Flat6Labs Second Demo Day in Riyadh

Company Brief

Blomal specializes in investing in both public equity markets and regulated private investment funds. In Public Markets, users can effortlessly construct portfolios and analyze stocks, sectors, and markets without prior knowledge. On Private Markets, we offer access to high-quality, regulated, diversified private alternative investments with multiple asset managers, providing both open-ended and closed-ended funds—all available for as low as SAR 100.

Product

– Complete platform for investing in private funds

– Advanced analytical tools to provide a curated portfolio building experience

Target Market 

KSA

Industry

FinTech 

Business Model

Private: Flat subscription fees of 2% for each fund and 1% from fund managers.

Public: 3-tiers Subscription model.

Target Customer

Retail, Certified and Institutional Investors.

Company Brief

CLEARFORCE is a pioneering trade technology company specialized in cross-border trade facilitation and compliance services.

Product

– Digital Platform Streamlining Clearance Service Requests & Execution Workflows.

– Traceability features enabling workflow alignment across company functions.

– Files, payments and invoices management.

Target Market

KSA

Industry

Transportation & Logistics

International Trade

Business Model

– Markup on vendor prices, 5-20% per transaction

– SaaS Platform Subscription plans (Mid-Term)

– Enterprise Solutions (For Large Corporations) (Late Mid Term)

Target Customer

– Wholesalers

– Retailers

– Shippers

– Manufacturers

Company Brief
Dawafast provides a tech solution that offers wide range of pharmacy needs in under 30 minutes that are not available over on-demand delivery apps. Dawafast relies on connecting with a large network of pharmacies, enabling it to provide all pharmaceutical categories and saving the customer the hassle of searching for their needs.

Product
– Fast and simple mobile app for ordering wide variety of pharma products
– Guaranteed availability because of the fast accessibility of the vendors inventory and availability.
– Fast delivery because of the driver routing mechanism that our product offers for fast service
– Loyalty program to ensure loyalty of the customers

Target Market
KSA

Industry
HealthTech

Business Model
– Commission Based
– Delivery Fees

Target Customer
Typical users & patients

Company Brief
Our mission is to provide a unique residential experience by connecting guests with hosts, and simplifying the booking process for accommodations for everyone from first-time travelers to seasoned travelers.

Product
Specialized in showcasing and renting out vacation rentals. It serves both property owners, by offering a robust dashboard to managing their listings, and guests, by presenting a variety of unique properties for an exceptional stay.

Target Market
KSA

Industry

Tourism – PropTec

Business Model
– 22% Commission based marketplace
– 30% Property management

Target Customer
Guest: Families, Group of friends, Solo, and Business travelers.
Host: Individuals & Property management co.

Company Brief
An English-learning app that offers enjoyable graded stories to build a competent level of vocabulary from a beginner to an advanced level for language proficiency.

Product
We strongly compete with other apps by driving our content differently, supported by our partner, Oxford. We use technology to help learners gradually acquire all the necessary skills and reach a professional level. Additionally, we offer direct support and monitoring to enhance the user’s learning experience, setting us apart from others.

Target Market
KSA

Industry
EdTech

Business Model
Subscription packages

Target Customer
B2C (ESL Learners),
B2B (Students)

Company Brief
A one-stop-shop software for the real estate professionals to manage listings and teams, publish on a dedicated website, and transact the deal (not a marketplace).

Product
– Publishing dedicated realtor website
– Filter properties and customers
– Team management
– Invoicing
– Listing management
– Sales funnel

Target Market
KSA

Industry
Real Estate, PropTech

Business Model
– SaaS CRM for agents: 14 days free trial, 199 SAR monthly, 99 SAR for each new member monthly.
– SaaS CRM for short-term rental operators: 14 days free trial, 299 SAR monthly, 99 SAR for each new member monthly.
– Payment Solution:a % for each transaction (e.g. rent, downpayment, reservation, etc.)

Target Customer
Direct: real estate professionals (with a FAL license)
Non-direct: property buyers, renters, sellers, etc.

