Revealed: 10 most promising Saudi start-ups to shape the Fourth Industrial Revolution in 2019
The 100 Arab start-ups shaping the future were selected at the World Economic Forum on the Middle East and North Africa, held in Jordan. Saudi Arabia, the largest market in the region, as well as a network of accelerators and government programs to support entrepreneurs grow and scale.
Ajeer is an on-demand platform that connects homeowners and maintenance service providers at competitive prices and high quality. Ajeer aspires to transform the experience of home maintenance and remove the pain of looking for qualified technicians in Saudi Arabia and the Gulf region. Ajeer is working to standardize and organize home maintenance services. DokkanAfkar.com is the leading Saudi-born e-commerce player in the market today. As the market for fashion and tech products was saturated, DokkanAfkar focused its efforts on homegrown products and local entrepreneurs as these small local designers/entrepreneurs found it hard to sell their products on large websites. DokkanAfkar makes it easier for locally designed products to get showcased and be sold on the market. Focused on 3D surveying and mapping through unmanned aerial systems (UAS), FalconViz was founded in 2015, coming out of King Abdullah University of Science & Technology (KAUST). FalconViz designs and produces drones for the construction industry. Its services are extremely useful for construction and real estate industries, topographical survey, corridor survey, urban planning, etc. Its clients include Saudi Aramco, AECOM, Hyder, Jeddah Municipality. Foodics is a cloud-based iPad (POS) retail and restaurant management system for transactions, inventory, employee, scheduling, logistics, delivery, loyalty programmes and e-commerce. HalalaH is a digital banking platform providing innovative payment solutions and seamless banking experience for users both individuals and businesses. HalalaH aims at providing meaningful banking services to unbanked and underbanked individuals and micro, small and medium-sized businesses in Saudi Arabia. HalalaH is one of the fastest growing Financial Technology companies in Saudi Arabia licensed by the Saudi Arabian Monetary Authority (SAMA) and supporting the Saudi Vision 2030 in terms of digitalization and creating a cashless society. Lucidya is an Arabic-focused social media listening tool powered by AI. Lucidya empowers businesses to understand customers by revealing key consumers insights in real time. Mathaqi was started with a vision of becoming a one-stop shop for all food needs and it became an online platform where consumers could purchase quality, curated meals directly from home chefs. Mathaqi was launched in Riyadh in March 2017 and caters to about 40% of the city. Mrsool is an on-demand service where users can request a courier to purchase (in cash) and deliver items for them from any store in the city. Mobile retail powered Mrsool’s swift rise and it now has 4 million registered users, 150,000 couriers and transactions worth 1 billion riyals ($270 million) were processed in 2018 alone. Noon Academy is one of the fastest growing on-demand ed-tech start-ups in the Middle East, with over 1.5 million registered students. The company invests time and energy in changing how people learn and in making education fun and effective. The company is building the largest social learning platform that makes the study experience fun and interactive. Students can learn from their peers, compete with them, and initiate live on-demand tutoring together in their study groups. Unifonic is the largest communications platform as a service (CPaaS) out of the Middle East that makes cloud communications more accessible, cost-efficient and simpler to implement with solutions that scale.