OBytes

I'm thrilled to share very exciting news on the SiFi front - our Cayman entity, Simplified Financial Solutions Company (an affiliate of "SiFi" AlHulul Almubassatah, an EMI-licensed entity based out of Saudi Arabia) has completed the acquisition of Neya Technologies . Neya Technologies is a B2B expense management platform, founded in 2023 out of Dubai and previously operating in stealth up until the acquisition. With this acquisition, Rami Panayoti, former Co-founder and CEO at Neya Technologies, and Mohammed AlMughrabi, former Co-founder and CTO, join me at SiFi as Co-founders in our journey to continue building a platform to simplify finance for all organizations. Rami Panayoti joins as Chief Business Officer (CBO). A computer engineer by background, Rami brings over a decade of experience across venture capital, consulting, and technology. Prior to founding Neya, he spent several years at Middle East Venture Partners (MEVP), one of MENA's leading VC firms, before joining Bain & Company , where he spearheaded multiple strategic initiatives across the financial services and government sectors in Saudi Arabia. Mohammed AlMughrabi joins as Chief Technology Officer (CTO), bringing over two decades of experience in technology and fintech. Through OBytes, the software development company he previously founded and lead, Mo has made significant contributions to various pioneering platforms including Ramp (a company we deeply admire that has grown to $7B+ in valuation), Paribus Co., Nuvocargo, Give and Pawp. His last decade has focused on building and scaling technology solutions for companies in North America, bringing valuable expertise to our continued growth. We also welcome Neya Technologies talented engineering team, who bring valuable experience in building modern financial platforms across the globe I've had the privilege of working closely with Rami, Mo, and the broader Neya Technologies team over the past 10 months, witnessing their commitment to excellence and shared vision for the future of business finance. This acquisition builds on several key achievements since our commercial launch in Q2 last year: - Securing our Major EMI license from the Saudi Central Bank – SAMA - Serving 500+ leading Saudi businesses across multiple sectors - Becoming the first fintech authorized for government expense management through our Ministry of Finance, Saudi Arabia partnership - Launching Apple Pay integration and domestic transfer capabilities - Introducing exclusive technology partnerships offering SAR 2M+ worth of savings for our customers from leading global platforms like Notion, Airtable, AWS, etc. We're working day and night to deliver on our mission of simplifying finance for all organizations, with many more exciting developments coming soon. Stay tuned here or follow us on https://x.com/SiFiapp/ to remain up to date.