OCTA, a UAE-based fintech platform streamlining financial operations for SMEs, has announced the closing of a $20 million credit facility from the Sukna Fund for Direct Financing (SFDF). The funding will enable OCTA to embed short-term working capital financing directly into its platform, offering seamless credit access to small and medium-sized enterprises across the Kingdom. […]
Certifications within WELL at scale Programme enable the bank to measure performance, taking actions in areas impacting ESG and health Emirates NBD Group is already recognised as top organisation across both commercial and retail in MENA for LEED Platinum Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye […]
UAE based SaturnX, the infrastructure provider for stablecoin-based cross-border payments, closes a $3 million seed round. The round was led by White Star Capital, with participation from strategic institutional investors. The company enables businesses and financial institutions to move money globally through an API-first platform that leverages stablecoin liquidity, smart FX routing, and regulatory-compliant payout […]
Saudi-Egyptian startup Darwinz AI raised USD 325k in a seed funding round led by Flat6Labs KSA and Glint Ventures. The round marks the company’s first institutional funding round after having until now been bootstrapped by its co-founders, co-founder Mohy Aboualam. Darwinz AI? Founded in Egypt in 2021 by Emad Elazhary and Mohy Aboualam, Darwinz AI is a startup that […]
Partnership positions DMCC and Dubai as global leaders in sustainable water resource management and transparent water trading infrastructure Collaboration accelerates establishment of DMCC Water Centre and Dubai as a central, neutral hub for water trading and innovation Dubai, UAE: DMCC, the leading international business district that drives the flow of global trade through Dubai, has signed […]
Funding will fuel its regional data integration, advance its AI and machine learning capabilities, forge key partnerships and the launch of new tools for real estate professionals across the MENA region and beyond. MENA – Prop-AI, the AI-powered platform revolutionizing how people discover, evaluate, and purchase real estate, has successfully closed its pre-seed funding round, securing […]
Lagos, Nigeria – DisrupTech Ventures, one of Egypt’s leading early-stage fintech funds, has announced its first pan-African investment in Nigerian startup Winich Farms, a fast-growing Agri-Tech that is transforming access to markets and credit for smallholder farmers across Nigeria. The investment forms part of Winich’s Pre-Series A round. Lagos-based Winich is addressing the most pressing challenges […]
The new capital will accelerate the expansion of Octane’s acceptance network, deepen its technology stack and support the company’s growth across Egypt and the wider Middle East and North Africa (MENA) region. Cairo, Egypt: Octane, Egypt’s leading digital platform for fleet and on-road expense management, has raised US $5.2 million in a funding round led by […]
Dubai, United Arab Emirates: The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), today announced the next phase of its Tokenisation Regulatory Sandbox, beginning engagement with firms selected to join its Innovation Testing Licence programme – the DFSA’s regulatory sandbox that allows entities to test innovative financial products and […]
LemFi, an international payment services startup based in London, has acquired Pillar, a UK-based fintech focused on credit access for immigrants, in a strategic move that will transform financial services for immigrants. This acquisition paves the way for LemFi to launch specialised credit cards designed especially for immigrant communities, addressing one of their most persistent […]