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 […]
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 […]