It was announced today that Morocco headquartered Fintech startup Yalla Xash has raised a total sum of $675K series A funding round which was led by Maroc Numeric Fund II. The startup was established back in 2018 and ever since then, they’ve been providing money transferring features that allow...
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...
Aramco’s Wa’ed, Saudi’s entrepreneurship arm of oil and petroleum giant that they’ll be doubling their investment in and support of startups by the year 2023.
Wa’ed was launched back in 2011 and ever since they’ve been supporting over 90 startups via venture capital investments and loans. But they did vow...
16 of the top 100 companies in MENA (Middle East and North Africa) are led by extraordinary Women. Egypt had the majority closely followed by Saudi Arabia. Here are the 50 of the most Powerful Arab Women who are highly successful the business world in MENA primarily in the...
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...
Podro Iran’s delivery and logistics startup raised $12.5 million (300 billion Toman) from Fanap, an old guard of Iran’s digital ecosystem. Podro offers small to medium sized businesses B2B and B2C services, with many Iranians using social media to open store fronts to sell products and goods such as...
Arabic language Jordan based education platform Adam wa mishmish has raised $475,000 in a seed funding round. This ed-tech platform uses educational cartoons to teach young children Arabic for the ages of 0-5 through music, art and interactive learn to play methods. Launched in 2016 due to the lack...
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...
Flat6Labs Bahrain has concluded its 6th Cycle, in which eight startups participated in a 4-month acceleration program and received a $32,000 investment fund each.
Flat6Labs Bahrain is the latest Tamkeen-backed startup accelerator whose mission is to promote and launch both local and international startups in Bahrain.
Through its massive, far-reaching channel...
CE-Ventures, the corporate funding foundation of UAE-based Crescent Enterprises, has reported that it is multiplying its investment interests in new businesses to arrive at $272M which is roughly AED 1B by next year and that’s not all. Since its initiation in 2017, CE-Ventures has effectively contributed more than $136M...
