Saudi Arabia-based Techrar, the leading platform for subscription, membership, and recurring billing management, announced the closure of a SAR 6 million (approximately $1.6 million) investment round, led by Wa’ed Ventures, Aramco’s wholly owned venture capital fund.
Founded in 2022 by Ahmed Salama, Fozan Alkhalawi, Safwan Saigh, Rania Shaker, and Ahmed Saeed, Techrar believes that subscriptions are a vital driver for sustainable growth.
The company’s mission is to empower businesses with smart, scalable solutions that streamline operations, maximize recurring revenue, and elevate customer experience.
As the world of commerce transforms, success is no longer just about selling products but delivering exceptional customer journeys — understanding behaviors, simplifying renewals, and driving repeat purchases.
Techrar is building a unified infrastructure to make subscription management accessible and effortless for businesses of all sizes.
Commenting on the announcement, Ahmed Salama, Co-founder and CEO, said:
“We deeply thank our talented team, investors, customers, partners, and everyone who supported us. This achievement increases our responsibility to continue building the largest subscription management platform from Saudi Arabia.”
The investment will support Techrar’s ambitious growth plans across three key pillars:
- Team Growth: Attracting and developing exceptional talent.
- Product Development: Investing in innovation, automation, AI, and strategic integrations.
- Market Expansion and Customer Acquisition: Scaling marketing and sales strategies and expanding into new markets amidst the e-commerce boom.
