Saudi Fintech Startup Nqoodlet Raises $3 Million for Next Gen Financial Solutions

Nqoodlet, a fintech startup based in Saudi Arabia, has raised $3 million in a seed funding round aimed at transforming financial operations for small and medium sized enterprises (SMEs) across the Gulf Cooperation Council (GCC) region.

The investment round was led by Waad Investments, with participation from Omantel, 500 Sanabil Investment, Oqal Angel Investors Network, Seed Holding, and other strategic investors.

Founded in 2021 by Mohamed Milyani and Yara Ghouth, Nqoodlet provides an integrated digital platform designed to streamline financial management for SMEs.

Nqoodlet Secures Seed Funding to Drive Financial Innovation for GCC SMEs

The platform offers a range of services, including smart corporate cards, real time expense tracking, automated VAT filing, and financial planning tools, helping businesses manage their finances more efficiently and transparently.

The newly secured funding will be used to accelerate product development, expand Nqoodlet’s presence in Saudi Arabia and the broader MENA region, and enhance its infrastructure to meet the growing demand for digital financial solutions among SMEs.

As the need for modern financial tools in the region continues to rise, Nqoodlet is well positioned to play a key role in supporting SMEs.

With over 600 businesses already using its platform, Nqoodlet is set to further expand its reach and impact within the GCC region.

Kaynak: https://www.techinasia.com/news/saudi-fintech-firm-nqoodlet-raises-3m-seed-funding