SSyarah is an online marketplace that lets individuals buy and sell new and used cars. It provides a user-friendly website where customers can browse car listings, compare prices, and read detailed descriptions. The platform monetizes through listing fees, transaction fees, and optional services such as financing and home delivery, offering a one-stop solution for car purchases and sales. How it works: users list or browse vehicles, compare options, and complete transactions through the site; Syarah handles payments, facilitates financing, and can arrange home delivery. How it differs from competitors: it combines an expansive online catalog with integrated financing and delivery services, aiming to streamline the entire car-buying and selling process in one place with transparent pricing. Goal: make buying and selling cars easier and faster for individuals by providing a centralized, accessible online marketplace.
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Industries
Company Size
501-1,000
Company Stage
Late Stage VC
Total Funding
$94M
Headquarters
Riyadh, Saudi Arabia
Founded
2015
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Total Funding
$94M
Meets
Industry Average
Funded Over
5 Rounds
Saudi autotech Syarah raises $12 million from Impact46. News - 04 September, 2026 * Saudi Arabia-based autotech startup Syarah has raised $12 million in a new funding round from Impact46 to expand its online marketplace for new and used cars across the Kingdom. The stage of the round was not disclosed. * Founded in 2015 by Salah Sharef and Fayez Alanazi, Syarah operates an online automotive marketplace that allows customers to browse and purchase new and used vehicles digitally and have them delivered to their location. * The investment will support Syarah's nationwide expansion, as well as the continued development of its digital platform and delivery operations. The company has not disclosed a detailed breakdown of how the capital will be deployed. * In 2024, Syarah closed a $60 million Series C round, led by Artal Capital, with participation from Elm, Impact46, Tawuniya, and Derayah Ventures. Saudi online automotive marketplace Syarah has raised $12 million in a new investment from Impact46 to expand its presence across Saudi Arabia's new and used car market. The company did not disclose the stage of the funding round. Syarah operates a digital car-buying platform that enables consumers to browse new and used vehicles, complete much of the purchasing process remotely and have their selected vehicle delivered directly to them, reducing the need to visit a traditional dealership. The company already serves customers across all regions of Saudi Arabia and has handled thousands of purchases, according to Arab Founders. Its model combines an online automotive marketplace with nationwide vehicle delivery, giving customers outside major cities access to a wider selection of vehicles. The fresh capital will support Syarah's efforts to reach more customers across the Kingdom and further develop its digital platform and delivery operations as it scales nationwide. The company has not provided a detailed breakdown of how the investment will be allocated.
Saudi online automotive marketplace Syarah has raised $12 million from Impact46, a Riyadh-based venture capital firm. The funding will support the expansion of Syarah's new-and-used car platform across Saudi Arabia. Syarah enables customers to browse vehicles, complete purchases remotely, and arrange home delivery. The platform serves buyers across all regions of Saudi Arabia and has processed thousands of transactions. The new capital will be used to develop Syarah's digital platform and delivery operations as it scales nationwide. The company has not disclosed the funding stage or detailed allocation plans. The model combines new and used vehicles in a single online marketplace, allowing remote purchases and enabling Syarah to reach buyers beyond major urban centres without physical dealership infrastructure.
ABHI and Syarah partner to enhance employee financial flexibility through Earned Wage Access in Saudi Arabia. Riyadh, KSA - 30 June 2026 - Abhi, the region's neobank of the future, has announced a partnership with Syarah, the leading online platform for buying and financing cars in Saudi Arabia, to enable greater financial flexibility for employees through Abhi's Earned Wage Access (EWA) solution. Through this collaboration, Syarah employees will be able to access a portion of their earned salary in real time before payday, giving them improved cash-flow control and greater ease and confidence in managing everyday expenses. The integration of Abhi's EWA solution into Syarah's workforce ecosystem reflects a shared commitment to enhancing employee well-being through practical, technology-led financial solutions. Speaking on the partnership, Omair Ansari, Co-Founder and CEO of Abhi, said: "At Abhi, we are redefining how income flows through people's lives, not just as a paycheck, but as real-time liquidity that supports real decisions. From everyday expenses to major commitments like mobility, employees shouldn't have to wait for a payday to move forward. Our partnership with Syarah reflects a shared belief that financial access should move at the speed of life in today's digital economy in Saudi Arabia." Abdulilah AlSalami, VP of HR of Syarah, added: "Syarah is built on the belief that technology should make life easier - for our customers and for our people. Earned wage access