Hulexo Secures Seed Funding from Arzan VC for Expansion

UAE-based ERP provider Hulexo has secured a Seed investment from Arzan VC, marking the fourth investment for Arzan VC Fund III.^[1]  

Founded in 2021 by Huzaifa Hameed, Ibrahim Al Rachdi, and Marwin Favila, Hulexo offers customized ERP solutions for small and medium-sized retail stores.

With over 100 retail locations onboarded, including clients like The Giving Movement and Transguard Group, Hulexo plans to reach 300 locations by the end of 2025.

The new funding will also support Hulexo's expansion into Kuwait and Saudi Arabia, along with forming partnerships with malls, payment providers, and licensing authorities.