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| Jul 17, 2025 | Moniepoint, PiggyVest, M-KOPA, Interswitch named among world’s top 300 fintechs by CNBC | Ten African fintechs, including Interswitch, Moniepoint, M-KOPA, OPay, and PiggyVest, have been named among the world’s top 300 fintech companies in 2025 by CNBC and Statista. The list highlights firms driving innovation across seven segmen... |
| May 19, 2025 | MaxAB-Wasoko makes first post-merger move with acquisition of Egypt’s Fatura | In its first post-merger move, MaxAB-Wasoko, the B2B e-commerce giant formed from the 2024 merger between Kenya’s Wasoko and Egypt’s MaxAB, has acquired Fatura, an Egypt-based B2B e-marketplace, from EFG Finance. The deal is a fresh push to... |
| Nov 25, 2024 | Saudi VC Vision Ventures onboards Jordanian LP for second fund | Kais Al Essa, founding partner and CEO, Vision Ventures
Vision Ventures, a Saudi Arabia-based early-stage venture capital firm that backs tech-led startups in the Middle East and North Africa (MENA) region has secured a limited partner comm... |
| Jul 25, 2024 | The Rise of Local Giants: Anghami and India’s Plant-Based Revolution**
** | ** In the vast landscape of global markets, local players often find themselves overshadowed by giants. Yet, in the Middle East and North Africa (MENA) region, Anghami has carved out a niche that challenges the dominance of Spotify. Meanwhi... |
| Jul 19, 2024 | In MENA, Spotify plays second fiddle to one homegrown platform | Community Content
This article was written by a TIA community member. Community pieces are curated and lightly edited by TIA editors compared to stories produced by our newsroom.
Lara Fakhry · 7h ago · 6 min readIn MENA, Spotify plays secon... |
| Oct 9, 2023 | Medius appoints Karim Jouini to Chief Product & Technology Officer and Ahmed Fessi to Chief Transformation & Information Officer | Medius appoints Karim Jouini to Chief Product & Technology Officer and Ahmed Fessi to Chief Transformation & Information Officer
Mon, Oct 09, 2023 08:00 CET Report this content
9th October 2023, Jacksonville, Florida – Medius, a lea... |
| Feb 8, 2023 | Egyptian health tech Yodawy raises $16M, backed by Delivery Hero Ventures | Without proper government-led public health initiatives, healthcare expenditures, including insurance and pharmaceutical drugs, can burden individuals and households. In recent years, private institutions have played a massive part in the c... |
| Dec 13, 2022 | В поисках стартапа-носорога. Венчур Северной и Южной Африки в одной поездке | Год назад я бы ни за что не поверила, что вместо Web Summit в Лиссабоне, куда я собиралась ехать третий год подряд, я отправлюсь в Африку.
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https://www.holoniq.com/notes/2022-middle-east-north-africa-edtech-50
Не буд... |
| Oct 31, 2022 | Invygo raises $10M to make long-term car subscription a breeze | Invygo, a startup operating in UAE and Saudi Arabia, has raised $10 million in its Series A funding led by MEVP as it works to scale its car rental service in the region.
The Middle East-based startup, founded by Eslam Ahmed Hussein and Pul... |
| Mar 22, 2022 | Bitmain Redux: Bitdeer and BitFuFu Are About to Test US Stock Market's Mining Appetite | BitFuFu and Bitdeer will be the first cloud mining platforms to list on U.S. stock exchanges this year, and if their current valuations are anything to go by, investors are willing to pay up for their “phenomenal” growth prospects, even as ... |
| Feb 1, 2022 | BREAKING: Retailo raises $36m Series A funding from AgFunder, Graphene & others | Disclosure: AFN’s parent company, AgFunder, is an investor in Retailo.
Retailo — an online B2B marketplace that connects merchants with food producers and other suppliers — has raised $36 million for its Series A round, which included both ... |
| Jan 30, 2022 | Egyptian social commerce startup Brimore raises $25M led by IFC and Endure Capital | The Egyptian social e-commerce market will be worth over $14.8 billion by 2024. The opportunity in the market can be attributed to the growth in online social sellers in the country, over 1.25 million them, helping little-known brands sell ... |
| Jan 23, 2022 | Bahrain based Crypto Exchange Rain Financial Secures $110M via Series B Round | Bahrain-headquartered cryptocurrency exchange Rain Financial has secured $110 million in capital via a Series B round.
