Despite a significant decline in funding in 2023, Middle Eastern fintech companies demonstrated remarkable resilience; Navigating challenges such as high-interest rates and geopolitical uncertainties, these fintechs are leveraging innovative technologies and pursuing expansion strategies. According to KPMG, fintech funding in Europe, the Middle East, and Africa dropped to its...
This funding round was led by Flat6Labs, Vision Health Pioneers ( German based incubator) and supported by a group of expat angel investors from the USA, EU, Australia, and KSA. Their investment underlines a shared commitment to improving mental health care quality and accessibility in our region.
Arab Therapy's strategy...
Despite decreasing funding in the African continent, Nigerian startups succeeded in raising their funding to $160 million in the first Q1. Four countries including Nigeria, Kenya, South Africa, and Egypt accounted for %87 of startup investments during Q1, and the founding breakdown showed, Nigeria is leader with $160 m...
Tranglo, a Singapore-based fintech specialist, announced that it will expand its cross-border payment network for instant and direct transfers to over 30 e-wallets.
Tranglo is headquartered in Kuala Lumpur, Malaysia, and was established in 2008. It also has offices in Kuala Lumpur, Singapore, Jakarta, Dubai, and London. This cross-border payment...
In 2022, Dania Alshowaikh, PK Shrivastava, and Ridaa Shah founded Daleel's platform, and now broadcasted news reports that Hambro Perks Spring Studios has given them an undisclosed investment round. This Bahrain-based financial marketplace, Daleel, is a platform created to help consumers find the best financial products or compare them...
Zameeli, which is located in Oman, is a platform to connect SMEs to local freelancers who plan to raise their equity crowdfunding with the help of "Mamun '' the Omani fintech.
Tariq Al Habsi and Aysha Alqmashouai founded the Zambezi in 2021. With the support of the Oman Technology Fund...
In 2021, Faisal Rashed established this Bahraini loyalty program known as Ahlan App and has secured a $3 million investment which values the company at 15 million dollars. This was considered Ahlan's first-round investment that was followed and led by Hope Ventures investment group. Besides other angel investors joining...
The company announced that the goal of this investment, which is a mix of equity and financing, is boosting the Saudi market's home advertising.
dKilo, an ad tech startup that is located in Egypt, during the Leap 2024 conference in Riyadh, made a public statement to inform that the company...
Antler Singapore is set to create a significant impact in the Middle East, North Africa (MENA), and Pakistan regions through its $60 million fund and comprehensive support programs.
Antler Singapore has long been recognized as a pioneer in identifying and nurturing promising startups at the earliest stages of their journey....
Health-tech start-up MEDZnMORE raised a pre-series A round of $11.5 million from a series of angel and venture capitalist firms. Founded in 2020 based in Karachi Pakistan, in pursuit to solve the medical and wellness delivery service for B2B and B2C clientele of consumers, pharmacies and hospitals.
With the growth...
