Cairo, Egypt – September 11, 2024: Paymob, a leading fintech company in the Middle East and North Africa (MENA), has announced the successful completion of a $22 million Series B extension round, bringing the total Series B funding to $72 million. The round was led by EBRD Venture Capital, with participation from Endeavor Catalyst, and […]
UAE-based fintech platform FlapKap has successfully raised $34 million in a funding round combining debt and equity, bringing its total funding to $37.6 million. The fundraising round was led by BECO Capital, with participation from new investor Pact VC. Existing backers, including A15, Nclude, and QED Investors, also joined the round, alongside debt financing provided […]
Cercli, a unified platform designed for MENA businesses to hire, manage, and pay their global workforce, has successfully raised $4 million in a seed funding round. The investment was led by Silicon Valley-based Afore Capital, marking the firm’s first foray into the MENA region, with the funds coming from its $150 million Fund III. This […]
Dubai, UAE – September 3, 2024 – Ziina, the UAE’s leading financial platform for consumers and businesses, has successfully raised $22 million in a Series A funding round, marking a significant milestone in its mission to transform financial services in the region. The round was led by US-based Altos Ventures, with participation from top-tier investors […]
Abu Dhabi, UAE – Hulexo, the Abu Dhabi-based award-winning ERP provider specializing in solutions for small and medium-sized retail stores, has successfully secured Seed investment from Arzan Venture Capital (Arzan VC). This investment underscores Arzan VC’s continued commitment to nurturing early-stage tech startups. Hulexo is the fourth company to receive backing from Arzan VC’s Fund […]
Dubai, UAE – Myco, a UAE-based Web3 streaming platform, has successfully completed the first closing of its Series A funding round, raising $10 million from a diverse group of prominent venture investors across MENA, North America, and Europe. The round was backed by key participants including Daman Investments, Aptos Labs, B Digital, Mocha Ventures, Art3 […]
Dubai, UAE – Yuze, a UAE-based FinTech company specializing in financial services for SMEs, e-traders, and freelancers, has successfully raised $30 million in a recent funding round led by Osten Investments. This substantial investment is set to drive Yuze’s ambitious expansion plans, with the company aiming to serve one million SME and professional customers within […]
Tether‘s Strategic Investment in Kem Signals a Major Step Forward for Digital Finance in the Gulf Region, Aiming to Enhance Financial Inclusion and Stability Kuwait City, Kuwait – [August 15, 2024] – Kem, the fastest-growing peer-to-peer (P2P) payment app in Kuwait, has secured a $3 million investment from Tether, the world’s largest stablecoin issuer and […]
Dubai, UAE—August 14, 2024—MealPlanet, a UAE-based meal plan startup, has successfully raised $6 million in a seed funding round, attracting significant investment from leading regional venture capital firms, including Middle East Venture Partners (MEVP), AlTouq Group, Sanabil 500, Faith Capital, and Alturki Ventures. Esteemed entrepreneurs Marc Lore and Samih Toukan also participated in the round, […]
Blockscout, the leading open-source block explorer for all EVM-based chains, has successfully closed a $3 million seed round led by 1kx. The funding round also saw participation from notable investors such as Primitive Ventures and Gnosis, along with angel investors including Evan Van Ness, Alex Svanevik, Kartik Talwar, Anton Bukov, and Stefan George. With this […]