Saudi-based tech startup Techrar just secured a major boost to its growth journey with a $1.6 million investment. The round was led by Wa’ed Ventures, the venture capital arm of Aramco. Founded in 2022 by Safwan Saigh, Fawzan Alkhlawi, and Rania Shaker, Techrar is on a mission to simplify subscription and recurring billing management for businesses of all sizes.
What Does Techrar Do?
Techrar is Saudi Arabia’s leading platform for managing subscriptions, memberships, and recurring payments. In a world where the subscription economy is booming, Techrar offers businesses powerful tools to:
- ✅ Streamline billing operations
- ✅ Maximize recurring revenue
- ✅ Enhance customer experience through automation
This latest round of funding marks a key milestone for the company as it pushes to scale its impact even further.
Where the $1.6M Investment Is Going
Techrar’s roadmap is ambitious—and this funding is all about turning those big goals into reality. Here’s how the team plans to use the new capital:
- ✅ Team Growth:
Hiring top talent and expanding internal capabilities to maintain excellent service and adopt cutting-edge technologies. - ✅ Product Development:
Investing in innovation and integrating AI and automation to enhance their systems. Additionally, building partnerships with major tech players to offer a seamless, end-to-end subscription experience. - ✅ Expansion & Customer Acquisition:
Scaling up marketing efforts, tapping into new markets, and expanding their customer base, especially in response to the e-commerce boom in the region.
💬 Founders Share Their Vision
In a joint statement, the founders emphasized the company’s mission:
“Commerce has changed—it’s no longer just about selling products. It’s about crafting a smooth, engaging experience from start to finish. That’s why we’re building an infrastructure where any business, big or small, can manage subscriptions effortlessly.”
They also extended heartfelt thanks to their team, investors, partners, and community, including friends, family, and government entities whose support has fueled their journey so far.
Looking Ahead
With this new investment and a bold roadmap, Techrar is positioning itself as the go-to platform for subscription management in the Middle East. Their commitment to innovation, customer satisfaction, and sustainable growth aligns with Saudi Arabia’s broader push toward a digital-first economy.
“We thank God for our progress so far. With great blessings come even greater responsibilities—and we’re ready to take them on,” the founders concluded.
