It was announced today that the popular Sydney-settled fintech platform Zip has procured Middle Eastern ‘buy now pay later’ platform Spotii for a venture worth $20M. The cash will be paid in Zip's shares, cash, or a bit of both. As a feature of the arrangement, Spotii investors will...
Elkaso, the popular UAE-based B2B marketplace has managed to successfully raise about $2.1M in its latest funding round was led by Global Founders Capital and MSA Capital. Although it was joined by key strategic global and regional investors including former and current leaders of Careem, Delivery Hero, Apple, Faith...
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 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...
The AFD also known as the French Agency for Development has managed to secure roughly about EUR 50 million which is roughly a $58.7M credit line for MSMEDA also known as Micro, Small, and Medium Enterprises Development Agency. Their aim is to promote women’s entrepreneurship across Egypt and that’s...
Retalio, the popular Saudi-based B2B E-trade commercial center startup has raised a $6.7M seed venture round very recently making them the biggest seed round speculation on record for a Saudi startup and that’s not all. The startup was led by Shorooq Partners and Abercross Holdings, and with the interest...
UAE Fintech Startup Klaim Raises $26M to Transform Healthcare Payments
Klaim, a UAE-based healthcare fintech startup, has secured $26 million in funding to accelerate medical insurance claim payments. The funding includes $10 million in Series A equity and $16 million in debt financing. Saudi-based Mad’a Investment led the round, with...
The popular student-centric edtech and AI-based company GoLearn Education has landed down in the MENA region. The Strategic Board Advisor naming Nada Ali Reddha has announced this about GoLearn’s expansion to MENA. Her career includes being Founder & Chairperson of SEED Group in UAE, membership of Nama Women Advancement...
Aldar Properties has launched its six-month entrepreneurship incubator program on its second round of the Manassah program. Their program is mainly aimed at attracting exceptional talents from all over the GCC and advance them under their wings. Aldar had held their partnership with startAD before and this global startup...
Egypt's Information Technology Institute (ITI) has joined forces with Google to dispatch the Machine Learning Developer, which hopes to qualify 30K programmers, college students, and software engineering graduates on Artificial Intelligence (AI) and Machine Learning backgrounds to make the team even greater. With literally a horde of APIs, Google...
