The AmadTech accelerator has announced the 14 startups selected for its first-ever cohort, a strategic initiative designed to bolster Saudi Arabia’s position as a regional hub for financial technology. The program is a partnership between Alinma Bank and Falak Investment Hub, reflecting a concerted private sector effort to support the fintech objectives of Saudi Vision 2030.
A Strategic Push for Innovation
AmadTech’s intensive 12-week program is structured to equip emerging companies with the necessary tools to accelerate growth and secure investment. The curriculum focuses on key areas such as product development, integration of artificial intelligence, navigating complex regulatory landscapes, and preparing founders for effective investor pitching. The inaugural cohort represents a diverse range of sectors, including PropTech, Construction Tech, investment services, payments, insurance, cybersecurity, endowment management, and loyalty programs, underscoring the accelerator’s commitment to fostering innovation across the entire digital financial ecosystem.
The Inaugural Cohort
The first batch features 14 startups providing innovative solutions across vital sectors:
- Raqban: A PropTech solution that enables property owners to collect rent upfront while automating collections from tenants, enhancing cash flow and reducing risk.
- Holool Al Tamweel: A digital platform that streamlines the real estate financing journey by directly connecting buyers with banks, financiers, and developers.
- Sahem: A platform offering fractional real estate investment opportunities, allowing a wider range of investors to own shares in properties with higher liquidity.
- RUSHD: An AI-powered, cloud-based software for the hospitality sector that automates booking management, financial operations, and property distribution to increase efficiency and revenue.
- BinaX: A B2B digital marketplace for construction materials, connecting suppliers with contractors and offering instant pricing, logistics, and flexible financing options like BNPL.
- Netaaj Financial: A Saudi investment firm focused on private equity, venture capital, and alternative assets, providing Sharia-compliant solutions to drive high-growth opportunities.
- Yeseir: An AI-powered financial platform providing individual investors in Saudi Arabia with professional-grade tools, real-time data, and personalized portfolio insights.
- Aliph Pay: A B2B payments platform for SMEs offering instant credit solutions, real-time risk assessment, and AI-driven cash flow forecasting to improve working capital.
- Mohasselah: An AI-powered accounting platform for e-commerce SMEs that automates bookkeeping, cost tracking, and collections, providing real-time profit and loss analysis.
- Vast Group: Develops digital payment solutions using NFC and QR codes to support the Kingdom’s transition to a cashless economy, enabling instant payments and targeted marketing.
- MABIEN: An AI-driven InsurTech company that automates health insurance processes, reducing costs, speeding up claims processing, and ensuring regulatory compliance.
- Sentry: An AI-supported cybersecurity platform that automates threat detection, vulnerability scanning, and incident response for enterprises and government entities.
- Awqef Capital: A FinTech platform that simplifies the management of endowments (Awqaf) for individuals and organizations, digitizing the entire lifecycle from creation to investment tracking.
- FOZ: A digital advertising and coupon platform that connects businesses with consumers through exclusive discounts and smart tools designed to lower marketing costs and build customer loyalty.
About AmadTech
AmadTech is a premier accelerator program in Saudi Arabia launched through a strategic partnership between the leading financial institution Alinma Bank and the institutional investment firm Falak Investment Hub. The program is dedicated to empowering and scaling early-stage technology startups, with a primary focus on FinTech and related sectors, to accelerate the growth of Saudi Arabia’s digital economy in line with Vision 2030.
Source: Rowad Al Aamal
