In 2021, Faisal Rashed established this Bahraini loyalty program known as Ahlan App and has secured a $3 million investment which values the company at 15 million dollars. This was considered Ahlan's first-round investment that was followed and led by Hope Ventures investment group. Besides other angel investors joining...
It was announced today that Kitopi, the popular cloud kitchen startup from Dubai has managed to raise about $415M in a Series C round. The round was led by SoftBank’s Vision Fund 2. The round is notably one of the biggest financing rounds led by a venture-back company in...
The popular Protech startup Huspy from Dubai has managed to raise a funding round. The round was joined by B&Y Ventures, Amir Farha (Cotu), Plug and Play along with other regional family offices and the round was led by VentureFriends.
The platform was founded back in August last year by...
OTO, the Saudi-based Shipping management software and delivery platform that they’ve managed to successfully raise $3M in their latest seed funding round. The funding round was led by Middle East Venture Partners (MEVP) and Derayah Capital.
OTO was founded by CEO Mohammad Al-Razaz and CTO Furkan Uzar. And it has...
Despite a significant decline in funding in 2023, Middle Eastern fintech companies demonstrated remarkable resilience; Navigating challenges such as high-interest rates and geopolitical uncertainties, these fintechs are leveraging innovative technologies and pursuing expansion strategies. According to KPMG, fintech funding in Europe, the Middle East, and Africa dropped to its...
Podro Iran’s delivery and logistics startup raised $12.5 million (300 billion Toman) from Fanap, an old guard of Iran’s digital ecosystem. Podro offers small to medium sized businesses B2B and B2C services, with many Iranians using social media to open store fronts to sell products and goods such as...
Capiter, the popular Cairo-based eCommerce marketplace has managed to raise about $33M in a Series A funding round. The series A funding round was co-led by Quota Capital and MSA Capital. The deal had the participation of Saudi-based FMCG and retailer conglomerate Savola, Shorooq Partners, Foundation Ventures, Accion Venture...
STEPPI, the UAE-based health and corporate wellness platform for its successful management of raising about $1.8M in its latest funding round. The funding round was powered by a new partnership with boutique health and fitness experts, Embody Fitness, based in London and Dubai. The funding round has welcomed Embody...
Savyour, the popular Pakistan-based Fintech platform, and developer of the first cashback app and pay-per-sale affiliate marketing network that they’ve managed to successfully raise about $3.3M in its latest funding round. This latest seed round was co-led by Global Founders Capital and Zayn Capital and it was joined by...
Walee, the popular influencer marketing platform from Islamabad has managed to raise about $2.7M in a seed funding round and that’s not all. The round was from a Pakistani communications company Z2C and they are strictly into public relations, advertising, commerce along with technological advancements as well. However he...
