategy to invest in digital platforms contributing to the Kingdom's financial infrastructure. Tarmeez Capital, licensed by the Capital Market Authority (CMA), offers digital financing solutions across multiple sectors. Its Sharia-compliant sukuk products are available to both institutional and retail investors. The company has facilitated financing programmes exceeding SAR 2 billion and serves more than 180,000 users. Over the past year, sukuk issuances grew by 459%, supported by the firm's proprietary technology, which enables faster issuance processes compared to traditional channels. The investment follows significant growth in Saudi Arabia's corporate debt market, which reached SAR 140 billion in 2024. Digital platforms licensed by the CMA accounted for SAR 3.5 billion in issuances, a 127.36% increase year-on-year, with the total number of issuances rising 317.62% to 4,527. Majed Al Jarboua, General Manager of Corporate Fund and Entrepreneurship at stc group, stated: 'Tarmeez Capital is gaining ground in a sector that's becoming central to how companies access capital in Saudi Arabia. stc group is proud to back a homegrown fintech pushing the boundaries of digital finance. This investment marks a strategic step in scaling the next generation of financial infrastructure.' Nasser Al-Saadoun, Founder and CEO of Tarmeez Capital, commented: 'We're glad to partner with stc group, whose vision aligns with ours in advancing innovative, Sharia-compliant financial solutions. We're also grateful to the Capital Market Authority for fostering an environment where fintechs can thrive, and to our exceptional team for their continued dedication and drive.' Tarmeez Capital has facilitated financing in sectors such as industrial services and real estate. Red Sea International secured Sharia-compliant capital through the platform to fulfil contracts with Baker Hughes and Red Sea Global. The funding supported prefabricated infrastructure deployment in the Eastern Region. In the housing sector, RASF Real Estate Development is using sukuk financing for the Deem project in Al Khobar, a townhouse development targeting the Kingdom's growing middle class. Tarmeez Capital's platform also provides retail access to sukuk, contributing to broader financial inclusion and aligning with demand for ethical and ESG-compliant investment products, particularly among younger and underserved investor groups. The development supports the objectives of Vision 2030 to expand access to capital markets and promote sustainable economic growth.
Wamda
09-07-2025
- Business
- Wamda
Saudi fintech Tarmeez Capital raises strategic round from Tali Ventures
Saudi Arabia-based sukuk fintech Tarmeez Capital has raised a strategic funding round led by Tali Ventures, the corporate VC arm of stc group. Founded in 2022 by Nasser Alsaadoun, the platform streamlines sukuk issuance at 7x the speed of traditional methods, supporting over 180,000 users with accessible Islamic finance. Tarmeez Capital plans to scale its platform, expand retail sukuk access, and support Vision 2030 financial inclusion goals. Press release: Tali Ventures, the corporate venture capital arm of stc group, has led a strategic funding round in Tarmeez Capital, one of Saudi's fastest growing fintech players in the sukuk and debt instruments space – an area playing an increasingly vital role in deepening the Kingdom's capital markets. This milestone marks the company's transition from a successfully bootstrapped venture to one backed by a major national investor. The investment supports stc group's broader strategy to back high-growth digital platforms shaping the future of finance and strengthen the Kingdom's financial ecosystem. Tarmeez Capital, licensed by the Capital Market Authority (CMA), provides end-to-end digital financing services for companies across various sectors. Its Sharia-compliant sukuk products are accessible to both institutional and retail investors. To date, the Company has facilitated over SAR 2 billion in financing programs and has opened access to over 180,000 users. Over the last year alone, it has grown sukuk issuances by 459 percent. Through leveraging technology, Tarmeez Capital seamlessly connects finance-seeking businesses with purpose-driven investors. The Company's proprietary technology and data analytics enable them to streamline Sukuk issuance seven times faster than other traditional channels benefiting businesses and investors alike. The investment comes at a time of rapid expansion in Saudi Arabia's corporate debt market, which reached SAR 140 billion in 2024. Issuances via CMA-licensed digital platforms surged to SAR 3.5 billion, up 127.36% year-on-year, with the number of issuances rising to 4,527, a 317.62% increase from 2023. stc group's backing is expected to support Tarmeez Capital's continued growth, helping it scale its offering and deliver cutting-edge financial solutions across the market. Majed Al Jarboua, General Manager of Corporate Fund and Entrepreneurship at stc group, stated: 'Tarmeez Capital is gaining ground in a sector that's becoming central to how companies access capital in Saudi Arabia. stc group is proud to back a homegrown fintech pushing the boundaries of digital finance. This investment marks a strategic step in scaling the next generation of financial infrastructure.' Nasser Al-Saadoun, Founder and CEO of Tarmeez Capital, commented: 'This investment marks a pivotal milestone for Tarmeez Capital as we scale our offerings in the sukuk and debt market. We're glad to partner with stc group, whose vision aligns with ours in advancing innovative, Sharia-compliant financial solutions. We're also grateful to the Capital Market Authority for fostering an environment where fintechs can thrive, and to our exceptional team for their continued dedication and drive.' In construction and industrial services, Red Sea International has accessed Sharia-compliant capital via Tarmeez to fulfil contracts for Baker Hughes and Red Sea Global. The funds support the design and deployment of prefabricated facilities critical to the Eastern Region's infrastructure buildout. 'Tarmeez's digital issuance model and access to flexible, diverse funding sources enabled us to mobilise quickly and meet tight project timelines while maintaining our regulatory obligations,' as stated by Ghassan Alashkar, Acting CEO of Red Sea International. In housing and urban development, RASF Real Estate Development is deploying sukuk financing for the Deem project in Al Khobar, a contemporary townhouse complex aimed at the Kingdom's growing middle class. 'Flexible, fast access to capital means we can respond to housing demand in real time,' said Ahmed Al Sayyari, CEO of RASF. 'This model allows us to focus on delivering communities that reflect the lifestyle aspirations of today's Saudis.' By opening sukuk to retail investors, Tarmeez Capital is making ethical, Sharia-compliant finance more accessible. This aligns with growing demand for ESG-aligned investments, particularly among younger and underserved investors, and supports Saudi Arabia's Vision 2030 goals for financial inclusion and sustainable growth. 'Tarmeez Capital is positioned to play a leading role in the Kingdom's journey to expand the sukuk and debt market to SAR 954 billion by 2030. Looking ahead, our focus is on scaling our platform, deepening market participation, and contributing to the Kingdom's vision of a dynamic, inclusive, and globally competitive financial sector.', Nasser Al-Saadoun, Founder and CEO of Tarmeez Capital, added.
Zawya
08-07-2025
- Business
- Zawya
Saudi Stc Group's venture capital arm invests in Tarmeez Capital
Saudi Arabia's STC Group's venture capital arm, Tali Ventures, has invested in Tarmeez Capital, a fintech platform specializing in sukuk and debt instruments. Tarmeez Capital CEO Nasser Alsaadoun said the investment will enable the company to scale its offerings in the sukuk and debt markets. To date, Tarmeez has facilitated over 2 billion riyals ($ 533 million) in Sharia-compliant financing. The financial details of the investment were not disclosed. Last year, Tali Ventures, which focuses on strategic investments in high-growth companies from early to late stages, led a USD 10 million investment in NorthLadder, a leading device trade-in platform. Saudi Arabia aims to expand its sukuk and debt market to SAR 954 billion by 2030, according to the Capital Market Authority. (Writing by Brinda Darasha; editing by Seban Scaria)
