Colendi, the popular Turkey-based micro-crediting and payment solution platform that has managed to successfully raise about $30M in its latest Series A funding round. The funding round was participated by several key international investors. However, the most remarkable investment was made of a $12M investment by previous Getir backers...
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...
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...
It was announced today that the well-known Saudi Company Tamer Group is to acquire Mumzworld. The group has interests in healthcare, beauty, and FMCG products and Mumzworld is the leading eCommerce platform in the region for mother, baby, and child products. Although they didn’t announce the details on the...
It was announced that the Innovative Startups and SMEs Fund (ISSF) has made a direct investment of $150K in Jordan-based online marketplace Matrix. The fundraising was started back in January this year and they’ve managed to raise a seed fund of $300K by teaming up with Select Ventures Holdings,...
The popular UAE-based healthy snack brand for children Koala Picks has managed to raise about $408.4K which is roughly 1.5M in AED in their first external funding round. The funding round was led by friends and family investors. The funding round didn’t have any institutional investors and all funding...
It was announced in a statement today that the popular Kuwait-based online flowers and gifting platform Floward have managed to raise $27.5M in a Series B round. The round was led by STV and that’s not all. Impact 46 also joined the round alongside as well. As of now,...
Arabic language Jordan based education platform Adam wa mishmish has raised $475,000 in a seed funding round. This ed-tech platform uses educational cartoons to teach young children Arabic for the ages of 0-5 through music, art and interactive learn to play methods. Launched in 2016 due to the lack...
Zameeli, which is located in Oman, is a platform to connect SMEs to local freelancers who plan to raise their equity crowdfunding with the help of "Mamun '' the Omani fintech.
Tariq Al Habsi and Aysha Alqmashouai founded the Zambezi in 2021. With the support of the Oman Technology Fund...
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...
