Startups
Latest news from MENA startups, what’s new in the tech startup scene, success and failure stories, and more.
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Rising from Debt: Al Nashmiah Farms’ Battle to Empower Indebted Women
Al Nashmiah Farms, committed to aiding women burdened by debt and facing the threat of incarceration, offers a novel solution…
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GoDaddy’s Global Markets VP Predicts Egypt’s E-commerce to Hit $9.88 Billion by 2028
Selina Bieber, the Senior Director of Global Markets at GoDaddy, has predicted a significant increase in Egypt’s e-commerce revenue. By…
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Saudi Fintech ‘Lendo’ Raises $28M in Series B Funding
Lendo, a Saudi Arabia-based shariah-compliant debt crowdfunding marketplace, has raised SAR 105 million ($28 million) in Series B funding led…
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Lendo Surpasses SAR 1 Billion Milestone, Revolutionizing Saudi SME Financing
Saudi Arabia fintech startup Lendo has crossed a significant milestone, facilitating more than 1 billion SAR in financing through over…
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$150M Debt Facility Renewal Empowers Tribal’s Expansion into Saudi Arabia
Tribal Credit, a financial platform empowering SMEs in emerging markets has secured a renewed $150 million USD debt facility from…
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Top 7 Fintech Startups Revolutionizing Saudi Arabia’s Financial Landscape
The Kingdom of Saudi Arabia has rapidly emerged as a hub for fintech innovation in recent years, fueled by the…
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TFK’s Acquisition of Opio Marks the Birth of the First Fashion Aggregator in MENA
TFK, the leading curated fashion marketplace in Egypt has acquired OPIO, a direct-to-consumer (D2C) fashion brand. By joining forces, TFK…
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SVB Updates and Resources Available for Startups’ Urgent Payroll Needs
With the number of companies and VCs asking about developments related to SVB, especially the upcoming Wednesday payroll date, here…
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From Crisis to Opportunity: Tech Industry Bands Together to Save Startups Impacted by SVB Failure
Prominent venture capitalists, technology executives, and founders of startups have been racing to save companies that have been caught up…
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Egypt’s fintech Money Fellows raises $31M in Series B
Cairo-based fintech startup Money Fellows has raised $31M in its Series B round led by CommerzVentures, Middle East Venture Partners…
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Saudi’s SaaS startup Glamera raises $1.3M in Seed Round
Saudi-based SaaS startup Glamera has raised a Seed round of $1.3 million, led by Riyadh Angels Investors (RAI), with participation…
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9 most funded ride-sharing startups in MENA 2022
The shared mobility market in the MENA region is set to expand with a compound annual growth rate of 18.4%…
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UAE’s B2B2C startup ‘The Cloud’ raises $10M in Series A
Abu Dhabi-based B2B2C cloud kitchen startup has raised $10M in a Series A funding round. The investment round was led…
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2022 tech layoffs wave tracker from around the world
From the first few months of 2022 until now, a wave of layoffs has been sweeping the United States of…
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Swvl lays off 32% of its employees to cut costs
Swvl Mass transit solutions provider will reduce its headcount by approximately 32% “400 employees” to cut central costs and enhance…
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Dubai-based Augustus Media Acquires CAM Plus Sports
The Dubai-based sports system integrator Augustus Media has acquired Cam Plus Sports startup aiming to make local sports more accessible…
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Egypt’s PraxiLabs is taking science education to a new level through 3D simulations
Egyptian startup PraxiLabs offers people equal opportunities to access an enhanced science education by providing 3D interactive virtual simulations that…
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Saudi eCommerce platform Haseel raises $6.6M in series A
Saudi-based fresh produce eCommerce startup Haseel has raised $6.6M in a Series A funding round. Vision Ventures led the round.…
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TFK Leverages Data to Push for Inclusion on IWD
Egypt’s Fashion and Beauty Marketplace, The Fashion Kingdom (TFK), has released a week-long campaign leveraging data for women’s empowerment in…
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Egypt’s interior design & build platform Shatablee raises $1.2M
The Egyptian digital interior design & build platform, handling the diverse finishing problems in the Egyptian Market, Shatablee has raised…
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Best WordPress Real-time Backup Plugin Tools – Pros & Cons
With the increasing number of WooCommerce sites being built every day, especially after the pandemic, the demand for specialized WooCommerce…
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Chefaa Raises Venture Round from Global Investors
Chefaa, Egypt’s patient-centered pharmacy benefits platform, has raised a venture round from globally renowned investors Newtown Partners and Global Brain…
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Top Russian Fintech Startups, Will They Shutdown?