Rain Financial reports that its investment round has been co-led by Paradigm and Kleiner Perkins along with contributions... |
| Dec 30, 2021 | African tech took center stage in 2021 | Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech st... |
| Dec 23, 2021 | Founders at Work: 160+ историй от основателей стартапов | В прошлом году я делал подборку с историями от рускоговорящих основателей из YCombinator, недавно я поднапрягся и поискал по интернету все истории основателей на англиском языке (текст, аудио и видео). Нашел истории 160+ стартапов, рассказа... |
| Dec 8, 2021 | Pakistani fashion ecommerce firm bags $2.4m pre-series A money | EcommerceInvestmentsNewsStartups
Aditya Hadi Pratama · 8 Dec 2021 · 1 min readPakistani fashion ecommerce firm bags $2.4m pre-series A money
Clicky, a Pakistan-based ecommerce that focuses on fashion products, has raised US$2.4 million pre-... |
| Dec 2, 2021 | Investors are clamoring for a slice of Egypt’s B2B logistics tech scene | With all the news of global supply chain challenges, it’s no wonder logistics and last-mile delivery services have become such big business in the agrifoodtech world. In Cairo, a city of 21 million people, it’s not just big: it’s huge.
“[We... |
| Nov 11, 2021 | Egyptian 20-minute grocery delivery startup Rabbit raises USD 11 million in region’s largest pre-seed | Cairo-based 20-minute grocery delivery startup Rabbit has raised USD 11 million in the largest ever pre-seed round of the Middle East and Africa, the company announced in a statement. The investment came from Global Founders Capital, Founda... |
| Nov 10, 2021 | A15 invests in Egyptian-based ‘buy now, pay later’ platform Sympl | Venture capital firm A15 recently announced an undisclosed investment in early-stage, Egypt-based startup Sympl. Founded in October, Sympl is a “buy now, pay later” provider that allows customers to shop and settle their balance in installm... |
| Nov 2, 2021 | Zarya raises USD 1.7 million pre-seed to build a ‘Meesho for Pakistan’ | Lahore-based B2B e-commerce platform Zarya has raised USD 1.7 million in a pre-seed round led by one of MENA’s leading VCs, Raed Ventures. The round was joined by Fatima Gobi Ventures, US-based Class 5 Global, Global Founders Capital, and E... |
| Oct 22, 2021 | Pakistan’s Colabs wants to build a community of 100,000 entrepreneurs and freelancers | Colabs might seem just like another co-working operator on the surface, but what sets this company apart is its ambition to create the largest community of entrepreneurs and freelancers in Pakistan. The company plans to achieve this through... |
| Oct 21, 2021 | Pakistani e-commerce logistics startup Rider raises USD 2.3 million seed round | Karachi-based e-commerce logistics startup Rider has raised USD 2.3 million in a seed round led by Global Founders Capital, Fatima Gobi Ventures, and the Asian Development Bank, the company announced in a statement. TPL E-Ventures and Trans... |
| Oct 13, 2021 | The Week in Agrifoodtech: Rebel Foods raises $175m, Culture Biosciences banks $80m (UPDATED) | Editor’s note: Culture Biosciences’ $80 million fundraise was announced at 3 pm ET on Thursday, October 14. AFN has added the news as an update to this roundup.
