45. Rasan

Total funding: $24 million
Insurtech and banking solutions
Founders: Moayad Alfallaj, Suliman Alfallaj, Thamer Alfallaj, Ayman Alfallaj
Nationality: Saudi
Investors: IMPACT46
Headquarters: Saudi Arabia
Date of establishment: 2016

Rasan offers insurance and banking solutions through Tameeni Motor, Tameeni SME Health, Awalmazad Motor Auctions, and TrezaMotor Leasing. It has eight million users. Tameeni enables retail customers to compare insurance prices and coverage, then select and pay for a policy. Treza supports vehicle leasing teams at banks. Rasan launched Awal Mazad, an online auction platform for bidding on vehicles in Saudi Arabia. The company operates in Egypt, the U.A.E., and Saudi Arabia. In 2021, customers used the platform to buy insurance policies worth over $674 million.