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Overview
Soum.sa runs an online marketplace in Saudi Arabia for buying and selling used mobile phones and electronics. Sellers list items with their own prices, and when a sale occurs, the seller ships the device to the buyer for free using a selected shipping carrier. The platform verifies the device before payment is released to the seller, ensuring product quality and building buyer trust. Revenue comes from transaction fees and optional premium listing features, with potential earnings from carrier and service partnerships. What sets Soum.sa apart is its emphasis on verification, secure payments, and free shipping within a trusted marketplace tailored to the Saudi market. Its goal is to provide a reliable, secure, and user-friendly way for people to buy affordable, high-quality used devices.
About SOUM
Industries
Data & Analytics
Consumer Software
Cybersecurity
Consumer Goods
Company Size
51-200
Company Stage
Series A
Total Funding
$22M
Headquarters
Saudi Arabia
Founded
2021
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Simplify's Take
What believers are saying
- Soum’s website updated 2026-08-01 shows active inventory and consumer demand in Saudi Arabia.
- Soum reported four million app downloads and UAE traction in December 2023.
- Soum’s electronics vertical scaling hire suggests management expects near-term growth, not retrenchment.
What critics are saying
- Soum’s 2023 Series A only funded expansion; no fresh capital is visible by 2026-08-05.
- Electronics-scale operations hiring signals heavy logistics costs and quality-control failures can crush margins.
- Jahez-backed category expansion risks distracting Soum from phones; a stalled UAE push burns runway.
What makes SOUM unique
- Soum.sa inspects devices, offers 1-year warranties, and 10-day exchanges as of 2026-08-01.
- Soum hired an Operations Manager for electronics scaling on 2026-03-29.
- Soum targets used phones, tablets, laptops, and expanding secondhand categories across Saudi Arabia.
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Funding
Total Funding
$22M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
↑ 5%1 year growth
↑ 2%2 year growth
↑ 4%Global re-commerce market set to grow as consumers settle for pre-owned goods to save on cost, and as some observe conscious consumption.
Soum raises $18 million Series A round led by Jahez.
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About SOUM
Industries
Data & Analytics
Consumer Software
Cybersecurity
Consumer Goods
Company Size
51-200
Company Stage
Series A
Total Funding
$22M
Headquarters
Saudi Arabia
Founded
2021
SOUM is Hiring for 1 Jobs on Simplify!
Find jobs on Simplify and start your career today