Startup Inc.Arabia Staff Egypt's MaxAB Merges With Kenya’s Wasoko MaxAB is a B2B e-commerce platform that links suppliers with underserved traditional merchants and provides a variety of financing options.
Startup Inc.Arabia Staff Dutch Jedo Acquires Saudi Arabian Jump-in App Launched in 2022, Jedo is an on-demand local guide that helps travelers plan, book, and navigate trips.
Startup Inc.Arabia Staff Tabby Secures $700 Million Debt Facility in Pre-IPO This transaction marks the largest asset-backed facility ever obtained by a fintech company in the MENA region.
News Inc.Arabia Staff Dinero Pay Becomes Payment Option on STC Pay Wallet App Dinero Pay was founded in 2022 by Mohamed Al-Muallem, and obtained the Saudi payments permit in August 2023.
News Inc.Arabia Staff Smart Interaction Gets SAMA Approval for Finance Aggregation Services This license makes Smart Interaction the third company authorized to provide finance aggregation services.
Startup Inc.Arabia Staff KSA’s Soum Closes $18 Million Series A Round The startup will soon enable users to sell anything from cars to collectibles, giving it access to a $40 billion market.
News Inc.Arabia Staff Saudi Arabia Launches Fintech Program Makken The program aims to empower 150 national emerging financial technology startups over a period of three years.
Startup Inc.Arabia Staff Scalers Closes Investment Round Worth $1.87 Million In 2021, Scalers raised SAR 2 million ($533,000) in a seed round funded by angel investors from both the recruitment and talent development world.
Startup Inc.Arabia Staff Saudi Hakbah Closes Series A Investment Round Hakbah graduated from the DIFC Fintech Accelerator Program in 2019 and currently is part of the DIFC Fintech Hive and Fintech Saudi community.
Startup Inc.Arabia Staff iSchool Closes $4.5 Million Funding Round iSchool raised $160,000 in investment from EdVentures, the venture capital (VC) arm of Egypt’s Nahdet Misr Publishing Group in 2021.
Startup Inc.Arabia Staff Saudi Fintech Spare Closes $3 Million Funding Round Spare, an open banking platform that was founded in 2018 by Dalal Alrayes and Saurabh Shah, enables companies to access the financial data of their clients to develop new products.
News Inc.Arabia Staff Grintafy Eyes Tapping into South Africa & COSAFA Markets An agreement was reached in this regard on December 12th during the World Football Summit.
Startup Inc.Arabia Staff Saudi Velents Closes Undisclosed Seed Round The platform has an application tracking system and APIs that enable hiring platforms to become AI-powered.
Startup Inc.Arabia Staff Saudi Arabia Trell Closes $1.2 Million Pre-seed Round The injected financing will help Trell develop operations on its platform.
News Inc.Arabia Staff Nio Secures $2.2bn Investment From Abu Dhabi Fund UAE investment vehicle CYVN takes 20% stake in Chinese group.
News Inc.Arabia Staff Jada Fund of Funds Invests in Iliad Partners Tech Ventures This will help make investments in early-stage technology companies across the MENA region, with a specific focus on Saudi Arabia.
News Inc.Arabia Staff SAMA Issues Rules for Regulating BNPL The Saudi Central Bank (SAMA) issues new rules for "Regulating Buy Now Pay Later (BNPL) Companies"
News Inc.Arabia Staff Tamara Raises $340 million in Series C Funding Saudi shopping and BNPL platform tops $1B valuation, achieves unicorn status.
News Inc.Arabia Staff Andalusia Labs Secures $48 Million in Series A Funding Positioning the company’s equity valuation worth of $1 billion.
Money Inc.Arabia Staff UAE’s Terra Raises $2 Million in Seed Funding The EV startup plans to improve its mobile application for riders and dashboard cloud-fleet management operators.
News Inc.Arabia Staff US-based Mercer Purchases UAE’s The Talent Enterprise The Talent Enterprise, which was co-founded in 2012 by David Jones, Radhika Punshi and Gauri Gupta, offers talent evaluation tools and solutions for skill development that help organizations make important people-centric decisions.
News Inc.Arabia Staff Jumia Discontinues Food Delivery Across Seven Markets The company shifts focus to expanding physical goods business.
News Inc.Arabia Staff Techstars Accelerator Celebrates Graduation of 12 Startups This event served as the grand finale of the Techstars Riyadh Accelerator program, a dynamic three-month initiative designed to bolster Saudi startups.
Startup Inc.Arabia Staff UAE’s Fundbot Closes $1.5 Million Seed Roud Founded in 2020 by Karl Abou Zeid, Fundbot was developed to help entrepreneurs with their cash flow issues.
News Inc.Arabia Staff Saudi Arabia's MBC Media Group Prices IPO at Top of Range MBC media group runs 13 free-to-air TV channels and the streaming platform Shahid.
News Inc.Arabia Staff Saudi Arabia to Mandate Online Rent Payment Starting January Ejar has registered over 8 million leasing contracts.
News Inc.Arabia Staff UAE Launches Dubai Unified License Initiative Businesses can now utilize their unique DUL QR Code on their premises, websites, and social media accounts, replacing traditional trade license certificates.
News Inc.Arabia Staff Qatar Investment Authority Acquires 4.26% Stake in Kingdee The deal subject to a lock-up period of 180 days.
News Inc.Arabia Staff COP28 Reaches Deal to Transition Away From Fossil Fuels Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing global consumption of fossil fuels.
News Inc.Arabia Staff Dubai Unveils New Investment Fund The new fund will be chaired by Dubai Deputy Ruler Sheikh Maktoum bin Mohammed.
Startup Inc.Arabia Staff EdfaPay Teams Up with Tamara to Provide Payment Solutions Tamara works with over 26,000 merchants, including brands like SHEIN and Noon.
Startup Inc.Arabia Staff Midori Closes $200,000 Pre-seed Round Founded in 2023 by Fedor Smirnov, Midori aims to develop 1,000 mobile recycling modules within seven years.
Startup Inc.Arabia Staff Nearpay Raises $14 Million in Series A Round Nearpay specializes in providing businesses with payment infrastructure, particularly focusing on Point of Sale (POS) and SoftPOS technology.
News Inc.Arabia Staff Brazil Secures Hosting Rights for COP30 in 2025 The oil-rich nation of Azerbaijan will host the COP29 climate conference in 2024.
News Inc.Arabia Staff 86 Countries Join Global Alliance on Green Economy The Global Alliance on Green Economy was launched at the ministerial meeting during the World Green Economy Summit 2022.