Tenami Capital has successfully closed a $3 million non-dilutive investment in Ogram, a pioneer in flexible staffing solutions. Tenami Capital, a leader in revenue-based growth capital for high-growth businesses, has backed Ogram because it believes in its mission to revolutionize workforce management and spur market expansion.
As Ogram speeds up its entry into Saudi Arabia, a country with enormous growth potential in the retail and hospitality industries, this strategic partnership is formed. Ogram’s working capital will be strengthened by the funding, allowing for quicker payouts and more control over pay cycles for Ogrammers. By guaranteeing a more driven and dependable workforce, this program aims to increase employee satisfaction, retention, and business support.
“We are excited to partner with Tenami Capital, a forward-thinking financial partner that shares our vision for transforming workforce flexibility,” said Shafiq Khartabil, co-founder and CEO of Ogram. “This funding will allow us to deepen our impact in Saudi Arabia and beyond, ensuring both our clients and Ogrammers experience the very best in workforce solutions.”
The funding will also enable Ogram to roll out its early payout program, providing financial stability for its workforce and creating a seamless system to meet their needs. Balsam Danhach, CFO of Ogram, commented, “This is more than just financial backing; it’s an investment in the success and well-being of our Ogrammers. By strengthening working capital, we can support their financial needs while ensuring higher retention and exceptional service for our clients.”
“We are delighted to partner with Ogram as it continues to transform the staffing industry,” added Natasha Hannoun, Managing Partner, Tenami Capital. “This marks Tenami Capital’s fourth investment since starting in 2021, with more to be announced in the coming months as demand for non-dilutive capital grows and the Gulf region experiences unprecedented economic growth. Ogram represents the type of innovative, high-growth company that Tenami Capital is committed to supporting as we help businesses scale and succeed across our region.”
This investment puts Ogram in a strong position for success as it gets ready for 2025, enabling it to broaden its geographic reach and advance its goal of providing flexible staffing solutions that satisfy the demands of both employers and employees.
