Startup Wrap: Gaming, healthcare and fintech firms raise funding and expand operations in lively market
RIYADH: Strategic investments, product launches and expansion plans by companies across Saudi Arabia, the UAE, and Egypt, were all announced this week, alongside funding rounds and a regional investor’s participation in a Canadian AI startup.
Saudi Arabia-based insurance tech startup DESAISIV has launched its Fair Market Pricing Engine, an artificial intelligence-driven solution designed to help enterprises make data-driven decisions on corporate health insurance pricing.
The company said the platform uses AI and advanced analytics to benchmark insurance pricing, assess policy performance, identify cost-saving opportunities and improve healthcare benefits management through real-time insights.
Founded in 2022 by Sa’ed Khawaldeh and Mohammad Nabhan, DESAISIV has raised more than $8 million to date and serves over 600 organizations, managing corporate health insurance portfolios valued at more than SR2 billion ($540 million) across the Middle East and North Africa.
