Start-ups in Iraq hardly get sufficient media coverage. As a result, only a few people know of their existence. Challenges like lack of basic infrastructure, payment solutions, and business registration complications make it difficult for start-ups to succeed. Even with these challenges, small businesses are evolving and maneuvering Iraq’s...
It was announced that the Egyptian advertising platform Connect Ads was acquired by the Miami-based digital media company Aleph Holding by an 86% stake. The deal was comprised of both cash and stock and that’s about it from the announcement. It didn’t share the exact financial details thoroughly but...
JOI Gifts, the popular UAE-based and both MENA servicing online gifts marketplace has managed to successfully raise about $2.5M in their latest Series A funding round. This particular Series A funding round was led by Knuru Capital, the Dubai-based VC focused on FinTech and consumer marketplaces. The funding round...
The popular diversified company of the Royal Family of Dubai Seed Group has struck up a strategic partnership with Signzy. Seed Group has been operating for more than 16 years in the region and that’s not all. Signzy, the Bangalore-based fintech startup is specialized in banking workflow automation for...
NOW, the Dubai-based fintech has already raised about $7M in a fresh fund round which was announced today. The round was led by Anthemis Exponential Ventures and was joined by investors including Wamda Commercial Bank of Dubai, Accion Venture Lab. Hambro Perks’ Oryx Fund, Knuru Capital, DIFC FinTech Fund,...
The MSA was selected by the ISSF because of its board experience in the industry, robust track record, global access, and deep roots in the East and China. And this new access to MSA’s resources will certainly allow the ISSF to develop themselves in a competitive and entrepreneurial ecosystem...
Abu Dhabi has made another committee to manage the improvement of free zones in the emirate and survey enactment administering every one of them so that the regulations stay intact. The Executive Council of Abu Dhabi has given a choice to shape the Free Zones Council, led by the...
Fintech giant FlexxPay, a Dubai-based payment platform has announced raising about $3M. The fund was raised in a pre-Series A round and it was comprised of equity debt. The investors include a lot of popular names from different regions. They include DIFC Fintech Fund, Arzan VC, Nuwa Capital, VentureSouq,...
Walee, the popular influencer marketing platform from Islamabad has managed to raise about $2.7M in a seed funding round and that’s not all. The round was from a Pakistani communications company Z2C and they are strictly into public relations, advertising, commerce along with technological advancements as well. However he...
The Angel Investment Network of the Middle East (MAIN), which promotes angel investing in the region, has announced a free standard Egyptian legal document for early-stage founders and investors.
This was done in collaboration with the Development Cooperation in Germany implemented by GIZ Egypt (GIZ), a network of MENA’s leading...
