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 […]
Riyadh, February 13, 2025 – Ant International, a global leader in digital payments, digitization, and financial technology, has officially launched its new office in Al-Olaya, Riyadh, following its successful certification as a Payment Technical Service Provider (PTSP) by the Saudi Central Bank (SAMA). The establishment of the new office will enable Ant International to collaborate […]
Riyadh, Saudi Arabia – LEAP 2025 RasMal, a leading fintech company specializing in digital investment management, has successfully raised $4.8 million (SAR 18 million) in a Pre-Series A investment round. The funding was led by Syndicate Element Holding Group (SHG) and announced at LEAP 2025 in Riyadh. The latest investment will enhance RasMal’s technology-driven platform, […]
RIYADH: Saudi Arabia’s first fintech unicorn Tabby has doubled its valuation to $3.3 billion following the successful closure of a $160 million series E funding round. The round was led by Hong Kong-based Blue Pool Capital, and Hassana Investment Co., the funding arm of Saudi Arabia’s General Organization for Social Insurance, with participation from STV […]
Saudi Arabia-based WideBot AI, a company specializing in the development of AI products, solutions, and models, has secured $3 million in a Pre-Series A funding round. WideBot closed this funding round with the leadership of Keheilan Asset Management, supported by Saudi-based Al Wafra II, alongside direct investment firm Enza Capital. Other notable participants in this […]
Riyadh, Saudi Arabia – PIESHIP, a leading smart logistics and last-mile solutions provider, has successfully closed its SEED funding round, raising SAR 7.855 million ($2.1 million). The investment round was led by Nama Ventures, with participation from SEEDRA Ventures and other prominent angel investors. The fresh funding will support PIESHIP’s ambitious expansion plans across the […]
Riyadh, KSA: LAHINT, a leading company specializing in government services automation, has successfully closed its SAR 4 million Pre-Seed funding round on the second day of its participation in the LEAP 2025 global conference in Riyadh. The company reaffirmed its strategic goal of automating 50 government services by 2027, positioning LAHINT as the go-to platform […]
Bahrain-born edtech startup Unipal has raised its Pre-Series A investment round for an unknown amount. The round is led by Plus VC with participation from Al Jazira Capital, RZM Investments, Falak Angels, Doha Tech Angels and other angel investors. Founded in 2020 by Ali Alalawi and Ali Al Shaer, Unipal offers an online education application […]
Riyadh, Saudi Arabia – Madkhol Capital, a fintech innovator specializing in robo-advisory investment solutions, has successfully closed its initial investment round, raising 8.28 million SAR ($2.2 million). The funding round was co-led by Seize | Institute of Consulting and Business Solutions and numu Angel Investing Community, with participation from prominent individual angel investors. Founded in […]