ISSF aka The Innovative Startups and SMEs Fund from Jordan is known mostly for making strategic investments in startups. They also invest in early-stage largely innovative SMEs as well. ISSF has recently announced a direct investment of $150K in a Jordan-based startup Decapolis. The startup provides feature-rich solutions for...
It was announced recently that one of the most popular and leading accelerators, Flat6Labs has finally expanded to Jordan with their launch of a $20M seed fund. The providing fund which is Jordan Seed Fund has effectively completed the first close of $7.4M from the International Finance Corporation (IFC),...
It was announced that one of the UAE’s leading institutional investors EDB aka The Emirates Development Bank has signed an agreement with the country’s first peer-to-peer (P2P) lending platform, Beehive. While allocating just over $8M which is roughly AED 30M in funding for the platform to distribute to creditworthy...
The first companies to have been granted a digital banking license in Saudi are STC Pay along with another local firm. The license was issued by Saudi’s finance minister which was approved by The Saudi Cabinet. And it was announced by the state news agency that day. Now it’s...
It was announced that Tabby, the popular buy now pay later platform from Dubai has raised about $50M in debt financing from San Francisco-based Partners for Growth. It’s the largest debt facility which was raised by fintech from the MENA region which was said by the startup. The startup...
Logistic and supply chain company, Trukkin has raised it's series A investment round of $7 million from Saudi based Emkan Capital.
Trukkin, founded in 2017 by Janardan Dalmia who used to work as a financial executive brands itself as a leading aggregator platform which matches shipping with trucking for a...
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...
Flat6Labs in Bahrain has provided seed investment to UAE based HR platform Knack. This B2B platform was founded in Sharjah, UAE in 2020 by Divesh Lachhwani and Amna Aljarwan in effort to provide coaching, mentor ship and other HR related services to companies; and at times individuals.
At the time...
OpenSooq with its HQ in Jordan raised $24 million funding lead by Saudi Jordanian Investment Fund (SJIF), FJ Labs, and iMENA Group.
Open Sooq allows consumers and SME's to trade across a MENA level geography offering categories in prime sectors such as property, electronics, fashion, local crafts and interior decoration....
Since 2004 Iran has put efforts in launching some version of a domestic search engine within the country, these projects often had significant government funding and backing as they were perceived to help the Iran intranet network of information (which is Iran's local internet of sites often switched on...
