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PRESSR: PayShip Information Technology Company closes an investment round with the participation of Sidra Ventures, Nama Ventures and angel investors
Riyadh, Kingdom of Saudi Arabia, (Massive Media) : PIESHIP, an information technology company based in the Kingdom of Saudi Arabia, announced the closing of an investment round (pre-seed), the value of which was not disclosed, with the participation of investment funds Sidra Ventures, Nama Ventures and a number of investors. Angelic people.
PIESHIP was founded in 2023 by Nasser Al-Harithi, Musaed Al-Amri, and Mohammed Mohsen. The company specializes in providing warehouse management solutions and an application to track and deliver shipments, in addition to other technical solutions that serve the logistics sector. PIESHIP joined the MVPlab initiative presented by the National Information Technology Development Program in the first batch and qualified among the top 20 projects.
On this occasion, Nasser Al Harithi, co-founder and CEO, said: “PayShip provides innovative solutions in the logistics services sector to improve the experience of last-mile delivery companies to deliver shipments faster and with effective communication tools with customers. PayShip also enables delivery companies to raise the efficiency of delivery representatives by doing so.” By creating an effective competitive environment among employees.”
In turn, Haitham Al-Furaih, co-founder and CEO of Sidra Ventures, said: “The e-commerce market is witnessing rapid growth, and last-mile delivery and logistics services companies are considered an essential pillar in this growth, and we are confident in the ability of the PayShip team to provide the best technical solutions to serve the sector.” ".
As Mohammed Al-Zoubi, founder and managing partner at Nama Ventures, said: “I wrote my first investment check in 2005, and since then, I think I have gained a skill in identifying and distinguishing people who have real expertise in their field within half an hour of talking to them. And when I spoke with... Nasser, and within the first ten minutes, I became certain that he was fully aware of the logistics sector, as we say at Nama Ventures: We do not invest in applications, but rather we invest in work teams that have an integrated set of skills and work to build promising companies that are managed excellently, and this applies to Pay Ship. “We have seen a great “seller” in Nasser, a great “doer” in Mohamed and a great “operator” in Mosaed and that makes us very excited to join this amazing rocket ship with an outstanding founding team.”
It is noteworthy that Mr. Ibrahim Niaz, CEO of the National Program for Information Technology Development, spoke about the goals that the program seeks to achieve, saying: “We seek to build an integrated technical leadership system in the Kingdom, in which we aim to create more than 17 thousand jobs in the technical sector, Contributing to increasing the domestic product by 10 billion riyals. We also aim to create 1,000 emerging Saudi technology companies during the next three years. Today we are talking about 300 technology companies that were launched in the previous year, thus embodying clear visions of technical development and growth.”
PayShip aims to invest in expanding its business, research and development, and creating new products and services for its customers in order to contribute to the growth of the sector.
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This press release was sent by Massive Media as part of its initiative to empower startups in the Middle East. For more information, please visit the website: https://massivemediame.com
For media inquiries, please contact:
Nasser Al Harithi, Pay Ship Company
Email: Nasser@pieship.com
Website: www.pieship.com
LinkedIn: https://www.linkedin.com/company/pie-ship
© Press Release 2024
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