Dubai, UAE — Ogram, a leading provider of flexible staffing solutions, has successfully secured a $3 million non-dilutive investment from Tenami Capital. This significant partnership will fuel the company’s expansion into Saudi Arabia, with a primary focus on retail and hospitality sectors, marking a pivotal step in their mission to revolutionize workforce management.
The funding will enable Ogram to accelerate its geographic expansion, strengthen working capital, and introduce a new early payout program designed to empower Ogrammers. This innovative program offers faster payouts and enhanced control over pay cycles, leading to improved retention rates and higher worker satisfaction.
Key Highlights of the Investment:
- Geographic Expansion: The capital will enable Ogram to broaden its footprint in Saudi Arabia, unlocking new opportunities within key industries such as retail and hospitality.
- Early Payout Program: A game-changer for Ogrammers, the early payout program will ensure workers have faster access to their earnings, boosting retention and job satisfaction.
- Tenami Capital’s First Investment in Workforce Solutions: This marks Tenami Capital’s inaugural move into the workforce solutions space, underscoring their commitment to supporting fast-growing, tech-driven businesses.
Leadership Statements:
Shafiq Khartabil, CEO of Ogram, expressed his excitement about the investment, stating, “This funding deepens our impact in Saudi Arabia, ensuring both clients and Ogrammers experience the very best in workforce solutions. It marks a major milestone in our journey toward transforming the staffing landscape.”
Balsam Danhach, CFO of Ogram, added, “This investment is an investment in Ogrammers’ success. It strengthens our ability to enhance financial stability, improve retention, and deliver unparalleled service excellence.”
Natasha Hannoun, Managing Partner at Tenami Capital, commented, “Ogram embodies the innovation and growth that Tenami Capital is committed to scaling across the region. We are excited to support their expansion and the positive impact they are making on the workforce solutions industry.”
With this new partnership, Ogram is poised to continue its transformative journey, enhancing workforce flexibility and improving the staffing experience for businesses and workers alike in the region.
About Ogram
Ogram is a technology-driven workforce solutions provider offering flexible staffing services designed to meet the evolving needs of businesses in the retail and hospitality sectors. The company’s mission is to create a workforce ecosystem that empowers businesses with the ability to scale efficiently while providing workers with flexible, timely, and rewarding employment opportunities.
About Tenami Capital
Tenami Capital is a growth-stage investment firm focused on high-impact technology companies across the MENA region. With a commitment to supporting scalable businesses, Tenami Capital seeks to invest in companies that are shaping the future of industries through innovation and technology.