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Nqoodlet, a Saudi-based fintech platform, has secured $3 million in seed funding to enhance financial management for SMEs in the Middle East. Founded by Mohamed Milyani and Yara Ghouth, the platform offers smart corporate cards, real-time expense tracking, and financial automation, aiming to streamline operations for over 600 SMEs. The investment will facilitate expansion across the Gulf, new product launches, and partnerships, positioning Nqoodlet as a leader in the region's fintech landscape.
Saudi fintech firm Nqoodlet has secured $3 million in seed funding led by Waad Investments, with participation from OmanTel and others. The platform, founded by Mohamed Milyani and Yara Ghouth, provides financial management tools for SMEs in Saudi Arabia and the GCC, enhancing operational speed by 80% and achieving significant cost savings. The investment will support Nqoodlet's expansion of banking infrastructure and product features, aligning with Saudi Arabia's Vision 2030 goals to boost SME financial inclusion.
Yara Ghouth
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Nqoodlet secures 3 million dollars to enhance SME financial management in GCC
03:12 05.05.2025
Saudi fintech firm Nqoodlet secures 3 million dollars in seed funding
02:50 05.05.2025
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