Exploring Riyadh’s Rising Stars in the Asian Software Startup Scene

January 30, 2024

Startups have a unique position in the tech ecosystem. They are small, agile and innovative. They possess the potential to break technological boundaries, create new markets and even disrupt existing ones. Within Asia, one city that has attracted many of these innovative startups is Riyadh, Ar Riyad in Saudi Arabia. Many software startups from this city, especially those initiated from 2020 and later, have shown significant promise and immense potential.

The city of Riyadh, capital of Saudi Arabia, has emerged as an incubator for increasingly high numbers of software startups. Established within the last couple of years, these startups are exploiting the potential of the thriving software market, mainly focusing on Fintech, Social Entrepreneurship, E-Commerce, and more.

The software industry has shown its necessity and relevance more than ever in the face of the COVID-19 pandemic. In the following article, we will highlight some of the nascent startups of Riyadh that have taken advantage of this opportunity and are making their mark in the software industry.


Founded by Hamza AlFarhan and Muhammad Al-Aiban, Nearpay is a FinTech startup specializing in payment acceptance solutions. Specifically targeting micro-merchant transactions, Nearpay offers flexibility to mobile merchants and operates in the realm of FinTech, Mobile Payments, Predictive Analytics, and Software. It’s certainly a breakthrough in the payment sector, giving an accessible and straightforward way for everyone to perform transactions. You can follow Nearpay on LinkedIn and @trynearpay on Twitter.


Qewam is an innovative startup led by Adel Alsaadi, Alaa Bekdash, Katariina Komulainen, and Wael Altorabi. This Social Entrepreneurship startup provides a helpful platform for entrepreneurs to achieve success in their ventures. Qewam has designed a unique metaverse combining cloud tools, service providers, and networks that allows entrepreneurs along with their teams to plan, launch, and scale up in a fully digital environment. You can follow Qewam’s progress on Twitter and LinkedIn.


Born out of the innovative minds of Michael Aswad, the homegrown accounting software platform VôM is based in Riyadh providing “Value of Money” to small businesses. VôM has taken it upon itself to assist small businesses in managing their financials easily. You can follow their progress on Twitter and LinkedIn.


Founded by Nawaf Alabra, e-Procure is a B2B marketplace that combines the power of Blockchain with e-commerce and procurement solutions. This SaaS platform is designed to facilitate businesses with a secure and simplified platform to perform end-to-end procurement and B2B sales operations. Their mission, vision, and why you should choose e-Procurer can all be explored on their website or through their social media accounts on Twitter, Facebook, and LinkedIn.


Bettertech is a professional software & web development company specializing in a wide array of services such as Web Applications, Mobile Apps development, Web Development, Branding, and Digital Marketing. They devise and develop creative digital products that enable businesses to reach their goals more effectively. You can follow Bettertech’s exciting journey on Facebook, Twitter, and LinkedIn.

FutureX Technologies Ltd

FutureX Technologies Ltd delves into the world of digital transformation. It provides cutting-edge solutions that transform businesses for government and industry customers alike. You can explore FutureX’s innovative solutions and their progress on Facebook, Twitter, and LinkedIn.


Founded by Hassan Aldhayan, KLLIFY operates in the realm of E-Commerce, Information Technology, Retail, and Software. You can follow their progress on LinkedIn.


Working in the sectors of Apps, E-Commerce, Internet, and Software, Handy is another startup from Riyadh. You can follow their journey at LinkedIn.


Mohimmatech operates in the information technology sector. Their work revolves around Productivity Tools, Project Management, and Software technology. They can be followed on Facebook, Twitter, and LinkedIn.

Lun Startup Studio

Founded by Fahad Almansour, Lun Startup Studio is an entity that focuses on enhancing the technology start-up industry. They provide all-round support to incubated companies, including human, technical, financial, administrative, and legal resources. You can follow their progress at Twitter and LinkedIn.


Unlockd.me has carved out a niche for itself by providing a platform that lets models and influencers monetize their fanbase by converting them into paid followers. This startup operates in diverse areas such as Film, Internet, Marketing, Social Media, Software, Twitter, Video, Video Editing, and Video on Demand. You can follow their journey at Facebook and LinkedIn.

Riyadh, Ar Riyad, Saudi Arabia is nurturing a vibrant startup culture, filled with entrepreneurs and innovators eager to shake up various industry sectors. These startups, though relatively new, are showing tremendous potential to disrupt the market with their unique offerings. Watch this space as we continue to track the progress of these businesses and bring you updates from the dynamic startup scene in Asia.

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