qarar Research by SuperAGI

Company Profile: Qarar

Background

Qarar is a leading decision analytics company specializing in consultancy, data analytics, and software technology to develop customer management and automation solutions tailored to each business's needs. Founded in 2013 and headquartered in Riyadh, Saudi Arabia, Qarar serves clients in retail banking and consumer credit across the Middle East and North Africa (MENA) region. The company's mission is to enable automation and digital transformation across financial institutions and FinTechs, revolutionizing their operations and critical business decisions, and reshaping consumer and SME credit landscapes. Qarar's vision is to set businesses on a course toward fully automated and accurate data-driven decision-making, optimizing actions for maximum profitability with minimal risk and proper compliance at every step.

Key Strategic Focus

Qarar's strategic focus centers on providing data-driven decisioning solutions to financial institutions and FinTech companies. The company's core objectives include:

Empowering Credit Decisions: Transforming consumer and SME credit decisions by integrating data proficiency and advanced analytics, enabling businesses to gain unparalleled insights, optimize operations, and enhance performance.

Strategic Business Partnerships: Collaborating with strategic partners, especially in fintech, SME lending, and digital transformation, focusing on Saudi Arabia to leverage local market knowledge and deliver exceptional value to clients.

Client-Centric Approach: Helping clients achieve their goals by providing data-driven models that predict credit risk, enhance portfolio management, integrate compliance measures, optimize collections, and identify cross-sell opportunities.

Qarar's primary areas of specialization include strategy, pricing, credit risk management, marketing, and sales analytics. The company utilizes advanced technologies such as machine learning algorithms and predictive analytics to develop customized solutions that support clients' digital journeys.

Financials and Funding

As of July 2025, Qarar's annual revenue is approximately $3.8 million. The company has established key partnerships with leading companies like Biz2X, Faysal Bank Limited, and Tarabut Gateway, indicating opportunities for collaborative solutions and cross-selling products. However, specific details regarding Qarar's funding history, total funds raised, recent funding rounds, and notable investors are not publicly disclosed.

Pipeline Development

Qarar has developed several key initiatives:

Cloud-Based Lending Platform: In August 2023, Qarar partnered with Biz2X to launch a cloud-based lending platform for small- to medium-sized businesses (SMBs) in Saudi Arabia. This platform aims to bridge the financing gap for SMBs by providing accessible and efficient lending solutions.

Hosted Decision Engine: In January 2024, Qarar collaborated with Faysal Bank Limited and DataCheck to launch the industry's first "Hosted Decision Engine" for consumer digital lending in Pakistan. This solution is designed to enhance the efficiency and accuracy of lending decisions.

These initiatives reflect Qarar's commitment to developing innovative solutions that address the evolving needs of the financial services industry.

Technological Platform and Innovation

Qarar distinguishes itself through its proprietary technologies and scientific methodologies:

Proprietary Technologies: Qarar offers a range of solutions in predictive data analytics to optimize business strategies and maximize profit.

Significant Scientific Methods: The company employs advanced analytical approaches, including machine learning and predictive modeling, to develop customized solutions that support clients' digital journeys.

Leadership Team

Qarar's leadership team comprises experienced professionals:

Humaid Mudhaffr: Chief Executive Officer

Nicolaas Westhuizen: Chief Operating Officer

Mohammed Alfaifi: Head of Project Management Office

Faris Alfrsani: Business Development Director

These leaders bring extensive experience in business consulting, data science, and software engineering, guiding Qarar's strategic direction and operational execution.

Competitor Profile

Qarar operates in a competitive landscape with several notable competitors:

Credit Benchmark: Specializes in providing credit consensus ratings and analytics.

Defaqto: Offers financial products and market intelligence services.

Akoni: Provides simple cash management tools for individuals and SMEs.

Ez-XBRL Solutions: Delivers XBRL-based business performance reporting and compliance solutions.

These competitors offer various services in the financial analytics and technology sectors, contributing to a dynamic and evolving market environment.

Strategic Collaborations and Partnerships

Qarar has established significant collaborations to strengthen its market position:

Biz2X: Partnered to launch a cloud-based lending platform for SMBs in Saudi Arabia, enhancing access to financing for small businesses.

Faysal Bank Limited: Collaborated to introduce a Hosted Decision Engine for consumer digital lending in Pakistan, improving the efficiency of lending decisions.

Tarabut Gateway: Formed a partnership to boost reliable, fast, and accessible lending solutions in the MENA region.

These partnerships enable Qarar to expand its service offerings and reach a broader client base.

Operational Insights

Qarar's strategic considerations include:

Major Competitors: Companies like Credit Benchmark, Defaqto, Akoni, and Ez-XBRL Solutions.

Market Position: Qarar holds a strong position in the MENA region, offering tailored solutions that address the unique challenges of businesses in these markets.

Competitive Advantages: Qarar's expertise in predictive analytics, strategic partnerships, and client-centric approach differentiate it in the competitive landscape.