Cercli, a unified platform designed for MENA businesses to hire, manage, and pay their global workforce, has successfully raised $4 million in a seed funding round. The investment was led by Silicon Valley-based Afore Capital, marking the firm’s first foray into the MENA region, with the funds coming from its $150 million Fund III. This […]
Dubai, UAE – September 3, 2024 – Ziina, the UAE’s leading financial platform for consumers and businesses, has successfully raised $22 million in a Series A funding round, marking a significant milestone in its mission to transform financial services in the region. The round was led by US-based Altos Ventures, with participation from top-tier investors […]
Riyadh, Saudi Arabia – September 2024: Tabby, the MENA region’s leading shopping and financial services app, has announced a definitive agreement to acquire Tweeq, a Saudi-based digital wallet licensed by the Saudi Central Bank (SAMA). This milestone announcement was made during the 24 Fintech event, Saudi Arabia’s flagship fintech gathering. Under the terms of the […]
Abu Dhabi, UAE – Klumi Ventures, the leading blockchain-native Venture Capital Firm and Fund Manager based in Abu Dhabi, has announced a strategic partnership with Fuze, the Middle East’s foremost regulated digital assets and blockchain infrastructure provider for financial institutions. This collaboration aims to bridge the gap between traditional finance and digital assets across the […]
Abu Dhabi, UAE – Hulexo, the Abu Dhabi-based award-winning ERP provider specializing in solutions for small and medium-sized retail stores, has successfully secured Seed investment from Arzan Venture Capital (Arzan VC). This investment underscores Arzan VC’s continued commitment to nurturing early-stage tech startups. Hulexo is the fourth company to receive backing from Arzan VC’s Fund […]
Abu Dhabi, August 29, 2024 – Verofax, a leading Abu Dhabi-based Web3 services provider, has successfully raised $3 million in bridge capital. The funding round was led by prestigious investors, including King Abdullah University for Science and Technology, Plug & Play Tech Center, Navig8 Group, and Trove Capital UK. Other notable participants in the round […]
Dubai, UAE – : Dubai AI Campus, the largest dedicated cluster of AI companies in the region, located within the DIFC Innovation Hub, has announced a strategic collaboration with Google Cloud aimed at fostering the growth of the startup ecosystem in Dubai. This partnership seeks to leverage Google Cloud’s expertise and resources to empower startups […]
Doha, Qatar, 28th August 2024 — NymCard, the leading embedded finance provider in the MENA region, has officially expanded into Qatar after securing a license under the Qatar Financial Center (QFC). This strategic expansion further cements NymCard’s mission to build a robust payment infrastructure across the region. Already established in key markets including the UAE, […]
Dubai, UAE – August 28, 2024 – Finanshels.com, a leading financial services platform, is excited to announce a strategic partnership with FlapKap, a pioneer in providing innovative financing solutions for customer-facing SMEs. This collaboration aims to revolutionize how small and medium-sized enterprises (SMEs) in sectors like retail, e-commerce, restaurants, and agencies access the capital they […]
Dubai, UAE – Myco, a UAE-based Web3 streaming platform, has successfully completed the first closing of its Series A funding round, raising $10 million from a diverse group of prominent venture investors across MENA, North America, and Europe. The round was backed by key participants including Daman Investments, Aptos Labs, B Digital, Mocha Ventures, Art3 […]