U.A.E BitOasis secures new investment from CoinDCX and Wamda Capital UAE-based cryptocurrency exchange platform BitOasis has raised new investment from CoinDCX, India’s highest valued crypto... News • 25 August, 2023 Bit Oasis Cryptocurrencies crypto
Jordan Numa: bridging the fintech gap for freelancers Any company familiar with freelancers in the Arab world will know how difficult it can be to pay them. Many remain unbanked and still opt... Triska Hamid • 17 August, 2023 NUMA banking neobank
U.A.E Mubadala leads $76 million in debt, equity funding for Nigeria’s Moove UAE sovereign investor Mubadala Investment Company has led a $76 million in equity and debt financing for Nigeria-based mobility fintech... News • 10 August, 2023 Mubadala Investment Company Moove mobility
Saudi Arabia Saudi Arabia’s Wadaie raises pre-Seed funding Saudi Arabia-based fintech Wadaie has secured a pre-Seed funding round led by RZM Investments, along with Bunat Ventures and other Saudi... News • 09 August, 2023 Wadaie RZM Investments Bunat Ventures
Regional Where does the next level of innovation lie in Mena’s insurtech sector? [part two] This is the second in a two-part series on the insurtech space in the Middle East and North Africa (Mena). The first part can be found... Dunya Hassanein • 27 July, 2023 Insurtech Insurance
Regional Insurtech: the interplay between insurance companies and startups [part one] This is the first in a two-part series looking at the growth of insurtech in Mena. The second part can be found here. Insurance is one... Dunya Hassanein • 24 July, 2023 Insurtech Insurance
Egypt Egypt’s Flash raises $6 million Seed round Egypt-based fintech Flash has completed a $6 million Seed round led by Addition with participation from Flourish Ventures and other... News • 17 July, 2023 Flash Fintech Addition
Egypt Egyptian fintech Menthum raises pre-Seed funding Egypt-based fintech Menthum has raised pre-Seed funding from Acasia Ventures, along with A15 and other angel investors. Founded... News • 10 July, 2023 Menthum Acasia Ventures A15
Egypt Egypt’s Masroofi raises $1.5 million Egypt-based fintech Masroofi, has closed a $1.5 million investment round from undisclosed investors. Founded in 2022 by Mostafa... News • 05 July, 2023 Masroofi Fintech
Oman UzOman invests in ZOOD UzOman, a joint investment fund between Omani and Uzbek Sovereign Wealth Funds, has invested an undisclosed amount in Switzerland-based... News • 22 June, 2023 UzOman Zood
U.A.E NymCard acquires Spotii UAE-based fintech NymCard has acquired Spotii, a buy now pay later startup that was initially acquired by Australia's... News • 12 June, 2023 Spotii NymCard Exit
Oman Oman’s Sharakah joins Beehive’s board as new investor Oman-based SME developer company Sharakah has come on board with UAE-based fintech Beehive as a new investor. The new partnership will... News • 01 June, 2023 beehive Sharakah
U.A.E Tabby closes new round, upsizes debt facility to $350 million UAE-based fintech Tabby has upsized its debt facility to $350 million after closing a new financing round led by San Francisco-based... News • 31 May, 2023 Tabby Fintech BNPL
Saudi Arabia Saudi fintech Wosul raises $3.2 million Saudi Arabia-based fintech Wosul Payments has raised a $3.2 million Seed round led by Khalab’s company along with a group of angel... News • 09 May, 2023 Wosul Fintech وصول
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,... News • 10 May, 2023 TWIG Fintech DIFC
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... News • 09 May, 2023 JoPACC Rainmaking Join Incubator
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... News • 08 May, 2023 Acasia Ventures Balad Fintech
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... News • 04 May, 2023 e& enterprise beehive Crowdfunding
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... News • 03 May, 2023
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... News • 12 April, 2023 Hakbah Fintech Global Ventures
Saudi Arabia Shaker Group acquires 10% stake in Cashew UAE-based fintech Cashew has raised an undisclosed investment from Saudi company Shaker Group, for a 10% stake. Founded in 2019 by... News • 04 April, 2023 Cashew Shaker Group Fintech
U.A.E Secondaries and liquidity: The investor’s access and the founder’s dream Zuhair Shamma is the co-founder of UAE-based Zest, an equity management platform Have you ever wondered why we were able to... Thought Leadership • 03 April, 2023 Zest secondary market
Egypt Camel Ventures launches $16 million fund to back fintech in Egypt Egypt-based Camel Ventures has launched a $16 million VC investment vehicle “Camel Ventures for Investment I (CVI)”. The... News • 02 April, 2023 Camel Ventures Fintech CVI
U.A.E Credable closes $2.5 million Seed round led by Acasia Ventures UAE-based fintech Credable has closed a $2.5 million Seed round led by Ventures Platform and Egypt-based VC firm Acasia Ventures... News • 21 March, 2023 Credable Acasia Ventures Fintech