Wamda

Saudi Arabia

Wahed Raises $25 million

Source: Forbes Wahed, the ethical investment fintech for Muslim investors, raised $25 million in venture funding with proceeds being...

Wahed Ethical invetment Islamic economy

U.A.E

DIFC invests in four fintech startups

Source:Techradar Dubai International Financial Centre (DIFC), an international business hub in the Middle East, Africa and South Asia...

DIFC Fintech

Egypt

Orange Digital Ventures launches seed challenge for African, Middle Eastern startups

Source: Disrupt Africa Orange Digital Ventures has launched a seed challenge for startups from Africa and the Middle East, which will...

Orange Digital Ventures Seed funding

U.A.E

Tabby raises $7 million and expands to Saudi Arabia

UAE-based Tabby, a buy now, pay later financial technology (fintech) startup, has raised $7 million to fund its growth and launch its...

Tabby Fintech

Egypt

Payfort launches Dh1 million initiative to support startups

Source: Arabian Business Payfort, a subsidiary of retail giant Amazon, has launched a AED1 million ($272,000) initiative in the UAE...

Amazon Payfort

Global

Dubai family office invests in India's iNurture

Source: Vccircle Bengaluru-based ed-tech startup iNurture Education Solutions Pvt. Ltd, a provider of formal higher education programmes...

Dubai family office iNurture

Egypt

AUC Angels Invests in Mogassam and Furnwish

Source: WAYA AUC Angels, the first university based investment network in the Middle East, has announced its investment in dental 3D...

AUC V-Lab ar

Saudi Arabia

Jahez raises $36 million in Series A

Saudi Arabia-based food delivery startup Jahez, has closed a $36 million Series A funding round led by Impact46. This round marks the...

Jahez Last-mile delivery

U.A.E

EMPG reveals details of merger with OLX

Source: Emirates News Agency Dubai-based Emerging Markets Property Group, EMPG, and OLX Group, owners of home grown technology firms...

EMPG Dubizzle OLX

Egypt

Alex Angels: Egypt's latest angel network

Fewer than 6 per cent of pre-seed startups in the Middle East and North Africa (Mena) raise investment from angel investors according...

Alex Angels Angel Investment

Global

Franco-Tunisian startup NextProtein raises $11.2 million in Series A

Source: AgFunder news NextProtein, a French-Tunisian startup working on new ways to produce insect-based animal feed and...

Next Protein investments

Morocco

HSEVEN launches three programmes for African entrepreneurs

Source: Morroco World News Moroccan startup accelerator HSEVEN, the largest startup accelerator in Africa, has launched three...

HSEVEN covid-19 African Startups

Regional

The angel network looking for halal opportunities

Muslims concluded the celebration of Eid Al Fitr this week, marking the end of Ramadan in lockdown. During this time, 64 per cent of UAE...

Islamic economy Angel Investment

U.A.E

Dubai SME allocates Dh20 million in loans

Source: The National Dubai SME, a part of Dubai Economy, allocated Dh20 million to a capital guarantee scheme backing peer-to-peer loans...

Dubai SME smes

Bahrain

Evergo raises seed investment from Tenmou

Source: Startup Bahrain Bahrain-based Evergo, the startup that prides itself as a one-stop app for all your lifestyle requirements, has...

Tenmou Evergo

U.A.E

ADQ launches Dh1.1 billion fund to invest in Asian startups

Source: The National ADQ, one of the region’s largest holding companies, launched a Dh1.1 billion ($300 million) venture fund to...

Masdar City abu dhabi

Egypt

EYouth raises $180,000 seed funding

Cairo-based social enterprise EYouth, has raised $180,000 in seed funding from EdVentures, the venture capital arm of Egypt’s Nahdet...

EYouth Nahdet Misr Publishing House

U.A.E

Ziina secures $850,000 in pre-seed round

Ziina, the UAE-based social peer-to-peer (P2P) payment application, has raised $850,000 in a pre-seed funding round. The investment was led...

Fintech Ziina

Bahrain

Unipal raises seed investment

Bahrain-based Unipal has raised an undisclosed amount of seed funding from angel investor network Tenmou, as part of the fundraising round...

EdTech

Egypt

Interact Labs secures $60,000 in funding

Source: Disrupt Africa Egyptian startup Interact Labs, which develops solutions that enhance collaboration, has secured funding...

InteractLabs Shark Tank covid-19

U.A.E

Ogram raises $870,000 in pre-Series A

UAE-based Ogram has closed a $870,000 pre-Series A round led by Global Ventures. Started in 2016, Ogram operates as a virtual...

Human Cloud Global Ventures Ogram

U.A.E

MCKD launches grant program to support freelancers, SMEs

Source: The National The Ministry of Culture and Knowledge Development (MCKD) has launched a programme to support freelancers and SMEs...

covid-19 MCKD smes

Egypt

Shahry raises $650,000 in pre-seed

Egypt-based online lending startup Shahry, has closed a $650,000 pre-seed round from the investment arm of EGBANK. Powered by a...

Fintech shahry

Tunisia

Tunisian Parliment supports startups with €66.9 million loan agreement

Source: Tunis Afrique Presse The House of People's Representatives (HPR), on Tuesday, passed a loan agreement amounting to...

startups IBRD

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