There was news of two major funding rounds in India this week, with cloud kitch... |
| Oct 11, 2021 | Tazah raises USD 2 million pre-seed to solve inefficiencies in Pakistan’s food and agricultural supply chain | Lahore-headquartered business-to-business fresh produce marketplace Tazah has raised USD 2 million in a pre-seed round co-led by Global Founders Capital and Zayn Capital. Ratio Ventures, Walled City Co., i2i Ventures, Suya Ventures, Globibe... |
| Oct 7, 2021 | Dubai-based crypto exchange BitOasis raises USD 30 million Series B | Dubai-headquartered digital asset exchange BitOasis has raised USD 30 million in a Series B round co-led by US VC firm Jump Capital and returning investor Wamda, the company announced in a statement. The round was also joined by Alameda Res... |
| Sep 20, 2021 | Maqsad raises USD 2.1 million to make education accessible for ‘100 million’ Pakistani students | Karachi-headquartered edtech company Maqsad has raised USD 2.1 million in a pre-seed round led by Indus Valley Capital. The investment included participation from Alter Global, Fatima Gobi Ventures, and founders of different startups in the... |
| Sep 16, 2021 | Saudi customer engagement platform Unifonic raises USD 125 million from SoftBank, others | Riyadh-based customer engagement platform Unifonic has raised USD 125 million in a Series B led by SoftBank Vision Fund 2 and Saudi Arabia’s Public Investment Fund subsidiary Sanabil Investments, the company said, without sharing any detail... |
| Sep 15, 2021 | Meet the founder: Retailo’s Talha Ansari talks supply chain digitalization in the Middle East | Disclosure: AFN’s parent company AgFunder is an investor in Retailo.
Unlike in Europe and North America, grocery shopping in much of Asia and the Middle East doesn’t typically revolve around big-brand supermarket chains stocking everything ... |
| Sep 15, 2021 | Digital freight marketplace BridgeLinx raises USD 10 million in Pakistan’s largest seed round | Lahore-headquartered digital freight marketplace BridgeLinx has raised USD 10 million in the country’s largest seed round. The round, one of the largest seed rounds in the region, was led by Harry Stebbings’ 20 VC, Josh Buckley’s Buckley Ve... |
| Aug 25, 2021 | B2B marketplace and digital ledger Bazaar raises USD 30 million in Pakistan’s largest Series A | Karachi-headquartered, 16-month-old B2B e-commerce startup Bazaar has raised USD 30 million in the largest Series A round for a Pakistani startup. The deal comes just seven months after Bazaar’s seed round. It was led by California-based ea... |
| Aug 19, 2021 | Pakistan’s Airlift raises USD 85 million Series B for international expansion of its quick commerce platform | Lahore-headquartered quick commerce startup Airlift has raised USD 85 million in the largest-ever funding round for a Pakistani startup. The round is also the largest Series B raised by a startup in the Middle East, North Africa, and Pakist... |
| Aug 10, 2021 | Alibaba-backed Trendyol becomes Turkey’s first decacorn, raises USD 1.5 billion at USD 16.5 billion valuation | Istanbul-headquartered e-commerce marketplace Trendyol has become Turkey’s first decacorn after raising USD 1.5 billion in fresh funds that valued the company at USD 16.5 billion. It makes the online firm the most valuable company in Turkey... |
| Aug 9, 2021 | When it comes to investing in African tech, sustainability matters | This article was written by Maya Horgan Famodu – partner & founder of Ingressive Capital – and reviewed by TechCabal’s editorial team. All views are hers and not attributable to TechCabal. Sustainability and African tech startups
Ingres... |
| Aug 6, 2021 | Pakistani health startup Marham nets $1M in seed round | Credit: Marham |
| Aug 5, 2021 | ‘Buy now, pay later’ platform Tabby raises USD 50 million Series B at USD 300 million valuation | Dubai-headquartered fintech Tabby has raised USD 50 million in a Series B equity round at a valuation of USD 300 million. This makes Tabby one of the highest valued startups in the Middle East and North Africa. The round was led by Global F... |
| Aug 4, 2021 | Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation | These past few years have seen the emergence of buy now, pay later services worldwide, with leading players raising buttloads of cash to serve an insatiable young adult population who don’t fancy credit cards or paying interest.
