Maalexi, a U.S.-headquartered dynamic risk management platform helping SME agribusinesses mitigate operational risks, announces it has secured a $3 million debt finance facility from Citi, one of the world’s largest banking institutions. The strategic facility supports Maalexi with its mission to strengthen global food security by simplifying cross-border agri-trade conducted on its cutting-edge, AI-powered risk […]
UAE-based healthtech BioSapien has extended its pre-Series A funding round to $7 million, joined by new investors like Golden Gate Ventures, marking the first deployment of its dedicated MENA Fund. Founded in 2018 by Khatija Ali, BioSapien offers a flagship product, MediChip™, which is a drug delivery, 3D-printed, slow-release delivery platform attachable to any tissue […]
UAE, January 27, 2025 – RetailHub, a UAE-based company specializing in AI-powered retail solutions, has announced the successful closure of a new funding round led by AngelSpark, an investment firm focused on supporting innovative startups in the region. The amount of funding remains undisclosed. RetailHub is renowned for its cutting-edge shelf analysis technologies that utilize […]
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 […]