Lawazem: Transforming B2B procurement
The company has served more than 100 organizations, growing 150% on a quarterly basis. Consumers nowadays have adapted e-commerce as part of their shopping routine, as evidenced by more than 70% of Saudis shopping online, according to a recent report by CITC. This is mainly due to the affordability, convenience, and speed of e-commerce platforms. […]
Arib: Enabling digital loans
The company has digitally brokered more than SAR 150 million in loans, providing borrowers unprecedented access, transparency, and convenience. For most of us, acquiring a loan to purchase a big-ticket item, a car, or a home, remains to be one of the most impactful decisions of our lives. Many find that process challenging as it […]
Master Works: turning data into assets
The B2B size of the Saudi ICT market is SAR 30 Billion with a CAGR of 7% for the next five years. Data management, strategy, and governance will be core to the sector’s future and the Kingdom’s technology foundation. Master Works was founded in 2010 by Hani Al-Lehaibi and Bandar Al-Amri in Riyadh, Saudi Arabia, […]
Qoyod: Accounting and Beyond
We are happy to announce our investment in Qoyod, the Saudi-based SaaS accounting platform. The investment round of $2.1M is led by Merak Capital with participation from other investors. Our thesis is built on market dynamics, growth factors, and solid execution by Qoyod’s team in building one of the best home-grown SaaS platforms in the […]
Merak Capital launches its operations as a CMA licensed technology investment firm in the Kingdom
Merak Capital is an asset management firm licensed by the Capital Market Authority of Saudi Arabia, focused on technology investments across different asset classes (license no. 18194-32). 19 July 2020; Riyadh, Saudi Arabia: Merak Capital has formally launched its operations from the Kingdom of Saudi Arabia under the Capital Market Authority license. The firm is […]
