Riyadh - Sharikat Mubasher: The Saudi regulatory tech (RegTech) company, STAMP, secured $2 million in a pre-Seed funding round to strengthen its operations in the Saudi market.
The investment will enable STAMP to accelerate the development of its AI-powered platform and enhance corporate compliance with Saudi regulations, according to a recent statement by the company.
Founded by Muyasser Albar and Mohammed Zarei, STAMP offers various services, including regulatory license applications, registrations, incorporation, and post-incorporation services.
Zarei affirmed that the round marks a pivotal move towards building a seamless, unified platform for business owners that strengthens their compliance with regulations in Saudi Arabia and reduces their regulatory and administrative burdens.
Designed specifically for Saudi businesses with a deep understanding of local regulations, STAMP offers direct integrations with government systems, AI-powered monitoring, and an intuitive interface that makes complex compliance simple.
It uses state-of-the-art security measures, including end-to-end encryption and secure cloud infrastructure hosted in Saudi Arabia, to ensure data is safe and confidential.
