– Hope Ventures invests $3 million in Ahlan App, a Bahraini loyalty program, valuing the company at $15 million in its first investment round.

– Ahlan App, launched in 2021, boasts over 1,400 vendors and has served over 200,000 clients, rewarding them with $10 million in cashback credit.

– The investment aims to support Ahlan’s expansion efforts, enhancing its platform offerings and market reach to provide users and vendors with a seamless, money-saving experience.

Hope Ventures’ investment in Ahlan aligns with its mission to support promising Bahraini businesses. Ahlan App, a Bahraini loyalty program, has secured $3 million in its first investment round, valuing the company at $15 million.

Hope Ventures led the investment, with full subscription, joined by notable private sector investor Al Rajhi Holdings and respected angel investors.

Established in 2021, Ahlan offers a loyalty program and delivery platform, rewarding customers with cashback for their loyalty across dine-in, pick-up, and home delivery services. 

With over 1,400 vendors and 200,000 clients served to date, Ahlan has issued over $10 million in cashback credit. The platform also provides robust analytics and actionable insights to Bahrain-based companies, aiding in data-driven decision-making to optimize delivery operations, cut costs, and boost customer satisfaction.

Faisal Rashed, Co-Founder of Ahlan, expressed enthusiasm for the investment led by Hope Ventures, emphasizing its validation of Ahlan’s mission to revolutionize loyalty programs in the region. 

He outlined plans to broaden offerings and explore tech solutions like point-of-sale systems and B2B platforms, supported by Hope’s backing.

Hope Ventures‘ investment strategy prioritizes promising Bahraini businesses and SMEs, aiming to drive value alongside visionary founders. Fajer Saleh Alpachachi, General Manager at Hope Ventures, highlighted their confidence in Ahlan’s vision and platform potential, aiming to bolster product offerings, expand reach, and foster strategic partnerships.

The injected funds will fuel Ahlan’s market expansion, aiming to provide users and vendors with a comprehensive platform for diverse services, delivering a seamless experience and increased savings.