Vogacloset is an online retail platform specializing in fashion, based in the UK. What sets them apart from other platforms is that their main area of catering is for the Middle East. They have recently been acquired by Alhokair, a franchise retail company in Saudi Arabia. The venture is a...
KSA’s DIGGIPACKS was founded by Amin Al-Atrash and Hasan Jabarti back in 2020. Amin Al-Atrash is already popular for several things with experience in logistics for 20 years along with last-mile, cold-chain, and even fulfillment sectors. He’s been having a goal to make a footprint within the same industry...
It was announced by Jahez International Company for Information Technology (Jahez) that the arrangement of HSBC Saudi Arabia as the Sole Financial Advisor and Global Coordinator for its possible first sale of stock (IPO) on the Saudi Exchange's Nomu - Parallel Market. Jahez is a local Saudi business that...
It was announced that the popular Egyptian-based logistic platform for eCommerce commercial center, Flextock raised a $3.25M Pre-Seed financing round. The round was held Foundation Ventures (Egypt), MSA Capital (China), CRE Venture Capital (South Africa), Alter Global (US), JIMCO – Jameel Investment Management Company (Saudi Arabia), B&Y Venture Partners...
Tunis-based edtech startup GoMyCode has reported its multi-mainland venture into Algeria, Morocco, Egypt, Nigeria, Ivory Coast, Bahrain, and France, taking advantage of new business sectors subsequent to getting subsidizing last year. The platform was established back in 2017 by CEO Yahya Bouhlel, GoMyCode began as a coding school prior...
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...
The popular Karachi-based B2B Ecommerce marketplace Bazaar has launched their fully digital ledger app, ‘Easy Khata’ which will allow retailers to seamlessly manage their accounting and ledger. The app was already debuted its first launch over a month ago having more than 100k active merchants registered across 400 cities...
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,...
Ranking Report for 2021 MENA Venture Investor revealed that in 2020, there was a decline in accelerator activity, with ​10%​ of all active investors being accelerators in MENA across all countries for its lowest level in five-years. This indicates a 29% ​reduction from the previous year.
With 2020 bringing a...
Investcorp Technology Partners aka ITP from Bahrain of their acquisition of all of the business and assets of MIR Limited which is the UK-based FinTech startup company. The startup works with innovative and award-winning payment platforms along with operating with e-wallet solutions as well.
Founded back in 2016, MIR Limited...
