AI
Saudi Arabia
UAE
EgyptTawarruf and Thanawe Partner to Revolutionize Startup Transactions in Saudi Arabia
2 min
Tawarruf and Thanawe join forces to streamline startup investment and exit processes.
The partnership focuses on integrating digital solutions to enhance business transactions.
Aims to bridge the gap between investors and startups through innovative tools.
The agreement aligns with Saudi Arabia’s Vision 2030 to boost entrepreneurship.
Key industry leaders, including NTDP Director Ibrahim Niaz, attended the signing.
In a landmark move to support Saudi Arabia’s growing startup ecosystem, business services provider Tawarruf and digital platform Thanawe have signed a strategic Memorandum of Understanding (MoU) at LEAP 2025. This collaboration aims to accelerate digital transformation in startup transactions, ensuring a seamless and innovative approach to investment and exit strategies.
The partnership is set to revolutionize how startups and investors interact by introducing advanced digital tools that simplify investment processes. By leveraging Thanawe’s innovative digital solutions and Tawarruf’s expertise in business services, the collaboration seeks to bridge the gap between investors and emerging businesses, fostering a more efficient and integrated entrepreneurial landscape in Saudi Arabia.
Speaking about the partnership, Saeed Al-Ansari, CEO of Tawarruf, stated:
"Our collaboration with Thanawe marks a vital step toward building a fully integrated digital ecosystem for startups and investors. We aim to create a seamless process for investment and exit transactions, aligning with Saudi Arabia’s Vision 2030 to foster entrepreneurship and innovation."
Similarly, Ahmed Abubakar, CEO of Thanawe, expressed enthusiasm for the partnership, saying:
"We are excited to work with Tawarruf in reshaping how startup transactions are managed. This partnership merges digital innovation with entrepreneurial expertise, setting a new standard for investment operations in the region."
The signing ceremony was honored by Ibrahim Neyaz, Director of the National Transformation Program (NTDP), who showed his support for the initiative. The partnership was also made possible through the leadership and vision of Waleed Al-Ballaa and Adel Al-Ateeq, board advisors at Tawarruf, alongside Dr. Abdulaziz Al-Obaid, Chairman of Thanawe’s advisory board.
By combining technological innovation with business expertise, this collaboration aims to position Saudi Arabia as a leader in digital transformation for startup investments. It reflects a broader national effort to create a modern, efficient, and investor-friendly startup ecosystem, further strengthening the Kingdom’s role as a hub for entrepreneurship in the region.
