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...
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...
The popular Jeddah-based football talent recognizing platform, Grintafy has officially partnered with the English football club West Ham United to provide help and expand their operation. Because of the multi-year organization, the Saudi startup will assist West Ham United with finding football talents on a global scale and that’s...
It was announced that the Innovative Startups and SMEs Fund (ISSF) has made a direct investment of $150K in Jordan-based online marketplace Matrix. The fundraising was started back in January this year and they’ve managed to raise a seed fund of $300K by teaming up with Select Ventures Holdings,...
Iraq, often dubbed one of the last major untapped economies in the Middle East, is poised for a digital revolution. Despite a large, young, and increasingly connected population, its startup ecosystem remains in its nascent stages, fragmented, and largely informal. Enter EQIQ, an innovative venture capital (VC) fund operating...
One of the most popular ways marketers gain customers is by letting them test their products first. And that is done by giving them a sample product for them to test first and admire. And it’s still one of the most used methods to understand what their target consumers...
Health-tech start-up MEDZnMORE raised a pre-series A round of $11.5 million from a series of angel and venture capitalist firms. Founded in 2020 based in Karachi Pakistan, in pursuit to solve the medical and wellness delivery service for B2B and B2C clientele of consumers, pharmacies and hospitals.
With the growth...
Beginning a start-up company presents challenges, even in normal circumstances, but in 2020, and now in 2021, start-ups across the globe are suffering financially due to the effects of the Covid-19 pandemic.
Within the UAE, many small businesses have already folded, have been put on hold or are struggling to...
A traceability and automation platform, Verofax Limited, led by Trove Capital UK, has in a Seed funding round secured $1.2million. Other investors include Kepler Fund Managers, MFD Holding, and Casablanca Holding.
This funding is simultaneous with the porting of the platform of Verofax on Microsoft Cloud and its current expansion in...
The Nuwa Capital, a Gulf venture capital fund has announced their first close debut fund of $75 million pretty much after a year of their lunch. This Dubai and Riyadh-based capital fund also known as ‘Nuwa Ventures Fund I’ (NVFI) has become one of the largest ones in the...
