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Nqoodlet Is Among Finalists in The Sanabil 500 MENA Program, Securing SR 1 million In Funding
Nqoodlet, a Riyadh-based fintech startup, announces graduating the esteemed Sanabil 500 MENA Seed Accelerator program. Following a comprehensive selection process and a 12-week program, Nqoodlet has secured a spot among the finalists, signifying its recognition as a noteworthy innovator in the local fintech space.
The program is held in partnership between 500 Global and Sanabil Investments for tech startups showing early traction, aiming to nurture the upcoming generation of skilled entrepreneurs in the MENA region. It offers dedicated mentorship and programming for 12 weeks from 500 Global mentors and equity investment for selected finalists.
Achieving the status of a 500 Global Alumni, Nqoodlet is looking forward to utilizing these resources to further develop their product and attract new talents. Mohammed Milyani, CEO at Nqoodlet, states that “despite being operational for a while, the program proved invaluable to our team. We spent 12 weeks of constant learning in a great entrepreneurial environment.”
Established in 2010 and headquartered in San Francisco, 500 Global has demonstrated a robust funding track record by supporting over 2,600 startups across a minimum of 75 countries.
Sanabil is a financial investment company that commits approximately $ 3 billion in capital per annum in private investments that include venture, growth capital and small buyouts. It provides partners with patient capital, the ability to invest across multiple funding rounds, and access to the Gulf Cooperation Council (GCC) ecosystem.
A venture capital firm with $2.4 billion in assets under management that invests in founders building fast-growing technology companies. It focuses on markets where technology, innovation, and capital can unlock long-term value and drive economic growth.
A leading unified expense management platform designed to help SMEs manage and streamline their expenses, through a fully automated process. The service provides instant issuance to multiple payment corporate cards for employees as well as a smart spending solution for expenses reports and reconciliations.
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