Saudi Arabia SVC launches $80 million VC fund to back fintech in KSA Saudi Venture Capital Company (SVC) has launched an $80 million Investment in Fintech VC Fund, in partnership with the Capital Market... News • 20 March, 2023 SVC Fintech Saudi Arabia
Saudi Arabia Tamara raises $150 million debt financing from Goldman Sachs Saudi Arabia-based fintech Tamara, has closed a $150 million debt financing round from Goldman Sachs, bringing the startup’s total... News • 16 March, 2023 Tamara Fintech Goldman Sachs
Saudi Arabia Amwal raises $2.5 million pre-Seed round Saudi Arabia-based fintech Amwal has secured $2.5 million in a pre-Seed round co-led by Shorooq Partners and Outliers Venture Capital... News • 28 February, 2023 Outliers Venture Capital Shorooq Partners Amwal
Saudi Arabia Open banking in Mena: Shifting gears and making strides Abdulla Almoayed is the founder and CEO of open banking platform Tarabut Gateway The Middle East and North Africa (Mena) region is now... Thought Leadership • 27 February, 2023 Open banking Fintech
Egypt tabby halts operations in Egypt UAE-based buy now and pay later (BNPL) startup tabby, has shut down its operations in Egypt five months after launching its service in the... Dunya Hassanein • 22 February, 2023 Tabby Fintech BNPL
Egypt Hollydesk raises $1 million venture debt Egypt-based fintech Hollydesk has raised $1 million in venture debt financing from unknown investors. Founded in 2020 by Mahmoud... News • 22 February, 2023 Hollydesk Fintech
Regional Wafeq: the fintech catering to regional standards It was in 2018 when Nadim Alameddine was preparing to file his first ever tax return that the idea for an accounting software came to him.... Triska Hamid • 13 February, 2023 Wafeq Fintech
U.A.E Holo secures seven-figure Seed round UAE-based fintech Holo has announced a seven-figure Seed round, led by Saudi Arabia’s Watheeq Proptech Venture and Hambro Perks... News • 02 February, 2023 Holo mortgage Fintech
Egypt Egypt’s MNT-Halan raises $400 million at valuation of $1 billion Egypt-based fintech MNT-Halan has raised up to $400 million in equity and debt financing from local and global investors. The round... News • 01 February, 2023 MNT-Halan Fintech Chimera Capital
U.A.E Tabby raises $58 million Series C from Sequoia Capital India, STV and PayPal Ventures UAE-based fintech Tabby, has raised $58 million in a Series C round from Sequoia Capital India, STV and PayPal Ventures, Mubadala... News • 18 January, 2023 Fintech Buy now pay later BNPL
Regional What is next for Careem's mobility of money? Careem remains one of the Middle East’s biggest success stories, inspiring a legion of entrepreneurs and generating one of the... Triska Hamid • 16 January, 2023 Careem Pay careem Fintech
Regional Saudi fintech PayTabs acquires Turkey’s Paymes Saudi Arabia-based fintech PayTabs, has fully acquired Turkish social commerce platform Paymes for an unknown amount. Under the terms... News • 12 December, 2022 paytabs Fintech Paymes
U.A.E KLAIM raises $5 million Seed from Knuru Capital with plans to increase round to $30 million UAE-based fintech KLAIM, has raised a $5 million Seed round from Knuru Capital, with plans to increase this to over $30 million by way... News • 17 November, 2022 KLAIM Knuru Capital healthtech
U.A.E UAE's baraka closes $20 million Series A led by Valar Ventures UAE-based fintech baraka, has closed a $20 million Series A round led by Valar Ventures, the VC’s first regional investment.... News • 16 November, 2022 Baraka Fintech Valar Ventures
Egypt Egyptian fintech Blnk raises $32 million in equity, debt funding Egypt-based fintech Blnk, has raised $23.7 million in equity and debt funding, and $8.3 million in securitised bond issuance. The... News • 10 November, 2022 Blnk Fintech Sawari Ventures
U.A.E Pyypl raises $20 million Series B round UAE-based fintech Pyypl, has raised a $20 million Series B round from a group of international investors and ten of its existing... News • 07 November, 2022 Pyypl Fintech
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... News • 03 November, 2022 Open banking Fintech
Egypt Money Fellows raises $31 million in first close of Series B Egypt-based fintech Money Fellows, has finished the first close of its Series B round with a $31 million investment led by... News • 31 October, 2022 Money Fellows Fintech CommerzVentures
Egypt valU acquires minority stake in fintech Kiwe Egypt-based fintech valU has acquired a minority stake in the social payment app Kiwe, for an unknown amount. Founded in 2018 in Egypt... News • 20 October, 2022 valu Kiwe Fintech
Kuwait Kuwaiti fintech Ruba raises pre-Seed round Kuwait-based fintech startup Ruba, has raised an undisclosed amount in pre-Seed funding. Founded in 2021 by Ameen Nadoom, Fawaz... News • 23 October, 2022 Ruba Fintech
Egypt Egypt’s Telda raises $20 million Seed round Egypt-based fintech Telda, has raised $20 million in Seed funding, led by Global Founders Capital with participation from Sequoia... News • 13 October, 2022 Telda Fintech
Egypt Mastercard invests in Egypt's Nclude Egypt-based VC fund Nclude has raised an undisclosed investment from Mastercard, to accelerate Egypt's fintech ecosystem. The... News • 12 October, 2022 Nclude MasterCard Fintech
U.A.E Five FS closes $3.5 million Seed round UAE-based fintech Five FS has raised $3.5 million in Seed funding led by Romanian VC firm Zeyshare Ventures at a $30 million... News • 11 October, 2022 Five FS Zeyshare Ventures Fintech
Egypt Tabby partners with Paymob to offer BNPL to Egyptian retailers UAE-based fintech Tabby, has partnered with Egypt’s digital payment solution fintech Paymob to create a seamless buy now pay later... News • 27 September, 2022 Tabby Paymob BNPL