The Licorne Gulf-advised fintech company Spendwisor of their investment commitment from GEM Global Yield LLC SCS. The investment was roughly $50M from GGY which is a Luxembourg-based private alternative investment group worth $3.4B. With this facility, Spendwisor plans on tapping the full potential of the growing fintech market in...
The corporate funding foundation of UAE-based Crescent Enterprises, CE-Ventures has promised to pretty much increase its VC interests in new companies to reach $272M by next year and that’s not all. CE-Ventures has put more than $136M out of 32 new businesses and VC assets across the MENA locale,...
After the initial first successful first run, Google has reported the second round of its Startups Accelerator program for the MENA region and that’s not all. Chosen new companies will be combined with pertinent specialists from Google and the business everywhere to help tackle recognized issues. Partaking new companies...
Jahez International, a leading Saudi-based food delivery and logistics platform, has announced a landmark agreement to acquire a 76.56% stake in Qatar's Snoonu for a staggering $245 million (SR 919 million). This strategic move, disclosed on the Saudi stock exchange, marks a significant consolidation in the GCC's rapidly evolving...
Dubai, UAE – Related, a leading Dubai-headquartered loyalty and rewards platform, announced today it has successfully raised $8 million (SAR 30 million) in strategic funding. The investment comes from Saudi alternative investment firm Equivator, a move set to significantly accelerate Related’s expansion within Saudi Arabia and bolster the development...
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...
Fawry, the Fintech giant and E-payment solution provider from Egypt has successfully managed to acquire shares in Brimore which is a social commerce marketplace. Their latest minority acquisition comes in a series of efforts by Fawry and it is valued at $1M. This particular acquisition will help Fawry to...
Remotebase, a firm that builds connection with US companies and high-performing engineering teams, has raised a Seed funding round to the tune of $1.4M. Â The startup has its operations in Silicon Valley and Pakistan.
Indus Valley Capital led the round, together with participation from many global investors such as Hustle...
Almentor, a Dubai-based online video learning platform has raised $6.5M in a Series B round. It was announced today that the round was led by Parth. The round also incorporated the interest of Sawari Ventures, Egypt Ventures, and Sango Capital. The edtech had raised its $4.5M Series A which...
The Jordanian start-up scene has both regional and international recognition. The ecosystem is mostly shaped by young entrepreneurs in the ICT sector with prominent accelerators like Changelabs and IBDA3. Jordan is one of the key players in MENA’s Information and Communication Technology(ICT) forum. Jordanian start-up ecosystem aims to bring brilliant ideas of domestic...
