The Abu Dhabi-based sovereign investor Mubadala has finally invested about $75M in 5-year pre-IPO convertible bonds of Telegram. Telegram is an open-source popular social media platform mainly known for its security-focused services over other popular social media.
The investment and partnership aimed at creating a new collaboration of opportunities between...
It was announced recently that there will be ‘One Million Entrepreneurs’, a campaign targeting potential talents and future entrepreneurs across Egypt, and the campaign is led by the Egyptian Ministry of Planning and Economic Development. The program is for all ages and groups across Egypt. It’s a fully online...
Fawry, the Fintech giant and E-payment solution provider from Egypt has successfully managed to acquire shares in Brimore which is a social commerce marketplace. Their latest minority acquisition comes in a series of efforts by Fawry and it is valued at $1M. This particular acquisition will help Fawry to...
Aramco’s Wa’ed, Saudi’s entrepreneurship arm of oil and petroleum giant that they’ll be doubling their investment in and support of startups by the year 2023.
Wa’ed was launched back in 2011 and ever since they’ve been supporting over 90 startups via venture capital investments and loans. But they did vow...
Mindshift Capital, the popular UAE-based funding firm has put resources into FORTË, an exclusive answer for digitizing wellness offered at fitness centers for the most convenience. Both innovation and membership-based streaming platform, FORTË introduces equipment and programming into studios, which empower classes to be streamed live to FORTË 's...
Google today announced a significant expansion of its digital payment ecosystem, with the official launch of Google Pay in Lebanon and Oman. This strategic move underscores Google's commitment to enhancing access to secure and convenient digital payment tools across the Middle East and North Africa (MENA) region. The service...
Savyour, the popular Pakistan-based Fintech platform, and developer of the first cashback app and pay-per-sale affiliate marketing network that they’ve managed to successfully raise about $3.3M in its latest funding round. This latest seed round was co-led by Global Founders Capital and Zayn Capital and it was joined by...
SadaPay, the Islamabad-based fintech platform has raised about $7.2M in a seed round it has achieved being the largest-ever seed round that was closed by a Pakistani startup. This seed round was led by Recharge Capital, a New York-based private non-profit cross-border platform. The seed round also was joined...
It was announced by Mastercard that the Bahrain-based NEC Payments will be the main worldwide accomplice of Mastercard Fintech Express, setting a large group of opportunities for new businesses and fintech players to launch Mastercard-giving administrations and open freedoms inside the economical system.
The platform was dispatched last year and...
Sharjah-based startup Mughamer.com has recently announced that the primary site in the Middle East to work with sightseers and tourists curation of experience-filled adventures across several destinations like the UAE, Morocco, Brazil, and Comoros Island and it doesn't just stop there at this point.
The startup was helped to establish...
