Wamda

Saudi Arabia

Salla acquires Sweply, rebrands it as “Salla Ads”

Saudi Arabia-based SaaS provider Salla has entered into an agreement to acquire Sweply, an innovative Saudi digital advertising...

Salla Sweply SAAS

U.A.E

VISARUN.AI secures $700,000 in a pre-Seed round

UAE-based visa-as-a-service platform VISARUN.AI has raised $700,000 in pre-seed funding from unnamed angel investors. Founded in...

VISARUN.AI

Morocco

Beltone VC invests in Morocco’s LNKO to drive expansion across Africa

Egypt-based Beltone Venture Capital, the VC arm of Beltone Holding, has invested in Morocco’s LNKO for an undisclosed...

Beltone Venture Capital LNKO E-commerce

U.A.E

UAE's fintech Yuze expands to India

Press release: Yuze, a UAE-based fully digital business banking platform, is set to expand its operations to India in the second...

Yuze Fintech

Qatar

QIA’s $1 billion fund of funds kicks off with Investment in Rasmal Ventures

Qatar-based VC firm Rasmal Ventures LLC has secured funding from Qatar Investment Authority (QIA) as part of its Fund of Funds...

Qatar Investment Authority QIA Rasmal Ventures

Regional

Meta AI officially launches in the MENA region

Meta AI officially launches in the MENA region Fully available in the UAE, Saudi Arabia, Egypt, Morocco, and Iraq—with more...

Meta AI Facebook

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

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