Startup Inc.Arabia Staff Egypt’s Edupay Seeks Finance License via $2 Million Round Edupay previously secured $95,000 in its pre-seed round.
News Inc.Arabia Staff UAE Tech Startup Funding Plunges 65% in 2023 To date, the number of investment rounds in 2023 has decreased by 21 percent when compared to the same period in 2022.
Startup Inc.Arabia Staff 216 Capital Leads Pre-seed Round of London-based Imaginario Also participating in the round are Techstars, Blue Lake VC, Earthling VC, and an exceptional group of strategic angel investors.
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 UAE’s Zeroe Nets $2.2 Million from Seed Round The company's next stage of growth will be fueled by the fresh capital infusion.
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.
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.
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.
Money Inc.Arabia Staff Trends by LuckyDodo Rasises $1 million Investment The investment will fuel Trends’ expansion, and broaden its data analytics capabilities.
Money Inc.Arabia Staff Last Week in Funding (11-17 December) Last week in funding is our weekly roundup of raises by startups in MENA and the GCC.
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.
Videos Inc.Arabia Staff Choose Something That You Love to do Now | Inc. The founder of this baking empire talks about how baking is what she would do when she retires.
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.
Startup Inc.Arabia Staff KSA's Naeem Closes Pre-seed Investment Round The Saudi startup focuses on developing digital solutions for the personal care sector.
Startup Inc.Arabia Staff Climatetech Startup HyveGeo Closes Undisclosed Pre-seed HyveGeo plans to establish the largest microalgae-based biorefinery business across desert regions.
Startup Inc.Arabia Staff Saudi Jada Invests in eWTP Arabia Capital's Second Venture The primary focus of eWTP Arabia Capital’s new fund is technology and energy companies.
News Inc.Arabia Staff Jeel Pay Secures SAMA Approval to Offer BNPL Solutions This license makes Jeel Pay the seventh company authorized to offer BNPL services in KSA.
Money Inc.Arabia Staff Lendo Bags $28 Million in Series B Funding Round This Series B funding follows Lendo's previous successful fundraising rounds, including a SAR 27 million ($7.2 million) series A round.
Startup Inc.Arabia Staff Saudi Startup Sol Sells 35% Stake to Jahez Group Launched in 2021, Sol provides a platform for the wholesale sale of basic materials to restaurants, cafes, and catering companies.
Startup Inc.Arabia Staff Saudi Fintech Qannas Concludes Undisclosed Pre-Seed Round Qannas has attracted over 8,000 clients, marking a 230% year-on-year (YoY) surge in its client base.
News Inc.Arabia Staff UAE-Based Fintech Mamo Receives Funding from DFDF Dubai Future District Fund has invested an undisclosed amount in UAE-based business and personal finance platform Mamo.
Startup Inc.Arabia Staff Egypt’s Mtor Raises $2.8M Pre-seed Funds The Egyptian online auto parts marketplace will use the funds to expand their operations.
Startup Inc.Arabia Staff Omniful Raises $5.85 Million Seed Round The supply chain and e-commerce enablement startup, emerges from stealth with funding to expand in the Middle East, Africa, and India.
Startup Inc.Arabia Staff UAE’s Yabi Closes $8 Million Seed Round Al Wafra Al Thanya (Wafra II) invested $2 million and Shuaa Capital contributed $6 million to the round.
Startup Inc.Arabia Staff How Gameball is Gamifying Growth Marketing in MENA Inc. Arabia speaks with Ahmed Khairy, founder of gamified growth marketing platform, Gameball.
Startup Inc.Arabia Staff Tunisia’s Cynoia Secures $933K Funding Round 216 Capital leads the investment for the North African startup global expansion