Despite decreasing funding in the African continent, Nigerian startups succeeded in raising their funding to $160 million in the first Q1. Four countries including Nigeria, Kenya, South Africa, and Egypt accounted for %87 of startup investments during Q1, and the founding breakdown showed, Nigeria is leader with $160 m...
It was recently announced by the UAE Ministry of Economy that the coming protocol on Commercial Companies Law will happen on the first day of next month, empowering unfamiliar financial backers and business people to set up and completely own inland organizations. With there being 3K+ UAE-based new companies...
Getir is been popular very recently for offering 10-minute grocery delivery. This Istanbul-based platform is turning into a revolutionized grocery delivery platform and they deliver about 1,500 items every day to the customers. Their delivery system is active 24 hours a week and they offer their fast delivery option...
Pavegen is very popular for developing and installing kinetic walkways that convert several things into psycho-graphic and emotional insights. They mainly take footsteps into off-grid, data, and clean electricity and then use the conversion methods. The generated energy then is used to power applications including LED lighting and e-link...
It was announced that the popular career-tech platform ‘Localized’ operating across the MENA region has managed to secure about $2.2M Seed Investment Round. The round was from Trend Forward Capital, One Planet VC, Angel Ventures, Next Wave Impact, Bisk Ventures, Joshua Mailman, US News Digital Ventures, and angel investor...
Egypt-based Contactcars, the lead automotive marketplace has announced their acquisition of Sa4ar Technology Solutions which is known for providing car valuation technology and a dealer-specific auction platform.
Contactcars.com is a subsidiary of Contact Financial Holing and they’ve been constantly evolving and looking for new opportunities to arise which will provide...
For the company North Ladder, known to some as BuyBack Bazaar, business is booming. The company has recently secured a $5M Series A funding round, led primarily by their new friends at BECO Capital. North Ladder, a secure trading platform based in the UAE, provides users with instantaneous access...
It was announced on Monday that the popular Dubai-headquartered buy-now-pay-later startup Postpay has managed to raise about $10M from the global leading buy-now platform Afterpay along with AP Ventures which is an Australia based platform. This fresh round has summed up Postpay’s total financing about $35M as of now....
Knuru Capital, a Venture Capital firm based in Dubai, has signed an agreement to handle a venture portfolio in its early-stage from an investment vehicle - DP Ventures Holdings - set up by Delta Partners senior executives to invest in technology companies in early-stages around the world.
The portfolio which...
The UK-based ride-hailing application UVA is dispatching its expansion in Egypt next month and is set to mix rivalry in the nation's ride-share market. The platform was established by Ibrahim Aldaajani, UVA flaunts a set-value highlight in requesting a ride through their application, vowing to take out unnecessary charges...
