Arzan VC, Ahmad Takatkah Launch Revenya Capital

Kuwait-based Arzan Venture Capital (Arzan VC) has joined forces with financier Ahmad Takatkah to launch the Riyadh-headquartered Revenya Capital, a revenue-based financing (RBF) firm aimed at supporting tech startups in the Middle East and North Africa (MENA) region.

The initiative is backed by an initial US$2 million seed investment from Arzan VC and Arzan Financial Group (AFG), along with a credit line sourced through AFG’s network, to address the demand for non-dilutive funding options in the region. 

RBF firms provide startups with loans, linking repayments to the business’s future revenue. Non-dilutive funding, on the other hand, refers to financial support given to a company without requiring it to give up any ownership or equity in return.  

Revenya Capital’s financing model is designed to provide short-term, non-dilutive loans to high-growth startups, allowing them to cover expenses such as marketing, inventory, events, equipment, and seasonal requirements. The firm will work with venture capital firms in the region, offering their portfolio companies a financing alternative that preserves founders' equity and supports steady growth. 

The funding model operates on a revenue-based system, with financing options ranging from three to nine months. Loans will be offered from $50,000 to $500,000, with repayment terms based on a fixed monthly fee of 1.5 percent to 2.5 percent and a monthly revenue-based repayment rate of 5-20 percent.  

In addition to providing capital, the firm aims to create partnerships with startups and venture capitalists to support growth. 

Speaking with Inc. Arabia, Ahmad Takatkah, the managing partner at Revenya Capital, explained the firm’s strategy to collaborate with VCs to provide startups with flexible funding options for essential needs like marketing, inventory, and equipment. “By collaborating with VCs, we enable their portfolio companies to access essential capital for growth-oriented needs such as marketing, inventory, and equipment, all without equity dilution," he said. "This partnership model allows VCs to support their startups’ growth trajectories while preserving ownership stakes, helping founders stay focused on their vision. Additionally, Arzan Financial Group’s extensive network provides us with the resources and credit facility needed to scale these partnerships across the MENA region."

Revenya Capital’s RBF model uses a tech-driven underwriting process, employing AI and machine learning tools to make financing decisions in alignment with each startup’s revenue cycle. “Our AI-driven underwriting platform leverages advanced data analytics and machine learning to assess a startup’s financial health and predict revenue stability, allowing us to make quick, tailored financing decisions," Takatkah explained. "With tools like revenue forecasting and risk assessment algorithms, we can offer highly responsive financing solutions aligned with each startup’s revenue cycle, ensuring repayments adapt to monthly earnings. This tech-driven model empowers startups by providing accessible, fair, and timely funding that aligns with their operational needs, without the need for equity dilution or collateral."

To qualify for financing, Takatkah says that "startups must be venture-backed tech companies with a proven track record of consistent monthly revenue." He stresses that Revenya Capital focuses on companies with "predictable revenue" to ensure that repayment aligns with business performance, with the aim of benefiting both parties. "We evaluate factors like revenue stability, customer acquisition, and recurring revenue streams,” Takatkah added, noting that this approach allows Revenya Capital to offer financing with flexible, risk-adjusted repayment terms based on predictable revenue patterns.