In order to empower tech startups in the MENA region, Arzan Venture Capital (Arzan VC) has partnered with Ahmad Takatkah to launch Revenya Capital, a ground-breaking revenue-based financing (RBF) company. Revenya Capital seeks to meet the region’s increasing need for non-dilutive financing options with a $2 million initial seed investment from Arzan VC and Arzan Financial Group (AFG) and a credit facility from AFG’s network.
In order to give their portfolio companies short-term, non-dilutive financing for a range of needs, including marketing, inventory, events, equipment, and seasonal requirements, Revenya Capital intends to collaborate closely with venture capital firms. Through this partnership, venture capitalists will be able to assist their startups in obtaining adaptable funding options without reducing their equity, guaranteeing that they stay growth-oriented.
A crucial funding model for startups that want non-dilutive capital to support their growth without compromising equity is revenue-based financing. Revenya Capital has established itself as a tech-driven partner for startups by utilizing cutting-edge AI and machine learning technologies to provide quick, data-driven financing decisions. The company offers short-term loans from three to nine months, ranging from $50,000 to $500,000, with a fixed monthly fee of 1.5% to 2.5% and repayment rates of 5% to 20% of monthly revenue. The firm focuses on high-growth startups with predictable revenues.
“We believe that RBF is the perfect twin for equity investments in MENA, and the timing is right,” said Ahmad Takatkah, co-founder and managing partner of Revenya Capital. “The demand for non-dilutive financing is growing exponentially, but currently, there are only four companies providing RBF solutions in the region—Erad, Capifly, FlapKap, and Flow48. This is far from sufficient to meet the needs of the fast-growing startup ecosystem in MENA. We also look forward to collaborating and co-lending with these firms to expand the availability of RBF options.”
“Revenya Capital’s launch is timely as we see a significant gap in the market for flexible financing solutions tailored for tech startups,” said Hasan Zainal, Founder & Managing Partner of Arzan VC. “We have known Ahmad Takatkah for almost a decade; he was one of the early members of Arzan VC’s team. We are confident that, with his leadership and the support of Arzan Financial Group, Revenya Capital will help bridge the existing market gap and drive innovation in the region.”
Revenya Capital is well-positioned to take the lead in MENA startup funding by utilizing Arzan Financial Group’s wide network and financial know-how. In order to boost growth and success, the company is not only focused on lending money but also on forming strategic alliances with VCs and startups.
