
Zension
Platform that provides device subscription, trade-in, buyback, and protection services to promote circularity in the mobile device industry.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
* | $30.0m | Series A | |
Total Funding | 000k |
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Zension Technologies is a leading subscription e-commerce platform focused on consumer electronics and mobile devices, with operations centered in the GCC region, particularly Saudi Arabia and the UAE. Founded in 2018, Zension is pioneering a circular economy approach in the tech industry, aiming to maximize device lifespan and minimize electronic waste. Its core offering, Zaam, enables users to access the latest personal tech devices-such as smartphones, laptops, and wearables-for an affordable monthly fee, with the flexibility to upgrade after 12 months and enjoy unlimited repairs and replacements. This model stands in contrast to traditional ownership, offering greater flexibility and sustainability.
Beyond subscriptions, Zension partners with major retailers to provide buyback, extended warranty, and device protection services, as well as a trade-in program that gives cash for old devices, ensuring they are reused or recycled rather than discarded. The company’s proprietary platform leverages real-time data and predictive analytics to optimize device lifecycle management and pricing, supporting both consumer convenience and environmental responsibility.
With over 1.5 million device subscriptions across 25 cities, Zension has established itself as the largest device services platform in the GCC, trusted by leading brands in the region. Recent funding, including a $30 million Series A round led by Wa’ed Ventures (Saudi Aramco), is fueling further growth and innovation in sustainable tech consumption.
Keywords:
subscription e-commerce, circular economy, device trade-in, buyback, extended warranty, device protection, Zaam, mobile devices, sustainability, GCC, tech upgrades, predictive analytics, consumer electronics, e-waste reduction, flexible ownership