Soum

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At Soum, we're on a mission to build a marketplace that enables users to buy and sell anything online with convenience, trust, and ease starting in the MENA market. We began with second-hand electronics in KSA, becoming market leaders, and are now expanding to used cars and collectibles. In just two years, we've facilitated hundreds of thousands of transactions across 150+ locations in the Kingdom, maintained 10,000 active listings at any given time, earned the distinction of being the 10th most downloaded e-commerce app in KSA for 2023, and received more than 5 million app downloads. Our team, Soumers, have worked in over 14 countries from the US to South Korea. We are always on the look out for the best and brightest to join. We look beyond resumes and titles, we look for the innovators, the hungry, the go-getters. We offer them the autonomy to experiment, learn, fail, and grow. Every transaction on Soum is guaranteed; we hold funds until the item is delivered and confirmed by the buyer, thanks to our proprietary fulfillment and payment systems. This ensures a secure and reliable marketplace experience. Soum has pioneered a solution that have transformed digital commerce for sellers in the wider region: Individuals: Enjoy unique home pick-up and delivery services, secure payments, and transaction guarantees for worry-free selling. Small Businesses: Sell faster and reach a wider audience with our dedicated "Merchant App." Teleco and retail partners: Gain optimal returns with bulk-selling options, comprehensive inspections, and efficient warehouse management. We deploy AI models to power our marketplace with personalized recommendations, dynamic pricing, predictive analytics, and fraud detection, ensuring a smarter, safer, and more efficient platform for our users. Soum is backed by local and regional investors including, amongst others, Jahez Group, Isometry Capital, and Al Rajhi Partners and have raised $22Mn to date.

Company Details

Employees
114
Founded
-
Address
Riyadh, Sa
Industry
Internet Marketplace Platforms
NAICS
Wholesale Electronic Markets and Agents and Brokers
Business to Business Electronic Markets
Wholesale Trade Agents and Brokers
Keywords
Sary.
HQ
Riyadh
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News

Arvakheer Soum (Mongolia) | Digital Villages Initiative in Asia and the Pacific - Food and Agriculture Organization

Arvakheer Soum (Mongolia) | Digital Villages Initiative in Asia and the Pacific Food and Agriculture Organization

The Uzbek Soum Shows Strong Performance - UzDaily.uz

The Uzbek Soum Shows Strong Performance UzDaily.uz

Re-commerce marketplace Soum gets $18M backing to scale in MENA - TechCrunch

Re-commerce marketplace Soum gets $18M backing to scale in MENA TechCrunch

Uzbekistan increases soum loan rates as deposit yields slip - Daryo.uz

Uzbekistan increases soum loan rates as deposit yields slip Daryo.uz

Dollar drops, Uzbek soum strengthens - Zamin.uz

Dollar drops, Uzbek soum strengthens Zamin.uz

Soum raises $18 million Series A round led by Jahez - Wamda

Soum raises $18 million Series A round led by Jahez Wamda

Uzbek Soum Strengthens by 2.26% Since Start of Year - UzDaily.uz

Uzbek Soum Strengthens by 2.26% Since Start of Year UzDaily.uz

SoOum Corp (SOUM) Announces $365,000 in Revenue and Provides Updates On Other Western Grade Projects - Yahoo Finance

SoOum Corp (SOUM) Announces $365,000 in Revenue and Provides Updates On Other Western Grade Projects Yahoo Finance

SOUM Raises USD18 Million Series A Round Led by Jahez - waya.media

SOUM Raises USD18 Million Series A Round Led by Jahez waya.media

Saudi online marketplace Soum closes $18m in a series A funding round - Arab News

Saudi online marketplace Soum closes $18m in a series A funding round Arab News

“Primary Health Care Services Delivered By Soum And Family Health Centers” training and experience sharing activity in Dornogobi province - World Health Organization (WHO)

“Primary Health Care Services Delivered By Soum And Family Health Centers” training and experience sharing activity in Dornogobi province World Health Organization (WHO)

A future Tokyo. Malefic Time: Soum - Metalocus

A future Tokyo. Malefic Time: Soum Metalocus

Top Currencies Weaken Against Uzbek Soum - Kursiv Media Узбекистан

Top Currencies Weaken Against Uzbek Soum Kursiv Media Узбекистан

Why don't Uzbeks trust soum? Understanding ongoing preference for dollar - Daryo.uz

Why don't Uzbeks trust soum? Understanding ongoing preference for dollar Daryo.uz

Burkina Faso: Emergency Multi-Sectoral Assessment - Soum, Oudalan and Sanmatenga Provinces - Sahel and Centre-North Regions (May 2019) - ReliefWeb

Burkina Faso: Emergency Multi-Sectoral Assessment - Soum, Oudalan and Sanmatenga Provinces - Sahel and Centre-North Regions (May 2019) ReliefWeb

