Riyadh, Saudi Arabia – Spoilz, a rising Saudi-based mobile gaming company, has successfully secured a seed investment round led by Impact46, with participation from prominent industry investors with undisclosed amount. This strategic funding aims to bolster the Kingdom’s position as a global hub for mobile gaming by developing high-quality games that attract players worldwide. The […]
Riyadh, Saudi Arabia: T2, a leading Saudi technology services and solutions provider, has announced from LEAP25 the acquisition of a majority stake in the Saudi startup platform, Moola. The acquisition will enable T2 to enter the fintech market and expand its range of services and solutions to offer broader options to its clients within and beyond […]
Dubai, UAE – Merit, a leading rewards and loyalty platform headquartered in the UAE, has successfully raised $28 million in its Series B funding round. The investment was led by Alistithmar Capital and Tech Invest Com, with strong support from Endeavor Catalyst, Salica Investments, and Stride Ventures. The company, founded in 2016, specializes in digital […]
Riyadh, February 13, 2025 – Ant International, a global leader in digital payments, digitization, and financial technology, has officially launched its new office in Al-Olaya, Riyadh, following its successful certification as a Payment Technical Service Provider (PTSP) by the Saudi Central Bank (SAMA). The establishment of the new office will enable Ant International to collaborate […]
Riyadh, Saudi Arabia – LEAP 2025 RasMal, a leading fintech company specializing in digital investment management, has successfully raised $4.8 million (SAR 18 million) in a Pre-Series A investment round. The funding was led by Syndicate Element Holding Group (SHG) and announced at LEAP 2025 in Riyadh. The latest investment will enhance RasMal’s technology-driven platform, […]
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 […]