Russian fintech Companies have recently been struggling with regulatory challenges due to some economic, social, and political factors. The pressure…
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Top Ukrainian Startups, Apps 2022
This week, Russia declared war on its neighbor Ukraine after many political and military skirmishes, affecting the lives of tens…
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Global Proptech Facilio Secures $35M in Series B
The global proptech startup Facilio has secured $35 million in its Series B round led by Dragoneer Investment Group. Brookfield…
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UAE’s Tech Udrive Startup for Car Rental Secures $5M
UAE’s Tech startup for car rental Udrive, providing a pay-per-minute car rental service for UAE residents and tourists, has secured…
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Saudi’s B2B Fintech EdfaPay Raises $1.6M Pre-seed
KSA-based B2B Fintech EdfaPay has raised $1.6M in a pre-seed round to overcome the physical payment process moving away from…
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UAE-based Fintech Startup ‘Qashio’ Raises $2.5M Pre-seed
Qashio, a UAE-based fintech startup for expense management and corporate cards has raised US $2.5M in its Pre-seed funding round…
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Kotobna collaborates with Egypt’s On the Run
Egyptian Publishing Platform Kotobna has announced its expansion to major convenience stores across Egypt with a 26 location collaboration with…
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UAE’s Neobank Savii Closes Pre-Seed to Launch in Bahrain
Savii Banking, the first female-founded neobank in the GCC, has raised a Pre-Seed fund to launch its services in Bahrain.…
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UAE’s logistics startup Shorages secures $700K in seed
Shorages, UAE’s logistics startup, has closed its Seed funding round of $700,000, led by Mayfair Holdings. Founded by Rayan Osseiran…
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Egypt’s online grocery Tawfeer secures $500K investment
Alex-based Tawfeer Market, the Egyptian online grocery retail startup, has raised US $500K in a seed round. Alexandria Business Angels…
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‘VO’ acquires majority stake in Kuwait’s ‘Duwaween Games’
VO, the first Kuwait-based integrated youth platform for incubating young talents, has signed an agreement to acquire a majority stake…
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Egypt’s Gahez Market secures US $2M in pre-seed
Cairo-based Gahez Market, a B2B E-commerce startup, has secured US $2M in its pre-seed round. Disruptech Ventures led the funding…
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Dubai-based Nice to Meet You secures US $1M Seed
The Dubai-based digital authentication startup Nice to Meet You (NTMY) has secured a $1M seed funding round. Saudi investors participated…
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Hello World Kids, ed-tech startup raises pre-series A
Hello World Kids, a Jordanian Ed-Tech company, has raised an undisclosed pre-Series A funding round. Vision Ventures participated in the…
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Egypt’s Sympl raises $6M in seed round by Beco Capital, Global Ventures, A15
“Save Now, Pay Later” fintech startup, Sympl has raised $6M following its launch last month. The investment is led by…
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Dubai-Based HyperSpace Secures $11M in Seed Round
Dubai-based Extended Reality (XR) Tech startup HyperSpace has secured US $11M inequity and development seed funding round. Introsight and Dubai…
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Cairo-Based EdTech Startup Career 180 Raises $200K
Cairo-based EdTech Startup Career 180 has raised $200K from EdVentures.The investment aims to develop a new employment platform and emerge…
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Saudi FinTech, InsurTech Rasan Secures $24M
Saudi FinTech and InsurTech startup Rasan has secured $24M in its latest funding round led by Impact 46, a Saudi…
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Jordan’s EdTech Startup ‘Abwaab’ Secures $20M in Series A
The Jordanian EdTech and online learning platform Abwaab has successfully secured $20M in its Series A funding round. The funding was…
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UAE-based financial literacy platform Verity secures $800K
UAE-based financial literacy platform Verity has secured $800,000 in pre-seed round. Gearing for the launch of its family banking and…
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Jordanian Startup Eon Dental Raises $26M in Series B
Jordanian dental tech startup Eon Dental has successfully secured $26M in its Series B funding round. The round was led…
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CoinMENA Raises $9.5M Seed Fund
Bahrain-based CoinMENA has raised $9.5M in its first seed funding round led by BECO Capital, Kenetic, Arab Bank Switzerland, Bunat…
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Fintech Startup ‘Sympl’ Raises Its First Funding Round
Cairo-based startup ‘Sympl’ has raised the first funding round from A15 with a regional focus. This first investment marks the…
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Dubai-based Short Stay Vacation Homes Raises $1.9M
Dubai-based Real Estate startup and private property manager Short Stay Vacation Homes (Short Stay) has successfully raised $1.96M in its latest…
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Wuzzuf’s Ameer Sherif Steps Down as CEO, Buckles Up for ITIDA
BasharSoft the parent company of “Wuzzuf and Forasna” recruitment platforms, has announced that the founder, Ameer Sherif has stepped down…
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Nawy raises Seven-Figure investment led by Sawiris family
Cairo-based PropTech startup Nawy has raised an oversubscribed seven-figure Seed round led by the Sawiris family office. Also participating in…
