10. Rasan Information Technology

Date of Establishment: 2016
Headquarters: Saudi Arabia
Description: Insurtech and banking solutions
Founders: Moayad Alfallaj, Suliman Alfallaj, Thamer Alfallaj, Ayman Alfallaj

Rasan offers insurance and banking solutions through Tameeni Motor, Tameeni SME Health, AwalMazad, and Treza Motor Leasing. It has over 10 million users. Tameeni enables retail and SME customers to compare insurance prices and coverage, then select and pay for a policy. Other brands under the company include Treza, which is a B2B leasing insurance platform connecting various banks with insurance companies, in addition to AwalMazad, an online auction platform helping insurance companies and banks selling salvaged or repossessed vehicles in Saudi Arabia. The company operates mainly in Saudi Arabia and has offices in Egypt and the U.A.E. In 2022, customers used the platform to buy insurance policies worth $1.2 billion. It plans for an IPO in 2023.