Moroccan fintech startup PayTic has raised $4 million in funding to advance its payment automation solutions and facilitate expansion into North and Sub-Saharan African markets. AfricInvest led the funding round alongside Build Ventures, Axian Group, Mistral, Island Capital Partner, and Concrete. “This significant investment is a powerful validation of PayTic’s mission and the transformative impact […]
San Francisco, CA – April 1, 2025 — OpenAI on Monday announced it has secured a monumental $40 billion in funding, marking the largest private tech financing round in history, and valuing the ChatGPT-maker at an astounding $300 billion, including the newly raised capital. According to PitchBook, this round is nearly three times larger than […]
Dubai, UAE – Expanding into the Middle East and North Africa (MENA) remains a costly and complex challenge for global businesses due to fragmented regulations and banking systems. Dubai-based fintech Fuse aims to simplify this with its cross-border payments API and has secured $6.6 million in seed funding to accelerate its mission. Founded in 2023 […]
Warner Bros. Discovery is taking a minority stake in Dubai-based OSN Streaming Ltd. in a bid to capture a slice of the fast-growing Middle Eastern entertainment market. Warner Bros. will pay $57 million for about a third of OSN Streaming, Joe Kawkabani, chief executive officer of parent OSN Group, said in an interview. The transaction […]
Valeo Health, a pioneering leader in AI-driven healthcare, has successfully raised $12 million in its Series B funding round, bringing its total funding raised to $20 million to date. Co-founded by Sundeep Sahni, Nadine Karadag, and Ankur Majumder, Valeo Health is redefining personalised, data-driven healthcare across the region. The round was led by Flintera, with […]
Lumi AI, a self-service data analytics and insights platform redefining how brands and retailers uncover value in their enterprise resource planning (ERP) data, is proud to announce the close of its $3.7 million seed funding round. The round was led by AgFunder, a Silicon Valley venture capital firm focused on early-stage AI startups solving supply […]
UAE: Epik Foods, the dynamic UAE-born F&B group has announced the acquisition of Sauce Capital, a prominent Abu Dhabi-based food group with a strong presence in Saudi Arabia. This milestone acquisition brings 15 new brands under the Epik Foods umbrella, reinforcing the group’s commitment to expanding its regional footprint and introducing diverse dining experiences. The acquisition […]
enza, a leading innovator in African payment solutions, announced today that it has secured a $6.75 million investment in a seed equity round co-led by Algebra Ventures and Quona Capital. This milestone marks the first external funding for enza and will accelerate the company’s mission to “liberate the world of payments for more inclusive, opportunity-led […]
In a major step toward redefining in-app gaming, PlaysOut has closed a $7 million seed funding round at a $70 million valuation. With backing from prominent investors such as OKX Ventures, KBW Ventures, and Pacific Century Group, the multi-engine mini-game platform is poised to dominate a market projected to be worth between $6-10 billion. Co-founder Jassem Osseiran […]
Motery, an innovative fintech application revolutionizing the automotive purchasing landscape, is proud to announce the successful completion of its seed funding round, at an $8 million valuation. This strategic investment will empower Motery to expand its services and solidify its position as a one-stop shop for online car buying and financing in the automotive sector. […]