MEVP's Vision: Driving Growth, Empowering Communities, and Fostering Innovation in the MENA Region
With a proven track record of fostering successful startups in the MENA region, we are dedicated to enabling our founders to achieve strategic growth and cultivate a sustainable ecosystem while upholding key ESG principles.
COMMITMENT TO EXCELLENCE
We are committed to attracting disruptive innovators and providing them with smart capital to unlock their full potential and multiply shareholders equity.
dRIVING INNOVATION
Our primary goal is to nurture innovation and entrepreneurship, catalyzing the digital transformation of the MENA region.
IMPRESSIVE REVENUE GENERATION
Collectively, our portfolio companies have generated over $1.8 billion in revenue and $7.3billion in Gross Merchandise Value over the past three years, showcasing their substantial financial success.
IMPACT ON DEVELOPING COUNTRIES
Our investments have been instrumental in creating more than 73,000 jobs, predominantly in developing countries across the MENATP region. We are proud that 85% of these jobs have been specifically generated in developing countries, contributing to their economic growth.
EMPOWERING WOMEN IN THE MENA REGION
We have actively fostered opportunities for women in technology, as approximately 27% of the current permanent positions within our portfolio companies are held by women. Our commitment to diversity and economic empowerment is shared by our founders, as exemplified by the following success stories:
- Anghami has facilitated monetization for over 5 million artists, 60% of whom are women.
- Bykea has provided women with income-generating opportunities through the delivery of homecooked meals.
- MNT-Halan has prioritized financial inclusion, with a substantial portion of their loans benefiting women.
Through these initiatives, we are actively contributing to the advancement of women in the region and championing their meaningful participation in the technology and entrepreneurial sectors.
Our focus on sustainable growth, commitment to ESG principles, substantial revenue generation, job creation in lower-middle income countries, and empowerment of women in the MENA region are at the core of our mission to drive positive impact and catalyze innovation.
MEVP’s ESG Support to Innovative Startups
By partnering with Capital Concept, MEVP enhances its risk mitigation policies and attract socially responsible investors who prioritize sustainable investment strategies. A robust ESG policy also provide a competitive advantage by helping portfolio companies to manage risks and capitalize on opportunities related to ESG factors, such as reducing carbon footprint or improving employee welfare. This can lead to improved financial performance and increased market value for portfolio companies.
Moreover, a well-designed ESG due diligence process helps MEVP identify potential ESG risks and opportunities early on in the investment process. This enables us to mitigate risks, enhance the sustainability of portfolio companies, and create long-term value for investors. It also contributes to a more sustainable and resilient economy by promoting sustainable practices and reducing negative environmental and social impacts.
Monitoring portfolio companies' ESG performance helps MEVP identify areas for improvement and ensure that they are meeting their ESG commitments. This can improve portfolio companies' reputation, increase their access to capital, and reduce the risk of negative impacts on the environment and society. It can also contribute to the development of more sustainable and responsible business practices.
SFDR 3 Sustainability Risk Policies
MEVGP IV SARL has determined that Sustainability Risk (which are defined as an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the relevant investment) are relevant for MEVF IV SCSp. Nonetheless, MEVGP IV SARL does not use the Sustainability Factors as a decisive or reductive factor for any investment. They are merely used as an additional tool for decision-making or an added value facilitating investments.
The primary aim of the investment policy adopted by MEVGP IV SARL remains creation of value of the MEVF IV SCSp’s assets allowing maximization of the profits for the limited partners. As such MEVGP IV SARL considers that Sustainability Risks are not likely to impact returns of MEVF IV SCSp.
SFDR 4 Adverse Sustainability Impact
MEVGP IV SARL does not consider the principal adverse impacts of its investment recommendations on Sustainability Factors (PASI). Given the obligations contained in the Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector (including the technical methodologies and data capture requirements this would reasonably entail) compliance is not assured among the different portfolio funds and companies that MEVP IV SCSp will invest in. As such, there is no assurance that MEVGP IV SARL will have access to clear, comparable and consistent data with which to report on principal adverse impacts of investment decisions on Sustainability Factors. This decision will, however, be kept under regular review.
View MEVP ESG Policy
Our ESG efforts are in collaboration with Capital Concept - ESG & Sustainable Finance Consultants .
Collaborating with Capital Concept provides significant benefits to MEVP, its investors, its portfolio companies, and the environment and society. It enhances the risk posture of MEVP, attract socially responsible investors, and create long-term value for investors and portfolio companies by identifying and mitigating ESG risks and opportunities. It also contributes to a more sustainable and resilient economy by promoting sustainable business practices and reducing negative environmental and social impacts.
About Capital Concept’s Methodologies
In December 2018, Capital Concept announced the release of their proprietary ESG Methodologies. These methodologies were developed in collaboration with United Nations Lebanon, IFC, and EBRD, and are anchored in UN's Business and Human Rights Guiding Principles. The methodologies underwent rigorous revisions by UNIDO, ILO, FAO, UNDP, and WHO before they were examined by IFC and EBRD. The Methodologies were highly praised during the Geneva UNBHR congress in November 2018 for their unique approach to investor protection.
