Merak Capital
Over USD 3bn across more than ten funds spanning venture, private equity, private credit and real assets. One of the few local firms that names fintech infrastructure explicitly in its thesis.
INVESTMENT THESIS
Early stage and beyond across enterprise applications, fintech infrastructure, healthtech, supply chain and cybersecurity. An explicit doctrine: Saudi first; regional deals only where they strengthen Saudi platforms; international only with direct Saudi demand or technology transfer. A quarter of capital reserved for emerging verticals.
FINTECH RECORD
PORTFOLIO SAMPLE
The strength is the breadth of the toolkit — a company that starts with a venture round may later find private credit or a private equity partner under the same roof. One of the few firms that names fintech infrastructure explicitly in its thesis.
WHAT IT DOES
ACTIVITIES CLEARED FOR
WHY THERE IS NO ACTIVITY LIST
HOW TO ENGAGE
1 ROUTEWarm introductions materially outperform cold outreach here. The local ecosystem is small enough that a referral is almost always available.
Investment conversation
Equity or growth capital. Fintech took 29% of all Saudi startup funding in 2025, so the category has attention — but regulatory readiness is diligenced hard.
WHAT YOU WILL BE ASKED FOR
- Licence status stated plainly, including what you do not hold
- Unit economics with the cost of compliance in them
- A regulatory timeline the fund can underwrite
VIA A WARM INTRODUCTION WHERE POSSIBLE · TYPICAL TIMEFRAME 2–6 MONTHS TO CLOSE