Sawari Ventures has closed their startups in their Egyptian-focused fund with about new commitments of $28M which roughly 440M in EGP. The commitments were from Kuwait Investment Authority’s Ekuity, Banque Misr, Suez Canal Bank, Misr Insurance Group, National Bank of Egypt, and Banque du Caire. In the previous round,...
The popular trucking marketplace from Karachi Truck-It-In has managed to add $3M to its pre-seed round and that’s not all. They have raised the fund in an extension to close the round right around $4.5M which was announced very recently. The startup already claimed to be the largest ‘pre-seed...
Saudi Fintech Nayla Finance Secures $4M to Expand Digital Lending for Small Businesses
Nayla Finance, a Saudi Arabian fintech platform specializing in digital lending solutions, has raised $4 million in seed funding to expand its services for micro and small businesses across the Kingdom. The funding round was led by...
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...
The popular Dubai-based market leader, iMile in delivery services has recently and officially launched their services in Egypt. Their current operations are based in Cairo and Suez and a goal to expand further in the region.
“We have solid plans for what we want to achieve in 2021 and our...
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...
Digital Finance Holdings, Inc (DFin) a company based in Egypt, has launched a platform focused on Fintech whose aim is to help build Fintech's next-generation in MENA, together with launching Camel Ventures –a new venture debt fund. Currently, the fund is raising fund and its website announced that they...
Sotech, the popular Egypt-based IoT solutions, and Health-tech startup about their successful raising of $1M in their latest Pre-Seed funding round. The pre-seed funding round was led by Innlife investments and key corporate investor Al Raya Kuwaiti.
Sotech was founded back in 2020 in the middle of the pandemic. Ever...
One of the most popular global organizations for private investors, The Cairo Angels zeroed in on supporting startup openings in Egypt, the Middle East, and Africa. They are very excited and charmed to declare their latest interest in the monetary innovation startup Kashat which has been on their plans...
The popular funding firm Nama Ventures from the KSA has declared its launch of another $27M funds that have been raised from high-net-worth financier along with, institutional financial investors and even family workplaces. In spite of the fact that the asset will focus on new businesses in KSA, Nama...