In what see... |
| Aug 3, 2021 | Former Careem Pay boss launches card-as-a-service platform SimpliFi for MENA and Pakistan | SimpliFi, a card-as-a-service platform for the Middle East, North Africa, and Pakistan, has announced its launch. The Dubai-headquartered startup had been operating in stealth mode until now. It has also closed a seed round led by Saudi’s R... |
| Aug 2, 2021 | Kuwait’s Zain launches VC arm with investments in Swvl and Pipe | Zain, the region’s leading telecommunications group that’s present in seven markets and serves close to 50 million individuals and businesses, has launched a venture capital arm, Zain Ventures, it announced today. With the launch, Zain Vent... |
| Jul 29, 2021 | Ride-sharing startup Swvl is going public via SPAC at a valuation of USD 1.5 billion | Dubai-headquartered ride-sharing startup Swvl said it is going public through a merger with a special purpose acquisition company, or SPAC. The deal was first reported by The Wall Street Journal. The mobility company is merging with Queen’s... |
| Jul 28, 2021 | GoodsMart raises USD 3.6 million to grow contactless grocery delivery platform | Cairo-based grocery delivery platform GoodsMart has raised USD 3.6 million in a recent funding round led by Sawari Ventures, the company announced. The startup has previously raised money from Algebra Ventures in two rounds.
Launched in 201... |
| Jul 28, 2021 | Egyptian ride-sharing company Swvl plans to go public in a $1.5B SPAC merger | Cairo and Dubai-based ride-sharing company Swvl plans to go public in a merger with special purpose acquisition company Queen’s Gambit Growth Capital, Swvl said Tuesday. The deal will see Swvl valued at roughly $1.5 billion.
Swvl was founde... |
| Jul 27, 2021 | Pakistan’s Dastgyr raises USD 3.5 million seed for its B2B e-commerce marketplace | Karachi-headquartered B2B e-commerce marketplace Dastgyr has raised USD 3.5 million in a seed round led by SOSV, it announced today. With this round, the company has raised a total of USD 4 million. Other investors include Asian Development... |
| Jul 27, 2021 | Egyptian grocery delivery startup, GoodsMart raises $3.6 million for country-wide expansion | Share this article:
Egyptian grocery delivery startup, GoodsMart has announced a $3.6 million raise led by Sawari Ventures. Prior to this, the startup has raised over $1 million from investors including Algebra Ventures.
Founded in 2014 by ... |
| Jul 14, 2021 | Food delivery platform Elmenus raises USD 10 million from Fawry and Luxor Capital | Cairo-based food ordering and delivery platform Elmenus has raised USD 10 million in a pre-Series C funding round from leading Egyptian payments firm Fawry, the company announced in a statement. New York-based hedge fund Luxor Capital and E... |
| Jul 13, 2021 | Egypt’s Yodawy raises USD 7.5 million Series B for its digital pharmacy marketplace | Cairo-based health tech firm Yodawy has raised USD 7.5 million in a Series B round led by Middle East Venture Partners (MEVP), Global Ventures, and Algebra Ventures. Egypt’s CVentures, P1 Ventures, and Athaal Angel Investors Group also part... |
| Jul 12, 2021 | Nejree raises USD 15 million Series A for ‘try now, buy later’ fashion e-commerce platform | Saudi Arabian fashion e-commerce platform Nejree has raised USD 15 million in a Series A round led by Impact46’s growth fund, it announced in a statement. The round takes Nejree’s total financing to over USD 19 million. The Riyadh-headquart... |
| Jul 6, 2021 | MaxAB Series A funding, Facebook’s fibre in DRC, Nigeria’s #TwitterBan losses? | Share this article:
Good day,
Today, I’m discussing:
MaxAB’s $40m Series A
Liquid Intelligence Technologies’ partnership with Facebook
Nigeria’s #TwitterBan: Any economic costs? Egypt-based B2B eCommerce startup, MaxAB, raises $40m Series A... |
| Jul 6, 2021 | Egypt’s MaxAB closes USD 40 million Series A to fuel expansion of B2B e-commerce platform | Cairo-headquartered B2B e-commerce platform MaxAB has raised USD 40 million in its Series A round led by RMBV, a North Africa-focused impact investor, it announced in a statement. The deal also included the participation of IFC, Flourish Ve... |
