Hushday, the region’s first premium, invitation-only flash sales platform, has raised over AED 2 million (USD $550,000) in pre-seed funding from regional tech investors. Inspired by the success of European giants like Veepee and Showroom Privé, this UAE-born startup aims to reinvent premium retail for a new generation of shoppers and brands. Dubai – As global […]
NEW YORK- Alpaca, a self-clearing broker-dealer and brokerage infrastructure API, announced its $52 million Series C funding round today from its new office in Manhattan, New York. This significant milestone further accelerates Alpaca’s global expansion and development of its industry-leading product offerings. This round saw participation from new and returning investors, including Derayah Financial, 850 […]
New York: Omani startup 44.01 was today announced as the winner of the Air category of the XPRIZE’s carbon removal competition and awarded a $1 million XFACTOR prize. 44.01’s project, based in Fujairah, UAE, uses Direct Air Capture technology to capture CO2 from the air, which 44.01 then mineralises, ensuring it can never escape back into […]
UAE-based crypto startup Resolv Labs has raised $10 million in a seed round led by Cyber.Fund and Maven11 and joined by Coinbase Ventures, SCB Limited, Arrington Capital, Animoca Ventures, Gumi Cryptos, NoLimit Holdings, and Robot Ventures. Founded in 2023 by Ivan Kozlov, Fedor Chmile, and Tim Shekikhachev, Resolv Labs provides a backed True-Delta Neutral Architecture for low-risk crypto investments. The funding […]
The Innovative Startups and SMEs Fund (ISSF) – the largest investment fund of its kind in Jordan has announced a USD 3 million investment in the Antler MENAP Fund LP. The USD 60 million early-stage venture capital fund, launched by Antler, focuses on pre-seed to Series A investments across the MENA region, with a sector […]
Moroccan regtech startup VOVE ID has secured new investment from The Baobab Network to accelerate its growth across Africa and the Middle East. The funding (amount undisclosed) marks a key milestone for the high-end digital identity verification company, which launched earlier this year and has already gained rapid traction with its secure, AI-driven Know Your Customer (KYC) […]
Source: Business Recorder AI fintech Metric announced a seven figure seed round to grow their offering across the Gulf region and Asia. The company told Business Recorder it is not revealing the exact amount at this stage. Founded in 2022 by Pakistani couple Meenah Tariq and Omar Parvez, along with the company’s CTO Dr Habiba, Metric said […]
Abu Dhabi: AIREV, the UAE artificial intelligence start-up that is one of the fastest-growing AI companies in the Gulf region, has secured investment from Irish-based venture private equity firm Venturewave Capital. The capital injection will be deployed to support AIREV’s rapid growth trajectory as it scales one of the world’s first AI operating systems – ‘On-Demand’. […]
UAE: BKN301 Group, a global fintech specialising in Banking-as-a-Service (BaaS), with key operations in MENA, has successfully closed a USD23.8 million capital increase. This will support the Group’s global growth, including exploring expansion into the United Arab Emirates and Saudi Arabia, as well as enhancing the firm’s proprietary BaaS Orchestrator platform. BKN301 operates in the Middle East, […]
Dubai, UAE – Rentify, a cutting-edge fintech & proptech startup, has launched in the UAE, bringing a seamless, tech-driven rental experience to landlords and tenants. With AED 1.5 billion in property value already signed up and scaling up rapidly, Rentify is set to redefine the rental ecosystem with its flexible payment solutions, AI-powered platform, and automated […]