Uzbek Soum Continues Gradual Appreciation - UzDaily.uz

Uzbek Soum Continues Gradual Appreciation UzDaily.uz

Saudi C2C marketplace Soum raises $4 million Seed round - Wamda

Saudi C2C marketplace Soum raises $4 million Seed round Wamda

Saudi-based marketplace Soum emerges to raise $4m seed round - Arab News

Saudi-based marketplace Soum emerges to raise $4m seed round Arab News

The soum is rapidly declining - UzDaily.uz

The soum is rapidly declining UzDaily.uz

Uzbek Soum Weakens Due to Seasonal Factors and Decline in Export Revenues - UzDaily.uz

Uzbek Soum Weakens Due to Seasonal Factors and Decline in Export Revenues UzDaily.uz

Gold Rally Provides Support for the Uzbek Soum - UzDaily.uz

Gold Rally Provides Support for the Uzbek Soum UzDaily.uz

Uzbek soum among top 10 weakest currencies in the world - Kun.uz

Uzbek soum among top 10 weakest currencies in the world Kun.uz

Uzbek soum depreciated 4.71% against US dollar in 2024 – News from Uzbekistan - Газета.uz

Uzbek soum depreciated 4.71% against US dollar in 2024 – News from Uzbekistan Газета.uz

CBU: Stable Soum Exchange Rate Benefits Economy and Public Debt - UzDaily.uz

CBU: Stable Soum Exchange Rate Benefits Economy and Public Debt UzDaily.uz

Uzbek Soum Remains Stable Against Major Currencies - Kursiv Media Узбекистан

Uzbek Soum Remains Stable Against Major Currencies Kursiv Media Узбекистан

CB: 400,000-soum banknotes circulating on the Internet are fake - Kun.uz

CB: 400,000-soum banknotes circulating on the Internet are fake Kun.uz

The Soum Shows a Stable Week - UzDaily.uz

The Soum Shows a Stable Week UzDaily.uz

The Uzbek Soum Continues to Strengthen - UzDaily.uz

The Uzbek Soum Continues to Strengthen UzDaily.uz

Uzbek soum weakens further - UzDaily.uz

Uzbek soum weakens further UzDaily.uz

Uzbek soum continues to weaken - UzDaily.uz

Uzbek soum continues to weaken UzDaily.uz

US dollar exchange rate on the rise against Uzbek soum - Kun.uz

US dollar exchange rate on the rise against Uzbek soum Kun.uz

US dollar, euro, ruble exchange rate up against soum - Kun.uz

US dollar, euro, ruble exchange rate up against soum Kun.uz

Currency exchange: US dollar, Euro up against the Soum - Kun.uz

Currency exchange: US dollar, Euro up against the Soum Kun.uz

CB clarifies what will happen with 50,000-soum and 100,000-soum banknotes that are in circulation - Kun.uz

CB clarifies what will happen with 50,000-soum and 100,000-soum banknotes that are in circulation Kun.uz

Economist analyzes depreciation of Uzbek soum against US dollar - Kun.uz

Economist analyzes depreciation of Uzbek soum against US dollar Kun.uz

Riyadh-based secondhand products marketplace Soum raises $18mn; eyes $40bn MENA market - Arabian Business

Riyadh-based secondhand products marketplace Soum raises $18mn; eyes $40bn MENA market Arabian Business

What is the main reason for devaluation of the soum? - Kun.uz

What is the main reason for devaluation of the soum? Kun.uz

Central Bank of Uzbekistan to issue 200,000-soum banknotes - Kun.uz

Central Bank of Uzbekistan to issue 200,000-soum banknotes Kun.uz

The dollar and euro exchange rate rose again: the soum is under pressure - Zamin.uz

The dollar and euro exchange rate rose again: the soum is under pressure Zamin.uz

Uliastai soum now has safe water supply - Unicef

Uliastai soum now has safe water supply Unicef

Geopolitical tensions and inflation are shifting the Uzbek soum to new lows - UzDaily.uz

Geopolitical tensions and inflation are shifting the Uzbek soum to new lows UzDaily.uz

Currency exchange: US dollar down, Euro up against Uzbek soum - Kun.uz

Currency exchange: US dollar down, Euro up against Uzbek soum Kun.uz

Mahallas to be renewed: a 7-trillion-soum program launched - Zamin.uz

Mahallas to be renewed: a 7-trillion-soum program launched Zamin.uz

Devaluation percentage of Uzbek soum against US dollar in 2019 announced - Kun.uz

Devaluation percentage of Uzbek soum against US dollar in 2019 announced Kun.uz

US dollar, Euro go sky-high against Uzbek soum - Kun.uz

US dollar, Euro go sky-high against Uzbek soum Kun.uz

Uzbekistan’s soum depreciated by 10% in 2020 - Kun.uz

Uzbekistan’s soum depreciated by 10% in 2020 Kun.uz

US dollar, Euro, Russian ruble up against Uzbek soum - Kun.uz

US dollar, Euro, Russian ruble up against Uzbek soum Kun.uz

Central Bank starts circulating 1,000-soum coins (photo) - Kun.uz

Central Bank starts circulating 1,000-soum coins (photo) Kun.uz

Hotel Chorsu put up for auction at purchase price of 1 soum - Kun.uz

Hotel Chorsu put up for auction at purchase price of 1 soum Kun.uz

100,000-soum notes to be issued starting from February 25 - Kun.uz

100,000-soum notes to be issued starting from February 25 Kun.uz

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