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DUBAI, 11 JANUARY, 2022. Match On Click on, a health and wellness startup based mostly within the UAE, has closed a $1.5M Pre-Sequence A funding spherical led by Arrow Capital, because it continues on its progress journey by means of Ventures Lab, the Enterprise Builder program launched final 12 months by Modus Capital and Hub71.
Based by husband and spouse duo Neha and Ben Samuel, Match On Click on has delivered health and wellness worker engagement packages to over 200 corporates to-date. The startup additionally just lately launched Fitze, a “reward as you progress” app that incentivizes its customers to earn cash and unlock rewards for each step they take.
Fitze was initially launched in Beta to encourage residents to remain lively throughout the COVID-19 lockdown. Since its official launch, the app has amassed a base of 20,000+ customers, hosted a number of company challenges, and partnered with over 100 manufacturers to offer various rewards.
“The funding got here on the proper time for us. Match On Click on has been within the business for the previous 5 years and we’ve got at all times targeted on progressive and customised well being options for corporates. We at the moment are widening our efforts to incorporate people and communities by means of Fitze, which was born from a imaginative and prescient to empower and reward UAE residents for every step they take.
“With the help of Arrow Capital and Ventures Lab, this funding spherical will permit us to strengthen our on-line product and scale quicker with a view to assist our communities construct and maintain lively existence,” mentioned Ben Samuel, Founder, and CEO at Match On Click on.
Arrow Capital, the lead investor within the spherical, will act because the monetary and strategic advisor to Match On Click on.
Sumit Mehta, Managing Director at Arrow Capital commented, “We’re thrilled to be investing in Match On Click on, a self-sustaining sports activities and health providers enterprise which has just lately pivoted and launched a digital app. Fitze highlights Ben and Neha’s potential to shift with market wants and create progressive methods to extend engagement between customers and shopper manufacturers, and we look ahead to becoming a member of them on their journey of inevitable progress.”
The startup can be one in all a choose few that has been accepted into Ventures Lab – the Enterprise Builder program run by Modus Capital, a Enterprise Builder and VC fund, and Hub71, a flagship Abu Dhabi authorities initiative that allows innovation and progress alternatives for tech startups.
Based mostly out of Abu Dhabi, Ventures Lab empowers entrepreneurs to speed up transformational concepts and construct sustainable and scalable startup ventures. Match On Click on joined this system with a specific deal with strengthening and scaling Fitze. Modus is working operationally with the staff to refine its product, strengthen the tech platform, and execute on consumer progress and retention methods.
Tania Minato, MD of UAE Enterprise Builders at Modus Capital shared her hopes for the staff, “Ben and Neha are precisely the kind of founders we wish to work with. They’re extraordinarily pushed and have an unwavering want to remodel the health house within the area. We’re happy with the progress they’ve made all through this system, and we’re excited to proceed working hands-on with them to empower their customers to leverage tech positively and reside a more healthy, extra fulfilled day-to-day life.”
This spherical marks the primary time Match On Click on has raised institutional funding after being self-funded since conception. Previous to this, Ben and Neha bootstrapped the startup and managed to efficiently maintain themselves all through product launches and consumer progress.
With the newly raised Pre-Sequence A funds by Arrow Capital and the operational experience from Ventures Lab, Match On Click on is predicted to quickly scale to the broader MENA area within the close to future.
ABOUT FIT ON CLICK
Match On Click on is a health and wellness service supplier, serving to corporates and residents within the UAE to reside actively by incorporating sports activities and well being into their day-to-day lives. Its newest launch, Fitze, goals to push communities to maneuver out of their consolation zone by buying and selling steps for rewards.
ABOUT ARROW CAPITAL
Arrow Capital is a boutique monetary and funding administration firm with places of work in Dubai (regulated by DFSA) and Mauritius. Arrow Capital operates the next traces of companies – Wealth Administration, Funding Administration, SPAC Sponsorship & Advisory and Company Finance. Arrow additionally performs an lively position in structuring best-of-class non-public funding alternatives for HNI traders, household places of work and establishments.
ABOUT VENTURES LAB
Ventures Lab is a Enterprise Builder program launched by Modus Capital and Hub71, empowering entrepreneurs to show transformational concepts into sustainable and scalable ventures based mostly out of Abu Dhabi.
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