Press Release

South African API Company Stitch raises $21M in Series A round

South African API startup Stitch raises $21M in series A

Stitch, an API infrastructure company that enables simple, easy access to user financial accounts, has raised $21M in a Series A funding round for its API infrastructure & embedded finance platform. Launched in...
Savii Banking

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. Founded in 2021 by Jane Harvey and Nichola Collinson, Savii targets unbanked teens aged...
Dubai-Based HyperSpace Secures $11M in Seed Round

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 Financier Mohammed Afkhami led the funding. GoPuff Founder and CEOs Yakir Gola and Rafael Ilishayev,...
Cairo-Based EdTech Startup Career 180 Raises $200K

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 it with the Freelance Yard platform. Founded in December 2016, Career 180 aims to prepare...
Saudi FinTech, InsurTech Rasan Secures $24M

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 asset manager and advisor. This funding round accelerated growth in the InsurTech domain in the...
UAE-based financial literacy platform Verity secures $800K

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 financial literacy app in the Middle East. VentureSouq, Wamda, and Beyond Capital led the round....
Egyptian E-grocery Rabbit Raises $11M in Pre-Seed

Egyptian E-grocery Rabbit Raises $11M in Pre-Seed

The Egyptian E-grocery platform Rabbit has successfully secured $11M in its Pre-Seed round. The deal was led by Global Founders Capital, Foundation Ventures, Raed Ventures, MSA Capital, and Goodwater Capital. Rabbit is an on-demand quick...
Carrefour Signs A Partnership with Meta

Carrefour Signs A Partnership with Meta

Carrefour has launched a partnership with Meta; to support the group's digital transformation, and provide more personalized experiences for customers and 320,000 employees. The initiative will be rolled out across the group's nine integrated countries (France,...
Vodacom buys 55% stake in Vodafone Egypt

Vodacom buys 55% stake in Vodafone Egypt

South Africa's Vodacom Group Limited has agreed to buy 55% stake in Vodafone Egypt. The deal captures growth in a fast-growing information communications and technology market. Vodacom operates in 7 countries including South Africa, Tanzania,...
CoinMENA Raises $9.5M Seed Fund

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 Ventures, Alameda Research, Rua Growth Fund, and Girnas Capital. In addition to a number of...