Wateer Takes Second Place Nationally at Monsha'at's Sixth Ebtker Award
Wateer, the digital receipts platform, has secured second place at the national level in the sixth edition of the Ebtker Award,…
Wateer, the digital receipts platform, has secured second place at the national level in the sixth edition of the Ebtker Award, organized by the Small and Medium Enterprises General Authority (Monsha'at). The recognition comes with a cash prize of SAR 30,000.
Six winners share SAR 300,000
The sixth edition of the Ebtker Award concluded on May 1, 2025, with six enterprises crowned as winners. The awarded enterprises shared total cash prizes of SAR 300,000 and qualified for the finals of the Entrepreneurship World Cup, positioning them to represent their work on an international competitive stage.
The Ebtker Award is run by Monsha'at as part of its mandate to support small and medium enterprises across the Kingdom. Its sixth edition continued the program's focus on identifying enterprises whose products and business models demonstrate innovation and readiness to compete beyond the local market.
Accelerator confirms the result
Wateer's second-place finish was confirmed publicly by Flat6Labs, the accelerator working with Wateer, in posts published on LinkedIn and Instagram. In its announcement, Flat6Labs stated: "Congratulations to WATEER for winning second place at the national level in the Ebtaker Award by MonshaatSA and receiving the SAR 30,000 award."
The announcement placed Wateer among the enterprises recognized in the closing edition of the award, alongside the other winners named in the sixth cycle.
Significance for the digital receipts sector
For Wateer, the national ranking represents external validation of a product category that sits at the intersection of retail operations, consumer experience and digital record keeping. Digital receipts replace paper transaction records with electronic documents that can be stored, retrieved and organized by both merchants and customers, a shift that aligns with the wider movement toward digital transaction infrastructure in the Kingdom.
Recognition through a Monsha'at program also connects participating enterprises to the broader support ecosystem the authority maintains for small and medium enterprises, from visibility among institutional stakeholders to qualification pathways such as the Entrepreneurship World Cup finals granted to this edition's winners.
What comes next
The winners of the sixth edition now move forward as qualified participants in the Entrepreneurship World Cup finals. For Wateer, the placement adds to its profile as a Saudi technology company operating within an accelerator-supported growth track, and it arrives at a stage when digital receipt adoption continues to expand among merchants seeking to modernize point-of-sale documentation.
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