Fintech giant FlexxPay, a Dubai-based payment platform has announced raising about $3M. The fund was raised in a pre-Series A round and it was comprised of equity debt. The investors include a lot of popular names from different regions. They include DIFC Fintech Fund, Arzan VC, Nuwa Capital, VentureSouq,...
UAE-based BaaS supplier of integrated financial platform NymCard reported that it has joined Visa's Fintech Fast Track program. The association will permit NymCard's organization of fintech accomplices to locally available onto Visa's worldwide organization through the last's Fintech Fast Track Program. This move will give NymCard's fintech accomplices, optimized...
It was announced that Taager, the popular Egypt-based social eCommerce platform has managed to raise about $6.4M in a seed round. The round was led by 4DX Ventures which was also joined by Raed Ventures, Beco Capital, Breyer Capital along with the individual investor, Careem’s Magnus Olsson. This leads...
A SaaS platform for employee engagement, Engagesoft, based in Jordan has announced a Pre-Seed investment in six-figures from angel investors based in Jordan and Saudi Arabia. Engagesoft began its operation officially in Amman in the last quarter of 2020.
The start-up was founded by a team with a vast knowledge in...
After Lezzoo acquired a seven-figure financing round, there has been increased activity in Iraq’s fundraising sector. Lezzoo has bought Erbil Delivery while Tech Ventures is dominating the six-figure financing round in Alsaree3/Zajil. These activities are a clear indication of the Iraqi market’s potential. Here are some fascinating takeaways based...
Dubai, UAE – The Food and Beverage (F&B) industry across the Middle East and North Africa (MENA) region is experiencing an unprecedented digital revolution, with food tech emerging as a pivotal force. This technological transformation is empowering restaurants to achieve new heights of efficiency, sustainability, and profitability in a...
It was announced that EdVentures, the popular funding wing of the Egyptian Nahdet Misr Publishing Group, has gotten the 'Training Investors of the Year' grant for the MENA area by UK-based web magazine ‘Corporate Vision’ and that’s not all. This particular honorary award for ‘Education and Training' classification tries...
Qatar's one and only popluar fish commercial center Fish.qa has declared its successful seed round. The startup has made it simple for clients to buy several varieties of fish in only a couple of clicks and have them delivered to their doorstep through its online platform. Having been established...
ClearGrid, a fintech company based in the UAE, has raised $10 million in funding after coming out of stealth mode. The funding is split into two rounds: a pre-seed round of $3.5 million, led by Raed Ventures and Beco Capital, and a seed round of $6.5 million, co-led by...
Snapp group, the popular Iranian ride hailing and online service super app in a surprising change in tactics has for the first time published statistics about it's business and app for the year 2020. The private held company had long kept it's data close to it's chest, disclosing some...
