CodiPlay, a Kazakhstan-founded edtech startup, has announced the successful closure of its Series A funding round, raising $9 million at a valuation of $100 million. This milestone underscores the growing potential of Central Asian innovation and its scalability on the global stage. The funding round saw participation from prominent investors, including Global Capital from Saudi […]
Visa has announced its investment in Nigerian FinTech company Moniepoint, aiming to drive financial inclusion, accelerate digital payments, and foster small- to medium-sized business (SMB) growth across Africa. Although the specific financial details were not disclosed, the collaboration marks a significant step in advancing digital economies on the continent. “Visa’s investment in Moniepoint is the […]
RIYADH, Saudi Arabia–(BUSINESS WIRE/AETOSWire)– 500 Global, a leading global venture capital firm, today announced the launch of 500 MENA, L.P. (the “Fund”), a new fund dedicated to investing in high-growth technology startups across the Middle East and North Africa (MENA) region both from outside and inside the current 500 Global portfolio. This strategic move positions 500 […]
Dubai, United Arab Emirates – Pluto, UAE’s leading corporate card and expense management platform, has announced the successful raise of US$4.1 million in a pre-Series A funding round. The news comes just weeks after co-founder Mohammed Ridwan announced that the company had crossed AED 1Billion in spend under Pluto’s management. The round was led by […]
Dubai, UAE: Oraseya Capital, the investment arm of Dubai Integrated Economic Zones Authority (DIEZ), has been recognized as the most active investor by number of deals in the UAE for 2024, according to the UAE Venture Investment Report from MAGNiTT, the venture capital data platform. Oraseya Capital, which plays a pivotal role in supporting startups, […]
MoneyHash, the first and leading payment orchestration platform operating in the Middle East and Africa (MEA), has secured $5.2M in pre-A funding. Flourish Ventures – a global fintech investor behind industry leaders like Chime, Flutterwave, FairMoney, and Neon – led the round, adding to its portfolio of over 100 fintech startups. Additional investors include Saudi’s Vision Ventures, Arab Bank’s […]
Dubai, UAE — Ogram, a leading provider of flexible staffing solutions, has successfully secured a $3 million non-dilutive investment from Tenami Capital. This significant partnership will fuel the company’s expansion into Saudi Arabia, with a primary focus on retail and hospitality sectors, marking a pivotal step in their mission to revolutionize workforce management. The funding […]
January 21, 2025 – Hamilton, a groundbreaking protocol leveraging Bitcoin to tokenize Real-World Assets (RWAs), has successfully raised $1.7 million in a pre-seed funding round. The funding was led by DisrupTech Ventures, with participation from CMS, DeSpread, Hyperithm, Core Ventures, and several other prominent investors. Co-founded by Mohamed Elkasstawi and Ehab Zaghloul, Hamilton aims to […]
Muscat, Oman – Sampo AI, a pioneering startup specializing in dynamic pricing solutions for e-commerce, has announced the successful closure of its pre-seed funding round, raising $750,000. This milestone marks the largest pre-seed investment in Oman. The round was co-led by Omantel Innovation Labs and Waad VC, with participation from Hexnture and several prominent Saudi […]
Dubai, UAE – Sigma Capital, a Web3 early-stage venture capital (VC) firm operating across the GCC, has announced the launch of a US$100 million fund aimed at accelerating Web3 innovation in the Middle East and globally. The fund will focus on early-stage investments in decentralized finance (DeFi), blockchain infrastructure, real-world asset tokenization, gaming, and the […]