Bahrain - Sharikat Mubasher: Ahlan App, the Bahraini loyalty program, secured $3 million at a valuation of $15 million in an investment round led by Hope Ventures, with participation from Al Rajhi Holdings and angel investors, a recent statement unveiled.
Ahlan will use the funds to increase its market share and provide users and vendors with a one-stop platform for various services while offering a seamless experience that helps them save money.
To date, Ahlan has attracted over 1,400 vendors and served more than 200,000 clients, rewarding them with more than $10 million in cashback credit.
Faisal Rashed, Co-founder of Ahlan, described the investment round as a “significant vote of confidence” in Ahlan’s mission to enhance people’s experience with loyalty programs in the region.
He further affirmed that the investment solidifies Ahlan’s position as a trailblazer in the loyalty program and delivery platform space.
“Ahlan App is eager to expand its existing offerings and explore tech products that support the F&B industry, such as point-of-sale solutions and other B2B platforms,” Rashed added.
Meanwhile, Fajer Alpachachi, General Manager of Hope Ventures, said: “Our decision to lead this investment round reflects Hope’s belief in Ahlan’s vision and the immense potential of its platform. We look forward to working closely with Ahlan to enhance their product and platform offerings, expand their reach, and forge strategic partnerships with key stakeholders.”
Ahlan platform offers robust analytics and actionable insights that empower businesses to make data-driven decisions that optimize their delivery operations, reduce costs, and enhance overall customer satisfaction.