| Jul 2, 2021 | Dubai’s Kitopi hits unicorn status with USD 415 million Series C round led by SoftBank | Dubai-based cloud kitchen startup Kitopi has raised USD 415 million in a Series C investment led by SoftBank’s Vision Fund 2, the company said in a statement. It is one of the largest-ever financing rounds raised by a venture-backed company... |
| Jun 29, 2021 | Gulf Countries See Spike In E-Commerce Activity And Innovation | DUBAI, UNITED ARAB EMIRATES: Fireworks dominate the sky of Dubai late 23 January 2005 as every ... [+] night during the annual shopping festival in the oil-rich Gulf emirate. The United Arab Emirates' official news agency, WAM, announced ea... |
| Jun 29, 2021 | Saudi Arabia’s Tamer Group acquires Dubai-based Mumzworld | Tamer Group, a Saudi company with interests in healthcare, beauty, and FMCG products, is acquiring Mumzworld, the region’s leading e-commerce platform for mother, baby, and child products, the group said in a statement. Financial details of... |
| Jun 28, 2021 | Egypt’s Cameo-like celebrity shoutout platform, Minly, raises $3.6 million seed | Minly, a Cairo-based celebrity video startup has secured $3.6 million in seed funding co-led by 4DX Ventures, B&Y Venture Partners, and Global Ventures. Other leading regional funds and several angel investors also participated in the o... |
| Jun 24, 2021 | Saudi Arabia grants digital banking licenses to STC Pay and firm led by Artar | STC Pay and another local firm have become the first companies in Saudi Arabia to receive a digital banking license. The Saudi cabinet gave approval to the country’s finance minister to issue the licenses, the local state news agency report... |
| Jun 23, 2021 | Dubai-based ‘buy now, pay later’ platform Tabby raises USD 50 million in debt financing | Dubai-based “buy now, pay later” platform Tabby has raised USD 50 million in debt financing from San Francisco-based Partners for Growth, the company announced in a statement. The startup said that this is the largest debt facility raised b... |
| Jun 22, 2021 | Egypt’s Trella raises USD 42 million in Series A round led by Maersk and Raed Ventures | Cairo-headquartered trucking marketplace Trella has raised USD 42 million in a Series A round comprised of equity and debt, the company said. The round includes USD 30 million in equity investment and USD 12 million as debt financing. The e... |
| Jun 17, 2021 | Flat6Labs launches USD 20 million seed fund for Jordan | Flat6Labs, one of the leading accelerators in the region, has expanded to Jordan with the launch of a USD 20 million seed fund. The fund (Jordan Seed Fund) has already achieved the first close of USD 7.4 million from the International Finan... |
| Jun 16, 2021 | Pakistan’s Jugnu raises USD 3.2 million for B2B e-commerce marketplace | Karachi-headquartered B2B e-commerce marketplace Jugnu and its parent company Saleflo have raised around PKR 518 million (USD 3.2 million) from Systems Limited, a Lahore-based leader in outsourced technology and business process services. S... |
| Jun 15, 2021 | Fatura’s pre-series A funding, Ethio Telecom’s partial privatisation, YouTube’s latest ad ban | Share this article:
Good day,
Today, I’m discussing:
Fatura’s latest funding round
Ethio Telecom’s 40% stake sale
YouTube’s latest ad ban Egypt-based Fatura raises $3m pre-series A
Fatura Co-founders. Source:MENAbytes
Egypt-based Business t... |
| May 28, 2021 | Middle East and Africa will reap benefits from Nuwa Capital’s newest fund | Nuwa Capital, a venture capital firm based in Dubai and Riyadh, announced the first close of its $100 million NVFI fund in February.
The close was three-quarters of the target and was done in less than a year following the firm’s launch in ... |
| May 25, 2021 | Egyptian agritech startup, Mozare3, raises over $1 million pre-seed to grow its network of farmers | Share this article:
Egyptian agritech startup, Mozare3, has raised over $1 million in a pre-seed round. Algebra Ventures, Disruptech, and some angel investors like EFG-EV, participated in the round.
