Orbii, a Riyadh-based credit infrastructure platform, has successfully raised $3.6 million in a seed funding round led by Prosus Ventures. The round also saw participation from notable investors including VentureSouq, DASH Ventures, Taz Investments, and Sanabil 500. Founded in 2024 by Nauman Ali, Guillaume Kieffer, and Nasara Mughal, Orbii is on a mission to enhance the lending capabilities of banks and fintechs by providing AI-driven credit infrastructure tailored for small and medium-sized enterprises (SMEs). This innovative approach aims to streamline the lending process, making it more efficient and accessible for businesses in the region. The funding will enable Orbii to further develop its technology and expand its market presence, positioning itself as a key player in the evolving fintech landscape of Saudi Arabia.
Source: MENAbytes