Company Brief
Swarm Robotics is a pioneering company in the fields of robotics, Internet of Things (IoT), and software technology. Focusing on the logistics and manufacturing sectors, the company is dedicated to revolutionizing manufacturing and intralogistics operations and simplifying complex business processes through Autonomous Mobile Robots (AMRs), Cobot Arms, and Digitization and Simulation software. The company is proud to be accredited by CITC Manasaat Tech and the Ministry of Industry and Mineral Resources as a vendor of robotics and digital solutions. Swarm Robotics has successfully deployed robots in the military and 3C electronics industries, and is currently in the process of deploying in the automotive sector.

Product
Swarm Robotics offers a range of robotic and automation solutions, including Autonomous Mobile Robots (AMRs), Autonomous Forklifts, Cobot Arms, Industrial Robotic Arms, Digitization Software, and Simulation Software.

Target Market
KSA

Industry
Robotics & Digital Solutions

Business Model
– Direct Sales of Robotic/Software Solutions
– Robots/Software Solutions as a Service
– Robotics Lease Program
– Consulting Services

Target Customer
Factories, Warehouses, and 3rd Party Logistic

Company Brief
An online educational platform that offers educational and technical resources assist students in preparing for standardized tests and excelling in their academic curricula, in collaboration with specialized instructors and educators.

Product
For Students: Interactive Educational Resources and Technical resources (Coursec & Tech features)
For Instructors: Course Management Hub

Target Market
KSA

Industry
EdTech

Business Model
B2C: Subscriptions to course and tech features | 90-300 SAR
B2B: Package of subscriptions | starts from 8750 SAR

Target Customer
High School and University Students
Private Schools and Universities

Company Brief
UDAWI bridges the gap between healthcare providers, businesses, and individuals. For businesses, we streamline regulatory medical testing for staff, handling all logistics, saving time and costs. For individuals, we revolutionize out-of-pocket medical expenses, offering significant discounts within our network and flexible installment payment options. Our digital platform seamlessly integrates with hospital systems, making private healthcare more accessible and affordable, encouraging more individuals to seek the care they need.

Product
– UDAWI Basic: revolutionizes individual healthcare access by offering a wide range of services at reduced prices with a free subscription model. Operational and efficient, it’s a cornerstone in making healthcare affordable and accessible for individuals.
– UDAWI Checkup: streamlines corporate health checkups, offering businesses a simplified solution for maintaining employee health. Already launched, it enhances workplace wellness efficiently and effectively.
– UDAWI Care: Launching in Q3 2024, it is a subscription-based service providing essential healthcare services, including unlimited consultations and lab work. It’s an affordable solution for comprehensive, essential healthcare access.

Target Market
KSA

Industry
HealthTech
Business Model
– Udawi Basic: 10-30% claw-back from providers
– Udawi Checkup: 15-30% margin

Target Customer
– Individuals who seek affordable private healthcare.
– Business that need comply with mandated government checkups for their employees

Company Brief
A B2B2C full-stack insurtech disrupting the retail insurance market. While acting as an MGA with their insurance and reinsurance partners, Wa’ad provides end-to-end digital insurance (product development, point-of-sale software, claims management, customer support) distributed through banks, telcos, brokers, etc., enabling them to offer and manage insurance policies. Currently the largest insurtech in Pakistan, Wa’ad’s founder relocated to Riyadh in Q2 2023 to expand operations to Saudi Arabia. They have since signed with Malath Insurance as partners and various local banks as distributors.

Product
Flagship Launch Product
Protection & Savings Plan (P&S)
– Long term (15 years+) premium contract
– Increased product value vs. current market due to lean team and tech
– Breakeven in 3 vs. 7 years
Future Products
– Group Health Insurance for SMEs
– Marine Insurance
– Motor Insurance

Target Market
KSA / Pakistan

Industry
InsureTech

Business Model
Yearly/monthly insurance premium

Target Customer
– Young population
– Growing private sector
– Increasing female workforce
– Single parents / mothers