RemotePass, the global employment, payroll, and spend platform founded in the UAE in 2021, has raised $17.4 million in Series B funding led by EBRD Venture Capital (EBRD), with participation from 500 Global and existing investors Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures. RemotePass is also backed by early-stage investors BECO Capital, […]
One of the largest private credit investments ever made into a GCC-born, founder-led consumer brand. Dubai, UAE – May 19, 2026: GymNation, the GCC’s fastest-growing gym operator, has secured a $100 million private credit facility from certain funds, entities and/or accounts managed, advised or controlled by HPS Investment Partners, LLC (“HPS”), part of BlackRock – […]
Tunisia-based insurtech startup EYST Technology has raised a six-figure investment from 216 Capital to accelerate its technological development and support international expansion. Founded in 2022 by Marwen Amamou, Antoine Vanoverberghe, and Arnaud Brodzki, EYST Technology develops a SaaS platform that enables insurers to modernise claims settlement through instantly issued virtual bank cards loaded with reimbursement […]
Jordan Capital and Investment Fund (JCIF) announced the official launch of Manara Ventures, a JOD 50 million (approximately USD 70.5 million) scale-up fund dedicated to supporting the growth of Jordan’s most promising technology and innovation focused companies. The fund also secured backing from regional institutional investors, including Abu Dhabi-based global investment firm, Lunate. Manara Ventures was […]
PlayReplay, an AI-powered intelligent court system for racquet sports, announced an investment from Alfvén & Didrikson (A&D). Leading this fundraise, A&D invests a total of USD 12 million alongside other investors, including Centre Court Capital, ExM Investment Partners, Charbe Partners, Crimson Sports Capital, and a fund managed by LionTree. PlayReplay offers real-time electronic line calling […]
eVoost AI, the Abu Dhabi-based proptech startup focused on AI-driven residential sales solutions, has raised $2.2 million (€2 million) in a funding round led by First Drop VC, with participation from Qora71, a syndicated investment vehicle linked to Hub71 and backed by Mubadala Investment Company. Founded in 2024 by Cristian Pastrana and Koh Onozawa, eVoost […]
Dubai-based food-tech platform launches with 1,000+ stores signed across 40+ leading F&B and grocery brands, backed by a heavyweight board of regional operators and investors. Peekabox, the UAE’s first surplus food marketplace, today announced the close of an oversubscribed $1.5 million seed round, backed by a roster of regional heavyweight investors and operators. Founded by […]
The Shariah-compliant digital bank is part of a growing wave of fintech startups building banking and payments services on top of blockchain and stablecoin rails. What to know: Fasset raised $51 million to expand its stablecoin-powered banking platform, with backing from Japan’s SBI Group, Investcorp and Turkey’s Arz Portföy. The Los Angeles-based startup uses stablecoins […]
Dubai, United Arab Emirates: RSA Cross-Border (RSA XB), a newly independent startup spun out from RSA Global, emerges from stealth with a $1.5M seed round to scale its software-first solution for cross-border e-commerce, with an initial focus on India-to-UK, India-to-Europe, and India-to-GCC corridors. The round was solely committed by 21 Ventures, who led and fully backed […]
TruKKer, the Middle East’s leading digital freight network, announced the successful closing of an inaugural trade receivables securitisation facility of up to US$300 million. Abu Dhabi Commercial Bank PJSC (ADCB) acted as the Sole Arranger and Sole Lender for the bespoke facility, which is backed by portfolios of trade receivables across the company’s operating geographies. A First-of-its-Kind Securitization […]