Riyadh, Saudi Arabia — OCTA, a fintech startup dedicated to transforming accounts receivable management for small and medium-sized enterprises (SMEs), has successfully closed a $2.25 million USD pre-seed funding round. The round was co-led by Quona Capital and Sadu Capital, with participation from Sukna Ventures, Plus VC, 500 Global, and notable angel investors, including Pawel […]
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 […]
Singapore, National Pulse, a strategic management company from the United Arab Emirates, has announced an investment in Singapore-based payment solutions provider Aleta Planet. Financial details of the investment were not disclosed. Aleta Planet revealed that this investment will facilitate its expansion into the UAE, the Middle East, and Africa, enabling it to offer cross-border payment […]
Dubai, UAE – Watermelon Ecosystem, a rapidly growing startup transforming the food and beverage (F&B) industry, has successfully closed its $4 million Series A funding round. The new investment, which grants investors a 13.8% capital shareholding, implies a post-money valuation of $29 million for the company. This follows a successful seed round concluded in 2022. […]
Abu Dhabi, UAE – Stride Ventures, a leading global venture debt firm based in India, has announced a significant milestone in its international strategy with its first venture debt investment in the Gulf Cooperation Council (GCC) region. The firm is committing USD 1 million to Maalexi, a dynamic risk management platform, as part of a […]
Dubai, UAE – July 25, 2024– Mamo, a pioneering fintech startup based in the United Arab Emirates, has successfully completed a $3.4 million funding round. This round was led by existing investor 4DX Ventures and the Dubai Future District Fund (DFDF), with participation from Cyfr Capital. The newly secured funds will fuel Mamo’s mission to […]
Pathfinder, a trailblazer in retail technology solutions, has announced a significant investment of $325 million from Silver Rock Group. This equity line of credit is set to coincide with Pathfinder’s upcoming listing on NASDAQ in Q4 2024, marking a critical phase in the company’s expansion and innovation journey. Investment Details and Strategic Purpose Silver Rock […]
Dubai, UAE – July 18, 2024 – Ogram, a leading provider of flexible staffing solutions, has successfully closed its latest expansion round in the Kingdom of Saudi Arabia (KSA). The round was led by Oraseya Capital, the venture capital arm of Dubai Integrated Economic Zones Authority (DIEZ). This marks Oraseya’s second investment in Ogram, solidifying […]