Biyatto Company Profile

Background

Overview

Biyatto is a purpose-driven online social marketplace established in 2024, headquartered in Dubai, United Arab Emirates. The platform reimagines the future of work by enabling individuals to exchange AI-enhanced skills and services without traditional job boundaries or monetary transactions. Users can showcase their competencies, fulfill others' needs, and be rewarded with digital value in a peer-to-peer, commission-free environment.

Mission and Vision

Biyatto's mission is to empower individuals globally by providing a platform where they can share, sell, and discover digital products and services. The vision is to create a social-driven commerce environment that fosters connections and transactions, allowing everyone to participate regardless of their location.

Industry Significance

Operating within the consumer goods and online marketplace sectors, Biyatto addresses challenges in the digital labor economy, such as high commission fees on freelancing platforms and the exclusion of non-professionals from traditional job markets. By eliminating middlemen and offering a system that values mutual satisfaction, Biyatto aims to transform the way individuals engage in digital commerce.

Key Strategic Focus

Core Objectives

Empowerment: Enable individuals to showcase their skills and competencies, facilitating peer-to-peer transactions without traditional job constraints.

Global Accessibility: Provide a platform that is accessible to users worldwide, promoting inclusivity and diversity.

Innovation: Utilize AI and digital currency to enhance user experience and streamline transactions.

Areas of Specialization

Digital Products and Services: Focus on a wide range of digital offerings, including content creation, education, and programming.

Social-Driven Commerce: Foster a community-driven marketplace where interactions lead to meaningful connections and transactions.

Key Technologies Utilized

Artificial Intelligence (AI): Employ AI to match users based on competencies and needs, enhancing the efficiency of transactions.

Digital Currency (Be-Points): Implement an internal currency system that allows users to earn and trade within the platform.

Primary Markets Targeted

Global Market: Open to users from any country, promoting a borderless digital economy.

Financials and Funding

Funding History

Biyatto has secured funding through a seed round announced on July 15, 2025, led by FasterCapital. The total amount raised remains undisclosed.

Utilization of Capital

The capital raised is intended to support Biyatto's growth initiatives, including product development, market expansion, and the enhancement of platform features to better serve its global user base.

Pipeline Development

Key Pipeline Candidates

Biyatto is in the early stages of developing its platform, focusing on building a robust infrastructure that supports a wide range of digital products and services. The company is also working on integrating AI capabilities to facilitate efficient user interactions and transactions.

Anticipated Milestones

Platform Launch: Expected to roll out the initial version of the platform in the coming months.

User Acquisition: Aim to onboard a significant number of users within the first year to establish a strong community.

Feature Expansion: Plan to introduce additional features, such as advanced AI matching algorithms and expanded digital currency functionalities, in the subsequent phases.

Technological Platform and Innovation

Proprietary Technologies

Be-Points System: An internal digital currency that enables users to earn and trade within the platform, fostering a self-sustaining economy.

Significant Scientific Methods

AI Matching Algorithms: Utilize artificial intelligence to match users based on their competencies and needs, enhancing the efficiency and relevance of transactions.

Leadership Team

Key Executives

Farhad Kusiayie: Chief Executive Officer (CEO)

Farhad Kusiayie serves as the CEO of Biyatto, leading the company's strategic direction and overall operations.

Atefe Ghasabi: Chief Product Officer (CPO)

Atefe Ghasabi is the CPO of Biyatto, responsible for overseeing product development and ensuring the platform meets user needs.

Reza Naami: Chief Technology Officer (CTO)

Reza Naami serves as the CTO of Biyatto, leading the technological development and integration of AI capabilities within the platform.

Competitor Profile

Market Insights and Dynamics

The online marketplace and digital product sectors are experiencing rapid growth, driven by increasing global internet penetration and the demand for flexible work arrangements. Platforms that offer peer-to-peer transactions and eliminate traditional job boundaries are gaining traction.

Competitor Analysis

Fiverr: A global online marketplace for freelance services, connecting businesses with freelancers offering digital services.

Upwork: A platform that connects businesses and independent professionals for various projects, including digital services.

Etsy: An e-commerce platform focused on handmade or vintage items and craft supplies, catering to a global community.

Strategic Collaborations and Partnerships

Biyatto has been accepted into the Acceleration program of FasterCapital, which supports startups in building their product, increasing sales, entering new markets, finding investors, and preparing their documents.

Operational Insights

Biyatto differentiates itself by eliminating commission fees and middlemen, offering a commission-free environment that values mutual satisfaction. The platform's focus on AI-driven matching and digital currency integration provides a unique value proposition in the market.

Strategic Opportunities and Future Directions

Biyatto aims to expand its user base globally, leveraging its unique value proposition to attract a diverse community. Future developments include enhancing AI capabilities, expanding digital currency functionalities, and introducing new features to improve user experience and engagement.