Potential expansion into KSA is on the horizon for a unique platform that aims to help students make the most of their non-academic lives.
Unipal, a platform that aims to help students make the most of their non-academic lives by providing access to tailored discounts and promotions, has announced that it has raised a six-figure seed round investment.
Led by Saudi Arabia's Oqal Angels Network and with participation from a group of angel investors, the funding will help Unipal launch a brand new app featuring more advanced features, while also channeling it into developing its tech and enhance its product offering in general.
Founded in 2019 by Ali Alalawi and Ali Al Shaer, Unipal uses digital identification and is currently developing a system that allows vouchers to be distributed digitally. In its short existence, the startup has won acclaim for helping students save money, while the very fact that it serves such an underserved market has given it unique standing in the local ecosystem, something that isn’t lost on Oqal, which hopes it can have a hand in taking Unipal to KSA.
“We are truly proud of Unipal and foresee a great future ahead for the founders and the team within the region and beyond,” said Khaled Zainalabedin, president and founder of Oqal Angels Network. “Our main mandate since setting up Oqal in the Kingdom of Bahrain is to support Bahraini startups to source and have access to means of financing, mentorship and market entry to the Kingdom of Saudi Arabia and the region. Our aim is to be a key player supporting both the Bahraini and Saudi startup ecosystems and will always continue to do so.”
Learn more about Unipal here.
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