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Aleph acquires 86% in Connect Ads
Aleph Holding, global partner to the world’s biggest digital media players, has today announced its acquisition of 86% of Connect…
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FasterCapital Launches Startup Program To Support Women Entrepreneurs
FasterCapital, an online incubator and accelerator based in Dubai, is launching a cohort for women entrepreneurs. Recent statistics reveal that…
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Breadfast to Donate Kahk to Egyptian Food Bank This Eid
Cairo-based grocery and one-stop app Breadfast is donating scrumptious kahk boxes to the Egyptian Food Bank in the startup’s CSR…
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Laverie: Egyptian Laundry Services provider raises seed round led by A15
Laverie, the first dry-cleaning & laundry app, announced securing an undisclosed six-figure (USD) seed round from A15, the leading Egyptian…
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Access Bridge Ventures: Exclusive Interview
Access Bridge Ventures is a leading early stage venture capital fund supporting budding entrepreneurs across MENA region & Pakistan. With…
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Exclusive: Egyptian Fintech Startup NowPay Joins Y Combinator
Cairo-based fintech startup NowPay has joined Y Combinator’s Winter 21 batch, following a Memorandum of Understanding agreement with the Export…
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Egyptian Fintech Dayra Joins Y Combinator, Secures US $3M in Pre-Seed
Dayra is a Cairo-based fintech startup providing unbanked gig-workers and micro-businesses with financial services. The company has joined Y Combinator’s…
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XPLOR Secures $3M Seed funding from Ayana Holding
XPLOR, the 3D tech, digital twin, and master planning software, has raised a seed fund of US $3 million from…
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Ureed: How to Incorporate Freelancers in Hiring Strategy
Ureed.com offers an unprecedented view on how to incorporate freelancers in your hiring strategy. As a business owner, taking on…
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ElCoach Releases 2020 Numbers- DB Exclusive
Today, ElCoach, MENA’s premier on-demand fitness, and nutrition app released its Year in Review 2020 and we are seriously impressed.…
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Financial Identities’ Cassbana Raises 6 Digits USD
Cassbana, a financial identities’ startup, announced raising a pre-seed round of 6 digits USD to revolutionize the financial service industry in…
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LCP Fund II acquires significant minority stake in Dsquares & Lucky
As its first investment in the market, Lorax Capital Partners Fund II has announced today that it has acquired a…
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Endeavor Egypt Welcomes Dalia Ibrahim to the Board of Directors
Endeavor Egypt welcomes renowned publishing, education entrepreneur, and expert Dalia Ibrahim to its Board of Directors. Dalia Ibrahim is the…
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8 Tools Every New Business Needs
Are you wondering which tools you should be using for your new business? If so, you’ve come to the right…
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Foundation Ventures powers up with 4 new investments
Cairo – Foundation Ventures (FV) is a regional venture capital firm founded in 2019 and is managed by Mazen Nadim,…
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StartEgypt Hosts First Female Founders Forum
The pre-acceleration program, StartEgypt, hosted its first virtual forum for female entrepreneurs, the Female Founders Forum. The one-day virtual event…
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Comscore study: increase in corporate credit card demand
Comscore’s white paper “The COVID-19 Impact on Small Business Credit Card Applications in 2020” revealed that small business card application…
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instaConsult Launches Personal Consultation via Whatsapp
In this age, technology can literally be injected into your skin. So don’t expect this to be a far topic.…
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NowPay Raises US$2.1 Million in Seed Investment
Cairo-based FinTech startup NowPay, a financial-wellness platform for employees in emerging markets, has announced today that the company has raised…
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Cairo-based Last-mile Delivery Startup ‘dreevo’ Raises 6 Digits USD Figure
dreevo, a last-mile delivery-focused startup has raised 6 digits USD figure in a bootstrap, pre-seed fund from EF Logistics, a…
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Tribal Credit Takes Juniper Research’s Best B2B Payment Platform Gold Award
US-based fintech Tribal Credit has won Juniper Research’s Best B2B Payment Platform Gold Award, recognizing its efforts in helping startups…
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Facebook Launches ‘#LoveLocal’ campaign to support local businesses in MENA
Facebook has launched a new initiative to offer digital support to local small and medium businesses in the MENA region,…
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What is a Burn Rate and Why Should Startups Care?
For early-stage startups, having cash is essential to staying afloat. But it’s one thing to have money and another to…
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Amber Solutions Secures $5.5 Million in Series B
Amber Solutions, a technology innovator creating a modern hyper-intelligent electrical architecture, announced the completion of a $5.5-million Series B and…
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Mexico’s Auto-parts Startup ‘RIGS’ Teams Up With Tribal Credit
The auto parts market in Mexico has seen tremendous growth over the past five years, redefining how the automotive industry…
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How Can Startups Use Virtual Credit Cards To Empower Growth?
