FlyAkeed Secures $25.15 Million Growth Funding
The Saudi platform FlyAkeed, specializing in corporate travel management technologies, has secured growth funding of 94.3 million Saudi Riyals ($25.15 million), combining equity investment and financing through Murabaha Sukuk. The equity investment was led by Sanabil Investments, fully owned by the Public Investment Fund, with participation from Artal Capital and Tali Ventures, the venture capital arm of the STC Group, as well as Al-Jazira Capital. Artal Capital led the Murabaha Sukuk financing. Founded in 2015 by Bassam Al-Mohammadi and based in Riyadh, FlyAkeed provides a platform for managing corporate travel that includes flight and hotel bookings, ground transportation, as well as managing approvals, travel policies, and expenses. The funding will primarily be used to support and launch a deferred payment solution integrated into the platform, aimed at large companies, allowing clients to settle travel bills with more flexible payment terms.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Cari Completes $32.5 Million Financing Round with Participation from Banking Institutions

Tmall Launches Token Recharge Center, Integrates Domestic Model Providers like Alibaba Cloud

Russia Attacks 'Biocon' Warehouse in Boryspil District

London Stock Exchange Partners with Payward to Tokenize 100 UK Stocks

Zelensky Orders Expansion of Business Support After Russian Attacks

South Korea's Foreign Exchange Reserves Increased by $14.33 Billion in August, Setting a Record

Meta Releases Muse Spark 1.3 Model, Enhancing Personal AI Agent Performance

Lyte Completes $165 Million Series C Funding Round Led by Maverick Silicon

Ozon Moves Goods to Kazakhstan, Waives Transportation Fees

Crypto Farm with 110 Devices Found in Non-Residential Building

Banco Macro Reduces Rate and Extends Mortgage Loan Term to 20 Years

CRS System Allows Polish Tax Authorities Access to Information on Foreign Accounts

Surge in Bond Yields in the United States, United Kingdom, and Japan

Russian Drone Destroys 'Ukrnafta' Gas Station in Odesa Region

Zammler Warehouse Company Ceases Operations

Figure Completes $717 Million Acquisition of Kiavi

SEC Announces Agenda and Attendee List for September 17 '24-Hour Trading' Roundtable

Guatemala Implements Anti-Money Laundering Control for Cryptocurrency Exchanges Starting September 2026

233 New Tokens Issued in El Salvador in 2026

Shein Closes at 48.50 HKD on Its Stock Market Debut

Ukrainian State Companies Spent Over 2.3 Billion UAH on Russian Software

Logistics Restructuring in Ukraine May Lead to Food Price Increase of Up to 2.5%

New Rules for Connecting to Power Grids in Ukraine Effective September 1, 2026

Coincheck G Partners with French DFNS to Explore Custody Solutions for Institutional Investors
U.S. Treasury Expands Bond Buyback Program to $4 Billion

Surge in IPOs in China: AI and Robotics Companies Lead Debuts in Shanghai and Hong Kong

Changxin Begins Small-Scale Production of HBM3E, Plans to Expand Output by 2027

Axis Launches Institutional Liquidity Service Axis Prime

Gulliver Shopping Center in Kyiv Sold for $207 Million








