# Noqoodlet

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/noqoodlet

- Industry: Financial Services
- Headquarters: Riyadh, Saudi Arabia
- Website: www.nqoodlet.com
- Total disclosed funding: $3M
- Latest round: Seed (May 4, 2025)
- Investors on record: 5

## About

Based in Riyadh, Saudi Arabia, and founded in 2021, Noqood Wallet for Information Technology Company, trading under the name Noqoodlet, is a FinTech startup, that develops and provides an electronic platform targeting Small and Mid-size Enterprises (SMEs) to manage their expenses, and purchases through credit cards given to the employees. The company was founded by Mohamed Milyani (CEO) and Moayed Alsowayegh. In May 2025, Noqoodlet raised USD 3 million in seed funding led by new investor Waad Investment, with participation from other new investors Omantel, 500 Global, Oqal, and SEED Group. Other unspecified investors also participated in the round. Noqoodlet provides a digital platform that allows SMEs to track and control their spending, as well as the expenses of their teams, using a single unified platform and smart cards. The customers must first register their company on the Noqoodlet platform, following which they will receive virtual and tangible corporate cards to distribute to their employees. The enterprise can top up their wallet with a pre-determined budget via the firm's platform, and can also set bespoke rules for regulating the card's limit and usage. The employees can request funds, make secure payments, and upload invoices directly to Noqoodlet, while employers can manage their budget by tracking expenses, generating detailed reports, and more. The platform can be easily integrated with the company's accounting software, allowing for easy and effective financial management. The company will use the May 2025 funding to support the enhancement of its products and regional presence.

## Funding rounds

- Seed, May 4, 2025, $3M — 500 Global, SEED Group, Omantel, Oqal, Waad Investment

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- SEED Group — Seed
- Omantel — Seed
- Oqal — Seed
- Waad Investment (https://capitalatlas.ai/funds/waad-investment) — Seed