The popular b2b eCommerce platform Chari has managed to successfully raise about $5M in its latest seed funding round right after finishing up the summer’21 batch of Y Combinator. They also acquired Karny.ma, a Morocco-based FinTech platform before this funding round. This particular seed funding round was Co-led by...
Anghami, a top music streaming platform in North Africa and the Middle East now goes public by a merger with an acquisition company (SPAC) with a special purpose. A SPAC, also referred to as a blank-cheque firm, is created to raise funds via an IPO with the purpose of...
It was announced this Thursday that the popular Tunisiansp-French SaaS startup Expensya has brought $20MÂ up in new assets from Paris-based MAIF Avenir and Amman-based Silicon Badia. This particular Series B round takes Expensya's absolute raise to date to more than $25M. And it makes it the best-subsidized Tunisian...
Fintech NymCard which has its headquarters in Abu Dhabi, announced in a statement that it has launched an Open API platform for issuing and processing of payment cards.
The announcement is coming on the heels of NymCard’s $7.6 million Series A which the company had raised the previous month. The...
The UAE-based healthcare platform Smileneo has raised about $2 million in a seed round. The round is one of the biggest seed rounds that was raised in the MENA region by any teeth-straightening direct-to-consumer business. The round also included a lot of different anchor investments from several leading international...
A new website was set up by The Egyptian-Saudi Joint Committee with a goal to develop MSMEs aka micro, small, and medium-sized enterprises. The website is to help intermediaries to acquire funding along with highlighting their activities and that’s not all. IT’ll also help them showcase their achievements in...
The Co-Founder and former Chief Technology Officer, Ahmed Sabbah is back with his new gig Telda after leaving the Egyptian transportation startup last month. Telda is a fintech platform that will innovate ways of spending money for Gen Z in the Middle East. The platform was launched earlier this...
Zeew, the Egypt-headquartered E-commerce platform has managed to raise about $170K from Sanabil 500 MENA Seed Accelerator and it was announced today. Sanabil 500 MENA Seed Accelerator is a joint initiative of Sanabil Investments and 500 startups. And that makes the startup with a total sum of $400K which...
The global payment company Stripe finally executed their expansion in the Middle East and was announced very recently. They’ve officially launched their platform in the UAE with their first office opening in the Dubai Internet City. The private beta of the company was already launched a couple of months...
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...
