Egyptian e-procurement startup Teradix has received a $140,000 grant from the TAQADAM Accelerator program, supported by King Abdullah University of Science and Technology (KAUST), to fuel its entry into the Saudi Arabian market. This financial backing is set to advance Teradix’s mission of transforming procurement processes for businesses within the Kingdom.
Established in 2019, Teradix provides a digital procurement platform that aims to optimize cost savings and enhance operational efficiency for businesses of varying sizes. The startup plans to utilize the grant to fast-track its growth and solidify its role as a prominent player in Saudi Arabia’s e-procurement landscape.
The funding not only underscores Teradix’s innovative approach but also equips the company with critical resources to better serve clients in Saudi Arabia, promising streamlined procurement solutions that could set a new standard for efficiency in the region.
