DUBAI, UAE – Ruya, the pioneering digital Islamic bank, and Ignyte, the government-backed startup ecosystem, have officially forged a strategic partnership. This collaboration aims to accelerate innovation across the UAE by integrating Ruya’s Shari’ah-compliant digital banking expertise with Ignyte’s comprehensive support for entrepreneurs.
The UAE continues to lead the MENA...
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...
It was announced by the Innovative Startups and SMEs Fund (ISSF) and Dutch Good Growth Fund (DGGF) have set up their obligation to secure the launch of Amam Ventures, which is Jordan’s first SME gender lens fund.
Amam Ventures is an investment group that is aimed at making impact investments...
Open Banking is an Internet-based service that allows small business owners to access their own money. The service is available to businesses of all sizes, but particularly to those in the technology and software industries. Open Banking is based on the Open Source Software concept, which is a form...
It was announced that UAE-headquartered popular IoT startup iWire has managed to raise a $34M Series A funding round. The round was led by Noor Capital and was joined by Bpifrance. The startup has been building country-wide communication networks to improve and power a huge number of IoT solutions...
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...
The ALsaree3 group has closed a 7-figure bridge round at the end of last month. The group consisting of 2 different platforms including Alsaree3 which is a food delivery platform and Al Zajel Express which provides delivery services. The round was coordinated by Innovest ME and Iraq Tech Ventures....
Egypt's Information Technology Institute (ITI) has joined forces with Google to dispatch the Machine Learning Developer, which hopes to qualify 30K programmers, college students, and software engineering graduates on Artificial Intelligence (AI) and Machine Learning backgrounds to make the team even greater. With literally a horde of APIs, Google...
STEPPI, the UAE-based health and corporate wellness platform for its successful management of raising about $1.8M in its latest funding round. The funding round was powered by a new partnership with boutique health and fitness experts, Embody Fitness, based in London and Dubai. The funding round has welcomed Embody...
The popular AgriTech start-up in the digital fresh produce platform from Lahore has managed to successfully raise about $2M in its latest Pre-Seed funding round. This particular pre-seed funding round was led by Global Founders Capital. The round was also joined by Zayn Capital and recorded participation from Ratio...
