Latest news with #Unipal
Biz Bahrain
01-05-2025
- Business
- Biz Bahrain
Unipal Wins Startup of the Year at 2025 Excellence Awards
Unipal, the biggest youth platform in the region, has been honoured with the prestigious Mastercard Startup of the Year 2025 award during the Startups and SMEs Excellence Awards. This recognition reflects Unipal's outstanding contribution to empowering the youth community by providing exclusive offers and discounts that deliver tangible value. The award was presented to Mr. Ali Alalawi, CEO of Unipal, at a distinguished event held at the Gulf Convention Centre, Gulf Hotel Bahrain. The ceremony was organised in collaboration with the Labour Fund (Tamkeen), Mastercard, Bahrain Development Bank, and KPMG Bahrain, and supported by a host of strategic partners committed to nurturing Bahrain's entrepreneurial ecosystem. The ceremony was graced by the presence of distinguished officials, leading entrepreneurs, and influential investors. It recognised startups and SMEs that have excelled in innovation, demonstrated outstanding creativity, and adopted forward-looking practices that promote sustainable growth. 'Receiving the Startup of the Year award is a proud milestone for all of us at Unipal. It stands as a testament to the continued dedication and hard work of our team, whose drive to create meaningful value for youth remains at the heart of our mission. This recognition inspires us to deepen our impact, broaden our service offerings, and further enrich the youth journey.' commented Mr. Ali Alalawi. Unipal has established itself as a leading platform in the region, dedicated to enhancing youth life by providing access to an extensive array of exclusive offers. The platform currently offers over 500 local discounts and more than 150,000 global discounts across various sectors, including food and beverage, retail, education, and entertainment.
Daily Tribune
12-02-2025
- Business
- Daily Tribune
Unipal closes Pre-Series A round to further fuel its growth across Saudi Arabia
Unipal, the biggest youth benefits platform in the region, successfully raised its Pre-Series A investment round. The round was led by Plus VC with participation from Al Jazira Capital, RZM Investments, Falak Angels, Doha Tech Angels and other prominent angel investors. Unipal connects brands to the most important customer base, the youth, through a personalized experience in its innovative App. Since its launch in 2020, Unipal created a strong foothold in Bahrain, with 98% of the student population registered on the platform. In less than a year of expanding to Riyadh, Unipal grew to 250,000 users and 700 brands. This investment marks a strategic milestone in strengthening Unipal's position as the leading youth benefits provider across the GCC. It marks a step towards Unipal's expansion to officially launch in Jeddah, Madinah, Dammam & Khobar this year. It's also aiming to launch its new App with enhanced algorithms to create a Netflix-like experience for its users. 'We're here to double down on the growth and the investment represents a significant step forward in our goal to become the number one youth platform in the whole region. We're also proud to have prestigious investors who provide both investment and strategic support, believing in Unipal's potential as much as we do.' shared Ali Alalawi, Cofounder of Unipal. Hasan Haider, Managing Partner at Plus VC, said: 'Unipal is a game-changer, redefining how the youth enjoy exclusive discounts and interact with different brands. Their growth trajectory and ability to create value for the youth and businesses make them an outstanding investment opportunity. We believe in supporting ventures that drive tangible benefits for their communities.' Abdulla Alkasabi, CEO of RZM Investment, elaborated on their decision to invest saying 'Unipal has demonstrated remarkable traction in a short period. Their vision aligns with our commitment to investing in innovative solutions that create lasting value.' Adwa Aldakheel, CEO of Falak Investment Hub, said: 'Unipal is more than a discount platform; it's a partner for brands aiming to connect with influential youth, and a supporter of enhancing the daily lives of the youth. This investment reflects our commitment to empowering impactful startups that deliver tangible solutions.' Rawan AlRasheed, Head of Impact Lab at Al Jazira Capital, shared her thoughts: 'We believe Unipal will play a crucial role in advancing financial accessibility for the youth while contributing to the growth of the fintech ecosystem. Our investment reflects our commitment to supporting startups that drive meaningful financial solutions, foster financial inclusion and empower future generations'. This comes as part of Unipal's participation in Bahrain's pavilion, organized and supported by the Labour Fund (Tamkeen), at the annual LEAP Technology Conference, in Riyadh, the Kingdom of Saudi Arabia.
