The first companies to have been granted a digital banking license in Saudi are STC Pay along with another local firm. The license was issued by Saudi’s finance minister which was approved by The Saudi Cabinet. And it was announced by the state news agency that day. Now it’s...
The popular customer engagement platform from Riyadh, Unifonic has managed to raise about $125M in a Series B round. The series B funding round was led by SoftBank Vision Fund 2 and Public Investment Fund’s subsidiary Sanabil Investments. The announcement didn’t share any specific details on valuation. This specific...
Multiply-Group which is an Abu Dhabi-based International Holding Company’s subsidiary is set to launch a new joint venture with Firefly. Firefly is a US ride-share advertising startup and it’s popular for dynamic advertising. The new project on this joint venture will be based in Abu Dhabi along with bringing...
It was announced by the DIFC of their most latest investment in Clara which is a UK-headquartered Legal-tech startup. The investment was made through the DIFC fintech fund. It was launched back in 2017 and ever since, the startup has been set to establish, improve and take startups further...
The KSA-based cloud POS platform Prexle helps retail store owners including clothing shops, electronics, and even grocery stores to manage their customers, discounts, purchase orders, and manage their inventories simultaneously. The platform also allows to manage and generate reports on taxes, sales and inventories as well. This startup was...
Koinz develops technological tools to help assist different sizes of restaurants in the Middle East to speedily increase profit via rewarding, meaningful, and interactions with their customer base that is data-driven.
The tool enables restaurants to reach new customers that make use of its mobile application for delivery and takeout...
iKcon, a Dubai-based Cloud Kitchen Platform was founded by Khalid Baareh, the current CEO, and Kareem Abughazaleh, the COO of the platform back in 2019 and it’s the lead cloud kitchen service across the Middle East. They procure and delivers food on behalf of the restaurants and other brand...
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...
The popular diversified company of the Royal Family of Dubai Seed Group has struck up a strategic partnership with Signzy. Seed Group has been operating for more than 16 years in the region and that’s not all. Signzy, the Bangalore-based fintech startup is specialized in banking workflow automation for...
It was announced that EdVentures, the popular funding wing of the Egyptian Nahdet Misr Publishing Group, has gotten the 'Training Investors of the Year' grant for the MENA area by UK-based web magazine ‘Corporate Vision’ and that’s not all. This particular honorary award for ‘Education and Training' classification tries...