Mozare3 CEO, Hussein Abou Bakr, and his C... |
| May 24, 2021 | Gathern raises USD 6 million in Saudi Arabia’s largest Series A round for a woman-led firm | Riyadh-based peer-to-peer vacation rental marketplace Gathern has raised USD 6 million in a Series A round led by Saudi’s leading VC STV, the company said in a statement on Monday. The existing investors, including Vision Ventures, 500 Star... |
| May 18, 2021 | Cairo-based furniture marketplace, Homzmart, closes $15 million Series A | Share this article:
Homzmart, an Egyptian-based marketplace startup, has secured $15 million in its Series A investment round, TechCrunch reports.
In February 2020, the startup’s $1.3 million seed round was reported by Menabytes as one of t... |
| May 17, 2021 | Sequoia leads $5M pre-seed in Egypt’s 1-month-old digital bank Telda | Egypt has a population of over 100 million people. The country has a high mobile and internet penetration necessary for a young and tech-savvy population with 61% below 30. But despite its youthful population, two out of every three individ... |
| May 7, 2021 | Saudi’s Sary raises USD 30.5 million in Series B for B2B e-commerce marketplace | Saudi B2B e-commerce marketplace Sary has raised USD 30.5 million in its Series B funding round led by VentureSouq, it announced on Thursday. The round was also joined by Silicon Valley’s Rocketship.vc, STV, and returning investors Raed Ven... |
| Apr 24, 2021 | Saudi fintech firm Tamara raises USD 110 million in record Series A led by Checkout.com | Riyadh-headquartered buy now pay later (BNPL) platform Tamara has raised USD 110 million in its Series A funding round led by leading global payment processor Checkout.com, the company announced. The round is comprised of debt and equity an... |
| Apr 20, 2021 | Appetito is building Instacart for Egypt and has raised $450k in seed funding | A Cairo-based grocery delivery startup called Appetito has raised $450,000 in seed funding.
Appetito was founded in March 2020 by Shehad Mokhtar. He started with private label products offered in Cairo, Giza and Alexandria with next day and... |
| Apr 15, 2021 | Bazaar launches digital ledger app Easy Khata, 100,000 merchants sign on in less than two months | Karachi-based B2B e-commerce marketplace Bazaar has launched Easy Khata, a new mobile app that helps retailers manage their ledger and accounting. The app, launched a little over a month ago, has already brought on board over 100,000 active... |
| Apr 13, 2021 | Pakistani trucking marketplace startup Truck It In raises $1.5m in pre-seed round | Pakistan’s Truck It In has raised $1.5 million for its trucking marketplace in a pre-seed round led by Global Founders Capital. This is one of the largest pre-seed investments raised by a startup based in the Middle East, North Africa and P... |
| Apr 8, 2021 | Paymob raises $18.5m in largest Series A for an Egyptian fintech | In August 2020, Egyptian fintech Paymob announced that it raised $3.5 million to improve its capacity and acquire more merchants to use its payments services. That mission has now received additional funding, bringing the startup to a forma... |
| Apr 8, 2021 | Stripe expands to the Middle East with UAE launch | Global online payments company Stripe has finally made its way to the Middle East. It announced its official launch in the United Arab Emirates with the opening of its office in Dubai Internet City, on Tuesday. The launch comes after the in... |
| Apr 8, 2021 | Egypt’s Paymob closes $18.5M Series A to expand payments services across MENA | While Nigeria and Kenya have been at the forefront of African fintech innovation, activities in Egypt are beginning to shape up nicely. Right now, Egypt is home to a burgeoning fintech startup ecosystem, and today, one of its biggest player... |
| Apr 6, 2021 | Kuwaiti beauty e-commerce platform Boutiqaat acquitted in money laundering case | Boutiqaat, the leading Kuwaiti beauty e-commerce platform, has been acquitted of money laundering, the company said in an announcement. The case was dismissed after public prosecution found no evidence of money laundering or illicit activit... |
| Apr 5, 2021 | Egyptian VC firm Sawari Ventures finally closes $71M fund for North African startups | Egyptian-based VC firm Sawari Ventures has closed its $71 million fund for North Africa’s rapidly growing startup ecosystem.
