Wamda

Egypt

Khazna lands $16 million pre-Series B to boost Saudi expansion

Egypt-based fintech Khazna has closed a $16 million pre-Series B funding round. The round saw participation from new and...

Khazna SANAD Fund Fintech

Saudi Arabia

Saudi AI startup vminds.ai secures six-figure pre-Seed

Saudi Arabia-based AI startup vminds.ai has closed a six-figure pre-Seed investment round from undisclosed angel investors. Founded by...

vminds.ai AI

U.A.E

Wamda Capital participates in qeen.ai’s $10 million Seed round

UAE-based AI startup qeen.ai has secured a $10 million Seed funding round, in one of the largest seed investments in the MENA region to...

AI qeen.ai Wamda Capital

Regional

MENA e-commerce grew by 30% in 2024, new report suggests

The MENA e-commerce market saw a 30%+ increase in online orders, with Saudi Arabia and the UAE leading in Gross Merchandise Value (GMV),...

E-commerce Flowwow Admitad

Saudi Arabia

Saudi Arabia’s Forus bags $60 million debt from Fasanara

Saudi Arabia-based P2P lending platform for SMEs Forus has secured $60 million in a credit facility from Fasanara...

Forus Fasanara Capital Fintech

Tunisia

Tunisian fintech EasyBank secures $370,000 investment

Tunisia-based fintech EasyBank has secured an investment of $370,000 from undisclosed investors. Founded in 2023 by...

EasyBank Fintech

U.A.E

Myne closes $2 million pre-seed led by Scene Holding

UAE-based fintech Myne has raised a $2 million pre-seed funding round, led by Scene Holding, followed by Raz Holding with participation...

Myne Scene Holding Plus VC

Egypt

Foundation Ventures concludes first close of $25 million fund

Egypt-based venture capital firm Foundation Ventures has announced the first close of its $25 million fund, FVFII, backed by the...

Foundation Ventures

Egypt

Simplex secures $13 million to propel Saudi expansion

Egypt-based CNC machine manufacturer Simplex has raised $13 million, led by Saudi Arabia's National Industrial Development...

Simplex

Saudi Arabia

Lendo secures $690 million facility from J.P. Morgan

Saudi Arabia-based fintech Lendo has secured a $690 million warehouse facility led by J.P. Morgan. Founded in 2019 by Osama...

Lendo J.P. Morgan Fintech

Saudi Arabia

Ebana closes $2.66 million in a pre-Series A

Saudi Arabia-based fintech Ebana has secured $2.66 million in a pre-Series A funding round, led by Esnad Legal Consulting and Business...

Ebana Fintech

Saudi Arabia

Ibtikar Fund backs Nabeeh with undisclosed investment

Saudi Arabia-based e-services platform Nabeeh has raised an undisclosed investment from Ibtikar Fund. Founded in Palestine in 2021 by...

Nabeeh Ibtikar Fund e-services

Egypt

Dsquares acquires majority stake in Prepit

Egypt-based loyalty and rewards solutions provider Dsquares has acquired a majority stake in the Egyptian B2B SaaS...

Dsquares Prepit

Saudi Arabia

Penny Software partners with NHC to revolutionise housing procurement

Press release: Penny Software, the digital procurement software, has signed a partnership with the National Housing Company (NHC) to...

Penny Software National Housing Company

Saudi Arabia

Saudi edtech UpLevel secures pre-Seed round

Saudi Arabia-based edtech UpLevel has raised an undisclosed pre-Seed funding round from a group of angel investors. Founded in 2024 by...

UpLevel EdTech

U.A.E

Silkhaus to fuel KSA expansion with seven-figure growth round

UAE-based proptech Silkhaus has closed a seven-figure growth round, led by Nuwa Capital and Oraseya Capital, with participation from...

Silkhaus Proptech

U.A.E

Maalexi secures $3 million debt facility from Citi

UAE-based Maalexi agriculture-focused fintech Maalexi has secured a $3 million debt finance facility from Citi. Founded in 2021 by...

Maalexi Citi Fintech

Egypt

Egypt’s Fincart secures pre-Seed round led by Plus VC

Egypt-based logistics startup Fincart.io has raised a pre-Seed funding round for an undisclosed amount, led by Plus VC and joined...

Fincart Plus VC logistic

U.A.E

BioSapien extends its pre-Series A round to $7 million

UAE-based healthtech BioSapien has extended its pre-Series A funding round to $7 million, joined by new investors like...

BioSapien healthtech Golden Gate Ventures

U.A.E

Angelspark backs Retailhub to turbocharge expansion in the UAE

UAE-based retail SaaS provider Retailhub has raised an investment from Angelspark for an undisclosed amount. Founded in 2022 by Daniel...

AngelSpark Retailhub

Egypt

Eyouth, EDT&Partners launch $6 million initiative to leverage tech skills in Africa

Egypt-based edtech Eyouth has partnered with Singapore-based global education consultancy EDT&Partners and launched a joint...

EYouth EDT&Partners

U.A.E

Pluto closes $4.1 million pre-Series A to drive KSA expansion

UAE-based fintech Pluto has raised a pre-Series A funding round at $4.1 million. The round is led by existing and new investors,...

Pluto Fintech Rhino Ventures

Regional

500 Global launches new MENA-focused fund

US-based VC firm 500 Global has launched the 500 MENA L.P. fund, dedicated to investing in high-growth technology startups across the...

500 Global

U.A.E

Ogram raises $3 million investment from Tenami Capital

UAE-based HRtech Ogram has secured a $3 million investment from Tenami Capital. Founded in 2017 by Karim Kouatly and Shafiq...

Ogram HRtech Tenami Capital

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