Egypt’s popular and leading VC firm, Algebra Ventures announced today on launching their second fund of around $90M. The fund was specifically dedicated to startups with the main goal to allocate their firm in the MEA region. They are currently aiming at first closing in 2021 on Q3.
Algebra has...
A recently launched venture capital platform, DisrupAD has set to launch $32.7M on a seed accelerator programme by teaming up with Flat6Labs. The platform is based on Abu Dhabi investment firm ADQ and the seed accelerator programme is set to invest and innovate the expansion of about 20 startups...
It was announced today that the popular Kuwaiti beauty eCommerce platform Boutiqaat has been freed from the money laundering case they’ve been fighting against. The entire case was dismissed after finding pretty much no evidence of any illegal activities regarding money laundering by the public prosecution. They’ve been under...
Sawari Ventures has closed their startups in their Egyptian-focused fund with about new commitments of $28M which roughly 440M in EGP. The commitments were from Kuwait Investment Authority’s Ekuity, Banque Misr, Suez Canal Bank, Misr Insurance Group, National Bank of Egypt, and Banque du Caire. In the previous round,...
Mind the Bridge, the International Chamber of Commerce and innovation advisory firm has teamed up to launch their CSS competition awards for the second year in a row and that’s not all. As a respective part of the MENA Digital Scaleup Summit, this team is to identify and expand...
The FSRA of Abu Dhabi Global market has already introduced their latest innovative regulatory system for different fintech firms available for supervising and authorizing them who provide various third-party services to clients from other financial platforms.
TPPs are firms that play an important role as a medium between fintech firms...
One of the most popular ways marketers gain customers is by letting them test their products first. And that is done by giving them a sample product for them to test first and admire. And it’s still one of the most used methods to understand what their target consumers...
Gazal was founded and established back in 2020 with a goal to help innovate, improve and redesign the entire future of transportation in GCC and the KSA region. Their aim is to use it for short-distance travel and innovate the use of sustainable and healthier alternatives for the transportation...
Synkers, a Lebanese Edtech platform helps to connect with students with the most qualified and passionate private tutors to help them focus on learning and complete their study sessions along with helping them throughout their academics and that’s not all. They also provide students continuous support starting from their...
Dubai’s Citron was founded by Sara Chemmaa back in 2017 right after she found out about a need for leakproof and fashionable lunchboxes in the market. The brand has already grown by including over 90 products in its name and that’s not all. They’ve launched products ranging from sustainable,...
