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Saudi Arabia fintech startup Lendo has crossed a significant milestone, facilitating more than 1 billion SAR in financing through over 2,500 transactions, all directed towards supporting...
Tribal Credit, a financial platform empowering SMEs in emerging markets has secured a renewed $150 million USD debt facility from Partners for Growth (PFG) until 2025....
The Kingdom of Saudi Arabia has rapidly emerged as a hub for fintech innovation in recent years, fueled by the country’s ambitious Vision 2030 plan and...
TFK, the leading curated fashion marketplace in Egypt has acquired OPIO, a direct-to-consumer (D2C) fashion brand. By joining forces, TFK and OPIO will combine their expertise,...
With the number of companies and VCs asking about developments related to SVB, especially the upcoming Wednesday payroll date, here is a collated set of resources...
Prominent venture capitalists, technology executives, and founders of startups have been racing to save companies that have been caught up in the collapse of Silicon Valley...
Cairo-based fintech startup Money Fellows has raised $31M in its Series B round led by CommerzVentures, Middle East Venture Partners (MEVP), and Arzan Venture Capital. Founded...
Saudi-based SaaS startup Glamera has raised a Seed round of $1.3 million, led by Riyadh Angels Investors (RAI), with participation from Techstars Accelerator, Ithraa Venture Capital,...
The shared mobility market in the MENA region is set to expand with a compound annual growth rate of 18.4% from 2022 to 2030 as the...
Abu Dhabi-based B2B2C cloud kitchen startup has raised $10M in a Series A funding round. The investment round was led by Middle East Venture Partners (MEVP)...
From the first few months of 2022 until now, a wave of layoffs has been sweeping the United States of America. The first question comes to...
Swvl Mass transit solutions provider will reduce its headcount by approximately 32% “400 employees” to cut central costs and enhance efficiency. This decision means that over...
The Dubai-based sports system integrator Augustus Media has acquired Cam Plus Sports startup aiming to make local sports more accessible by broadcasting live matches and on-demand...
Egyptian startup PraxiLabs offers people equal opportunities to access an enhanced science education by providing 3D interactive virtual simulations that are safe, affordable, and accessible anytime,...
Saudi-based fresh produce eCommerce startup Haseel has raised $6.6M in a Series A funding round. Vision Ventures led the round. Arzan Ventures, Riyad Taqnia Fund, Sky...
Egypt’s Fashion and Beauty Marketplace, The Fashion Kingdom (TFK), has released a week-long campaign leveraging data for women’s empowerment in celebration of International Women’s Day 2022....
The Egyptian digital interior design & build platform, handling the diverse finishing problems in the Egyptian Market, Shatablee has raised a $1.2M funding round to optimize...
With the increasing number of WooCommerce sites being built every day, especially after the pandemic, the demand for specialized WooCommerce hosting and real-time backups has also...
Chefaa, Egypt’s patient-centered pharmacy benefits platform, has raised a venture round from globally renowned investors Newtown Partners and Global Brain and GMS Capital Partners. The undisclosed...
Russian fintech Companies have recently been struggling with regulatory challenges due to some economic, social, and political factors. The pressure on these fintech companies is increasing...
This week, Russia declared war on its neighbor Ukraine after many political and military skirmishes, affecting the lives of tens of millions of civilians in Ukraine,...
The global proptech startup Facilio has secured $35 million in its Series B round led by Dragoneer Investment Group. Brookfield Growth and existing investors Accel India...
UAE’s Tech startup for car rental Udrive, providing a pay-per-minute car rental service for UAE residents and tourists, has secured $5M from Cultiv8 and Oman Holding...
KSA-based B2B Fintech EdfaPay has raised $1.6M in a pre-seed round to overcome the physical payment process moving away from traditional POS and NFC technologies. The...
Qashio, a UAE-based fintech startup for expense management and corporate cards has raised US $2.5M in its Pre-seed funding round to expand to other MENA markets....
Egyptian Publishing Platform Kotobna has announced its expansion to major convenience stores across Egypt with a 26 location collaboration with On The Run. Customers at On...
Savii Banking, the first female-founded neobank in the GCC, has raised a Pre-Seed fund to launch its services in Bahrain. Founded in 2021 by Jane Harvey...
Shorages, UAE’s logistics startup, has closed its Seed funding round of $700,000, led by Mayfair Holdings. Founded by Rayan Osseiran in 2019, Shorages provides e-commerce platforms...
Alex-based Tawfeer Market, the Egyptian online grocery retail startup, has raised US $500K in a seed round. Alexandria Business Angels Networks contributed to the funding round....
VO, the first Kuwait-based integrated youth platform for incubating young talents, has signed an agreement to acquire a majority stake in ‘Duwaween Games’, a Kuwaiti games...
Cairo-based Gahez Market, a B2B E-commerce startup, has secured US $2M in its pre-seed round. Disruptech Ventures led the funding round; other investors also participated, Egypt...
