Are small businesses ready for a financial revolution? In the GCC, where SMEs often face fragmented tools and outdated systems, Saudi fintech startup Nqoodlet is stepping up to lead the change. With a fresh $3 million seed round secured, this bold fintech player is reimagining how small and medium enterprises manage their finances — making operations faster, smarter, and stress-free.
🌍 A Regional Fintech on the Rise
$3 Million Seed Round Boosts Ambitions
In a significant milestone, Nqoodlet has announced the closure of its $3 million seed round. The investment was led by Waad Investments and joined by major backers like OmanTel, 500 Sanabil Investment, Oqal, Seed Holding, and other strategic investors. This new round follows their $1 million pre-seed raise in 2021 and positions them strongly for regional dominance.
💳 Transforming SME Finance Across the GCC
What Does Nqoodlet Do?
Co-founded by Mohamed Milyani and Yara Ghouth, Nqoodlet has built an integrated financial operating system tailored to SMEs. Its suite includes:
- Smart corporate cards
- Real-time expense tracking
- Automated VAT filing
- Comprehensive financial planning tools
These services bring clarity, control, and efficiency to businesses previously bogged down by outdated systems.
📈 Impressive Impact: 600+ SMEs Empowered
Since launch, over 600 SMEs have benefited from Nqoodlet’s platform. Clients have seen:
- 80% improvement in financial operations speed
- 200,000 SAR in average annual cost savings
- Collective savings of 80+ million SAR
🚧 What’s Next for Nqoodlet?
With its new funding, Nqoodlet plans to:
- Scale banking infrastructure across the GCC
- Launch open banking features and automated tax tools
- Forge deeper partnerships with banks and telecoms
- Recruit top talent in tech, finance, and customer support
According to co-founder Yara Ghouth, this isn’t just a funding win — it’s a turning point:
“We’re paving the way for a fintech future where financial tools are fast, intuitive, and growth-ready.”
🧭 The Vision: Financial Backbone of the GCC
Nqoodlet envisions itself as more than a fintech product — it’s building the financial backbone for a thriving SME ecosystem. Their goals include:
- Transparent real-time insights
- Automated compliance and tax filing
- Resilience through fraud protection
- Strategic financial planning
Waad Investment’s Yasser Alghamdi echoed this belief:
“They’re not just solving problems — they’re redesigning the entire financial future for SMEs.”
Conclusion:
With a bold mission and fresh funding, Nqoodlet is well on its way to becoming a leading fintech force in the GCC. As more SMEs seek modern, efficient, and intuitive tools, Nqoodlet’s platform is perfectly positioned to meet that demand — making financial chaos a thing of the past.
