Mthmr, a Saudi Arabian platform that specializes in technology solutions, intends to enter the Egyptian market by 2025, after expanding to Kuwait and the United Arab Emirates by the end of this year. Abdul Rahman Qumsani, the co-founder of the platform, said that the company is planning to raise $4m in a new funding round soon, after closing a $2m round a few months ago. He told DNE, at the Forbes Middle East Summit, that the company aims to enter all Middle Eastern countries with the same brand. He added: “However, we plan to change the brand in Pakistan and Turkey.”Mthmr was founded in 2021 by Abdul Rahman Qumsani and Abdul Rahman bin Najifan, to provide a comprehensive tool to help individuals track their expenses and increase their savings. The company also offers, through its app, the latest deals and offers to help users save and maintain financial balance.
