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...
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...
GIZ Egypt has announced a €100M which is roughly $120M subsidizing program "VC University", focusing on first-time investment (VC) reserves. It’s in association with Egyptian Micro, Small and Medium Enterprises Development Agency (MSMEDA), Endure Capital, and Changelabs
The sole purpose of this year-long program will offer planned asset administrators mentor...
The Finance house of Kuwait along with the holders of KFH VISA ATM are providing cards the transaction methods using NFCs locally and around the world just as Mastercard cards use which is very convenient right now. The Group Acting Deputy General Manager Cards, at KFH, Talal AL-Arbeed, said...
The popular KSA-based B2B marketplace, Sary has raised a $30.5M Series B round. The marketplace associates private companies with an organization of wholesalers and assembling brands through online tools like web interfaces and mobile apps and that’s not all. The round was led by VentureSouq (VSQ), with the support...
The first companies to have been granted a digital banking license in Saudi are STC Pay along with another local firm. The license was issued by Saudi’s finance minister which was approved by The Saudi Cabinet. And it was announced by the state news agency that day. Now it’s...
It was announced today that the popular Kuwaiti beauty eCommerce platform Boutiqaat has been freed from the money laundering case they’ve been fighting against. The entire case was dismissed after finding pretty much no evidence of any illegal activities regarding money laundering by the public prosecution. They’ve been under...
Maqsad, the popular Karachi-based Edtech platform on successfully managing to raise about $2.1M in a Pre-Seed round. This particular pre-seed round was led by Indus Valley Capital. The round was also joined by Alter Global, Fatime Gobi Ventures along with several founders of different startups both in Pakistan and...
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...
The Riyadh-Based food subscription app Dailymealz has raised about $2M in Pre Series A round. The fund was led by Seedra Ventures and the round even was even joined by some popular angel investors.
Dailymealz allows customers to order their food with their subscriptions from the app. The subscriptions are...
