UAE-based Gainz secures seven-figure Pre-Seed round

UAE-based FinTech startup Gainz has successfully closed a seven-figure Pre-Seed funding round, combining equity and debt.

The round was led by Antler MENAP, Lithium Holdings, and Eleventh Invest Inc, with additional support from a group of high-net-worth individual investors from the region.

Gainz aims to address a $200+ billion funding gap faced by small and medium-sized enterprises (SMEs) in the Gulf, through a digital platform that provides Sharia-compliant alternative financing solutions.

Founded in December 2024 by Shehab Mokhtar and Sherif Abdel Aaty, the platform leverages AI-powered credit risk assessment tools, enabling businesses to launch working capital funding campaigns in a matter of days, instead of the traditional 2 to 4 months process.