Transaction

Landel invests USD 10 million in Naran's rent-to-own financing operations

Announced

13 August 2026

Target

Naran Holding Ltd.

Value

$10m

Asset class

Venture Capital

Type

Investment, Debt Financing

Instrument

Ordinary Shares (Equity), Private Capital (Debt)

Lead investors

Landel

Investors

Landel

Sector

Financial services / Consumer Lending

Markets

Côte d'Ivoire, Senegal

About the target

Naran Holding Ltd. is a privately held, UAE-based mobility financing and fleet infrastructure company founded in 2025 by Bayaskhalan Alexeev and Alexander Gubarev and headquartered in Abu Dhabi. The company specialises in asset-backed vehicle financing for ride-hailing and delivery drivers in emerging markets, operating primarily through a rent-to-own model under which it purchases cars and motorcycles directly from manufacturers and provides them to independent drivers on flexible terms ranging from 12 to 60 months. Drivers do not need a traditional credit history and make regular payments structured around the rent-to-own arrangement. Depending on the vehicle and market, packages include insurance, GPS tracking, servicing and driver support. Naran's proprietary fleet-management technology supports its operations across markets, covering driver onboarding, payments and collections, utilisation monitoring, telematics and maintenance management. The company partners with ride-hailing and delivery platforms to connect financed vehicles with drivers and is also expanding its technology and asset-backed financing infrastructure to third-party fleet operators.