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...
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...
The popular Jordan-based speculation fund, ISSF also known as The Innovative Startups and SMEs Fund has reported an immediate venture of $150K in Trteeb, a startup situated in Jordan and Saudi Arabia. The announcement of the investment was made back in January this year. It was also stated that...
When significant wealth is generated, whether from a company sale, a major asset liquidation, or a successful IPO, a common question arises for newly liquid families: "What's next for our capital?" For many family offices, the immediate answer often leans towards direct investments in startups, bypassing traditional funds. This...
The FSRA of Abu Dhabi Global market has already introduced their latest innovative regulatory system for different fintech firms available for supervising and authorizing them who provide various third-party services to clients from other financial platforms.
TPPs are firms that play an important role as a medium between fintech firms...
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...
The all-in-one digital school and learning management providing edtech company from Jordan ‘Edunation’ has managed to raise about $3M in a funding round. The round was led by Rubix, a US-based investor. Edunation has already partnered up with some of the most notable leading academic institutions in the MENA...
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...
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...
Abu Dhabi announced that they’d be reducing business setup fees for the private sector. The decision was also made of license renewal fees to DHS 1K. This new fee policy will be effective from July 27, 21. And the entire reduction of the fee is over 90 percent less...