Virtual credit cards are quickly gaining traction around the world in the B2B payment space. Created for online transactions, they…
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Fintech Tools Every Startup Should Have
In this day and age, there is literally a digital tool for everything. But when you’re a startup with limited…
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Iraq’s First ‘marketplace app’ Lezzoo Raises Seven-figure Seed Round
Lezzoo, the Iraqi startup for delivery and payment on-demand, is geared to become the troubled nation’s first super app, following graduation from…
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5 Link Building Tactics to Boost Your Online Presence
Using SEO to build an online presence is an essential need these days. Apart from putting your brand in the…
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Cairo-based Fintech Startup MoneyFellows Raises US $4M in Series-A
Egyptian fintech startup MoneyFellows has raised US $4 million in a Series-A investment round from venture capital (VC) firms Partech and…
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Demand for Arabic chatbots surges in H1-2020 amid COVID-19, WideBot data shows
Egyptian chatbot startup WideBot witnessed a surge of Arabic chatbot building requests during the first half of 2020, amounting to…
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Fintech giant ‘Brex’ lays off 62 of staff despite raising $150M
Brex founders Pedro Franceschi and Henrique Dubugras wrote in a blog post published yesterday that 62 people would be let go.…
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Tribal Credit Joins Visa’s Fintech Fast Track to Bridge Equity Gap for MENA Startups
US-based startup Tribal Credit, which raised $9.1 million in a series of seed rounds, announced that it had joined Visa’s…
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Coronavirus: Fitness App ‘ElCoach’ Gives Away 30-days Free For Everyone
Bodybuilders, gym-goers, and fitness enthusiasts have been scrambled to find alternative ways to sweat after closing gym chains & boutique…
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Online Learning Platform Abwaab Raises 2.4M in Seed Funding
Abwaab, MENA’s latest online learning platform, today announces the closing of its $2.4M pre-seed funding round. The round was kicked…
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Unlocking Potential Unicorns in MENA’s Mystery Land
Aside from the never-ending ancient archeological discoveries, Egypt is one of the fastest-growing startup ecosystems in MENA. A Magnitt report…
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Gemini Enterprises Africa and RiseUp LLC join forces for Pyramids Plateau until 2022
Gemini Enterprises Africa, part of Orascom Group, and RiseUp LLC, the MENA region’s connector of startups to local and global…
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RiseUp kicks off its 7th edition at AUC New Cairo Campus
RiseUp Summit 2019, MENA’s leading entrepreneurship event, kicked off Thursday at the American University in Cairo (AUC) New Cairo Campus,…
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Silicon Valley’s Tribal Credit Raises $5.5M in Seed Funding to Bank Startups
Tribal Credit closed a $5.5 million Seed round led by BECO Capital and Global Ventures to bank startups in emerging…
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A15 doubles down on Intouch.com investment to redefine retail experiences for MENA shoppers
The leading tech investor A15 has capitalized on its investment in Ireland-based retail personalization platform Intouch by doubling down on…
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RiseUp selects 15 regional startup finalists for ‘Pitch by the Pyramids’
RiseUp has completed its selection of 15 startups from seven cities across the Middle East and North Africa to pitch…
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Efficient Marketing Tools to Create Viral Campaigns Rapidly
Marketing has always been a subtle companion of trade and e-commerce. It started with word of mouth and later grew…
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‘Boost with Facebook’ partners with RiseUp to bring digital skills training to Egyptian startups
Facebook announced on Tuesday its partnership with RiseUp to bring ‘Boost with Facebook’, its global program designed to help small…
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Amman-based POSRocket Takes Cash Registers to the Cloud
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…
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Jamalon Brings Books Beyond Borders
Did you know that Arabic is the fifth most spoken language globally? Doing one for the language is Jamalon, the…
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Silicon Valley’s Tribal Credit Eyes MENA, Closing Round to Bank Startups
Silicon Valley-based Tribal started private beta testing with MENA startups and is closing a funding round that includes some of…
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6 things you can do to create a better working environment
A big part of having a successful business is having happy and content employees. And while it’s true you can’t…
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Career180 raises USD 100,000 seed fund from EdVentures
Career180, a centralized and comprehensive career advising platform in Egypt that aims to qualify youth to the job market, has…
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Good People, Kijamii partner to form ‘GP&K’ digital driven network
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…
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Eventtus, Event-Tech, to Open Office in Saudi Arabia
Today, Eventtus, the leading event-tech company, announces that it will open its third office in Riyadh, Saudi Arabia, alongside the…
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Egypt’s NowPay Raises $600k from Endure Capital, 500 Startups
Egyptian fintech startup, NowPay, said it’s closing a new undisclosed round after raising USD 600,000 in Seed funding from Silicon…
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Middle Eastern Female Entrepreneurs Outpacing Other Nations
The number of new startups in the Middle East has risen by more than 42% in the past three years,…
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