We engaged in a Class B investment round of Bayzat, led by Mubadala Investment Fund, Point72 Ventures, and other companies.
Bayzat was established in 2013 and is headquartered in Dubai, UAE. A technology company specialized in providing insurance and human resources solutions for employed individuals or SMEs and startups.
Bayzat has developed Bayzat Benefits, a human resources cloud platform to support SMEs in automating human resources management and managing payroll and health insurance procedures.
The platform also allows human resources teams to manage and control employee records, leave requests, and authorizations, in addition to enabling employers to process payroll, compensation, and financial advances for their employees through EarlyPay. Moreover, it delivers other benefits for employees, human resources teams, and employers.
According to the company's website, Bayzat today helps more than 30,000 employees through its services to many companies such as Fetcher, Subway, Mumzworld, and others.