RIYADH: Saudi Arabia’s first fintech unicorn Tabby has doubled its valuation to $3.3 billion following the successful closure of a $160 million series E funding round. The round was led by Hong Kong-based Blue Pool Capital, and Hassana Investment Co., the funding arm of Saudi Arabia’s General Organization for Social Insurance, with participation from STV […]
Abu Dhabi, UAE – Phoenix Group PLC (ADX:PHX), ADX-listed technology leader, today announced a remarkable 236% year-over-year (YoY) surge in revenue for FY 2024, solidifying its position as a driving force in the global digital asset ecosystem. The company’s mining revenue reached $107 million in 2024, a significant leap from $32 million in 2023 and $5.4 million in 2022. This […]
Saudi Arabia-based WideBot AI, a company specializing in the development of AI products, solutions, and models, has secured $3 million in a Pre-Series A funding round. WideBot closed this funding round with the leadership of Keheilan Asset Management, supported by Saudi-based Al Wafra II, alongside direct investment firm Enza Capital. Other notable participants in this […]
Riyadh, Saudi Arabia – February 2025 – AutoSoft Dynamics, a subsidiary of Constellation Software Inc. (CSI), has taken a significant step toward expanding its presence in Saudi Arabia by signing a teaming agreement with Azeemi Technologies. The agreement, formalized on the first day of the LEAP 2025 technology conference, aims to introduce cutting-edge banking solutions to the region, reinforcing […]
Riyadh, Saudi Arabia – PIESHIP, a leading smart logistics and last-mile solutions provider, has successfully closed its SEED funding round, raising SAR 7.855 million ($2.1 million). The investment round was led by Nama Ventures, with participation from SEEDRA Ventures and other prominent angel investors. The fresh funding will support PIESHIP’s ambitious expansion plans across the […]
Doha – Finastra, a global provider of financial software applications and marketplaces, today announced it has been selected by Al Rayan Bank, one of the largest Islamic banks in Qatar with international presence, to implement a new, fully-fledged Islamic core banking solution. By moving to Finastra’s next-generation solution, the bank will benefit from a holistic offering that […]
Riyadh, KSA: LAHINT, a leading company specializing in government services automation, has successfully closed its SAR 4 million Pre-Seed funding round on the second day of its participation in the LEAP 2025 global conference in Riyadh. The company reaffirmed its strategic goal of automating 50 government services by 2027, positioning LAHINT as the go-to platform […]
Manama, Bahrain: Qareeb Data Centres, the Middle East’s first edge data centre provider, and Pantheon, a full-service global Bitcoin mining service provider, announced today they have signed a Memorandum of Understanding (MoU). This MOU sets out a strategic partnership between Pantheon and Qareeb to cover the rollout of Pantheon Bitcoin mining data centres across the Middle East region. […]
Bahrain-born edtech startup Unipal has raised its Pre-Series A investment round for an unknown amount. The round is led by Plus VC with participation from Al Jazira Capital, RZM Investments, Falak Angels, Doha Tech Angels and other angel investors. Founded in 2020 by Ali Alalawi and Ali Al Shaer, Unipal offers an online education application […]
DOHA: In a significant step toward advancing digital transformation, QIIB and Visa have signed a Strategic Partnership Agreement focusing on card payments and the development of innovative products and services. The agreement was signed by Dr. Abdulbasit Ahmed Al Shaibei, CEO of QIIB, and Dr. Saeeda Jaffar, Visa’s SVP and Group Country Manager for GCC. […]