# @bytecastdaily on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DcHjQpbIRKo
- **Gondola URL:** https://gondola.cc/posts/69265284-bytecastdaily-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/92a937418c.jpg
- **Posted:** 2026-08-16T22:36:36.000+00:00
- **Account Owner:** Bytecast Daily (@bytecastdaily) — https://gondola.cc/bytecastdaily

## Caption

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 markets, where gig-economy mobility platforms continue to experience rapid adoption. Naran plans to deploy the $10 million payload toward expanding vehicle fleet acquisitions, deepening integration with major regional ride-hailing networks, and enhancing its automated risk-assessment algorithms to support long-term credit underwriting as it scales across new territorial markets.

#MENATech #Fintech #MobilityTech #StartupFunding #TechInMiddleEast

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## Tags

startupfunding, techinmiddleeast, menatech, mobilitytech, fintech

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