Mobility fintech Naran secures $10 million in debt-equity financing

UAE-based mobility fintech company Naran has secured $10 million in debt-equity financing from UAE investment firm Landel. Founded in 2025 by Bayaskhalan Alexeev and Alexander Gubarev, Naran offers rent-to-own financing for cars and motorcycles to ride-hailing and delivery drivers.

Currently operating in Colombia, Peru, Senegal, and Côte d'Ivoire, Naran aims to expand globally, with plans to enter the Middle East and North Africa (MENA) region in September 2026. The funding will support fleet expansion in existing markets, new market entry, and the development of new fintech products.

Naran plans to offer its fleet management technology as a SaaS product to third-party operators and provide asset-backed financing for fleet expansion. The platform, built by co-founders Bayaskhalan Alexeev and Alexander Gubarev, provides flexible repayment terms ranging from 12 to 60 months and buys vehicles directly from manufacturers.

By operating on a single technology platform and consistent operating model, Naran can scale efficiently across geographies, generating hard collateral, daily cash flows, and proven unit economics. The company aims to deploy fleets of 10,000 cars and 20,000 motorcycles by 2030, creating 30,000 income opportunities across 10 countries.