MEVP has made it a top priority to invest in portfolio companies that strongly align with the United Nations Sustainable Development Goals (SDGs). We strategically focus on investing in profitable and disruptive technology start-ups while actively seeking out businesses that contribute to the achievement of multiple SDGs.
ESG and SDGs are linked through their shared goals of promoting sustainable development, responsible business practices, and the integration of environmental, social, and governance considerations into corporate decision-making. By incorporating ESG practices, companies will contribute to the achievement of the SDGs while creating long-term value and mitigating risks.
Altibbi is a healthtech startup that brings patients, clinics and insurance providers together on a unified platform. Millions of Arabs use Altibbi every day to access localized content, tele medicine, appointment booking and drug delivery services and enhance their medical journeys.
Basma is a teledentistry startup that offers direct-to-consumer (D2C) invisible aligners. Through this approach, Basma is cutting down the cost of getting orthodontic treatments by up to 65% and removing the need to see an orthodontist through quick remote service that can be done in three simple steps at home.
Clinicy is a healthcare SaaS platform that provides clinics and medical practices with digital tools for patient management, scheduling, and electronic medical records. It streamlines clinic operations and improves patient experience. The platform targets small to mid-sized healthcare providers. Healthcare SaaS driving 2M SAR Annual Revenue Recovered (532,800 USD) for clinics.
Arabic food recipes mobile application based on user-generated content targeting mainly the GCC
MealPlanet is a UAE-based platform that aggregates and simplifies healthy meal plan subscriptions, offering users access to brands and customizable plans across various diets and lifestyles. It enables easy comparison, flexible scheduling, and seamless subscription management through a single app. F&B platform aggregating 100+ brands.
Lamsa is the first cross-platform Digital Arabic Kids' World. Lamsa delivers interactive edutainment content targeting children aged 1 to 7 years old. Founded by experienced entrepreneur Badr Ward, Lamsa operates across the GCC and Levant markets providing children with a variety of Arabic Content (interactive books, rhymes, games, and videos), making it a destination of choice to more than 250,000 children and families.
AppliedAI is an AI solutions provider that develops custom machine learning and data analytics tools for enterprises. The company focuses on deploying AI to optimize operations, decision-making, and automation across industries. It combines proprietary models with client-specific integrations.
Dixio is a fintech infrastructure company providing API-based connectivity between financial institutions, corporates, and payment systems. Its platform enables secure, standardized messaging and integration across banking networks. Dixio focuses on simplifying financial data exchange and interoperability. Cross-border payments infrastructure serving 200+ clients across 60+ countries.
Fundbot is a supply chain financing platform that provides SMEs with working capital by financing invoices and purchase orders. It leverages alternative data and fintech infrastructure to improve credit access. The platform connects businesses, lenders, and financial institutions.
Ruya.ai is an AI-driven analytics platform that helps enterprises leverage data for predictive insights and automation. The company develops machine learning models tailored to business use cases. It focuses on improving operational efficiency and strategic decision-making.
SiFi provides digital financial services infrastructure, including payments, lending, and financial management tools. It targets SMEs and financial institutions seeking embedded finance capabilities. The platform enables scalable fintech integrations. Financial platform serving 4,000+ customers.
Spare is a fintech company based in Saudi Arabia that specializes in open banking solutions. Founded in 2019, Spare provides APIs for account data access, account-to-account payments, identity verification, and risk scoring.
Xfolio is a digital wealth management and portfolio tracking platform for investors and financial institutions. It provides tools for asset monitoring, reporting, and analytics. The platform aims to simplify investment management through technology.
Keyper is a property management platform that enables landlords to manage rentals, tenants, and payments digitally. It offers tools for leasing, maintenance, and financial tracking. Keyper aims to simplify real estate asset management by enabling paying rent in monthly instalments. Property management platform handling 2,200+ properties worth AED 12.8B and AED 71M in annual rent.
Zest Equity is a digital infrastructure platform for private market transactions, enabling the creation, management, and transfer of private securities. It streamlines deal execution and cap table management.
Ziina is a peer-to-peer payments app in the UAE allowing users to send and receive money instantly via mobile. It offers a simple, social payment experience. The company is expanding into broader fintech services. Fintech platform generating $15M ARR and AED 1.3B+ in payment volume.
The "Super App" of Pakistan. Bykea is a hyper-local marketplace providing ride-hailing, parcels, food delivery, and cash payments, leveraging a fleet of motorcycle drivers.
TheLuxuryCloset is the region’s largest and fastest growing online market place where users buy, sell and consign pre-owned luxury bags and accessories at a heavily discounted price. Based in Dubai, The Luxury Closet provides customers with thousands of pre-owned high-end luxury items and offers up to 70% discounts, authentication and instant item return guarantees.
