Startups and technology companies announced a combined $56.5M in funding on the third day of LEAP 2026 in Riyadh, with artificial intelligence and fintech among the leading themes.
Saudi platform Rabeh secured $8.5M from a group of angel investors. According to the announcement, it connects entrepreneurs and investors through financing, tokenisation and technology-enabled trading solutions.
Sayara announced a $12M investment from Impact46 to expand its new and used car marketplace across Saudi Arabia. The platform offers online vehicle purchases and delivery services.
Hazen AI raised $8M in a round led by Impact46 to develop artificial intelligence platforms for traffic management and road-risk analysis. Its system combines smart sensors, video processing and software.
HR platform ZenHR secured $6M, also led by Impact46, to develop its AI-powered workforce management products, including compliance, performance and leave-management tools for employers in Saudi Arabia and the wider MENA region.
Abwab AI closed a $4M round led by SpeedInvest. The company builds software for financial institutions managing SME financing portfolios, covering risk analysis and the lending lifecycle.
Nayla Financing raised $18M from Sanabil Studio, Idrisi Ventures, Suhail Ventures and Blominvest. Founded by Shuqran Al-Yahya and Khalid Al-Nayli, the company provides digital financing services for microbusinesses and is expanding its products for Saudi entrepreneurs and small businesses.
Source: Jawlah
