Wamda

Egypt

IFC invests $5 million in Egypt’s Disruptech fund

The International Finance Corporation (IFC), a member of the World Bank Group, has pledged a $5 million investment in Disruptech...

ifc Disruptech Fintech

U.A.E

QFIL Solutions raises $1 million in pre-Seed investment

UAE-based fintech QFIL Solutions has raised $1 million in pre-Seed investment, through an unidentified fintech investment...

QFIL Fintech

Egypt

Egypt’s Nexta secures $2.2 million pre-Seed round

Egypt-based fintech Nexta has raised a $2.2 million pre-Seed funding round, led by Disruptech with participation from some international...

Nexta Fintech Disruptech

U.A.E

tabby raises $54 million from Sequoia Capital India and STV

UAE-based buy now pay later (BNPL) tabby, has raised $54 million led by Sequoia Capital India and STV, with additional participation...

Tabby BNPL Fintech

U.A.E

Alaan raises $2.5 million Seed round

UAE-based fintech Alaan has raised $2.5 million in Seed funding, led by 468 Capital, Global Founders Capital and Presight Capital with...

Alaan Fintech

Saudi Arabia

Saudi-based Funding Souq raises $2.5 million Seed

Saudi Arabia-based crowdfunding platform Funding Souq, has raised a $2.5 million Seed round with participation from angel investors...

Fintech Crowdfunding

Saudi Arabia

Saudi fintech EdfaPay raises $1.6 million pre-Seed round

Saudi Arabia-based fintech EdfaPay has raised $1.6 million in a pre-Seed investment round, led by Nuwa capital, InspireUs VC, Wallan...

EdfaPay Nuwa capital Fintech

Egypt

Egypt ratifies its Fintech Act

Egypt has ratified its Fintech Act, which regulates the work of fintech companies in Egypt. As per the new regulations, the...

Egypt Fintech

Egypt

Egypt fintech Thndr raises $20 million in Series A

Egypt-based fintech Thndr has raised $20 million in a Series A round co-led by Tiger Global, BECO Capital and Prosus Ventures with...

Thndr Fintech

Saudi Arabia

Tamawal raises $1.1 million pre-Seed round for its digital brokerage platform

Saudi-based fintech Tamawal has raised $1.1 million in a pre-Seed round led by MRK, with participation from 500...

Fintech

Saudi Arabia

Saudi fintech SiFi closes pre-Seed round led by Khwarizmi Ventures

Saudi Arabia-based fintech Simplified Financial Solutions Company (SiFi) has raised an undisclosed pre-Seed round led by Khwarizmi...

Fintech expenses

U.A.E

Datacultr raises $1 million Seed

UAE-based fintech has raised a $1 million Seed funding round, led by London-based Sturgeon Capital, along with Seedstars...

Fintech

U.A.E

Qlub raises $17 million Seed round

UAE-headquartered fintech Qlub has raised a $17 million Seed round, co-led by Cherry Ventures and Point Nine, with participation...

Fintech

Morocco

Morocco’s Chari raises bridge round

Morocco-based B2B e-commerce and fintech startup Chari, has closed an undisclosed bridge round led by the Saudi-based venture capital...

Chari Fintech

Egypt

Fawry to raise $50.8 million growth capital, explores a US Listing

Cairo-based fintech Fawry plans to raise $50.8 million of growth capital through a rights issue to existing shareholders, to be used to...

fawry Fintech

Palestine

Fintech: A force for financial inclusion in Palestine

Majd Zghyer is the strategy officer at uMake, an entrepreneurship support organisation (ESO) based in Ramallah, Palestine. This year has...

Fintech financial inclusion

Egypt

Egypt’s Sympl raises $6 million Seed round

Cairo-based fintech Sympl, has raised a $6 million Seed round. The fundraising was led by Beco Capital, along with A15...

Sympl Fintech

Saudi Arabia

Lamaa secures $5.5 million Seed round co-led by Wa’ed

Riyadh-based fintech Lamaa has secured a $5.5 million Seed round led by Raed Ventures and Saudi Aramco’s entrepreneurship arm,...

Lamaa Fintech

Egypt

Egypt's fintech KlickIt closes its first round of funding

Egypt-based fintech KlickIt, has raised its first round of funding led by EFG Finance and Camel Ventures, the venture capital arm...

Fintech

U.A.E

UAE fintech LNDDO raises $3 million Seed round

UAE-based B2B fintech LNDDO has raised a $3 million Seed round backed by a network of investors led by H.H Sheikh Tahnoon Bin Shakhboot...

LNDDO Fintech

Regional

VentureSouq launches $50 million fund

GCC-based VC firm VentureSouq has launched the $50 million Mena FinTech Fund I, aiming to invest in early-stage fintech and SaaS...

VentureSouq Fintech

Saudi Arabia

Rasan raises $24 million for its Tameeni insurance platform

Saudi Arabia-based insurtech startup Rasan has raised SAR 90 million ($24 million) for its Tameeni platform in a round led by Impact46,...

Rasan Insurtech Fintech

Egypt

Fintech KIWE closes first financing round led by dfin Holding

Egypt-based fintech KIWE has raised its first investment round, led by dfin Holding with participation from EFG Hermes, Marakez for...

Fintech money transfer

U.A.E

Wamda participates in Verity's $800,000 pre-Seed round

UAE-based financial literacy startup Verity, has closed a $800,000 pre-Seed round, backed by regional venture capital firms,...

Verity Fintech financial literacy

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