with Abhi is a natural extension of that philosophy: giving our employees the financial flexibility they deserve, on their own terms. In a competitive talent market, the companies that invest in holistic employee experience will be the ones that attract and retain the best people." As Saudi Arabia continues to advance its Vision 2030 objectives, employers are increasingly prioritizing financial wellness as a core part of employee experience. This partnership highlights the growing role of embedded financial solutions in improving workforce stability, engagement, and productivity across digital-first businesses. Since its inception in 2021, Abhi has expanded across Pakistan, the UAE, Saudi Arabia, and Oman, serving over 1 million users and partnering with more than 7,000 businesses to provide on-demand access to earned income and SME financing solutions. About Abhi Abhi provides a comprehensive suite of financial solutions, including Earned Wage Access and SME Financing. The fintech company has established partnerships with over 7,000 companies, driving economic growth and creating lasting social impact. Abhi has gained recognition from Hub71 and Endeavor and was the first fintech in the MENAP region to receive the World Economic Forum's Technology Pioneer Award in 2023. The company has also been recognized as one of the UAE Future 100 companies and selected for Mastercard's Start Path Small Business program. About Syarah Syarah is a Saudi digital platform that enables customers to buy new and used cars online with a fully digital, transparent, and end-to-end experience. The platform offers inspection, financing options, warranty coverage, and doorstep delivery, making car ownership more accessible and convenient across the Kingdom. آبي وسيارة يبرمان شراكة لتعزيز المرونة المالية للموظفين عبر خدمة الوصول إلى الأجور المكتسبة في المملكة العربية السعودية الرياض، المملكة العربية السعودية - 30 يونيو 2026 - أعلنت آبي، البنك الرقمي للمستقبل في المنطقة، عن شراكة مع سيارة، إحدى المنصات الرائدة لشراء وتمويل السيارات عبر الإنترنت في المملكة العربية السعودية، بهدف تمكين المزيد من المرونة المالية للموظفين من خلال خدمة الوصول إلى الأجور المكتسبة (EWA) من آبي. من خلال هذا التعاون، سيتمكن موظفو سيارة من الوصول إلى جزء من رواتبهم المستحقة بشكل فوري قبل موعد الصرف، مما يمنحهم تحكمًا أفضل في التدفقات النقدية ويساعدهم على إدارة نفقاتهم اليومية بسهولة وثقة أكبر. ويعكس دمج حل الوصول إلى الأجور المكتسبة من آبي ضمن منظومة عمل سيارة التزامًا مشتركًا بتعزيز رفاهية الموظفين من خلال حلول مالية عملية تعتمد على التكنولوجيا. وفي تعليق له على هذه الشراكة، قال عمير أنصاري، المؤسس المشارك والرئيس التنفيذي لشركة آبي: في آبي، نحن نعيد تعريف كيفية تدفق الدخل في حياة الأفراد، ليس فقط كراتب شهري، بل كسِيولة فورية تدعم القرارات الحياتية اليومية. من النفقات اليومية إلى الالتزامات الكبرى مثل التنقل، لا ينبغي على الموظفين انتظار يوم الراتب للمضي قدمًا. تعكس شراكتنا مع سيارة إيمانًا مشتركًا بأن الوصول إلى الدخل يجب أن يواكب إيقاع الحياة في الاقتصاد الرقمي اليوم في المملكة العربية السعودية. وأضاف عبدالإله السلمي، نائب الرئيس للموارد البشرية في سيارة: "في سيارة، نؤمن بأن التكنولوجيا يجب أن تجعل الحياة أكثر سهولة، سواء لعملائنا أو لموظفينا. ويُعد توفير خدمة الوصول إلى الأجور المكتسبة بالتعاون مع أبي امتدادًا طبيعيًا لهذه الرؤية، إذ يمنح موظفينا المرونة المالية التي يستحقونها، وفقًا لاحتياجاتهم وفي الوقت الذي يناسبهم. وفي ظل المنافسة المتزايدة على استقطاب الكفاءات، ستكون الشركات التي تستثمر في تقديم تجربة متكاملة للموظفين هي الأقدر على جذب أفضل المواهب والاحتفاظ بها." ومع استمرار المملكة العربية السعودية في التقدم نحو تحقيق رؤية 2030، يولي أصحاب العمل اهتمامًا متزايدًا بالرفاه المالي كجزء أساسي من تجربة الموظف. وتبرز هذه الشراكة الدور المتنامي للحلول المالية المدمجة في تحسين استقرار القوى العاملة، ورفع مستويات التفاعل، وتعزيز الإنتاجية في الشركات الرقمية. ومنذ تأسيسها عام 2021، توسعت آبي في باكستان والإمارات العربية المتحدة والمملكة العربية السعودية وسلطنة عُمان، حيث تخدم أكثر من مليون مستخدم وتتعاون مع أكثر من 7,000 شركة لتقديم حلول الوصول الفوري إلى الدخل المكتسب وتمويل الشركات الصغيرة والمتوسطة.
Abdullah Alzubaidi has been named Director, People Experience and Talent Acquisition at Syarah, where he will lead strategies to enhance employee engagement and attract top talent.
September VC MusingsBy Swati TrivediPosted 1 day ago - Oct 2, 2024, 4:55 PMSeptember brought with it the arrival of the conference season, and ended with the interest rate cuts, harboring in a more optimistic environment for the venture ecosystem. As we gear up to release our Q3 suite of venture investment reports, this was the time to take a look at September and how Q3 wrapped up. The emerging venture markets that we cover span across the Middle East, Africa, Southeast Asia, Turkiye, and Pakistan. After a summer slowdown, the EVMs saw over 365M raised during the month, with no mega-deals, marking a small uptick in month-over-month, while the number of transactions grew by over 9% MoM. Request specific data sets, including data on startups, investors, deals, and more. Reach out to our sales team to explore the full potential of our platform.MENA’s Post-Summer Rebound. The Middle East and North Africa (MENA) region in particular saw a resurgence in venture funding, posting an approximate 60% MoM increase in capital raised and about a 50% uptick in the number of transactions
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Industries
Company Size
501-1,000
Company Stage
Late Stage VC
Total Funding
$94M
Headquarters
Riyadh, Saudi Arabia
Founded
2015
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs