Wamda

Regional

Saudi fintech PayTabs acquires Turkey’s Paymes

Saudi Arabia-based fintech PayTabs, has fully acquired Turkish social commerce platform Paymes for an unknown amount. Under the terms...

paytabs Fintech Paymes

Regional

Revival Lab launches $40 million fintech-focused VC builder and fund

Saudi Arabia-based Revival Lab will establish “Fin-tactics Ventures", a venture builder specialised in fintech, insuretech...

Revival Lab Fin-tactics Ventures

Regional

Seedstars launches platform to develop VC managers in emerging markets

Switzerland-based Seedstars has launched its investment arm “Seedstars Capital” for emerging VC fund managers across the...

seedstars Venture Capital

Regional

Why hypergrowth is killing the talent pool

Reem M. Osman is the chief people officer at UAE-based nybl, an artificial intelligence startup Over the past couple of weeks, the tech...

talent

Regional

Savings: The app rewarding the masses

Over the past few years, several startups catering to the unbanked have emerged, targeting those who wish to gain access to basic financial...

Savings app financial inclusion loyalty

Regional

CONIX.AI raises $1.3 million pre-Seed round led by BIM Ventures

UK-based and Egypt-born design tech CONIX.AI has raised $1.3 million led by BIM Ventures, announcing the commencement of its commercial...

Conix

Regional

IFC launches $225 million platform to strengthen VC ecosystems in Africa, Middle East

World Bank-backed International Financial Corporation (IFC) has launched a $225 million platform to strengthen venture capital...

ifc Venture Capital

Regional

Modus launches $75 million Africa-focused fund

US-based and Mena-focused VC firm Modus, has launched a $75 million Modus Africa VC fund that will invest in African startups, led by...

Modus Venture Capital

Kuwait

Floward acquires perfumery brand Mubkhar

Floward, an online flower and gift delivery platform, has acquired perfumery brand Mubkhar. Originally set up in Kuwait in 2015,...

Floward

Regional

Mena startups raised $646 million in October 2022

Startups in the Middle East and North Africa region (Mena), have raised $646 million across 69 deals, taking the total raised so far this...

Investment

Regional

Middle East investors embrace crypto the traditional way

Matthew Clapp is the head of business development and asset management at EQONEX a Nasdaq-listed digital assets financial services...

cryptocurrency

Kuwait

Kuwaiti fintech Ruba raises pre-Seed round

Kuwait-based fintech startup Ruba, has raised an undisclosed amount in pre-Seed funding. Founded in 2021 by Ameen Nadoom, Fawaz...

Ruba Fintech

Regional

Behind the scenes of the POSRocket acquisition [Part 2]

In January 2022, Saudi Arabia-based fintech and foodtech startup Foodics announced it had acquired Jordan-based point of sale provider...

Foodics posrocket

Regional

Gitex: embracing a "phygital" future

Ask anyone who attended Gitex this year about their experience, you will be met with one of two responses - either an excited...

GITEX North Star

Regional

The gender gap in startup investment

Almost two thirds of female founders believe that Middle East and North Africa (Mena) based investors are less likely than global investors...

women entrepreneurs Investment

Regional

Mena startups raised $173 million in September 2022

Startups in Mena raised $173 million across 51 deals as investment levels continue to decline this year. This marks a 54 per cent drop...

Investment

Regional

ZenHR raises $10 million growth round

Saudi Arabia-based HR software provider ZenHR, has raised a $10 million growth round, led by Rua Growth Fund with the participation of...

ZenHR human resources HR solutions

Regional

An essential guide to ESOPs

A. Overview Wamda and Clara have teamed up to bring you, startup founders, this essential guide to employee share option plans (commonly...

ESOP Clara

Regional

Behind the scenes of the POSRocket acquisition

In January 2022, Saudi Arabia-based fintech and foodtech startup Foodics announced it had acquired Jordan-based point of sale provider...

acquisition Exit posrocket

Regional

How has Majid Al Futtaim’s approach to startups changed?

As a large corporate, Majid Al Futtaim (MAF) was ahead of the curve when it came to engaging with startups. The Mall of the Emirates...

Majid Al Futtaim Holding Majid Al Futtaim Launchpad corporates

Regional

Does Mena need to pay greater attention to developments in AI?

Artificial intelligence (AI) has permeated through almost every industry and sector, changing our daily interactions with technology...

Artificial intelligence

Regional

Omgyno, Siira, Maternally win the Organon and Flat6Labs’ Femtech Accelerator awards

Three femtech startups: Omgyno, Siira and Maternally have been named the winners of Organon and Flat6Labs’ FemTech Accelerator...

Flat6Labs Organon femtech

Regional

Mena startups raised $378 million in August 2022

Startups in the Middle East and North Africa region (Mena) raised $378 million across 33 deals, a 260 per cent increase in funding value...

Investment and acquisitions

Regional

Can the Mena region be a leader in inclusive capital?

Regie Mauricio is the research manager at the Legatum Centre for Development and Entrepreneurship at MIT. Dina H. Sherif is the...

unicorns Careem Mafia

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