Wamda

Global

Derayah VC invests in Pakistan’s Bazaar

Saudi Arabia-based Derayah Venture Capital has invested in Pakistan-based business to business (B2B) e-commerce platform Bazaar’s...

Bazar b2b ecommerce

Saudi Arabia

Jada to invest in Merak Capital

Source: Saudi Gazette Jada Fund of Funds Wednesday made an official commitment to Merak Technology Ventures Fund, which focuses on...

Jada Fund of Funds Merak Capital early stage funding

Saudi Arabia

Businesses in Saudi Arabia are showing signs of recovery, with some big winners

By Khalid Suleimani and Loulwa Bakr, senior partners at Chrome Advisory Some of the most optimistic people did not expect to...

sme Retail

Saudi Arabia

Saudi Arabia’s SAMA issues open banking policy

SAMA, Saudi Arabia’s Central Bank has today announced its intent to launch an open banking regulatory framework in the kingdom. In...

Open banking

Saudi Arabia

Ejaro raises $850,000 seed round

Saudi Arabia-based peer-to-peer (P2P) vehicle sharing platform Ejaro, has raised a $850,000 (SAR 3.2 million) seed round, led by Saudi...

Ejaro car sharing car rental

Saudi Arabia

NearPay raises $600,000 pre-seed

Saudi Arabia-based financial technology (fintech) startup NearPay, has raised a $600,000 (SAR 2.2 million) pre-seed round, led by Saudi...

NearPay Angel Investment Fintech

Saudi Arabia

Qoyod raises $2.1 million in Series A

Saudi Arabia-based software-as-a-service (SaaS) platform Qoyod, has secured $2.1 million in a Series A round led by Merak Capital, with...

SAAS accounting software Qoyod

Saudi Arabia

Salasa raises $8.6 million in Series A

Saudi Arabia-based e-commerce enablement startup Salasa, has raised $8.6 million (SAR 32 million) in a Series A round, led by AlSulaiman...

Salasa e-commerce enablement Series A

Saudi Arabia

Wadi Makkah invests in Bab Makkah and Tarteel

Saudi Arabia-based Wadi Makkah Ventures has invested 250,000 SAR ($65,000) in a pre-Series A round for Bab Makkah, as well as SAR 200,000...

Wadi Makkah Bab Makkah ecommerce

Saudi Arabia

Morni raises $9.1 million in Series B

Saudi Arabia-based mobility solutions platform Morni, has raised SAR34.3 million ($9.1 million) in a Series B funding round, led by GSquare...

Morni Mobility solutions series B

Global

Wahed Invest acquires UK digital banking app Niya

Source: Reuters Wahed Inc, a U.S.-based Islamic-finance fintech startup backed by Saudi Aramco, will acquire Niyah Ltd, a British...

Wahed Islamic economy Aramco

Saudi Arabia

QVM raises seed funding

Saudi Arabia-based QVM has raised an undisclosed Seed round led by Awab Holding Company with additional participation from angel...

قطع غيار السيارات QMV

Global

Saudi Aramco Energy Ventures invests in US-based Dragos

Source: TechCrunch Cybersecurity firm Dragos has raised $110 million in its Series C, almost triple the amount that it raised two...

Dragos cybersecurity Saudi Aramco Energy Ventures

Saudi Arabia

tabby raises $23 million in Series A

UAE-founded Buy Now Pay Later (BNPL) provider tabby has raised Series A financing round of $23 million in debt and equity led by...

Tabby Fintech

Saudi Arabia

The Saudi accelerator removing roadblocks for women

By May Rostom For reasons ranging from cultural or self-imposed barriers to age-old beliefs, sex-role stereotyping has proved one of the...

accelerator

Global

MiSK Foundation buys 33.3% of Japan’s SNK for SAR 813 million

Source: Argaam The Mohammed bin Salman Foundation (MiSK) acquired a 33.3% stake in SNK Corporation, a Japanese video game...

SNK Acqusition video games

Saudi Arabia

Salla raises $8.5 million in Series A

Saudi Arabia-based e-commerce Salla, has closed a SAR32 million ($8.5 million) Series A round led by STV, with participation from existing...

Salla Series A

Saudi Arabia

Western Union buys $200 million stake in STC Pay

Source: Bloomberg Western Union Co. acquired a 15% stake in stc pay, a unit of Saudi Telecom Co. that’s focused on...

Western Union STC Pay Fintech

Saudi Arabia

Immensa Technology acquires Saudi-based Shakl3D and LayLabs

UAE-based 3D printing solution provider Immensa Technology Labs, has acquired two Saudi Arabia-based companies: Shakl3D and LayLabs. The...

Immensa Technology 3Dprinting

Egypt

Wuilt raises $535,000 seed

Egypt-based software as a service (SaaS) startup Wuilt, has raised a $535,000 seed round from UK-based MENA Technology Fund, DAAL VC along...

SAAS Wuilt Flat6Labs Cairo

Saudi Arabia

Vision Ventures invests in RedBox

Saudi Arabia-based venture capital (VC) firm Vision Ventures has invested in smart locker startup RedBox. The announcement was made earlier...

Vision ventures RedBox smart locker

Saudi Arabia

Jada Fund of Funds company invests in Alpha Capital

Source: Saudi 24 news “Jada” Fund of Funds Company, which is one of the Public Investment Fund companies, has signed a...

Alpha Capital Jada Fund of Funds smes

Saudi Arabia

FOODICS launches micro-lending fund to support SMEs in F&B sector

Saudi Arabia-based food and beverages (F&B) retail and restaurant management platform FOODICS, has officially launched its micro...

Foodics f&b Micro-lending

Saudi Arabia

$20 billion investment target set for Saudi national AI strategy

Source: Carrington Malin The Saudi national AI strategy was announced at the virtual Global AI Summit by Saudi Data and Artificial...

Artificial intelligence Saudi Data and Artificial Intelligence Authority (SDAIA) National Strategy for Data & AI (NSDAI)

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