Wamda

U.A.E

UAE-based fintech TWIG raises seven-figure pre-Seed round

UAE-based fintech TWIG has secured an undisclosed pre-Seed round "exceeding $1 million", backed by Phoenician VC, MMK Capital,...

TWIG Fintech DIFC

U.A.E

Belgium’s Deliverect acquires UAE’s ChatFood

Belgium-based food delivery software provider Deliverect has acquired UAE-based foodtech ChatFood, for an unknown amount. Founded in...

Deliverect ChatFood f&b

U.A.E

MBZUAI partners with OurCrowd Arabia to accelerate AI growth in UAE

The UAE’s Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has signed an MoU with Israeli VC fund OurCrowd, to...

MBZUAI OurCrowd AI

Jordan

JoPACC launches fintech incubator in Jordan

The Jordan Payments and Clearing Company (JoPACC) has launched the JOIN Fincubator, a fintech incubator that will support the...

JoPACC Rainmaking Join Incubator

U.A.E

The Digital Hotelier raises pre-Seed round for product development

UAE-based traveltech startup The Digital Hotelier has secured a six-figure pre-Seed round from Select Ventures Holding, alongside a group...

the Digital Hotelier

Egypt

Acasia Ventures leads Balad’s seven-figure pre-Seed round

Egypt-based fintech Balad has raised a seven-figure pre-Seed round led by Acasia Ventures. Other investors in the round included Launch...

Acasia Ventures Balad Fintech

Egypt

Morni invests in Egypt’s Helpoo

Saudi Arabia-based mobility solutions platform Morni, has invested in its Egyptian counterpart, Helpoo. The deal, whose value is...

Morni Helpoo Exits.me

Egypt

Egypt-based VC DisrupTech raises $5 million investment from Proparco

Egypt-based VC fund DisrupTech Ventures has received a $5 million investment from Proparco. Founded in 2021, DisrupTech is an...

Disruptech Proparco

U.A.E

e& enterprise acquires majority stake in Beehive

UAE-based “e& enterprise” has acquired a majority stake in the UAE’s crowdfunding platform Beehive, for a...

e& enterprise beehive Crowdfunding

Qatar

Qatar's Snoonu raises $12 million Series B

Qatar-based super app Snoonu, has raised $12 million in a Series B round which was led by the Qatar Development Bank with...

Snoonu qatar

U.A.E

SQUATWOLF raises $30 million from ASCA Capital

UAE-based direct-to-consumer e-commerce brand SQUATWOLF, has raised $30 million in investment from ASCA Capital Limited with a...

gymwear D2C SQUATWOLF

Bahrain

Tarabut Gateway closes $32 million Series A round

Bahrain-founded and UAE-based fintech Tarabut Gateway has closed a $32 million Series A round, led by Pinnacle Capital, with...

U.A.E

B2B e-commerce Eighty6 raises $3.7 million Seed round

UAE-based e-commerce platform Eighty6, has raised $3.7 million in a Seed round, from Sanabil 500 MENA Seed Accelerator Fund, a few GCC...

Eighty6 f&b E-commerce

Tunisia

Tunisia's Drest.tn raises $336,000 from 216 Capital Ventures

Tunisia-based e-commerce platform Drest.tn has raised $336,000 from 216 Capital Ventures. Founded in 2020 by Omane and Malek Mzabi,...

Drest.tn E-commerce Fashion

Iraq

Iraq’s Midient raises $125,000 pre-Seed from Flat6Labs

Iraq-based SaaS startup Midient, has raised $125,000 in a pre-Seed funding round from Flat6Labs. Founded in 2021 by Ahmed Jamal, Omer...

Midient Flat6Labs

U.A.E

GEM raises investment commitment in Everdome metaverse to $60 million

GEM Digital Limited (GEM), a Bahama-based digital assets investment firm, has increased its investment commitment in UAE-based metaverse...

Everdome

U.A.E

Flyksoft raises $55,000 Seed round

UAE-based booking software provider Flyksoft has raised $55,000 in Seed funding from angel investors. Founded in 2023 by Mohammad...

Flyksoft SAAS

Tunisia

Tunisia’s CoaChess raises $191,000 pre-Seed round

Tunisia-based gaming platform CoaChess has raised a $191,000 pre-Seed funding round from Omicrone. Founded in 2021 by Iheb Kaabi,...

CoaChess Gaming

Saudi Arabia

Noon lays off 10 per cent of workforce

Saudi Arabia-based e-commerce platform Noon has cut 10 per cent of employees at its Dubai office to reduce costs according to...

Noon E-commerce

Egypt

Nigeria-based Autochek acquires majority stake in Egypt’s Autotager

Nigeria-based car financing platform Autocheck, has acquired a majority stake in Egypt's used cars marketplace, AutoTager, which was...

AutoCheck AutoTager

U.A.E

Intellia launches AI-driven vetting and project delivery platform

Intelllia, a provider of analytical and strategic support for investment and finance institutions, and corporate business development...

Intellia

Saudi Arabia

Saudi fintech Hakbah closes $2 million pre-Series A round

Saudi Arabia-based fintech Hakbah has closed a $2 million pre-Series A funding round, financed by Global Ventures and Aditum Investment...

Hakbah Fintech Global Ventures

U.A.E

e& acquires majority stake in Careem’s Super App for $400 million

UAE-headquartered communication firm e& (formerly Etisalat) has acquired a 50.03 per cent stake in Careem’s Super App spinout...

e& Careeem super app

U.A.E

The UAE raises tax threshold for startups

The UAE’s Ministry of Finance has raised the minimum threshold for corporate tax from $100,000 (AED375,000) to $816,000 (AED3...

uae Tax law entreprenership

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