Ecosystem

Jordan’s BeyondCapital selects first batch of entrepreneurs for its entrepreneur support program

BeyondCapital, the newly launched joint-effort of Endeavor Jordan, Silicon Badia, and USAID to support startups and entrepreneurs in Jordan has announced its first batch of 7 entrepreneurs representing 6 companies, who will go through its entrepreneur support program.

Launched last year, BeyondCapital will support these entrepreneurs through its two-year comprehensive program, that will provide them access to Endeavor’s network of business leaders, entrepreneurs and investors to provide investments, mentorship, and training.

The entrepreneurs and startups that have made it to the program are following.

Ali Tabbalat – Solfeh

Ali Tabbalat’s Solfeh is a FinTech startup that offers micro-loans of up to 1,000 Jordanian Dinars (~$1,400) to its users. The platform enables users to request at-the-spot emergency cash when needed. Solfeh handles the entire loan process on behalf of employer, which includes assessing the employee’s credit rating, structuring the loan contracts, and processing the loan payments. The startup claims to make decisions on the loan applications within fifteen minutes of submission. In-case the application has been successful, users can collect money from authorized money changers and repayments are deducted directly from their salary.

Mohammad Majdalawi – AqarCircle

Mohammad Majdalawi is the founder of AqarCircle, an online property marketplace that allows people to list their commercial and residential properties for sale or rent. The platform connects users directly with the the owners for free without any hidden fee or commissions. It aims to become the largest data-bank of online property deals in MENA by providing different types of solutions to real estate companies and individuals.

Hussein Abu Hassan – BeMotion 

BeMotion, founded by Hussein Abu Hassan has developed a Platform as a Service software solution that helps its customers launch different types of SaaS businesses. They claim to be the first company in the world to introduce a developer’s platform to launch new mobile commerce network businesses. According to BeMotion’s website, their clients and partners include names like Starbucks, Uber, Ikea, Shell, H&M, Adidas, and iShop.

Mohammad Al Battikhi – Bilforon

Mohammad Al Battikhi represents Bilforon, a Jordanian startup that enables users to buy home-cooked meals through its web-based platform. Just like Egyptian startup Mumm, Bilforon works with women and men working from home, making these meals to sell on their platform. Most of the customers of the startups are working parents and catering companies.

Zaid Masri – Salalem

Zaid Masri is the founder of Salalem, is an EdTech startup that offers custom learning solutions to companies to help them train their employees and award them with certificates, and schools to help them educate children. The startup designs the content and pretty much everything for the courses from scratch with the help of subject matter experts in its network. Currently, Salaem Enterprises, its training solution for the banking sector is being used by 6 banking clients across three countries.

Saib Taimeh – Arion Motors

Saib Tamieh represents Arion Motors, the first Jordanian motorcycle manufacturer that manufactures affordable motorbikes in the country. According to its websites, Arion has an in-house research center where it has developed different technologies including Arion enginer, leaning trike project and motorbike gear. The company currently offers four different models of motorcycles that go as high as 350 CC (in specs) with top speed of 140 KM/hour. , Leaning Trike Project, as well as motorbike gear. Arion aims to become an international brand taking Jordanian manufactured bikes to different markets beyond Jordan.

Tamer Al Salah, the Managing Director of BeyondCapital, speaking about the selection of these entrepreneurs, said: “The next phase encompasses needs’ assessment sessions with each of the selected companies, to identify strengths and weaknesses and set priorities to tackle each challenge and fulfill the gaps hindering the growth of the company to reach its utmost potential. BeyondCapital will provide entrepreneurs with access to top experts and mentors, markets, capital, as well as professional subsidized consultancy and training services.”

Zubair Naeem Paracha

Contributor at MENAbytes
An HR Consultant based in Riyadh who has always been passionate about tech and startups. Currently trying to build his own startup, Qraar. You can reach him on Linkedin,  Twitter or zubair [at] menabytes [dot] com.

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