Insurtech

Public Markets

Rasan: A quiet toll bridge on Saudi's insurance float

Apr 15, 2026

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24 min read

Rasan: A quiet toll bridge on Saudi's insurance float

The Kingdom's first true fintech IPO is now a $2.8 billion company with 38% net margins, zero debt, and $198 million in cash. A forensic breakdown of Rasan's FY2025 audited accounts.

Jamie Lane

Algeria

Apr 10, 2026

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2 min read

Algerian founder Ines Boutemadja becomes the first Algerian woman in Y Combinator with AI insurance startup Klaimee

The company audits AI agents' architecture, processes and failure modes, then backs them with AI-specific liability coverage through a self-service platform aimed at startups deploying AI agents to enterprise clients.

Jamie Lane

Saudi Arabia

Saudi insuretech Rasan posts $174M in FY 2025, as net profit more than doubles

Feb 20, 2026

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3 min read

Saudi insuretech Rasan posts $174M in FY 2025, as net profit more than doubles

Saudi Arabia's largest insurtech with a market-cap of $2.8B reported net profit of $66 million, up 161% year-on-year, on $2.3 billion in gross written premiums across its platform. The Tadawul-listed company remains debt-free.

Jamie Lane

Startups

Dubai-based Mantas raises $1.77M Seed to tackle cloud downtime risk with parametric insurance

Jan 27, 2026

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2 min read

Dubai-based Mantas raises $1.77M Seed to tackle cloud downtime risk with parametric insurance

The round includes participation from Nuwa Capital, Suhail Ventures, Plus VC, OQAL Angel Syndicate, and a group of angel investors.

Jamie Lane

Interview

Building the GCC's first embedded insurance platform

Jul 18, 2025

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4 min read

Building the GCC's first embedded insurance platform

Yasmina’s CEO Masoud Alhelou on why insurance might be the next great fintech unlock in the region, what it takes to get regulatory approval in Saudi, how the team landed 12 distribution deals without a single salesperson.

Jamie Lane

Fintech

Saudi’s Yasmina raises $2M Seed to embed insurance into everyday transactions

Jul 14, 2025

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2 min read

Saudi’s Yasmina raises $2M Seed to embed insurance into everyday transactions

Founded in 2023 by Masoud Alhelou and Bashar Abalkhail, Yasmina integrates insurance directly into digital customer journeys, via a single API, allowing platforms in HR, auto, real estate, travel, and point-of-sale to offer protection products at checkout.

Jamie Lane

Interview

Apr 11, 2025

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6 min read

Inside Rabbit’s Saudi Expansion

Rabbit’s CEO Ahmad Yousry on localising dark stores, rejecting discount wars, and why winning quick commerce in MENA is a supply chain challenge — not a marketing one.

Jamie Lane