Wamda

Saudi Arabia

Saudi fintech Bwatech nabs $16 million funding

Saudi Arabia-based fintech Bwatech raised $16 million in a funding round led by Sharaka Financial to accelerate growth and expand...

Bwatech Sharaka Financial Fintech

Saudi Arabia

Merak Capital invests $1.2 million in Saudi fintech Bynow

Bynow, a Saudi B2B fintech startup, has raised $1.2 million from Merak Capital to accelerate product development and expand...

Merak Capital Bynow BNPL

Egypt

Valu offers Egypt first P2P BNPL solution with MobileMasr

Press release: Valu, MENA’s leading universal financial technology powerhouse, announced today its partnership with MobileMasr,...

valu p2p BNPL

Regional

Fail fast, learn faster: Lessons from Musk’s playbook

An article by Baha Hamadi, founder & MD of Keel Comms In traditional corporate culture, failure is treated like a contagious...

oped

U.A.E

UAE launches national campaign to become the Startup Capital of the World

H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, launched “The Emirates: The...

Startup Capital of the World

U.A.E

Antler, Mubadala partner to launch National Founders Programme

Abu Dhabi-based Mubadala Investment Company, in partnership with Singapore-headquartered venture capital firm Antler and Abu...

Mubadala Hub71 Antler

Saudi Arabia

Saudi fintech erad raises $33 million debt round led by Stride Ventures

Saudi Arabia-based fintech erad has secured $33 million in debt financing, led by India’s Stride Ventures, marking its first major...

erad Stride Ventures

Qatar

ANAVA commits $4 million to Rasmal Ventures to link Tunisian startups with MENA VC

Tunisia’s ANAVA Fund of Funds has committed $4 million to Qatar’s Rasmal Innovation Fund I to channel more global...

Rasmal Ventures Anava

U.A.E

Presight, Shorooq launch $100 million global fund to accelerate AI innovation

Abu Dhabi’s Presight and Shorooq have launched Presight–Shorooq Fund I, a $100 million global AI innovation fund...

Presight Shorooq

Egypt

El Gouna to host Entlaq's Entrepreneurship Sector Diagnostic Report launch

Press release: Entlaq today announced the launch of the third edition of the Egyptian Entrepreneurship Sector Diagnostic Report (SDR...

Entlaq

Regional

PayPal commits $100 million to boost digital commerce growth in MENA, Africa

US-based PayPal will deploy $100 million across the Middle East and Africa through minority investments, acquisitions, PayPal...

PayPal

Qatar

Qatar’s Be My Sense crowned winner at Startup Grind Doha All Star Pitch Battle

Startup Grind Doha hosted the All Star Pitch Battle at Qatar Chamber in Lusail, with 150+ attendees celebrating Qatar’s growing...

Be My Sense Startup Grind Qatar

Egypt

Avanz Capital Egypt joins Algebra Ventures Fund II as Limited Partner

Avanz Capital Egypt (ACE) has joined Algebra Ventures’ second fund as a Limited Partner through a secondary transaction executed...

Algebra Fund II Avanz Capital Egypt

United States

Epic Padel secures $10 million to launch to back global padel ventures

Epic Padel, a US-based padel operator and investor, closed an oversubscribed $10 million seed round led by NowaisWorld and Stryde...

Epic Padel

Regional

Gaming emerges as MENA’s next big venture bet

An article by Kirill Gurskiy, Managing Director at GEM Capital. Today, the Middle East and North Africa region stands at a unique...

Gaming oped gametech

Saudi Arabia

Sadq secures $1 million pre-Series A extension

Saudi Arabia-based Sadq has closed a $1 million pre-Series A extension led by Impact46. Founded in 2022 by Abdullah Allahuo and...

Sadq Impact46

U.A.E

Aydi raises $7.5 million seed to launch its AI agronomy assistant

UAE-based agritech platform Aydi has raised $7.5 million in a seed round from COTU Ventures, Daltex, and Nuwa Capital, with...

Aydi agritech COTU Ventures

Saudi Arabia

Sukna Capital, Partners for Growth launch $50 million lending initiative to back MENA tech growth

Saudi Arabia-based Sukna Capital has partnered with Partners for Growth (PFG) to launch a $50 million specialty lending initiative...

Sukna Capital Partners for Growth

U.A.E

BECO Capital closes $370 million dual-fund raise to back Gulf founders

UAE-based BECO Capital has closed $370 million across two new funds — $120 million BECO Fund IV for early-stage investments...

BECO Capital

Egypt

Egypt’s Sabika raises strategic funding from M-Empire Angels

Egypt-based Sabika, a Sharia-compliant digital platform for gold and silver investment, has secured a six-figure USD investment to grow...

Sabika M-Empire Angels

U.A.E

Careem acquires minority stake in Swapp, doubling down on car rentals

Careem has acquired a minority stake in Swapp, the UAE-based car rental and subscription platform, deepening the partnership that began...

careem Swapp

Saudi Arabia

DOO lands $1.7 million funding to deepen AI adoption

Saudi Arabia-headquartered DOO, an AI-powered customer experience platform, has raised $1.7 million in funding led by Merak...

DOO Merak Capital Plus VC

U.A.E

Dubai marks 10 years of Expand North Star with record global participation

Press release: Since 2016, Dubai has hosted Expand North Star, the world’s largest event for startups and investors. The...

Expand North Star

U.A.E

Iliad Partners completes second close of $50 million fund targeting MENA startups

UAE-based venture capital firm Iliad Partners has announced the second closing of its $50m fund. The closing features key players in...

Iliad Partners

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