Pakistan’s popular logistic ad fintech startup PostEx has managed to finally raise about $1.5M in a seed round. This particular seed round was led by MSA Capital. The deal was also joined by Shorooq Partners, Zayn Capital, VentureSouq, PNO Ventures, +92 Ventures, and Arbisoft’s CEO Yasser Bashir.
PostEx was founded...
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 first companies to have been granted a digital banking license in Saudi are STC Pay along with another local firm. The license was issued by Saudi’s finance minister which was approved by The Saudi Cabinet. And it was announced by the state news agency that day. Now it’s...
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...
It was announced by the popular Pakistan-based Sarmayacar VC that it has helped dispatch their shipping marketplace center TruckSher. The VC firm didn't unveil the size of capital it has infused into the startup. It didn't share the specific insights concerning how much stake it possesses in TruckSher however...
e&, the telecommunications giant based in the United Arab Emirates, has entered into a $1 billion partnership with Amazon Web Services (AWS) aimed at enhancing cloud adoption and digital transformation across the Middle East and North Africa (MENA) region.
The six-year agreement will focus on delivering essential cloud services, including...
Biware, the popular data management startup from Tunisia has announced that they’ve successfully managed to raise about $1.2M from CDC Gestion and Zitouna Capital.
Biware works by providing technological SMB that supports other companies to use their data for strategic purposes and that’s not all. The purposes include increasing revenues,...
Sharjah-based startup Mughamer.com has recently announced that the primary site in the Middle East to work with sightseers and tourists curation of experience-filled adventures across several destinations like the UAE, Morocco, Brazil, and Comoros Island and it doesn't just stop there at this point.
The startup was helped to establish...
The Jordanian vehicle history announcing platform CarSeer has announced raising a six-figure Seed round from Arzan Venture Capital and more to be said.
The platform was founded back in 2015 by Hashim Hasan and Amjad Al-Zabin. The platform gives help with the appraisal of pre-owned vehicles determined to ensure everyone...
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...
