Wamda

Regional

Middle East’s digital economy to hit $780 billion by 2030: TechGPT report

The Middle East’s digital economy is projected to grow from $180 billion in 2022 to $780 billion in 2030 or roughly 20 per cent...

TechGPT UBS middle east

Egypt

Endeavor Egypt launches XceleRise to back local entrepreneurs

Endeavor Egypt has launched XceleRise, a scale-up programme to aid access to capital and market expansion for all startups that promote...

Endeavor Egypt XceleRise

Egypt

Fawry announces plans to launch digital bank

Fawry, an Egypt-based e-payment solutions provider, unveiled plans to turn its e-portal, MyFawry, into a digital bank later this...

fawry

Morocco

Morocco’s Agenz secures $1.3 million pre-Series A

Morocco-based proptech Agenz, has raised $1.3 million in a pre-Series A financing round from Azur Innovation Fund, Maroc Numeric Fund...

Agenz Azur Innovation Fund Maroc Numeric Fund II

Saudi Arabia

Women in Tech programme awards $50,000 to three Saudi female-led startups

Three Saudi Arabia-based female-led startups have been awarded $50,000 in equity-free cash rewards, as part of the Standard Chartered...

women in tech Falak investment hub Standard Chartered

U.A.E

Scalo Technologies moves HQ to UAE, plans to invest $100 million in Mena startups

Singapore-based VC firm Scalo Technologies has moved its headquarters to Dubai, with the intention to invest $100 million in promising...

Scalo Technologies Venture Capital

Egypt

Tactful AI: Tracing the pivots before the exit

In 2016, Egyptian entrepreneur Mohamed Elmasry moved to the UK, in hopes of building a local tech product with global know-how and impact....

deeptech Tactful AI

Turkey

After splitting from Swvl, Volt Lines raises carve-out round

Turkey-based ride-hail company Volt Lines has closed its carve-out round, with a 30 per cent oversubscription, after splitting from...

Volt Lines Swvl Wamda Capital

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...

Tamara Fintech Goldman Sachs

Saudi Arabia

Beta Lab launches in Saudi Arabia to scale homegrown deeptech startups

Beta Lab, a VC and co-creation studio dedicated to fostering the growth of deep technology startups, has launched in...

Beta Lab

Regional

Mena: A fertile ground for tech IPOs

Sandeep Ganediwalla is a partner at Redseer Strategy Consultants looking at the Middle East and Africa The Middle East and North Africa...

ipo

Saudi Arabia

Flat6Labs launches $20 million Startup Seed Fund in Saudi Arabia

Flat6Labs has finished the first close of its $20 million “Startup Seed Fund” in Saudi Arabia, with the participation of the...

Flat6Labs Startup Seed Fund

Regional

What awaits startup exits in Mena?

Looking back, the year 2021 was hard to emulate. After the pandemic-induced funding boom seen in 2021 and the first few months of 2022,...

M&A exits Exit

U.A.E

UAE’s Revoltech among four winners of Global FoodTech Challenge

UAE-based foodtech Revoltech is among the winners of the 2022 FoodTech Challenge, receiving a portion of the $2 million prize money to...

Revoltech Global FoodTech Challenge foodtech

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...

Careem Pay careem Fintech

U.A.E

The venture builder helping female-led agritechs scale beyond the desert

The female share in the agricultural workforce in the Middle East and North Africa (Mena) hovers around 30 per cent, making the sector one...

agritech Dana Global

Oman

Carzaty: The realistic exit

The used car market is worth over $16 billion in the GCC alone, but it is a highly fragmented sector, with mostly small resellers and...

Carzaty Oman marketplace

U.A.E

Moove raises $30 million from debut sukuk for UAE expansion

Nigeria-based mobility fintech and Moove is raising $30 million through its first Sukuk issuance arranged by Franklin Templeton...

Moove Nigeria Mobility Fintech

Egypt

Nawah Scientific: Pivoting its way to expansion

Startups go through several changes within their first few years in operation as founders struggle to find and validate their product...

deeptech Nawah Scientific

U.A.E

VUZ raises $20 million Series B investment

UAE-based social app VUZ has raised $20 million in Series B investment, from Caruso Ventures, Vision VC Fund, e& capital, Dubai...

VUZ Social App XR

Egypt

Vezeeta raises undisclosed growth funding

Egypt-based healthtech Vezeeta has raised an undisclosed amount of growth funding, from Abu Dhabi-based Gulf Capital and Sweden-based...

Vezeeta Gulf Capital healthtech

U.A.E

LinkedIn reveals top UAE startups for 2022

LinkedIn has announced its annual ranking of the top 10 UAE-based startups that have demonstrated exceptional growth in the past year...

LinkedIn startups

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...

Tabby Paymob BNPL

Egypt

Egypt’s mental health startup Shezlong expands to South Africa

Egypt-based healthtech startup Shezlong, has announced the expansion of its business to South Africa under the brand name of...

shezlong

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