UAE-headquartered mobility fintech startup Naran has officially secured $10 million in a combined equity and debt financing round led by investment firm Landel. The new capital injection is structured to accelerate the platform’s international expansion and scale its proprietary asset-backed vehicle financing infrastructure across the Middle East, North Africa, Latin America, and West Africa. Naran operates a tech-enabled rent-to-own platform tailored specifically for ride-hailing drivers and gig-economy transport entrepreneurs who face significant structural barriers when attempting to secure traditional banking credit. By leveraging alternative data scoring, real-time vehicle telemetry, and flexible payment terms ranging from 12 to 60 months, Naran bridges the persistent credit gap for underbanked drivers while providing them with a clear path toward asset ownership. The timing of the raise underscores the growing institutional appetite for asset-backed fintech models across emerging...