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Reporting on the business of technology, startups, venture capital funding, and more.

TikTok to introduce new creator tools, live audio, avatars

TikTok to introduce avatars, live audio, new creator tools, more

TikTok is working on a number of new features including, Bitmoji-like avatars, keyword filtering for the "For You Page", group chats, audio-only live streams, and more tools for creators. Bitmoji-like avatars feature lets you use...
Apple releases a new macOS Monterey 12.1 update

Apple releases a new macOS Monterey 12.1 update, more

Apple has released a new macOS Monterey 12.1 update that adds SharePlay, an entirely new way to have shared experiences with family and friends in FaceTime. This update also includes the Apple Music Voice...
Cairo-Based Fintech Startup ‘Sympl’ Raises $6M SEED

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 three top Venture Capital firms in the region including Beco Capital, A15, and Global...
GoDaddy data breach exposes 1.2 million user accounts

Hack Alert: GoDaddy data breach exposes 1.2 million user accounts

Web hosting and domain seller giant GoDaddy has reported a data breach that exposed 1.2 million customers' data to hackers. GoDaddy's chief information security officer Demetrius Comes, said, "the company detected unauthorized access to its...
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...
Jordanian EdTech Abwaab Secures $20M in Series A

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 led by existing investor BECO Capital (UAE) and joined by 4DX Ventures (USA), GSV Ventures...
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,...

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