The Dubai-based digital authentication startup Nice to Meet You (NTMY) has secured a $1M seed funding round. Saudi investors participated in the funding round along with...
Hello World Kids, a Jordanian Ed-Tech company, has raised an undisclosed pre-Series A funding round. Vision Ventures participated in the round led by Daam Almonsha’at Holding...
“Save Now, Pay Later” fintech startup, Sympl has raised $6M following its launch last month. The investment is led by three top Venture Capital firms in...
Dubai-based Extended Reality (XR) Tech startup HyperSpace has secured US $11M inequity and development seed funding round. Introsight and Dubai Financier Mohammed Afkhami led the funding....
Cairo-based EdTech Startup Career 180 has raised $200K from EdVentures.The investment aims to develop a new employment platform and emerge it with the Freelance Yard platform....
Saudi FinTech and InsurTech startup Rasan has secured $24M in its latest funding round led by Impact 46, a Saudi asset manager and advisor. This funding...
The Jordanian EdTech and online learning platform Abwaab has successfully secured $20M in its Series A funding round. The funding was led by existing investor BECO Capital...
UAE-based financial literacy platform Verity has secured $800,000 in pre-seed round. Gearing for the launch of its family banking and financial literacy app in the Middle...
Jordanian dental tech startup Eon Dental has successfully secured $26M in its Series B funding round. The round was led by a large international MedTech fund...
Bahrain-based CoinMENA has raised $9.5M in its first seed funding round led by BECO Capital, Kenetic, Arab Bank Switzerland, Bunat Ventures, Alameda Research, Rua Growth Fund,...
Cairo-based startup ‘Sympl’ has raised the first funding round from A15 with a regional focus. This first investment marks the platform launch for the FinTech startup...
Dubai-based Real Estate startup and private property manager Short Stay Vacation Homes (Short Stay) has successfully raised $1.96M in its latest funding round led by Africa-based SK Group....
BasharSoft the parent company of “Wuzzuf and Forasna” recruitment platforms, has announced that the founder, Ameer Sherif has stepped down as CEO and moved to the...
Cairo-based PropTech startup Nawy has raised an oversubscribed seven-figure Seed round led by the Sawiris family office. Also participating in the investment round was a roster...
Aleph Holding, global partner to the world’s biggest digital media players, has today announced its acquisition of 86% of Connect Ads in a cash and shares’...
FasterCapital, an online incubator and accelerator based in Dubai, is launching a cohort for women entrepreneurs. Recent statistics reveal that as of 2021 that 36% of...
Cairo-based grocery and one-stop app Breadfast is donating scrumptious kahk boxes to the Egyptian Food Bank in the startup’s CSR campaign, ‘إﻓﺮح وﻓﺮﺣﮭﻢ’. After talking to...
Laverie, the first dry-cleaning & laundry app, announced securing an undisclosed six-figure (USD) seed round from A15, the leading Egyptian tech investor. The upscale app has...
Access Bridge Ventures is a leading early stage venture capital fund supporting budding entrepreneurs across MENA region & Pakistan. With their current role in funding the...
Cairo-based fintech startup NowPay has joined Y Combinator’s Winter 21 batch, following a Memorandum of Understanding agreement with the Export Development Bank of Egypt (EBE). “We...
Dayra is a Cairo-based fintech startup providing unbanked gig-workers and micro-businesses with financial services. The company has joined Y Combinator’s Winter 21 batch, closing the largest...
XPLOR, the 3D tech, digital twin, and master planning software, has raised a seed fund of US $3 million from Ayana Holding to accelerate its growth,...
Ureed.com offers an unprecedented view on how to incorporate freelancers in your hiring strategy. As a business owner, taking on a new project is an exciting...
Today, ElCoach, MENA’s premier on-demand fitness, and nutrition app released its Year in Review 2020 and we are seriously impressed. With demand on Fitness apps growing...
Cassbana, a financial identities’ startup, announced raising a pre-seed round of 6 digits USD to revolutionize the financial service industry in emerging markets. Disrubtech, a US$25million Fintech...
As its first investment in the market, Lorax Capital Partners Fund II has announced today that it has acquired a significant minority stake in DSQ Group...
Endeavor Egypt welcomes renowned publishing, education entrepreneur, and expert Dalia Ibrahim to its Board of Directors. Dalia Ibrahim is the Chief Executive Officer (CEO) of Nahdet...
Are you wondering which tools you should be using for your new business? If so, you’ve come to the right place. Because there are tools for...
Cairo – Foundation Ventures (FV) is a regional venture capital firm founded in 2019 and is managed by Mazen Nadim, Omar Barakat, and Ziyad Hamdy, in...
The pre-acceleration program, StartEgypt, hosted its first virtual forum for female entrepreneurs, the Female Founders Forum. The one-day virtual event attended by over 300 up-and-coming female...
Comscore’s white paper “The COVID-19 Impact on Small Business Credit Card Applications in 2020” revealed that small business card application has improved in June after a...
In this age, technology can literally be injected into your skin. So don’t expect this to be a far topic. Actually, we’re utilizing technology to fetch...
