Weekly Startup Ecosystem Overview in the Middle East and North Africa (MENA) / April 26 – May 2

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Last week, there were 2 startup investments in the MENA between April 26 – May 2:


1 Oman, 1 Kingdom of Saudi Arabia (KSA)

Sectors Received Investments:

1 Marketplace

1 Financial Services

News of the Week

🎯 B2B marketplace Bon Plus raised funding.

Bon Plus, a SaaS-enabled B2B marketplace that specialises in digital solutions that streamline supplier operations and consolidate business transactions into a single invoice, has raised an investment in Seed funding round from Omantel and angel investors.

Transaction Type: Investment

Investors: Omantel, angel investors

Co-founders: Qais Al Jedyani, Ahmed Al Ojaili

Headquarters: Oman

🎯 Financial services company Abyan Capital raised $18 million.

Abyan Capital, a financial services company that provides an automated solution and portfolio management for long-term investments, has raised $18 million in Series A funding round. The investment round was led by STV, with participation from Wa’ed Ventures and RZM Investment.

Transaction Type: Investment

Investors: STV, Wa’ed Ventures, RZM Investment

Co-founders: Abdullah Aljeraiwi, Omar Almania, Saleh Alaqeel

Headquarters: Kingdom of Saudi Arabia (KSA)

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