Khazna, the popular fintech platform from Egypt has been selected to compete in the inaugural edition of the Last Mile MOney Accelerator program which is managed by IDEO. ANd it’s directly funded by the Bill & Melinda Gates Foundation.
Khazna has an inclusive financial technology with a goal to enhance...
Zid has successfully raised about $7M in a Series A funding round. This KSA-based eCommerce platform was able to raise 26M SAR which was led mainly by Global Ventures along with other existing investors that includes Arzan VC and Elm.
But this wasn’t the first investment Zid had received. In...
Tranglo, a Singapore-based fintech specialist, announced that it will expand its cross-border payment network for instant and direct transfers to over 30 e-wallets.
Tranglo is headquartered in Kuala Lumpur, Malaysia, and was established in 2008. It also has offices in Kuala Lumpur, Singapore, Jakarta, Dubai, and London. This cross-border payment...
The all-in-one digital school and learning management providing edtech company from Jordan ‘Edunation’ has managed to raise about $3M in a funding round. The round was led by Rubix, a US-based investor. Edunation has already partnered up with some of the most notable leading academic institutions in the MENA...
Amazon’s payment processing service in the MENA region, Amazon Payment Services has announced some changes about waiving all fees for the new businesses. Their aim is to benefit from the services that come with it in Egypt. Amazon Payment Services will postpone their services on accounts and support fees...
Open Banking is an Internet-based service that allows small business owners to access their own money. The service is available to businesses of all sizes, but particularly to those in the technology and software industries. Open Banking is based on the Open Source Software concept, which is a form...
Saudi-based on-demand marketplace and foodtech platform Siwar has successfully managed to raise about $7.5M in its latest funding round. The funding round was led by Riyadh-based travel services company Seera Group with the participation of key investors in the region.
The platform was launched back last year and it’s been...
Abu Dhabi has made another committee to manage the improvement of free zones in the emirate and survey enactment administering every one of them so that the regulations stay intact. The Executive Council of Abu Dhabi has given a choice to shape the Free Zones Council, led by the...
It was announced today that Kitopi, the popular cloud kitchen startup from Dubai has managed to raise about $415M in a Series C round. The round was led by SoftBank’s Vision Fund 2. The round is notably one of the biggest financing rounds led by a venture-back company in...
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...
