The global fintech and fund manager Liquidity Capital has announced its latest joint venture with Yas Investments from Dubai. While being focused on financing Tech startups from the MENA region, this latest partnership will culminate in a Venture Debt Fund of $100 Million in Abu Dhabi’s global markets.
Venture Debt...
The Abu Dhabi-based sovereign investor Mubadala has finally invested about $75M in 5-year pre-IPO convertible bonds of Telegram. Telegram is an open-source popular social media platform mainly known for its security-focused services over other popular social media.
The investment and partnership aimed at creating a new collaboration of opportunities between...
Starting a company is an exciting time and for those in UAE, the chance to have your own start-up is remarkably high. Hundreds of start-ups are started each year in the Emirates. UAE actually leads Singapore, Norway, Japan, Sweden, Germany, and New Zealand in how many start-ups find life...
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...
The Ministry of Communications and Information Technology of Saudi Arabia and global investment platform Techstars have teamed up to launch the latest Riyadh Techstars Accelerator project. This particular accelerator program will help improving entrepreneurs and startups to help them innovate and grow their businesses in the MENA region. Their...
Sakneen, a property tech startup based in Egypt, recently announced that it had raised $1.1 million in a seed round led by Algebra Ventures. Sarwa Capital and Foundation Ventures also contributed significantly to the round. Hem + Spire, a real estate private equity firm based in the United States,...
Start-ups can be defined as companies or businesses that focus on one single product or service with the hopes of introducing it to the market. A start-up can be individually owned, or two or more investors can be its founder.
The greatest challenge that most start-up businesses face is finding investors willing to...
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...
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...
It was announced that UAE-headquartered popular IoT startup iWire has managed to raise a $34M Series A funding round. The round was led by Noor Capital and was joined by Bpifrance. The startup has been building country-wide communication networks to improve and power a huge number of IoT solutions...
