Social Network Website Seeking Loan in Riyadh, Saudi Arabia

The promoter is a certified marriage contract registrar, that has for years worked individually to connect people interested in marriage. The promoter later decided to expand the experience by creating a website.
- The promoter has already tested the matchmaking platform, which generated revenue during the test period, validating the business model.
- Due to the rapid growth in revenue, the decision was made to pause operations and seek investors to form a business and further scale the business by further developing the website and mobile app.
- It will be available via both app and website and will specialise in offering exclusive, subscription-based matchmaking services for marriage in Saudi Arabia.
- The company has not been registered yet.
- Online marriage and dating market in Saudi Arabia is estimated to surpass 800 million SAR by this year, growing at a CAGR of 8.3%.
- We have multiple revenue model options, yet to be decided including free basic services, optional subscription packages for premium features, and additional fees for specialized services like messaging and AI functionalities.
- Our plan includes offering an attractive premium membership at 89 SAR/month and a differentiated VIP Membership priced between 699 to 799 SAR for three months, providing customized services.
- Boasts the competitive advantage as the first Saudi marriage platform utilizing AI, enhancing matching accuracy by 30% while catering to local cultural preferences.
- Provides a complete user experience with post-service support and personal engagement, filling gaps in existing local platforms while addressing cultural values through a 100% Saudi approach.
- Projected revenue growth in this sector is between 8% and 12% annually, with market revenues expected to reach 220-250 million USD in the coming years.