Dubai, UAE, 21 May 2025: Turkcell (NYSE: TKC) (BIST: TCELL) announced that its subsidiary, TDC Veri Hizmetleri (TDC), has secured €100 million in murabaha financing through a strategic agreement with Emirates NBD Bank, a leading banking group in the Middle East and Turkiye (MENAT) region. The five-year financing agreement is intended to empower Turkcell Group’s data center […]
Riyadh Valley Company, the investment arm of King Saud University, announces its investment in MEVF IV managed by MEVP. Founded in 2010, MEVP is a leading venture capital firm that invests in early and growth-stage technology startups led by talented entrepreneurs across the Middle East and North Africa, with particular focus on the Gulf Cooperation […]
EQIQ, a venture capital fund and venture builder led by founding partners with a track record of investing over $500 million in technology startups and generating more than 3.3x return, is expanding its fund size from $15 million to $30 million. Domiciled in Abu Dhabi Global Market (ADGM), EQIQ is pursuing both greenfield (seeding new ventures) and […]
DUBAI, UAE – Google announced the launch of its second “Google for Startups Accelerator: AI First” program for the Middle East, North Africa, and Turkiye (MENA-T). The 12-week, equity-free program is designed to empower the most promising Seed to Series A startups that are harnessing the power of artificial intelligence, providing them with the essential infrastructure, […]
Doha, Qatar – May 2025: In a landmark move announced at the Qatar Economic Forum 2025, LuLu AI, the fintech investment arm of LuLu Financial Holdings, has made a strategic undisclosed investment in PayLater Qatar, one of the country’s pioneering licensed providers of Buy Now, Pay Later (BNPL) and embedded finance solutions. The announcement was made in the presence […]
Dubai, UAE – Tarjama, MENA’s leading language solutions technology company, announces it has raised $15 million in a Series A funding round. The round was led by MENA’s leading venture capital firm – Global Ventures. Other participating investors included Wamda Capital, TA Ventures, Phaze Capital, Golden Gate Ventures, and Endeavor Catalyst. The proceeds will accelerate the […]
Kuwait City – Circle, a fast-growing quick commerce startup founded in Kuwait, has secured $6 million in Series A funding from a consortium of strategic investors, marking a significant milestone in its mission to reshape the future of retail and consumption across the region. Since its inception in 2020, Circle has transformed the marketplace experience, […]
Cairo, Egypt – ElGameya, Egypt’s leading fintech platform digitizing the traditional ROSCA savings model, today announced the successful closing of a new 7-figure USD investment round, aiming to accelerate the development of its technology platform. The round was led by AYADY for Investment and Development, with participation from prominent investors including Jedar Capital, Cubit Ventures, Ventures Notes, P-Maestro and a […]
Fresh equity fuels Sylndr’s drive to reimagine car ownership in markets where trust, liquidity, and infrastructure gaps have long constrained both consumers and dealers. Sylndr, Egypt’s leading used-car marketplace, today announced the closing of its $15.7 million Series A equity round, led by Development Partners International (DPI) Venture Capital via the Nclude Fund, with participation […]
Qardy, Egypt’s pioneering digital lending marketplace, is thrilled to announce that it is set to be acquired by Catalyst Partners Middle East (CPME) through a landmark Special Purpose Acquisition Company (SPAC) acquisition, valued at approximately EGP 1.16 billion (USD 23.15 million). This proposed transaction represents Egypt’s first-ever SPAC acquisition, positioning Qardy to become the nation’s inaugural fintech […]