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
U.A.E UAE’s Sav raises $750,000 pre-Seed round UAE-based fintech startup Sav has raised a $750,000 pre-Seed round led by angel investors. Founded in late 2021, Sav is designed to... News • 13 March, 2023 Sav
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
Saudi Arabia Hala acquires UAE fintech Paymennt.com Saudi Arabia-based fintech Hala has acquired UAE-based fintech Paymennt.com, previously called PointCheckout, for an unknown... News • 14 February, 2023 Hala Paymennt.com M&A
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
Saudi Arabia Aion Digital raises $5 million bridge round led by Fintactics Ventures Bahrain-based fintech Aion Digital has raised $5 million in a bridge round led by Fintactics Ventures, a $40 million fintech-focused... News • 09 February, 2023 Aion
Morocco Moroccan fintech Gwala secures pre-Seed funding Morocco-based fintech startup Gwala has raised an undisclosed pre-Seed round. Gwala was founded in 2022 by Mossaab Abaouz, with the... News • 02 February, 2023 Gwala
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 Wafeq raises $3 million Seed led by Raed Ventures with participation from Wamda Capital UAE-based fintech Wafeq, has raised $3 million in a Seed round led by Raed Ventures with participation from Wamda... News • 25 January, 2023 Wafeq seed Wamda Capital
Regional How is fintech evolving beyond digital payments? Armin Moradi, is the co-founder and CEO at Qashio, a UAE-based spend management platform Numerous challenges faced by businesses... Thought Leadership • 19 January, 2023 Qashio
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
U.A.E B2B fintech Alaan raises $4.5 million pre-Series A round UAE-based B2B fintech Alaan, has raised $4.5 million in a pre-Series A round, backed by Presight Capital, Y Combinator, and angel... News • 17 January, 2023 Alaan Presight Capital Y Combinator
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
Saudi Arabia Crowdfunding platform Manafa secures $28 million Series A round Saudi Arabia-based fintech Manafa, has closed its Series A funding of $28 million (SAR106 million), led by STV and Wa’ed Ventures,... News • 28 December, 2022 Manafa Wa'ed Vnetures Series A
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
Regional Revival Lab launches $40 million fintech-focused VC builder and fund Saudi Arabia-based Revival Lab will establish “Fin-tactics Ventures", a venture builder specialised in fintech, insuretech... News • 07 December, 2022 Revival Lab Fin-tactics Ventures
Regional Savings: The app rewarding the masses Over the past few years, several startups catering to the unbanked have emerged, targeting those who wish to gain access to basic financial... Triska Hamid • 21 November, 2022 Savings app financial inclusion loyalty
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
Global Social impact: The neglected child of crypto Following the collapse of US-based crypto exchange platform FTX, the future and stability of crypto has come into question once again.... Thought Leadership • 17 November, 2022 Cryptocurrencies Bitcoin Sustainability