Wamda

Saudi Arabia

Saudi fintech Arib raises $2.3 million Seed

Saudi Arabia-based fintech Arib, has raised $2.3 million in a Seed round, led by Merak Capital, with participation from angel...

Saudi Arabia fin-tech

U.A.E

SHUAA Capital acquires majority stake in Souqalmal

UAE-based investment firm SHUAA Capital has acquired a majority stake in UAE-based fintech Souqalmal for an undisclosed amount. SHUAA is...

Shuaa Capital

U.A.E

Visual content production Flashy raises $400,000 pre-Seed round

UAE-based SaaS visual content platform Flashy, has raised $400,000 in a pre-Seed round from a group of regional and international...

Flashly

Egypt

Three Egyptian banks launch $85 million MEA-focused fintech fund

Three major Egyptian banks have launched a fintech fund in partnership with Global Ventures. Banque Misr, National Bank of Egypt, and...

Khazna Nclude Mozare3

Egypt

Lucky raises $25 million to grow its rewards app

Egypt-based fintech app Lucky, has raised $25 million in a Series A round led by the recently-launched fintech VC fund Nclude, with...

Lucky app

Global

SWVL to invest $15 million to scale its operations in Argentina

Dubai-based mobility startup SWVL announced that it will invest up to $15 million to ramp up its operations in the Argentinian...

Swvl

Saudi Arabia

COFE acquires Saudi Arabia's Kaffeen

UAE-based online coffee marketplace COFE App has acquired Saudi Arabian app Kaffeen, as it looks to fuel its regional...

Kaffeen COFE

Egypt

LooliaCloset, SohatiCare expand to Egypt

Lebanon-based beauty e-commerce marketplaces SohatiCare and LooliaCloset announced the expansion of their services to the Egyptian...

LooliaCloset SohatiCare

Egypt

Fitness app Welnes raises $300,000 Seed round

Egypt-based fitness app Welnes, has closed a $300,000 Seed round led by Flat6labs with participation from Samurai Incubate, UI...

Welness fitness Flat6Labs

Egypt

IFC invests $5 million in Egypt’s Disruptech fund

The International Finance Corporation (IFC), a member of the World Bank Group, has pledged a $5 million investment in Disruptech...

ifc Disruptech Fintech

U.A.E

Laundry app justclean raises $6 million investment

Kuwait-based cleaning marketplace justclean has raised $6 million in a round led by Gulf Investment Corporation (GIC) with participation...

Justclean Gulf Investment Corporation GIC

Egypt

Astute acquires Egypt's DilenyTech

Astute, a US-based imaging-guided therapy provider has acquired Egypt-based healthtech startup and AI-powered screening provider...

DilenyTech

Jordan

Five startups graduate from Flat6Labs Seed programme in Jordan

Five Jordanian startups have graduated from the Flat6Labs Amman Seed programme, with each receiving $112,000 in funding. These...

Flat6Labs

Saudi Arabia

Malaa Technologies raises $1.7 million Seed round

Saudi Arabia-based fintech Malaa Technologies, has raised $1.7 million in its Seed round with participation from Impact46, Khawarizmi...

Malaa Impact46 Khawarizmi

Saudi Arabia

Saudi AlGooru acquires edtech ChillLearn

Saudi Arabia-based edtech AlGooru has announced the acquisition of Jeddah-based ChillLearn for an unknown amount. Founded in 2019 by...

AlGooru ChillLearn EdTech

U.A.E

QFIL Solutions raises $1 million in pre-Seed investment

UAE-based fintech QFIL Solutions has raised $1 million in pre-Seed investment, through an unidentified fintech investment...

QFIL Fintech

U.A.E

The Giving Movement raises $15 million to back expansion

The Giving Movement, a UAE-based direct-to-consumer (D2C) sustainable fashion brand, has raised a $15 million Series A round, led by...

The Giving Movement

Saudi Arabia

Saudi C2C marketplace Soum raises $4 million Seed round

Saudi Arabia-based re-commence marketplace Soum, has raised $4 million in Seed funding, led by Outliers Venture Capital and Mazen...

Soum recommence markteplace

U.A.E

UAE's Kamel Pay raises $1 million pre-Seed round

UAE-based fintech Kamel Pay, has raised $1 million in a pre-Seed round, led by Hussain Al Qemzi, former group CEO of Noor Bank and...

Kamel Pay

Saudi Arabia

Saudi Qawafel raises $3 million Seed round

Saudi Arabia-based marketplace Qawafel, has raised a $3 million Seed round, co-led by AlSayed Group and Khwarizmi Ventures, in addition...

Qawafel AlSayed Group Khwarizmi Ventures

Morocco

Morocco’s Guichet.com raises $309,000

Morocco-based digital ticketing platform Guichet.com, has received $309,000 (MAD3 million) equity financing from the 212 Founders...

Guichet Digital ticketing

Egypt

Bosta expands to KSA after raising pre-Series B round

Egypt-based e-commerce delivery solutions provider Bosta, has announced its expansion to Saudi Arabia after completing an undisclosed...

Bosta

U.A.E

Dubai issues new law to regulate virtual assets

Dubai has adopted a new law to regulate virtual assets, aiming at creating a legal framework to protect investors and provide...

Dubai virtual assets

Egypt

Egypt’s Nexta secures $2.2 million pre-Seed round

Egypt-based fintech Nexta has raised a $2.2 million pre-Seed funding round, led by Disruptech with participation from some international...

Nexta Fintech Disruptech

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