YC-backed Munify secures $3M to build neobank for Egyptian diaspora

YC-backed Munify secures $3M to build neobank for Egyptian diaspora

Cairo/San Francisco — September 1, 2025 — Munify, a cross-border neobank built for the Egyptian diaspora, has raised $3 million in seed funding from Y Combinator, BYLD, and DCG. The startup, founded by Khalid Ashmawy, a former Microsoft and Uber engineer and co-founder of proptech scaleup Huspy, aims to modernize the remittance experience for millions […]

Singapore’s Bluente Secures $1.5M to accelerate expansion in the Middle East, broader APAC, and the United States

Singapore’s Bluente Secures $1.5M to accelerate expansion in the Middle East, broader APAC, and the United States

Bluente has successfully raised a $1.5 million Seed Plus financing round led by Informed Ventures to tackle one of the biggest drains on productivity faced by professionals worldwide: the hours lost to copy-pasting, translation errors and tedious reformatting of documents post-translation. A leading AI-powered platform trusted by global firms, Bluente delivers a one-click solution that […]

Tazapay Raises Series B Funding from Ripple and Circle Ventures, Signaling a New Era for Cross-Border Payments

Tazapay Raises Series B Funding from Ripple and Circle Ventures, Signaling a New Era for Cross-Border Payments

SINGAPORE, Aug. 27, 2025 – Tazapay, a leading global cross-border payments infrastructure platform, today announced the successful close of its Series B funding round with investment from Peak XV Partners, Ripple (US), Circle Ventures, Norinchukin Capital (Japan), and GMO VenturePartners (Japan). Existing investor Peak XV Partners led the round and 2 other existing investors January Capital and ARC180 joined the round. […]

CICC Capital and BlueFive Capital Kick Off Private Equity Fund for GCC Gateway Opportunities

CICC Capital and BlueFive Capital Kick Off Private Equity Fund for GCC Gateway Opportunities

Beijing, China / Abu Dhabi, United Arab Emirates, August 26, 2025: CICC Capital, the private equity investment platform of China International Capital Corporation Limited, teamed up with BlueFive Capital, a global investment platform originating out of the GCC, to collaborate on the establishment of a fund targeting Chinese companies in the new economy sector, focusing […]

UAE-based proptech Holo raised $22M to improve homeownership across the UAE and Saudi Arabia

UAE-based proptech Holo raised $22M to improve homeownership across the UAE and Saudi Arabia

● Round led by The Kingdom of Saudi Arabia’s Impact46 with support from Abu Dhabi’s Mubadala, Rua Growth Fund, anb seed, MoreThan Capital, with returning participation from Salica Oryx Fund and Dubai Future District Fund ● The United Arab Emirates and The Kingdom of Saudi Arabia’s property markets are growing by 8.66% and 8.77% annually through 2030, […]

Ajyad Capital Partners with Ratings Intelligence to Advance Shari’ah-Compliant Investment Solutions, Supported by Velexa Technology

Ajyad Capital Partners with Ratings Intelligence to Advance Shari’ah-Compliant Investment Solutions, Supported by Velexa Technology

Ajyad Capital, a leading Shari’ah-compliant investment firm established in Bahrain and licensed by the Central Bank of Bahrain since 2003, today announced a strategic partnership with Ratings Intelligence, a UK-based provider of Shari’ah advisory services. This collaboration will integrate advanced Shari’ah-compliance technology into Ajyad Capital’s upcoming fully digital trading application, made for investors throughout the […]

Abu Dhabi–based Cointel Raises $7.4mln in Strategic Round Led by Avalanche and Sugafam Inc.

Abu Dhabi–based Cointel Raises $7.4mln in Strategic Round Led by Avalanche and Sugafam Inc.

Abu Dhabi, UAE, August 20th, 2025, Cointel, an AI-native platform for crypto education, intelligence, and real-time trading support, has raised $7.4 million USD in a strategic funding round led by Avalanche, the high-performance U.S.-based Layer 1 blockchain known for real-world utility, Sugafam Inc., one of Japan’s most trusted Web3 innovation firms, and other top prestigious […]

UAE-headquartered VC CE-Ventures Joins $100M Series B for US Nuclear Tech Firm Aalo Atomics

UAE-headquartered VC CE-Ventures Joins $100M Series B for US Nuclear Tech Firm Aalo Atomics

UAE-headquartered venture capital platform invests in $100 million funding round for leading US nuclear technology company. Investment in Aalo Atomics showcases growing momentum for a new atomic age powered by advanced nuclear plants Addresses expected 4x increase in global electricity demand from AI-optimised data centres by 2030 Builds on Crescent Enterprises’ long-standing track record of […]