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FlyAkeed raises $25.2M in growth funding led by Sanabil Investments and Artal Capital. The Saudi corporate travel platform will use proceeds to expand Travel Now, Pay Later offerings.
Saudi corporate travel platform FlyAkeed has secured $25.15 million in growth funding combining an equity investment led by PIF-owned Sanabil Investments with Murabaha sukuk financing from Artal Capital. The round includes participation from stc Group's Tali Ventures and Aljazira Capital, alongside returning investors Sanabil and Artal. The funding will support FlyAkeed's Travel Now, Pay Later deferred-payment product and expand AI and analytics capabilities across Saudi Arabia and the GCC. Founded in 2015, FlyAkeed serves over 150 corporate clients and has recently won contracts with the Saudi Pro League and SALIC.
Company Information
Company
FlyAkeed
Location
Riyadh, Riyadh Region, Saudi Arabia
About
FlyAkeed is a Saudi corporate travel platform that consolidates flight, hotel, and ground transport bookings into a single platform. It enables companies to set travel policies, automate approvals, and track spending while serving over 150 corporate clients. The company offers Travel Now, Pay Later, a deferred-payment product allowing companies to book travel upfront and settle spending later through consolidated invoices.
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