Motery Secures $8 Million in Seed Funding to Revolutionize Automotive Financing in Kuwait

Motery, a fintech platform that is revolutionizing the car buying experience, has announced the successful completion of its seed funding round at an $8 million valuation. This funding marks a significant milestone in the company’s mission to transform automotive purchasing and financing in Kuwait.

The innovative platform simplifies the traditionally complicated car buying process by allowing consumers to purchase vehicles online. With Motery, customers can seamlessly search for their ideal car, compare financing options, and finalize their purchase—all from the comfort of their own homes. The platform’s user-friendly interface and flexible financing solutions make it easier than ever for people to drive away with their dream car without stepping into a dealership.

The newly secured $8 million will be used to enhance Motery’s services and further solidify its presence in the competitive automotive market of Kuwait. This investment highlights the confidence investors have in Motery’s potential to lead the charge in the evolving automotive sector.

Abdullah Emad AlAteeqi, Co-Founder of Motery, expressed his excitement about the funding, saying, “We are thrilled to have secured this funding at a strong valuation, which will allow us to accelerate our growth and continue innovating in the automotive space. Our mission is to simplify and elevate the car buying experience for consumers in Kuwait, and this investment is a crucial step toward achieving that goal.”

Co-Founder Eng. Mohammad Al Abdulsalam also shared his enthusiasm, stating, “This funding is a testament to our team's hard work and dedication. We are excited to enhance our platform further, ensuring that our customers enjoy a seamless and efficient car buying process. Together, we are committed to driving the future of automotive financing in Kuwait.”

As Motery embarks on its growth journey, the company is focused on delivering exceptional service and technology that meets the evolving needs of its customers. With the backing of this investment, Motery is well-positioned to expand its offerings and continue shaping the future of automotive financing in the region. Keep an eye out for future updates, as the platform rolls out new features and extends its reach within Kuwait’s automotive market.