Hassan Fayed
- Co-Founder and CEO at Aydi
GetLatka interview
How Aydi Reached a $10M Valuation with 10 Commercial Farm Customers and 5,000 Seasonal Workers Placed (Interview with CEO Hassan Fayed)
Hassan Fayed (Co-Founder and CEO of Aydi) spoke to Nathan Latka on November 2, 2022.
Aydi figures from the interview
- Post-Money Valuation (2022)
- $10M
- Total Funding Raised (2022)
- $2M
- Customers (2022)
- 10 commercial farms
- Seasonal Workers Placed (2022)
- 5,000
- Active Acres Engaged (2022)
- 1,200
“So we we offer our software that helps them put out kind of like requests for workers to come in and and and and work on the farm when they need them to come in. And then our software, essentially, what it does is it digitizes the farms by creating digital identities for each and every plot that they have with QR codes.”
“So we've spent about $250,000 so far to build the software, and it includes four different products basically that one is for the worker, one is for the supervisor, one is for the management itself, and one is for our internal tools and and and management.”
“So the main thing is number of acres engaged and the numbers of workers that we that we onboard as well. So currently in the pilot, we have over 1,200 acres that are engaged on a daily basis. And we have close to 5,000 workers that are also engaged on a daily basis.”
Bio
Hassan is the Founder & CEO of Aydi, a B2B SaaS company that helps commercial farms source, manage and pay their seasonal workforce. He is also a Board Member at Tradeling.com, a leading UAE-based B2B e-commerce platform, and Scality, a Dubai-based startup landing and acceleration platform.