The popular water solution app from Saudi Arabia, Moya App has finally managed to successfully raise about $2M in their latest funding round. The funding round was led by MLM Invest Company. The platform was first launched back in 2019 by Abdulrhman Almustafa, Abdullah Alshuaibi & Ahmed Alkadi. Ever...
It was announced that Mohsin Haider Darwish, one of the biggest and leading business houses in the Sultanate of Oman, has consented to an arrangement to turn into a huge investor in the popular worldwide online marketplace “Nabay.com”. This particular partnership will help speed up the platform’s client-centered mission...
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...
FII Institute, a Saudi-based investing giant has announced their investment of $500K in Paris-based space technology startup Interstellar Lab. The investment was done as part of their inclusive mission to provide the empowering the most eligible and brightest minds in leveraging scientific innovation for a better future.
The financial equity...
The global fintech and fund manager Liquidity Capital has announced its latest joint venture with Yas Investments from Dubai. While being focused on financing Tech startups from the MENA region, this latest partnership will culminate in a Venture Debt Fund of $100 Million in Abu Dhabi’s global markets.
Venture Debt...
Podro Iran’s delivery and logistics startup raised $12.5 million (300 billion Toman) from Fanap, an old guard of Iran’s digital ecosystem. Podro offers small to medium sized businesses B2B and B2C services, with many Iranians using social media to open store fronts to sell products and goods such as...
It was announced that one of the UAE’s leading institutional investors EDB aka The Emirates Development Bank has signed an agreement with the country’s first peer-to-peer (P2P) lending platform, Beehive. While allocating just over $8M which is roughly AED 30M in funding for the platform to distribute to creditworthy...
The powers in Saudi Arabia have recently announced they have established a bank for the small and medium enterprises in the country. They made the announcement during the weekly meeting of the cabinet, which is where the elected officials in Saudi Arabia discuss developments on a regional, global, and...
It was announced that Taager, the popular Egypt-based social eCommerce platform has managed to raise about $6.4M in a seed round. The round was led by 4DX Ventures which was also joined by Raed Ventures, Beco Capital, Breyer Capital along with the individual investor, Careem’s Magnus Olsson. This leads...
Announced today, Pakistani Lahore-based edtech Edkasa has raised about $320K in a pre-seed funding round. The round was closed a couple of months ago and it was led by i2i Ventures, but the announcement was made today instead. The round was joined by Zayn Capital, Walled City Co along...