Zawya
11-02-2025
- Business
- Zawya
Unipal closes Pre-Series A round to further fuel its growth across Saudi Arabia
Riyadh, Saudi Arabia: Unipal, the biggest youth benefits platform in the region, successfully raised its Pre-Series A investment round. The round was led by Plus VC with participation from Al Jazira Capital, RZM Investments, Falak Angels, Doha Tech Angels and other prominent angel investors. Unipal connects brands to the most important customer base, the youth, through a personalized experience in its innovative App. Since its launch in 2020, Unipal created a strong foothold in Bahrain, with 98% of the student population registered on the platform. In less than a year of expanding to Riyadh, Unipal grew to 250,000 users and 700 brands. This investment marks a strategic milestone in strengthening Unipal's position as the leading youth benefits provider across the GCC. It marks a step towards Unipal's expansion to officially launch in Jeddah, Madinah, Dammam & Khobar this year. It's also aiming to launch its new App with enhanced algorithms to create a Netflix-like experience for its users. 'We're here to double down on the growth and the investment represents a significant step forward in our goal to become the number one youth platform in the whole region. We're also proud to have prestigious investors who provide both investment and strategic support, believing in Unipal's potential as much as we do.' shared Ali Alalawi, Cofounder of Unipal. Hasan Haider, Managing Partner at Plus VC, said: 'Unipal is a game-changer, redefining how the youth enjoy exclusive discounts and interact with different brands. Their growth trajectory and ability to create value for the youth and businesses make them an outstanding investment opportunity. We believe in supporting ventures that drive tangible benefits for their communities.' Abdulla Alkasabi, CEO of RZM Investment, elaborated on their decision to invest saying 'Unipal has demonstrated remarkable traction in a short period. Their vision aligns with our commitment to investing in innovative solutions that create lasting value.' Adwa Aldakheel, CEO of Falak Investment Hub, said: 'Unipal is more than a discount platform; it's a partner for brands aiming to connect with influential youth, and a supporter of enhancing the daily lives of the youth. This investment reflects our commitment to empowering impactful startups that deliver tangible solutions.' Rawan AlRasheed, Head of Impact Lab at Al Jazira Capital, shared her thoughts: 'We believe Unipal will play a crucial role in advancing financial accessibility for the youth while contributing to the growth of the fintech ecosystem. Our investment reflects our commitment to supporting startups that drive meaningful financial solutions, foster financial inclusion and empower future generations'. This comes as part of Unipal's participation in Bahrain's pavilion, organized and supported by the Labour Fund (Tamkeen), at the annual LEAP Technology Conference, in Riyadh, the Kingdom of Saudi Arabia. About Unipal: Starting in Bahrain in 2020, Unipal today is the gateway to the youth community. With over 250,000 users and 700 local partners across Bahrain and Riyadh as well as 100,000+ global offers, it's positioned itself as the leading youth platform. Unipal covers all categories, from F&B to cinema to healthcare & many more. It has become the core connection between brands and the youth. Unipal's innovative App, incorporates multiple algorithms to create a personalized 'Netflix-like' experience for its users. Unipal is available on the iOS and Google Play stores. For more information on Unipal, please contact: Name: Hessa Aldoseri Title: Marketing Lead Email:
Wamda
11-02-2025
- Business
- Wamda
Unipal closes pre-Series A round to fuel Saudi expansion
Bahrain-born edtech startup Unipal has raised its Pre-Series A investment round for an unknown amount. The round is led by Plus VC with participation from Al Jazira Capital, RZM Investments, Falak Angels, Doha Tech Angels and other angel investors. Founded in 2020 by Ali Alalawi and Ali Al Shaer, Unipal offers an online education application to provide special offers and discounts to university students on a variety of products. This investment is a step towards Unipal's expansion to officially launch in Jeddah, Madinah, Dammam & Khobar this year. It's also aiming to launch its new app with enhanced algorithms to create a Netflix-like experience for its users. In July 2023, Unipal raised a $500,000 follow-on investment from Tenmou and Flat6labs, with participation from GTS and angel investors. Press release: Unipal, the biggest youth benefits platform in the region, successfully raised its Pre-Series A investment round. The round was led by Plus VC with participation from Al Jazira Capital, RZM Investments, Falak Angels, Doha Tech Angels and other prominent angel investors. Unipal connects brands to the most important customer base, the youth, through a personalised experience in its innovative App. Since its launch in 2020, Unipal has created a strong foothold in Bahrain, with 98% of the student population registered on the platform. In less than a year of expanding to Riyadh, Unipal grew to 250,000 users and 700 brands. This investment marks a strategic milestone in strengthening Unipal's position as the leading youth benefits provider across the GCC. It marks a step towards Unipal's expansion to officially launch in Jeddah, Madinah, Dammam & Khobar this year. It's also aiming to launch its new app with enhanced algorithms to create a Netflix-like experience for its users. 'We're here to double down on the growth, and the investment represents a significant step forward in our goal to become the number one youth platform in the whole region. We're also proud to have prestigious investors who provide both investment and strategic support, believing in Unipal's potential as much as we do.' shared Ali Alalawi, co-founder of Unipal. Hasan Haider, Managing Partner at Plus VC, said, 'Unipal is a game-changer, redefining how the youth enjoy exclusive discounts and interact with different brands. Their growth trajectory and ability to create value for the youth and businesses make them an outstanding investment opportunity. We believe in supporting ventures that drive tangible benefits for their communities.' Abdulla Alkasabi, CEO of RZM Investment, elaborated on their decision to invest, saying, 'Unipal has demonstrated remarkable traction in a short period. Their vision aligns with our commitment to investing in innovative solutions that create lasting value.' Adwa Aldakheel, CEO of Falak Investment Hub, said, 'Unipal is more than a discount platform; it's a partner for brands aiming to connect with influential youth and a supporter of enhancing the daily lives of the youth. This investment reflects our commitment to empowering impactful startups that deliver tangible solutions.' Rawan AlRasheed, Head of Impact Lab at Al Jazira Capital, shared her thoughts: 'We believe Unipal will play a crucial role in advancing financial accessibility for the youth while contributing to the growth of the fintech ecosystem. Our investment reflects our commitment to supporting startups that drive meaningful financial solutions, foster financial inclusion and empower future generations.'
