Workey
- Company typePrivate
- Founded-
- HeadquartersRiyadh, Saudi Arabia
- Headcount11–50
- GTM typeB2B
- OfferingDigital Commerce or Content
Workey firmographics
Firmographics- Name
- Workey
- Legal name
- شركة Workey
- Website
- https://workey.sa
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Workey industry classification
Industry- Product category
- Workspace Marketplace
- NAICS
- Office Administrative Services (5611), Office Administrative Services (56111)
- SIC
- Services-Management Services (8741), Services-Facilities Support Management Services (8744)
- akta.pro primary industry
- Hybrid Work Enablement & Desk/Room Booking Operations (BPABAFAH)
- akta.pro secondary industries
- Professional & Business Services Marketplaces (Freelancers, SMB Services) (BPAMAHAG), Workplace Technology & Smart Office Support (Room Booking Systems, IT/AV Liaison) (IMAIALAK), Workation & Business-Ready Rentals (Remote-Work Equipped) (THAGANAJ)
Keywords
Where Workey is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices1 record
Markets served
Workey business model
Business model- GTM type
- B2B
- Offering type
- Digital Commerce or Content
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Marketplace Commission: Workey charges hosts and service providers a standard commission of 10% on successful user bookings made through the Workey platform. This applies to the full booking value, excluding VAT and any online payment processing fees borne by the host.
- Payment Processing: For payments made online via approved gateway, Workey transfers net amount after deducting commission to host's designated bank account within 30 business days. Hosts paying directly must transfer Workey's commission within 7 business days.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Marketplace Commission - 10% standard rate |
| Unit Pricing | Monthly | Private Office Spaces |
| Unit Pricing | Pay-as-you-go | Meeting Room Rental |
| Subscription | Monthly | Virtual Office Packages |
| Subscription | Monthly | Coworking/Hot Desk |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Workey product offering
Product offeringCore offering
Workey operates an online marketplace platform that connects workspace providers with businesses and professionals seeking flexible workspaces across Saudi Arabia. The platform enables discovery, filtering, comparison, and booking of coworking spaces, private offices, meeting rooms, virtual offices, and event spaces. Workey also offers business setup and government services for companies entering the Saudi market, including company formation, licensing, visa processing, and banking setup support.
Product overview
Workey is a unified platform for modern workspaces and business solutions in Saudi Arabia, comprising a core workspace booking marketplace where users can discover and reserve meeting rooms, private offices, shared desks, and event spaces. The platform integrates additional modules including a supplier network connecting workspace operators with verified vendors, and a government services arm offering business formation and compliance support. An upcoming AI layer will enhance discovery and booking optimization.
Differentiator
Problem solved
Functional benefit
Products and services
- Workey Platform (Workspace Booking Marketplace) A workspace booking marketplace enabling users in Saudi Arabia to search, compare, and book flexible workspaces including meeting rooms, private offices, shared desks, virtual offices, and event spaces. Hosts list inventory and earn bookings while Workey retains a 10% commission per booking.
- Business Setup and Government Services End-to-end business formation and compliance services for foreign companies entering Saudi Arabia, including company registration, trade license acquisition, visa processing, banking setup, and ongoing compliance support. Delivered by 50+ local on-ground experts and dedicated account managers.
Quantifiable outcome
- 850+ successful business expansions facilitated in Saudi Arabia
- +2 more outcomes
Companies that use Workey
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Workey technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature3 records
Workey partnerships and signals
Strategic signalScale indicators5 records
Recent moves5 records
Expansion highlights2 records
Workey competitors and assessment
Company assessmentRegional players
- Lendo: Saudi fintech and SMB services platform operating in the same Saudi digital-services ecosystem; comparable as a Saudi SMB services enabler, though its core product is financing rather than workspace.
- Property Finder: Leading Middle East real estate marketplace with Saudi Arabia operations; comparable as a regional property/workspace discovery platform serving the same Saudi buyer pool, though broader in scope (residential and commercial).
Direct peers
- Deskpass: Workspace marketplace offering on-demand booking of coworking, meeting rooms, and offices globally; the closest direct peer in business model — a B2B SaaS-style layer aggregating flex-workspace inventory.
- easy Offices: UK-headquartered marketplace for serviced offices, coworking, and meeting rooms with a global broker network; comparable lead-generation and commission model, primarily competing for enterprise relocation deals.
- Hubble (Hubble HQ): UK-based marketplace for flexible office space and team memberships; comparable in aggregating flexible office supply for SMBs and enterprise teams, with a similar pricing-discovery and short-lease focus.
- Coworker: Global coworking marketplace and community platform allowing users to discover and book shared workspaces; comparable two-sided model and pricing-discovery approach to Workey.
- Servcorp: Premium virtual office and coworking provider active on the Workey platform with locations in Jeddah, Al Khobar and Riyadh; a direct peer for high-end workspace listings and virtual office packages.
Emerging players
- Workfrom: Workspace discovery platform helping remote workers find cafes, coworking, and meeting spaces; an emerging player with partial overlap on workspace discovery but lighter on booking transactions than Workey.
Broad incumbents
- WeWork: Global coworking and flexible office operator with its own proprietary booking and membership platform; competes for the same enterprise and SMB flex-workspace demand Workey serves, and dwarfs Workey in brand and capital.
- IWG (Regus): Parent of Regus, Spaces, HQ and other flex-office brands listed on Workey via Medad; the dominant global incumbent whose direct booking platform represents the main disintermediation threat to Workey's marketplace.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Workey financial estimates
Financial estimateRevenue estimate
Valuation estimate
Workey leadership team
Management profileNumber of profiles
Workey funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Workey M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Workey
What does Workey do?
Workey operates an online marketplace platform that connects workspace providers with businesses and professionals seeking flexible workspaces across Saudi Arabia. The platform enables discovery, filtering, comparison, and booking of coworking spaces, private offices, meeting rooms, virtual offices, and event spaces. Workey also offers business setup and government services for companies entering the Saudi market, including company formation, licensing, visa processing, and banking setup support.
Is Workey a public or private company?
Workey is a private company. It is classified as venture growth investor backed and is currently operating.
When was Workey founded?
Workey was founded in -1. It employs 11 to 50 people.
Where is Workey based?
Workey is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does Workey make money?
Two revenue lines are on record. Marketplace Commission is the primary driver. The others are payment Processing.
Who are Workey's main competitors?
Regional players on record are Lendo and Property Finder. Direct peers are Deskpass, easy Offices, Hubble (Hubble HQ), Coworker and Servcorp. Workfrom is listed as an emerging player. Broad incumbents are WeWork and IWG (Regus).
Does Workey have an API?
No public API is recorded for Workey.
What industry is Workey in?
Workey's product category is Workspace Marketplace. Its primary akta.pro industry code is BPABAFAH, Hybrid Work Enablement & Desk/Room Booking Operations, with a secondary code of BPAMAHAG, Professional & Business Services Marketplaces (Freelancers, SMB Services). Its NAICS code is 5611 and its SIC code is 8741.