OTO, the Saudi-based Shipping management software and delivery platform that they’ve managed to successfully raise $3M in their latest seed funding round. The funding round was led by Middle East Venture Partners (MEVP) and Derayah Capital.
OTO was founded by CEO Mohammad Al-Razaz and CTO Furkan Uzar. And it has...
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...
It was announced today that Riyadh-based Ecommerce platform Tamara has brought $110M up in a Series A round. The round was led by the popular leading global payment processor Checkout.com. Tamara is popular because of its "buy now pay later" motto. The round is contained obligation and value and...
The Co-Founder and former Chief Technology Officer, Ahmed Sabbah is back with his new gig Telda after leaving the Egyptian transportation startup last month. Telda is a fintech platform that will innovate ways of spending money for Gen Z in the Middle East. The platform was launched earlier this...
It was announced that Tabby, the popular buy now pay later platform from Dubai has raised about $50M in debt financing from San Francisco-based Partners for Growth. It’s the largest debt facility which was raised by fintech from the MENA region which was said by the startup. The startup...
It was announced today that Stake, the Dubai-based real estate venture platform has brought $4M up in a seed round which was led by Combined Growth Real Estate. A regional family office Vivium Capital, European VC Verve Ventures, Riyadh-based Lama Holding, Saudi private backer Mishaal Alireza, and the investors...
Jawaker, the leading online card game studio from Jordan has sealed their acquisition deal which is pretty much valued at $205M and that’s not all. The gaming startup was acquired by global gaming studio Still-front Group further grounding its position. It’ll also help them expand their gaming portfolio in...
It was announced on Monday that the popular Dubai-headquartered buy-now-pay-later startup Postpay has managed to raise about $10M from the global leading buy-now platform Afterpay along with AP Ventures which is an Australia based platform. This fresh round has summed up Postpay’s total financing about $35M as of now....
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 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...
