UAE-based mobility fintech Naran has raised $10 million in equity and debt financing from UAE investment firm Landel.
Founded in 2025 by Bayaskhalan Alexeev and Alexander Gubarev, Naran provides rent-to-own financing for cars and motorcycles to ride-hailing and delivery drivers.
Naran currently operates in Colombia, Peru, Senegal and Côte d’Ivoire, and plans to launch in Paraguay in September 2026.
The funding will support fleet expansion across existing markets, entry into new markets including MENA, and the rollout of new fintech products.
Naran also plans to offer its fleet management technology to third-party operators as a SaaS product and provide asset-backed financing for fleet expansion.
