Doha, Qatar: Qatar Development Bank has signed a cooperation agreement with Rasmal Ventures on the sidelines of Web Summit Qatar 2025. The partnership is aimed at bolstering Qatar’s entrepreneurial ecosystem by supporting innovation, attracting global talent, and fostering local and regional growth opportunities for startups. Through this collaboration, the two parties seek to strengthen Qatar’s position […]
UAE-based fintech BILRS has raised an undisclosed funding round from Salica Spring Studios, which is backed by Al-Waha Fund of Funds. Founded in 2022 by Rupert Shaw, BILRS provides international bill payment solutions, mobile top-ups, and gift cards, enabling seamless cross-border transactions in the B2B space. Through this investment, BILRS will be able to scale its operations, […]
Dubai, UAE; While venture capital funding contracted globally in 2024, three founders who turned their bootstrapped startup into a $350M exit are taking a contrarian approach. Today, UAE-based venture builder Disrupt.com announces a $100M commitment to build and back AI-first technology ventures globally. Founded by Aaqib Gadit, Uzair Gadit, and Umair Gadit – three university […]
Dubai, UAE – UAE-based venture capital (VC) firm VentureSouq has been selected as one of ten fund managers globally—and the only representative from the Middle East—to participate in the inaugural cohort of the We Fund Climate program by the International Finance Corporation (IFC). The program, aimed at supporting climate-focused VC funds in emerging markets, fosters […]
Journify, a global provider of Conversion API (CAPI) and Composable Customer Data Platform (CCDP), has secured $4 million in funding. The round was led by global VC firm Silicon Badia, with participation from RZM and other strategic investors. This investment fuels Journify’s mission to empower brands with ethical, data-driven marketing solutions that drive precise audience […]
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 […]