The firm first announced its fund in 2018, when it closed an initial $35 million (which subsequently increased to $... |
| Apr 1, 2021 | Pakistani fintech SadaPay raises USD 7.2 million in country’s largest seed round | Islamabad-headquartered fintech SadaPay has raised USD 7.2 million in a seed round led by New York-based Recharge Capital. The financing is the largest-ever seed closed by a Pakistani startup. It includes participation of returning investor... |
| Mar 31, 2021 | Pakistan-Based Fintech SadaPay Secures $7.2 Million Through Seed Funding Round Led By Recharge Capital | SadaPay, a Pakistan-based fintech startup, has reportedly secured $7.2 million through its latest seed funding round, which was led by Recharge Capital with participation from Kingsway Capital, Raptor Group, Ualá’s founder Pierpaolo Barbier... |
| Mar 22, 2021 | Saudi Arabia’s Hala raises USD 6.5 million Series A to become digital bank for SMEs | Riyadh-based fintech Hala (previously known as Halalah) has raised USD 6.5 million in a Series A round led by Impact46, which invested through their growth fund. The round also included participation of Wamda and other investors.
Founded in... |
| Mar 16, 2021 | Jordan’s Propeller hits first close for new USD 15 million fund | Amman-based early-stage VC Propeller has concluded the first close of its second fund, Propeller Ventures II. The fund has a target size of USD 15 million and aims to achieve the final close next year. Investors in the fund include Jordan’s... |
| Mar 8, 2021 | Anghami’s journey to the public markets: Everything you need to know | Last week, Anghami became the first Arab technology company to announce that it’s going public through a listing on the Nasdaq in New York later this year after merging with a SPAC. As part of the deal, the company is expected to receive an... |
| Mar 4, 2021 | Anghami to list on Nasdaq via SPAC at USD 220 million valuation | Anghami, the leading music streaming platform in the Middle East and North Africa, is going public by merging with a special purpose acquisition company, or SPAC.
SPACs are also known as blank check companies and are formed to raise money t... |
| Mar 2, 2021 | Indus Valley Capital raises USD 17.5 million to invest in early-stage Pakistani startups | Indus Valley Capital, a Pakistan-focused VC founded and led by former LinkedIn executive Aatif Awan, has raised USD 17.5 million for its maiden fund. The fund had a target size of USD 15 million and was oversubscribed with over 75 individua... |
| Feb 24, 2021 | Open Banking platform Tarabut Gateway raises USD 13 million in MENA’s largest seed round | Bahrain-headquartered Open Banking platform Tarabut Gateway has raised USD 13 million in a seed round led by Berlin-headquartered VC Target Global. The round was also joined by United Kingdom’s Kingsway and Entrée Capital, as well as region... |
| Feb 17, 2021 | The rise of buy now pay later in the Middle East: Overview and predictions | As much of the world went into lockdown last year, most people turned to online shopping, which accelerated e-commerce adoption and increased its share of total US retail sales by 75% last year, growing from 8% penetration in 2019 to 14% in... |
| Feb 16, 2021 | Why Investors Should Heed The African Tech Startups Devouring Consumer Finance | By Damien Pieretti |
| Feb 14, 2021 | Fintech Stripe Invests in Karachi based Digital Payments Startup Safepay’s Seed Round | Karachi-based Fintech firm Safepay has reportedly acquired seed funding from global financial technology company Stripe. Safepay hasn’t disclosed the amount it has received but claims that it’s a seven-figure (USD) amount.
