Flow48, a leading fintech revolutionizing SME lending in emerging markets, has secured a substantial $69 million in Series A funding. This investment will fuel the company’s expansion across the UAE, South Africa, and Saudi Arabia, with $10 million specifically earmarked for scaling operations within South Africa. The funding round, comprising both debt and equity financing, […]
UAE – Pinewood.AI, a leading provider of cloud retail solutions for the automotive industry, has acquired a 90.9% majority stake in UAE-based Seez, a SaaS platform specializing in artificial intelligence and machine learning-driven automotive solutions. The deal, valued at $42 million, is set to be completed by March 19, 2025, pending the successful issuance of […]
Dubai: Payments company Cashfree Payments, which processes USD 80 billion in payments annually today said it has raised USD 53 Million in funding, a part of which will help accelerate its expansion and market presence in the UAE and the Middle East region, a rapidly growing hub for digital payments and financial innovation. The funding […]
MANSA, a global fintech innovator in cross-border payments, has announced the successful close of its $10 million funding round. This marks a significant milestone for the company in its mission to alleviate liquidity challenges for payment companies worldwide. MANSA’s stablecoin-based solution offers payment providers in emerging and mature markets a flexible and reliable way to […]
Source: Forbes Dubai-based self-storage provider The Box has raised $12.5 million in debt financing from investment firm Shorooq, according to a statement issued Thursday. Expanding self-storage solutions The new capital will support the construction of a new self-storage facility in Dubai, bringing The Box’s total debt funding to $31.5 million through various credit facilities since […]
UAE’s Blum raised $5 million in a pre-seed and seed round. The round was led by gumi Cryptos Capital, Spartan, No Limit Holdings, YZi labs and OKX Ventures. Blum is a decentralised trading platform that operates via Telegram. With the funding, it aims to enhance its infrastructure, improve trading functionalities, and expand its operations across […]
Tunisia-based P2P fashion marketplace Dabchy has raised a pre-Series A funding round led by Janngo Capital and angel investors for an undisclosed value. Founded in 2016 by Ameni Mansouri, Ghazi Ketata and Oussama Mahjoub, Dabchy is an e-commerce marketplace for second-hand fashion. The startup plans to use the investment to expand into new markets, including […]
Madica has announced an $800,000 pre-seed investment in four African startups, allocating $200,000 to each company. The recipients of the funding include Medikea (Tanzania), Motherbeing (Egypt), Pixii Motors (Tunisia), and ToumAI (Morocco), all operating in high-growth sectors such as healthcare, female tech, electric mobility, and artificial intelligence. Egypt’s Motherbeing, a femtech startup, leverages AI to […]
Riyadh, Saudi Arabia – Spoilz, a rising Saudi-based mobile gaming company, has successfully secured a seed investment round led by Impact46, with participation from prominent industry investors with undisclosed amount. This strategic funding aims to bolster the Kingdom’s position as a global hub for mobile gaming by developing high-quality games that attract players worldwide. The […]
Dubai, UAE – Merit, a leading rewards and loyalty platform headquartered in the UAE, has successfully raised $28 million in its Series B funding round. The investment was led by Alistithmar Capital and Tech Invest Com, with strong support from Endeavor Catalyst, Salica Investments, and Stride Ventures. The company, founded in 2016, specializes in digital […]