Naran Raises $10 Million to Expand in Latin America and Africa

Naran, a fintech company based in the UAE specializing in mobility, has raised $10 million through a funding round that combines equity and debt from the UAE investment firm Landel. Founded in 2025, Naran provides lease-to-own financing for cars and motorcycles for ride-hailing and delivery drivers. Naran currently operates in Colombia, Peru, Senegal, and Côte d'Ivoire, and plans to launch operations in Paraguay in September 2026. The company will use the funding to expand its fleet in its existing markets, enter new markets including the Middle East and North Africa, and launch new products in the fintech space. Naran also plans to make its fleet management technology available to third-party operators through a software-as-a-service model, alongside providing asset-backed financing to expand fleets.

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