Other local and i... |
| Feb 4, 2021 | Lebanon-based global treasury management SaaS TreausryXpress gets acquired by Bottomline | Bottomline, a US-based publicly listed payments company, with a market cap of USD 2.2 billion, has acquired treasury management software provider TreausryXpress, the two companies announced in a statement on Tuesday. The financial details o... |
| Feb 2, 2021 | Fawry’s market cap swells to over USD 2 billion | Less than six months after becoming the first billion-dollar technology company in Egypt, Fawry has hit another milestone by surpassing USD 2 billion in market cap for the first time. Its stock has doubled in the last six months and closed ... |
| Feb 1, 2021 | Camelan gets Y Combinator’s backing for P2P video-based marketplace | Dubai-based peer-to-peer video-based marketplace Camelan has received Y Combinator’s backing. It is part of Y Combinator’s ongoing Winter 2021 (YC W21) batch, the startup told MENAbytes. Ziina, a Dubai-based fintech firm, is also part of YC... |
| Jan 21, 2021 | 12 African fintech startups to watch in 2021 | The BackEnd explores the product development process in African tech. We take you into the minds of those who conceived, designed and built the product; highlighting product uniqueness, user behaviour assumptions and challenges during the p... |
| Jan 19, 2021 | Pakistani startup Bazaar raises a staggering $6.5 million in a seed funding round | In one of the largest seed funding rounds, Bazaar has raised $6.5 million in seed funding in a round co-led by Global Founders Capital and Indus Valley Capital. This is Global Founders first investment in a Pakistani startup and the amount ... |
| Jan 15, 2021 | Mental health companies that raised funding in 2020 | Headspace, Lyra, Koa Health, Ginger, and Spring Health were among those that saw new investments
2020 was a tough year, to state the obvious. With all the death from the pandemic, COVID-caused isolation, civil unrest, and all the election s... |
| Jan 13, 2021 | Delivery Hero launches USD 60 million fund for early-stage startups | Delivery Hero, the Berlin-headquartered global food and grocery delivery giant has launched an independently managed early-stage venture capital fund, DX Ventures, to invest in startups all around the world. The fund has USD 60 million of c... |
| Jan 12, 2021 | Sarwa receives experimental permit for investment advisory services in Saudi Arabia | Dubai-based investment advisory platform Sarwa is expanding to Saudi Arabia after receiving a fintech experimental permit from Saudi’s Capital Markets Authority (CMA), the company said in a statement. The development comes almost a year aft... |
| Jan 11, 2021 | Saudi Central Bank issues Open Banking policy, aims to go live in 2022 | SAMA, the Saudi Central Bank (previously known as Saudi Arabian Monetary Agency) has issued its Open Banking policy, listing the objectives and benefits for the local financial sector. The move is part of a series of initiatives that SAMA h... |
| Dec 14, 2020 | Saudi food delivery startup Jahez plans to go public in 2021 | Riyadh-based food delivery startup Jahez is planning an IPO for next year, its CEO Ghassab AlMandeel said during a fireside chat with Digital Digest’s Racha Ghamlouch at RiseUp Summit on Saturday. AlMandeel said this in response to a questi... |
| Dec 9, 2020 | Startup Istanbul launches USD 10 million fund for pre-seed startups | Startup Istanbul, a startup event that takes place in Istanbul every year, has launched a VC fund to invest in pre-seed startups in emerging markets. The target size of the fund is USD 10 million and it is expected to hit the first close wi... |
| Dec 7, 2020 | Dubai’s Sprii enters liquidation after running out of cash | Dubai-based baby products ecommerce platform Sprii has been placed into liquidation after running out of cash, MENAbytes has learned. A board resolution was passed to place the company into liquidation, appointing accounting firm Grant Thor... |
| Dec 1, 2020 | Egypt’s Trella expands its trucking marketplace to Pakistan | Cairo-based trucking marketplace Trella has expanded to Pakistan with the launch of its operations across the country, the company said to MENAbytes. It is the third market for the Egyptian startup, which expanded to Saudi Arabia earlier th... |
| Nov 28, 2020 | Swvl expands to Jordan with launch of corporate transportation offering | Dubai-headquartered mass transportation startup Swvl has announced its expansion to Jordan. It is entering the market with the launch of its offering for businesses. Swvl’s core product, the bus-hailing service for consumers, is not live in... |
| Nov 11, 2020 | Adyen expands to Middle East, opens Dubai office | Adyen, the Amsterdam-headquartered global payments company that allows businesses to accept online and point-of-sale payments, is expanding to the Middle East, it told MENAbytes. It has opened an office in Dubai to run Middle East operation... |