Despite a significant decline in funding in 2023, Middle Eastern fintech companies demonstrated remarkable resilience; Navigating challenges such as high-interest rates and geopolitical uncertainties, these fintechs are leveraging innovative technologies and pursuing expansion strategies. According to KPMG, fintech funding in Europe, the Middle East, and Africa dropped to its...
Supy, the popular UAE-based B2B food marketplace has managed to raise about $1.5M in a Pre-Seed funding round. This latest Pre-Seed Funding round was co-led by UAE-based investor COTU Ventures and US-based Valia Ventures, marking their first investment in MENA.
Supy was founded by CEO Dani El-Zein, previously COO at...
The global payment company Stripe finally executed their expansion in the Middle East and was announced very recently. They’ve officially launched their platform in the UAE with their first office opening in the Dubai Internet City. The private beta of the company was already launched a couple of months...
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 MCIT aka Saudi Arabia's Ministry of Communications and Information Technology has teamed up with the Raed Ventures Investment Fund for the Riyadh Techstars Accelerator program. The program was established back in May and will proceed in the same region for about 4 months. The Riyadh Techstars Accelerator program...
UAE Fintech Startup Klaim Raises $26M to Transform Healthcare Payments
Klaim, a UAE-based healthcare fintech startup, has secured $26 million in funding to accelerate medical insurance claim payments. The funding includes $10 million in Series A equity and $16 million in debt financing. Saudi-based Mad’a Investment led the round, with...
NOW, the Dubai-based fintech has already raised about $7M in a fresh fund round which was announced today. The round was led by Anthemis Exponential Ventures and was joined by investors including Wamda Commercial Bank of Dubai, Accion Venture Lab. Hambro Perks’ Oryx Fund, Knuru Capital, DIFC FinTech Fund,...
Moroccan MedTech platform DataPathology has been popular for providing remote pathology consultation has successfully managed to raise about $232K in their latest funding round. The funding round was led by WitamaxOne which is the investment firm that is jointly backed by Southbridge A&I and AXXAM Family Office.
DataPathology was founded...
Bridge for Billions is set to launch their new innovative healthcare service Al Borg MedTech Accelerator by teaming up with Al Borg Medical Laboratories, Jadara Ventures, and Elaj Group. Bridge for Billions has been one of the biggest and most popular networks for entrepreneurship throughout the years and they’ve...
TakeStep, an Egyptian healthtech company has been helping over 15K patients to recover since its founding back in 2018. They’re also helping patients to steer clear of relapsing every day a week and providing counseling services via online and direct mobile platforms. Certified doctors are authorized there and they...
