Saudi-based Deep-Tech VC Fund Beta Lab makes strategic investment in Cross-Border fintech startup EximPe

'- Banglore, India, Singapore & Riyadh Saudi Arabia.Beta Lab, a leading Saudi venture capital firm specializing in deep tech innovations, is excited to announce its recent strategic investment in EximPe, marking a significant expansion into the MENA region. This collaboration aligns with Beta Lab's mission to disrupt traditional sectors through deep tech and supports our commitment to fostering innovative solutions that simplify complex challenges. The funding will be utilized to further Eximpe's mission of using technology to simplify cross-border transactions and expand its reach with SMEs.EximPe, a Singapore headquartered company which previously raised seed round led by Singapore based Leo Capital , leverages technology and AI / ML to revolutionize cross-border payments and trade financing for SMEs. Its tech platform is powered by the likes of DBS, SBM, and 30+ other banks and fintechs.In India, SMEs account for 40% of cross-border trade, facing high FX costs and trade finance barriers. EximPe's digital platform addresses these issues by offering competitive FX rates and simplified trade finance, tapping into a vast market of SMEs eager for cost-effective, accessible EXIM solutions. The platform is quickly becoming valued by Indian SMEs as their go-to cross-border finance and remittance platform.Quote from Dr. Abdulrahman Alolayan, CEO of Beta Lab"We are excited to be part of EximPe’s journey," said Dr. Abdulrahman Alolayan, the Founder and CEO of Beta Labs who also was the Founding CEO of Taibah Valley and Dammam Valley. "Saudi has a long relationship with India in trade. I see potential opportunities that EximPe can enable in this cross-border trade relationship between Saudi Arabia and Indian businesses. We are looking forward to supporting EximPe to help them achieve their full potential."Quote from Arjun Zacharia, founder of EximPe“This investment highlights Beta Lab's confidence in EximPe's innovative solutions for empowering cross-border trade for SME businesses.” ​​We aspire to be the go-to financial platform for SME Exporters and Importers (EXIM) in India and globally to be competitive and grow their businesses. The growth driver for this segment is the digitization-led transformation of the global supply chain and finance. High transaction costs and inefficient capital management are big challenges SMEs face, and we want to solve this.”About Beta LabBeta Lab stands at the forefront as a deep tech venture capital and co-creation studio, strategically centered on the convergence of deep tech and traditional sectors, where transformative potential exists to disrupt the status quo. With a visionary outlook, Beta Labs has positioned itself as a catalyst for the deep tech revolution in the Middle East and is on a mission to empower visionary entrepreneurs and creative minds to bring their groundbreaking ideas to life through our unique venture studio model.