{"id":16533,"date":"2020-11-23T13:28:00","date_gmt":"2020-11-23T10:28:00","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=16533"},"modified":"2026-03-27T19:48:47","modified_gmt":"2026-03-27T16:48:47","slug":"bidayatech-mena-first-reward-based-crowdfunding-platform-focusing-on-tech-startups-officially-launches","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/bidayatech-mena-first-reward-based-crowdfunding-platform-focusing-on-tech-startups-officially-launches\/","title":{"rendered":"BIDAYATECH; MENA FIRST REWARD-BASED CROWDFUNDING PLATFORM FOCUSING ON TECH STARTUPS OFFICIALLY LAUNCHES"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em>Bahrain First Crowdfunding Platform aims to be the go-to technology hub to support Tech Startups to bridge their funding gaps in the MENA region&nbsp;&nbsp;&nbsp;<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>(November 2020) Saudi Arabia \u2013\u00a0<\/strong>BIDAYATECH; MENA\u2019s first\u00a0Reward-Based Crowdfunding\u00a0platform launches to help Tech Startups overcome funding gap challenges in MENA. The platform with its diverse offerings will cater to all Tech Startups at every stage of the startup lifecycle. BIDAYATECH as a Fintech Startup aims to be the go-to technology hub for Tech Startups in the region, where it will empower founders to execute and close funding rounds to add momentum to their growth and scaling up.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a focused Reward-Based Crowdfunding platform, BIDAYATECH enables Tech Startups to create and launch a fundraising campaign through an assigned campaign page in the platform to pitch their product or service to the crowd. In return for backing a Tech Startup fundraising campaign, backers receive non-monetary (none-equity) rewards. Tech Startups have access to extended fundraising campaign types rather than being limited to one type. The campaign will run for sixty (60) days incorporating social media, digital tools, and emails to maximize reach and induce interest, besides the campaign owners network circles to pledge to the campaign with the objective of reaching the campaign funding goal.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/BIDAYATECH-Banner-1024x312.png\" alt=\"BIDAYATECH Banner\" class=\"wp-image-16535\" width=\"512\" height=\"156\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/BIDAYATECH-Banner-1024x312.png 1024w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/BIDAYATECH-Banner-300x91.png 300w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/BIDAYATECH-Banner-768x234.png 768w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/BIDAYATECH-Banner-1080x329.png 1080w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/BIDAYATECH-Banner.png 1400w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Unlike traditional fundraising methods, Tech Startups campaigning on BIDAYATECH platform will not loss equity or control or even getting into a loan and its obligations. Instead, they will only risk the loss of time and effort if the campaign goal was not reached. Plus, they can always capitalize on the knowledge gained to fine-tune and start a new fundraising campaign anytime.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BIDAYATECH encompasses key advantages for Tech Startups on its platform &#8211; the opportunity to test marketing channels which significantly expands the campaign\u2019s reach, promote their product or service to a vast audience which will eventually boost pre-money valuation. Also, attract backers and technology enthusiasts while expanding their followers and prospect customers.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Furthermore, as part of the campaign process, the platform rewards tier system allows startups to pre-sell their products or services at discount to their campaign backers. This accelerate market validation by reaching their targeted audience, while anticipating their specific questions and making compelling asks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The visionary behind BIDAYATECH is a veteran investment banker with over two decades of diverse and extensive experience as a VC &amp; PE professional and tech entrepreneurship with reputable financial institutions, family offices, and investment firms in the Arabian Gulf region.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/BIDAYATECH-official-Logo-300x300.jpg\" alt=\"BIDAYATECH official Logo\" class=\"wp-image-16536\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/BIDAYATECH-official-Logo-300x300.jpg 300w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/BIDAYATECH-official-Logo-1024x1024.jpg 1024w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/BIDAYATECH-official-Logo-150x150.jpg 150w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/BIDAYATECH-official-Logo-768x768.jpg 768w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/BIDAYATECH-official-Logo-1080x1080.jpg 1080w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/BIDAYATECH-official-Logo-440x440.jpg 440w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/BIDAYATECH-official-Logo.jpg 1200w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Founder &amp; CEO of BIDAYATECH, Dhafer Salih Alqahtani commented on the launch;&nbsp;\u201c<em>We are creating a platform that is totally inclusive by expanding the access to funding for all Tech Startups, and spur financial inclusion of more startups and their founders to pursue their dreams while adding value to their communities and the economy to reach new horizons<\/em><em>\u201d.&nbsp;<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Mr. Alqahtani elaborated further;\u00a0<\/em><strong><em>\u201c<\/em><\/strong><em>Our ultimate goal is to democratize fundraising, fast-track Tech Startups growth, and create jobs while supporting technology advancement and digital transformation. Especially, amidst unprecedented times with the current climate restricting movements and interactions. BIDAYATECH platform is an additional option for founders to receive funding by a novel alternative, embedding continuity and sustainability while reinforcing their confidence and determination during their entrepreneurial journey<\/em><strong>\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bahrain First Crowdfunding Platform aims to be the go-to technology hub to support Tech Startups to bridge their funding gaps in the MENA region&nbsp;&nbsp;&nbsp; (November 2020) Saudi Arabia \u2013\u00a0BIDAYATECH; MENA\u2019s first\u00a0Reward-Based Crowdfunding\u00a0platform launches to help Tech Startups overcome funding gap challenges in MENA. The platform with its diverse offerings will cater to all Tech Startups [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":16534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"0","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-16533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reward-Based Crowdfunding - MENA Tech Startups Launch | | Saudi Shopper<\/title>\n<meta name=\"description\" content=\"Reward-Based Crowdfunding platform BIDAYATECH officially launches in MENA to help tech startups bridge funding gaps and grow faster.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/saudishopper.com.sa\/en\/bidayatech-mena-first-reward-based-crowdfunding-platform-focusing-on-tech-startups-officially-launches\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reward-Based Crowdfunding - MENA Tech Startups Launch | | Saudi Shopper\" \/>\n<meta property=\"og:description\" content=\"Reward-Based Crowdfunding platform BIDAYATECH officially launches in MENA to help tech startups bridge funding gaps and grow faster.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/saudishopper.com.sa\/en\/bidayatech-mena-first-reward-based-crowdfunding-platform-focusing-on-tech-startups-officially-launches\/\" \/>\n<meta property=\"og:site_name\" content=\"Saudishopper\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SaudiShopper\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-23T10:28:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-27T16:48:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/11\/Dhafer-Salih-Alqahtani-PHOTO.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mohamed Ghamdi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ssict\" \/>\n<meta name=\"twitter:site\" content=\"@ssict\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Ghamdi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/bidayatech-mena-first-reward-based-crowdfunding-platform-focusing-on-tech-startups-officially-launches\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/bidayatech-mena-first-reward-based-crowdfunding-platform-focusing-on-tech-startups-officially-launches\\\/\"},\"author\":{\"name\":\"Mohamed Ghamdi\",\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/#\\\/schema\\\/person\\\/c91ff01097dcdc0d20ea79378eb83440\"},\"headline\":\"BIDAYATECH; 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