Wamda

Regional

Revival Lab launches $40 million fintech-focused VC builder and fund

Saudi Arabia-based Revival Lab will establish “Fin-tactics Ventures", a venture builder specialised in fintech, insuretech...

Revival Lab Fin-tactics Ventures

Egypt

Morni invests $10 million in Egypt to acquire mobility startups

Saudi Arabia-based mobility solutions platform Morni is planning to invest $10 million to target new acquisitions in Egypt in the...

Morni Exists.me

Saudi Arabia

Why are Chinese investors and startups so excited about Saudi Arabia?

Over the past decade, technological advancements have shifted from the powerhouses of the US and Europe to China and India, where...

china

Saudi Arabia

Saudi Jahez acquires The Chefz for $172.9 million

Saudi Arabia-based food delivery app Jahez has fully acquired The Chefz, a Saudi Arabia-based dessert delivery platform for $172.9...

Jahez The Chefz Food delivery

Saudi Arabia

Startup advice: How to set up a business in Saudi Arabia

Paul Arnold is the managing director at Sovereign PPG Saudi Arabia, a provider of corporate and trusts services What are the...

startup advice

Saudi Arabia

Saudi edtech Jeel raises $1.1 million Seed from EdVentures

Saudi Arabia-based edtech for pre-schoolers has raised a $1.1 million Seed round from EdVentures, the VC arm of Egypt-based Nahdet Misr...

Jeel EdVentures EdTech

Saudi Arabia

DataLexing raises $3 million seed round led by Sadu Capital

Saudi Arabia-based productivity platform DataLexing, has raised $3 million in a Seed round led by Sadu Capital, with participation from...

DataLexing data driven Sadu Capital

Saudi Arabia

Order raises $1 million pre-Seed round

Saudi Arabia-based SaaS startup Order, has raised $1 million in a pre-Seed funding round, led by several angel investors. Founded in...

Order SAAS f&b

Saudi Arabia

Okadoc announces initial close of pre-series B led by IGan Partners

UAE-based healthtech Okadoc, has finished the first close of its pre-series B funding round at $10 million, led by IGan Partners, new...

Okadoc healthtech

Saudi Arabia

Saudi edtech Shaguf raises $400,000 pre-Seed round

Saudi Arabia-based edtech Shaguf, has raised $400,000 in a pre-Seed round from angel investors. Founded in September 2021 by Ahmed...

Shaguf EdTech

Saudi Arabia

Saudi Central Bank launches open banking framework

The Saudi Central Bank (SAMA) has issued its open banking framework, a set of legislation, regulatory guidelines and technical standards...

Open banking Fintech

Saudi Arabia

Slide raises $1.75 million pre-Seed round

Saudi Arabia-based SaaS platform Slide has raised $1.75 million in pre-Seed funding from Unifonic's investment arm, UnifonicX, and...

Slide SAAS UnifonicX

Saudi Arabia

SVC invests $10 million in Afiyah Fund

Fund-of-funds Saudi Venture Capital (SVC), has invested $10 million in TVM Capital Healthcare’s Afiyah Fund to invest in...

SVC

Saudi Arabia

Saudi Arabia’s Paytabs acquires Digital Pay

Saudi Arabia-based fintech PayTabs, will fully acquire compatriot point of sale (POS) provider Digital Pay, for an unknown...

paytabs Digital Pay

Saudi Arabia

Saudi Telecom Company commits additional $300 million to VC firm STV

Saudi Telecom Company (STC) has committed an additional $300 million to Saudi venture capital firm STV, on top of an earlier investment...

STC STV Venture Capital

Global

Modus Capital acquires Agile Ventures

US-based Modus Capital has acquired Saudi Arabia-based startup venture builder Agile Ventures. The value of the transaction remains...

Modus Capital

Saudi Arabia

UAE's Seafood Souq secures $500,000 from FII

UAE-based Seafood Souq, has raised $500,000 from The Future Investment Initiative (FII) Institute. The announcement was made at the...

Seafood Souq

Saudi Arabia

Thatek raises $532,000 for its self-development platform

Saudi Arabia-based self-development platform Thatek, has raised a SAR 2.2 million ($532,000) Seed round through local crowdfunding...

Thatek

Saudi Arabia

Tachyon raises $1.6 million pre-Seed round

Saudi Arabia-based B2B logistics platform Tachyon, has raised a $1.6 million pre-Seed round from undisclosed investors. Founded in...

Tachyon Logistics

Saudi Arabia

Zid raises $50 million Series B round led by IMPACT46

Saudi Arabia-based e-commerce enabler Zid, has raised $50 million in Series B funding, led by IMPACT46 with participation from new...

Zid Impact46 E-commerce

Saudi Arabia

Saudi Arabia’s anb invests in Cashee’s Series A round

Saudi Arabia-based bank anb has participated in UAE-based fintech Cashee’s Series A round. The amount invested was not...

Cashee ANB financial inclusion

Egypt

Glamera secures $1.3 million Seed round

Egypt-born SaaS startup Glamera, has raised a Seed round of $1.3 million, led by Riyadh Angels Investors (RAI), with participation from...

Glamera Riyadh Angels Investors E-commerce

Saudi Arabia

NearPay raises $3.6 million pre-Series A round

Saudi Arabia-based fintech NearPay has raised $3.6 million in a pre-Series A funding round, led by Vision Ventures with participation...

NearPay Softpos

Saudi Arabia

Unifonic launches accelerator programme in partnership with The Space

Saudi Arabia-based customer engagement platform Unifonic, has launched an accelerator programme called UnifonicX, in partnership with...

UnifonicX acceletator Unifonic

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