Rime offers a SaaS-based platform designed for retail businesses and F&B brands to streamline in-store operations, enhance customer experience, and improve workforce efficiency. Leveraging AI and IoT technologies, the platform provides real-time monitoring, actionable insights, and automated task generation to simplify complex operational challenges. By digitizing processes and improving operational transparency, Rime helps brick-and-mortar businesses reduce operational costs, mitigate fines and compliance risks, and adapt to evolving market demands while driving revenue growth.
Fund II
Own is a digital platform licensed by the Real Estate General Authority (REGA) that is built around WhatsApp integration, empowering agents with customer-centric tools and facilitating collaboration among them. The platform embraces a model that connects a broad network of agents who are compensated on a commission basis. Own empowers agents with exclusive access to proprietary deals, demand generation activities, and a comprehensive toolkit that enhances operational efficiency and fosters seamless collaboration among agents. For clients, it offers a simplified home-buying journey, with effortless communication facilitated by WhatsApp integration, ensuring a smooth and seamless experience from start to finish.
Pieship is transforming delivery services in e-commerce by leveraging the power of crowdsourced delivery to meet the demands of a rapidly growing market. With Saudi Arabia recording 35m incoming e-commerce shipments and 190m orders delivered via delivery applications in 2022, Pieship is capitalizing on this surging demand by providing customers with greater flexibility, such as the ability to choose specific delivery time windows, ensuring a seamless and convenient delivery experience. Additionally, Pieship provides brands with a cost-efficient solution for managing scheduled deliveries, solidifying its position as a key enabler in the Kingdom’s thriving e-commerce ecosystem.
Spare is an open banking platform designed to connect businesses directly with banks, enabling access to customer data (retail and corporate) and facilitating transactions through a single API. Spare’s product includes APIs for account information, analytics, and payment initiation, with connections to major banks in covered markets. Spare has managed to secure regulatory approvals in Saudi Arabia and Bahrain. In Kuwait, despite the absence of open banking regulations, Spare has successfully convinced the Central Bank of Kuwait to set up a special open banking initiative, making it the first licensed fintech company in the country.
Rize is a PropTech platform transforming rental payments for both residential and commercial properties. With it’s “Rent Now, Pay Later” service, Rize allows tenants to split their annual rent into manageable installments, which benefits both renters, who can better manage their rental budgets, and landlords, who can reach a larger consumer base and receive their yearly rental payment in advance. By enhancing affordability and flexibility, Rize inherently boosts occupancy rates across the rental market.