Egyptian e-procurement solutions provider, Teradix, has secured a grant of US$140,000 from the TAQADAM Accelerator programme at King Abdullah University of Science and Technology (KAUST). This funding is aimed at supporting Teradix’s strategic expansion into the Saudi Arabian market.
Teradix, founded in 2019 by Khaled Aboshady, specializes in offering a comprehensive suite of procurement solutions. These solutions are designed to enhance savings and streamline operations for businesses of various sizes.
The startup has been recognized with a US$140,000 grant from the esteemed TAQADAM Accelerator programme at KAUST. This grant is intended to assist Teradix in transforming procurement processes within the Saudi market. The funds will be utilized to expedite the company’s growth and establish its position as a leading entity in the e-procurement sector.
Khaled Aboshady, the founder of Teradix, expressed his enthusiasm about the grant, stating;
Winning this grant from the TAQADAM Accelerator programme is a testament to our team’s sheer focus and efforts. It not only validates our innovative approach to e-procurement but also provides us with the vital resources to expand our presence in the Saudi market and deliver unparalleled value to our clients in the Kingdom.