Cairo-based FinTech startup NowPay, a financial-wellness platform for employees in emerging markets, has announced today that the company has raised US$ 2.1 million in seed investment....
dreevo, a last-mile delivery-focused startup has raised 6 digits USD figure in a bootstrap, pre-seed fund from EF Logistics, a third-party logistic services provider, to introduce...
US-based fintech Tribal Credit has won Juniper Research’s Best B2B Payment Platform Gold Award, recognizing its efforts in helping startups and SMEs in emerging markets gain...
Facebook has launched a new initiative to offer digital support to local small and medium businesses in the MENA region, which suffered the hardest during the Coronavirus...
For early-stage startups, having cash is essential to staying afloat. But it’s one thing to have money and another to know how to spend and manage...
Amber Solutions, a technology innovator creating a modern hyper-intelligent electrical architecture, announced the completion of a $5.5-million Series B and the securement of three new memorandums...
The auto parts market in Mexico has seen tremendous growth over the past five years, redefining how the automotive industry operates and how value in the...
Virtual credit cards are quickly gaining traction around the world in the B2B payment space. Created for online transactions, they enable greater control and security, provide...
In this day and age, there is literally a digital tool for everything. But when you’re a startup with limited resources, you need to choose the...
Lezzoo, the Iraqi startup for delivery and payment on-demand, is geared to become the troubled nation’s first super app, following graduation from Y Combinator’s S19 batch. The Erbil-based...
Using SEO to build an online presence is an essential need these days. Apart from putting your brand in the top position in the search results...
Egyptian fintech startup MoneyFellows has raised US $4 million in a Series-A investment round from venture capital (VC) firms Partech and Sawari Ventures. What is MoneyFellows? MoneyFellows...
Egyptian chatbot startup WideBot witnessed a surge of Arabic chatbot building requests during the first half of 2020, amounting to a 100% increase, compared to the...
Brex founders Pedro Franceschi and Henrique Dubugras wrote in a blog post published yesterday that 62 people would be let go. The corporate credit cards for startups...
US-based startup Tribal Credit, which raised $9.1 million in a series of seed rounds, announced that it had joined Visa’s Fintech Fast Track Program, adding it...
Bodybuilders, gym-goers, and fitness enthusiasts have been scrambled to find alternative ways to sweat after closing gym chains & boutique fitness spots in all the countries...
Abwaab, MENA’s latest online learning platform, today announces the closing of its $2.4M pre-seed funding round. The round was kicked off by Adam Tech Ventures and...
Aside from the never-ending ancient archeological discoveries, Egypt is one of the fastest-growing startup ecosystems in MENA. A Magnitt report ranks the country as the second...
Gemini Enterprises Africa, part of Orascom Group, and RiseUp LLC, the MENA region’s connector of startups to local and global resources, on Saturday signed a three-year...
RiseUp Summit 2019, MENA’s leading entrepreneurship event, kicked off Thursday at the American University in Cairo (AUC) New Cairo Campus, with deep dives into the #JourneyToGrowth...
Tribal Credit closed a $5.5 million Seed round led by BECO Capital and Global Ventures to bank startups in emerging markets and help them break free...
The leading tech investor A15 has capitalized on its investment in Ireland-based retail personalization platform Intouch by doubling down on its initial investment into the AI-driven...
RiseUp has completed its selection of 15 startups from seven cities across the Middle East and North Africa to pitch at Egypt’s first multi-stage, regional startup...
Marketing has always been a subtle companion of trade and e-commerce. It started with word of mouth and later grew into an entire industry with its...
Facebook announced on Tuesday its partnership with RiseUp to bring ‘Boost with Facebook’, its global program designed to help small businesses grow and to equip more...
The global cloud-based market is forecasted to nearly double from US$29.9 billion in 2019 to US$58.9 billion by 2024, driven by a rise in credit card transactions...
Did you know that Arabic is the fifth most spoken language globally? Doing one for the language is Jamalon, the biggest online bookstore in the MENA...
Silicon Valley-based Tribal started private beta testing with MENA startups and is closing a funding round that includes some of the top VCs in the region,...
A big part of having a successful business is having happy and content employees. And while it’s true you can’t please everyone all of the time,...
Career180, a centralized and comprehensive career advising platform in Egypt that aims to qualify youth to the job market, has raised a round of investment of...
Good People, the region’s leading creative production house, joined forces with the region’s leading digital agency and 2019’s Independent-Agency-of-the-Year, Kijamii, to form the largest independent (digitally driven) network...
Today, Eventtus, the leading event-tech company, announces that it will open its third office in Riyadh, Saudi Arabia, alongside the current offices in Cairo and Dubai....
Egyptian fintech startup, NowPay, said it’s closing a new undisclosed round after raising USD 600,000 in Seed funding from Silicon Valley’s Endure Capital and 500 Startups....
The number of new startups in the Middle East has risen by more than 42% in the past three years, according to a report from Markets&Markets....
