Fintech NymCard which has its headquarters in Abu Dhabi, announced in a statement that it has launched an Open API platform for issuing and processing of payment cards.
The announcement is coming on the heels of NymCard’s $7.6 million Series A which the company had raised the previous month. The...
MENA Industry Venture Report for 2021 has revealed that based on funding amount, the top 7 industries in MENA all together accounts for 74% of all the invested capital in 2020, while 49% of transactions accounted for the top 7 industries by deals.
In spite of the overall reduction in...
Almentor, a Dubai-based online video learning platform has raised $6.5M in a Series B round. It was announced today that the round was led by Parth. The round also incorporated the interest of Sawari Ventures, Egypt Ventures, and Sango Capital. The edtech had raised its $4.5M Series A which...
It was announced today that Stake, the Dubai-based real estate venture platform has brought $4M up in a seed round which was led by Combined Growth Real Estate. A regional family office Vivium Capital, European VC Verve Ventures, Riyadh-based Lama Holding, Saudi private backer Mishaal Alireza, and the investors...
Under the oversight of the Saudi Central Bank (SAMA), Saudi Payments reported the dispatch of Saudi Arabia's instant payment platform 'sarie' in collaboration with IBM and Mastercard and that makes it one of the fastest ways to make transactions in the region.
As of now, 'sarie' upholds all Saudi banks...
It was announced that the Egyptian advertising platform Connect Ads was acquired by the Miami-based digital media company Aleph Holding by an 86% stake. The deal was comprised of both cash and stock and that’s about it from the announcement. It didn’t share the exact financial details thoroughly but...
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...
E-FINANCE for Digital and Financial Investments, the first fintech platform in Egypt of their offer up to 14.5% of its capital in an IPO and that’s not all. The offer also involves listing its shares on the EGX in the final quarter of this year.
E-FINANCE has already claimed to...
A platform for esports and gaming, SaudiGamer.com, has been acquired by Webedia Esports Agency, an international gaming experts via Webedia Arabia Group –it’s local arm (based in UAE, KSA, and Lebanon).
The involvement of Webedia Arabia Group will consolidate SaudiGamer.com and her social channels to firmly establish it as the...
Last March, while cities around the world went into lock down, most companies were forced to close their doors and forego revenue for a few weeks. Given that restaurant owners collaborated with food aggregators to power the on-demand food economy, you'd think they'd have an easier time. You'd be...
