With the support of a number of unnamed investors, the “Abikhdmh” app has successfully raised a SAR3 million seed funding round. The goal of this funding is to improve the app’s capacity to provide cutting-edge e-transaction services and diversify into new markets to better serve its users’ expanding needs.
“Abikhdmh,” which was founded by brothers Abdulmohsen and Mohammed Al-Mufadli, aims to create a comprehensive system that provides state-of-the-art technological solutions. The app intends to use the additional funds to enhance its platform and add new services, such as: reservations for flights, services for businesses, and solutions for hiring.
Due to a growing reliance on digital solutions to complete both private and public transactions, the e-services industry in Saudi Arabia is expanding at an impressive rate. This expansion is in line with the Kingdom’s Vision 2030, which calls for the development of a strong technology foundation that supports digital transformation.
Abdulmohsen Al-Mufadli, co-founder and CEO of “Abikhdmh,” stated:“Our goal is to build an integrated and secure e-services system that empowers users to complete their transactions efficiently and seamlessly. The new funding strengthens our ability to develop digital solutions that cater to the evolving needs of society.”
The Saudi market is seeing a rise in demand for tech-driven services at the moment of this investment round. The funding demonstrates the growing trust in regional apps that provide creative answers to user problems and support the Kingdom’s digital economy.
By improving the user experience and providing top-notch services, the investments should establish “Abikhdmh” as a top tech application in Saudi Arabia.
