Saudi Arabia Saudi fintech Arib raises $2.3 million Seed Saudi Arabia-based fintech Arib, has raised $2.3 million in a Seed round, led by Merak Capital, with participation from angel... News • 21 March, 2022 Saudi Arabia fin-tech
U.A.E SHUAA Capital acquires majority stake in Souqalmal UAE-based investment firm SHUAA Capital has acquired a majority stake in UAE-based fintech Souqalmal for an undisclosed amount. SHUAA is... News • 21 March, 2022 Shuaa Capital
U.A.E Visual content production Flashy raises $400,000 pre-Seed round UAE-based SaaS visual content platform Flashy, has raised $400,000 in a pre-Seed round from a group of regional and international... News • 21 March, 2022 Flashly
Egypt Three Egyptian banks launch $85 million MEA-focused fintech fund Three major Egyptian banks have launched a fintech fund in partnership with Global Ventures. Banque Misr, National Bank of Egypt, and... News • 20 March, 2022 Khazna Nclude Mozare3
Egypt Lucky raises $25 million to grow its rewards app Egypt-based fintech app Lucky, has raised $25 million in a Series A round led by the recently-launched fintech VC fund Nclude, with... News • 20 March, 2022 Lucky app
U.A.E Metaverse startup Eikonikos raises $2 million pre-Seed round UAE-based metaverse startup Eikonikos has raised a $2 million pre-Seed round led by angel investors. Founded by Mohamed Vasif,... News • 17 March, 2022 metaverse
Global SWVL to invest $15 million to scale its operations in Argentina Dubai-based mobility startup SWVL announced that it will invest up to $15 million to ramp up its operations in the Argentinian... News • 17 March, 2022 Swvl
Saudi Arabia COFE acquires Saudi Arabia's Kaffeen UAE-based online coffee marketplace COFE App has acquired Saudi Arabian app Kaffeen, as it looks to fuel its regional... News • 17 March, 2022 Kaffeen COFE
Egypt LooliaCloset, SohatiCare expand to Egypt Lebanon-based beauty e-commerce marketplaces SohatiCare and LooliaCloset announced the expansion of their services to the Egyptian... News • 17 March, 2022 LooliaCloset SohatiCare
Iraq Agritech Nakhla receives funding from Euphrates Ventures Iraq-based agritech startup Nakhla has closed a six-figure investment round from Euphrates Ventures. The investment was facilitated by... News • 17 March, 2022 Nakhla
Egypt Fitness app Welnes raises $300,000 Seed round Egypt-based fitness app Welnes, has closed a $300,000 Seed round led by Flat6labs with participation from Samurai Incubate, UI... News • 16 March, 2022 Welness fitness Flat6Labs
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... News • 16 March, 2022 ifc Disruptech Fintech
U.A.E Laundry app justclean raises $6 million investment Kuwait-based cleaning marketplace justclean has raised $6 million in a round led by Gulf Investment Corporation (GIC) with participation... News • 16 March, 2022 Justclean Gulf Investment Corporation GIC
U.A.E UAE fintech Encore Pay raises $1.5 million UAE-based fintech Encore Pay has raised a $1.5 million Seed round led by GreenHouse Capital (GHC). Founded in 2017 by Imran Saeed,... News • 16 March, 2022 Encore Pay
Egypt Astute acquires Egypt's DilenyTech Astute, a US-based imaging-guided therapy provider has acquired Egypt-based healthtech startup and AI-powered screening provider... News • 16 March, 2022 DilenyTech
Jordan Five startups graduate from Flat6Labs Seed programme in Jordan Five Jordanian startups have graduated from the Flat6Labs Amman Seed programme, with each receiving $112,000 in funding. These... News • 16 March, 2022 Flat6Labs
