Autobia, a Saudi B2B marketplace where auto parts shops and wholesalers buy stock from vetted suppliers, raised $12M in a Series A led by Artal Capital. Autobia also handles fulfillment and delivery for those orders and lets shops pay for inventory over time, while the shops’ own customers can check out with BNPL and other options from licensed payment providers. The company plans to use the money to grow across Saudi Arabia, build out its logistics network, improve its dynamic pricing tools, and offer more inventory financing.
