Exploring Riyadh-Based Analytics Startups Transforming Data in Asia

January 3, 2024

Riyadh, the capital of Saudi Arabia, has become a hotspot for analytics startups since 2020. Despite being in a relatively nascent phase, these startups are already showing significant promise in transforming various sectors like FinTech, E-Learning, E-Commerce, and others, by leveraging the power of analytics. The city of Riyadh, known for its vibrant startup culture, has become an attractive destination for talent, innovation, and investment. Here, we profile some of the most promising and innovative startups headquartered in Riyadh, which have made their debut in 2020 or later.


Founded by Hamza AlFarhan and Muhammad Al-Aiban, Nearpay is a FinTech company providing payment acceptance solutions specifically for micro-merchant transactions and providing flexibility to mobile merchants. Through their innovative platform, Nearpay aims to simplify and streamline the payment process for small businesses. Stay connected with Nearpay on Twitter @trynearpay and on Linkedin.


Co-founded by Ahmad Ramahi and Mohammad Abu Kwaik, WeDeliver is a B2B logistics and last-mile delivery service provider based in Riyadh. With their predictive analytics capabilities, they are striving to revolutionize the delivery service industry. You can connect with WeDeliver on Twitter @wedeliverksa, Facebook, and Linkedin.

Mala’a Technologies

Mala’a Technologies, founded by Ali Alorainy and Faisal Alqarni, is a FinTech startup that provides a way to manage all financial matters in one location. The company aims to enable people to make more informed financial decisions. You can connect with Mala’a Technologies on Twitter @malaa_tech and on Linkedin.


Founded by Mansour Al-Harbi, Dawul is a platform that enables investors to track and share the financial status of their portfolios. Stay connected with Dawul on Twitter @dawulapp and on Linkedin.


Co-founded by Faysal Alghethber and Mohammed Mohammed Alsaeed, Scalers aims to prepare Saudi youth for the job market by enhancing their skills. They have also established a network to connect these young job seekers with potential employers. Check out their profile on Linkedin.

QVM Software

QVM Software is a SaaS Enabled Marketplace (SEM) solution that connects Vehicles Parts vendors around the world to facilitate their daily operation. Founded by Abdullah Al-Zain, Fareed Rezaei, Tariq Rezaei, this startup plans to revolutionize the automotive industry through big data and business intelligence. Connect with them on their Linkedin page.


DIGGIPACKS, an E-Commerce logistics company, was launched by Amin Alatrash and Hasan Jabarti. They have already covered over 13 locations in Saudi Arabia and assure customers that their fulfilment and storage requirements will be met. They can be found on Facebook @diggipacks and on Linkedin.


Co-founded by Abdulaziz Alabdullatif and Mohammed Alhulayyil, Tikna specializes in big data analytics and Artificial Intelligence. Their innovative solutions aim to provide businesses with efficient and effective insights. Tikna can be found on Linkedin.

Retailo Technologies

Retailo Technologies, founded by Muhammad Ansari, Muhammad Nowkhaiz, and Wahaj Ahmed, is the fastest growing B2B startup in MENAP. They provide services to over 35,000 active retailers and offer over 2,000 SKU’s on their platform. Retailo can be found on Twitter @RetailoT, Facebook and on Linkedin.


Founded by Ahmad Al-Debasi, SmSm combines superior experience with quality products at competitive prices to provide the ultimate value for consumers. The company can be found on Twitter @smsm_company, Facebook, and on Linkedin.


Suhail is a real estate platform that utilizes open data and AI to provide insights and analytics. Suhail is playing a pivotal role in digitalizing the real estate sector. They can be found on Twitter @gosuhail?lang=ar-x-fm.

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