Nqoodlet Closes $3 Million Investment Round

Fundraising News
09.05.2025 06:55 am

We’re proud to announce that Nqoodlet has successfully closed a $3 million seed funding round, led by Waad Investment, with participation from OmanTel, 500 Sanabil Investment, Oqal, Seed Holding Company and several strategic angel investors who share our vision of building a more efficient and agile financial future across the region.

From day one, our mission has been clear: to simplify financial operations for small and medium-sized enterprises (SMEs) across Saudi Arabia and the broader MENA region. In a world where operational complexity continues to rise, we chose to build an integrated financial operating system that enables entrepreneurs to focus on growth—not on daily financial tasks.

Through this funding, Nqoodlet aims to accelerate its growth in the fintech sector by advancing product development, expanding its customer base, and strengthening its regional footprint. The company emphasized that the investment will play a pivotal role in supporting its strategic plans in the coming period, with a strong focus on innovation and delivering secure, practical financial solutions for startups and mid-sized businesses.

“We chose to lead Nqoodlet’s seed round because we believe they are not just building a product — they are building an entirely new future for financial technology. Under the leadership of Mohamed Milyani and Yara Ghouth, the Nqoodlet team has successfully transformed the everyday challenges faced by SMEs into smart, advanced, and easy-to-use solutions.
Their strong focus on product excellence, combined with their seamless integration of technology into financial operations, perfectly reflects the type of companies we seek to support. Today, Nqoodlet is on its way to becoming the leading innovator in the region, and we are excited to be part of this game-changing journey.”
— Yasser Alghamdi, Chief Investment Officer of Waad Investment