It was announced on Monday that the popular Dubai-headquartered buy-now-pay-later startup Postpay has managed to raise about $10M from the global leading buy-now platform Afterpay along with AP Ventures which is an Australia based platform. This fresh round has summed up Postpay’s total financing about $35M as of now....
It was announced that the Egyptian advertising platform Connect Ads was acquired by the Miami-based digital media company Aleph Holding by an 86% stake. The deal was comprised of both cash and stock and that’s about it from the announcement. It didn’t share the exact financial details thoroughly but...
It was announced that the popular port operator with a worldwide reach, DP World has launched 'Dubuy' which is a discount web-based eCommerce platform. Hoping to interface purchasers and merchants on a global scale with merchandise delivered through the production network of DP World and its coordination for the...
JOI Gifts, the popular UAE-based and both MENA servicing online gifts marketplace has managed to successfully raise about $2.5M in their latest Series A funding round. This particular Series A funding round was led by Knuru Capital, the Dubai-based VC focused on FinTech and consumer marketplaces. The funding round...
A new website was set up by The Egyptian-Saudi Joint Committee with a goal to develop MSMEs aka micro, small, and medium-sized enterprises. The website is to help intermediaries to acquire funding along with highlighting their activities and that’s not all. IT’ll also help them showcase their achievements in...
Laverie was founded back in 2018 and has been fully operational ever since. They’ve already processed more than 60k items from a very popular client base of over 4k active registered users from the platform. The platform provides fully digitized laundry services to the clients along with order tracking...
As the world went into lock down a year ago, the vast majority had to look for alternative ways. And they pretty much turned to internet shopping and other web-based services. And that certainly sped things up on web-based business reception. And expanded a lot of absolute US retail...
The popular Cairo-based grocery platform startup, Appetito has raised about $450K on a Seed round from a gathering of Saudi Arabian Angel investor Ahmed Al Alola. He led the entire funding round in a beginning phase who was one of the early sponsors of Nana and Sary along with...
Orange Ventures which is the Venture Capital Fund of the Orange Group of their investment in the Lamma app, which is a Tunisian Qcommerce app that specializes in last-mile mobility.
This funding comes right after Lamma launching their Q-Commerce application. And it works by focusing on revolutionizing customer experience in...
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...
