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...
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...
After Lezzoo acquired a seven-figure financing round, there has been increased activity in Iraq’s fundraising sector. Lezzoo has bought Erbil Delivery while Tech Ventures is dominating the six-figure financing round in Alsaree3/Zajil. These activities are a clear indication of the Iraqi market’s potential. Here are some fascinating takeaways based...
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 that the Egyptian agtech startup Mozare3 has raised more than $1M in a pre-seed round drove by Algebra Ventures and Disruptech. The round additionally incorporated the cooperation of EFG-EV and some private backers. The platform was established last year by Hussein Abou Bakr and Tamer El-Raghy....
It was announced that the UAE-based Edtech and Fintech startup Cashee has managed to raise about $1M in a Pre-seed funding round. The startup offers a digital platform along with providing prepaid cards to teens and kids that have a lot of useful features. It includes access for parents...
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...
Artificial Intelligence (AI) is rapidly becoming one of the dominant forms of technology in the world. So it shouldn’t come as a massive surprise that Hazen.ai, a company which specializes in creating intelligent traffic technology which utilizes AI to improve safety on the roads has gotten more investment in...
The popular funding firm Nama Ventures from the KSA has declared its launch of another $27M funds that have been raised from high-net-worth financier along with, institutional financial investors and even family workplaces. In spite of the fact that the asset will focus on new businesses in KSA, Nama...
Enhance Fitness, the popular Dubai-based on-demand personal training platform has announced today that they’ve successfully managed to raise about $3M in a Series A funding round. This latest Series A funding round was led by Global Ventures which is a UAE-based regional-focused venture capital firm.
Enhance Fitness was founded back...
