Saudi Arabia Saudi Arabia's Finance Ministry grants licenses for STC Bank and Saudi Digital Bank Saudi Arabia's Finance Ministry has granted licenses for the Kingdom's first digital banks; STC and Saudi Digital Bank - both... News • 24 June, 2021 Fintech digital banks
Egypt zVendo, PayTabs Egypt, valU collaborate to launch Baraka Group's first online shopping platform Egypt-based e-commerce enabler zVendo, e-payment solution providers PayTabs Egypt, and EFG Hermes-backed valU are collaborating to... News • 24 June, 2021 zVendo paytabs EFG Hermes
Egypt MNT enters share swap deal with super app Halan Netherlands-based MNT Investments BV has entered a share swap agreement with Egypt-based super app Halan. The deal is expected to... News • 24 June, 2021 Halan super app BNPL
Palestine EIB backs Palestinian startups with a $50 million grant to Bank of Palestine The European Investment Bank (EIB) announced a $50 million grant to the Bank of Palestine to support the Palestinian private... News • 24 June, 2021 palestine smes EIB
U.A.E Alma Health receives investment from Oryx Fund Abu Dhabi-based healthtech startup Alma Health has secured investment led by Hambro Perks’ Oryx Fund, alongside strategic angel... News • 23 June, 2021 uae healthtech Alma Health
Saudi Arabia Swvl expands to Saudi Arabia Egypt-founded mass transportation startup Swvl, has expanded to Saudi Arabia to serve the corporate and business sector. The... News • 22 June, 2021 Swvl Saudi Arabia Egypt
U.A.E tabby raises $50 million in debt financing from Partners for Growth Dubai-based buy now pay later (BNPL) startup tabby has raised $50 million in debt financing from Partners for Growth. Founded... News • 22 June, 2021 BNPL Tabby
Saudi Arabia NearMotion receives follow-on investment from Wa’ed Saudi Arabia-based digital mapping and navigation startup NearMotion has received follow-on investment from Aramco’s... News • 21 June, 2021 NearMotion Navigation ksa
Saudi Arabia Saudi fintech Tweeq closes funding round led by STV, Raed Ventures Riyadh-based fintech platform Tweeq has raised an undisclosed funding round, co-led by STV and Raed Ventures. Founded in 2020 by... News • 21 June, 2021 Fintech Tweeq
Regional Watheeq launches $26.7 million proptech fund Saudi Arabia-based investment management and financial advisory company Watheeq Financial Services, has launched SAR 100 million ($26.7... News • 21 June, 2021 Proptech Watheeq
Egypt Egypt's Trella raises $42 million in debt and equity Cairo-based digital freight marketplace Trella has raised $42 million in a funding round comprising $30 million in new equity and... News • 21 June, 2021 Trella Egypt
Egypt Egypt-based autotech app “Oddigo” expands to UAE Egypt-based autotech startup “Odiggo” has expanded to the UAE, after launching in Saudi Arabia. Founded in 2019... News • 20 June, 2021 Oddigo autotech
Global Localized raises $2.2 million Seed round US-headquartered Localized, a platform that connects job seekers in the Middle East and North Africa (Mena) region with local and... News • 20 June, 2021 Localized Job listing seed
U.A.E Beehive receives Dh30 million in grant from EDB to finance UAE SMEs UAE institutional investor, Emirates Development Bank (EDB) has granted peer-to-peer (P2P) lending platform Beehive, Dh30 million... News • 20 June, 2021 beehive EDB p2p
U.A.E The Luxury Closet raises $14 million UAE-based The Luxury Closet has raised $14 million in a round led by GMP Investments, with participation from regional and... News • 20 June, 2021 The Luxury Closet
Lebanon BASMA raises $3 million Series A round to scale operations in Mena and GCC Lebanon-founded direct-to-consumer (D2C) digital dental startup BASMA, has raised a $3 million Series A funding round, led by... News • 16 June, 2021 Basma digital healthcare Series A
