Homegrown SaaS startup Rekaz raised USD 5 mn in a seed funding round led by COTU Ventures, with the participation of Shorooq Partners, Impact46, and Nomrah Group, according to a press release.
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Use of proceeds: The company plans to use the fresh liquidity to scale up its AI-powered platform and finance its expansion in the GCC area and across the MENA region.
About Rekaz: Founded by Abdulrahman Al Omran (LinkedIn) and Abdulaziz Al Kharashi (LinkedIn) in 2023, Rekaz offers Software as a Service (SaaS) solutions for SMEs. The platform’s flagship product is an end-to-end booking and subscription management system that provides businesses with website-building tools, integrated online payment options, WhatsApp automation, and business performance reports.
Looking ahead: “Our mission is to do for service SMEs what Shopify did for e-commerce,” said CEO Al Omran in the statement. The platform aims to replace fragmented workflows and manual coordination with a single platform by “building the infrastructure [SMEs] have been missing,” Al Omran added.