It was announced today by the popular South Korea government-backed funds of funds, KVIC aka Korean Venture Investment Company has recently started being committed to investing in VC Shorooq Partners’ Bedaya Fund which is an Abu Dhabi-based early-stage and that’s not all. It’s also notably the first fund from...
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...
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...
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 Nuwa Capital, a Gulf venture capital fund has announced their first close debut fund of $75 million pretty much after a year of their lunch. This Dubai and Riyadh-based capital fund also known as ‘Nuwa Ventures Fund I’ (NVFI) has become one of the largest ones in the...
Led by Salem Khalaf Al Mannai and regional investors the popular Doha-based Fintech startup Dibsy has raised about $300K Pre-Seed round. Established back in 2020 by Ahmed Isse, Anouar El Mekki, and Loyan Farah, Dibsy means to make handling transactions more straightforward. The startup is additionally upheld by the...
A talent booking platform for managers and artists, Soul Artists, based in the UAE, has in a Bridge funding round received $350,000 from Wasel and Falak Investment Hub.
Soul Artists is a peer-to-peer platform created by event managers and artists to locate and book musicians and entertainers. It creates a...
The popular Saudi-based FinTech and digital POS provider CashIn has managed to successfully raise about $1.6M in a funding round. The funding seed round was led by some of the most popular key investors including BIM Ventures along with a wide number of angel investors as well.
In the first...
In a seed funding round, the Egypt-based online portal, Sakneen, that helps home buyers locate properties, has raised $1.1 million with support from Sarwa Capital and Foundation Ventures and led by Algebra Ventures.
Others entities that invested in the round were Nakhla VC - a Saudi-based fund, Hem+Spire - a US-based...
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...
