2 days ago

Nqoodlet Secures $3M Seed Funding for SME Fintech Solutions

  • Saudi fintech startup Nqoodlet secured $3 million in seed funding led by Waad Investments, with participation from OmanTel, 500 Sanabil Investment, Oqal, and Seed Holding

  • Nqoodlet provides expense management and corporate card solutions for SMEs

  • The funding will support infrastructure scaling across Saudi Arabia and the GCC, new product development, and strategic partnerships.

      • ProblemFinancial Services

      "SMEs in Saudi Arabia and the GCC lack efficient expense management and financial tools, leading to fragmented systems, compliance challenges, and wasted resources."

      Solution

      "Nqoodlet provides a platform with smart corporate cards, real-time expense tracking, automated tax reporting, and integrated financial services to streamline operations, improve financial clarity, and reduce costs for SMEs."

      Covered on