Wamda

Egypt

DXwand raises $1 million pre-Series A round

Egypt-based AI startup DXwand has closed a pre-Series A investment round of $1 million, led by Huashan Capital, US-based VC firm SOSV,...

DXwand AI Huashan Capital

Global

Chari acquires Ivory Coast startup Diago

Morocco-based B2B e-commerce and fintech startup Chari, has acquired Diago, an Ivorian app that connects local shops to FMCG producers...

Chari

Tunisia

GOMYCODE raises $8 million Series A round with participation from Wamda

Wamda has invested in Tunisia-based edtech GOMYCODE’s $8 million Series A round, led by France’s Proparco and AfricaInvest...

GoMyCode

Egypt

ADVA secures six-figure Seed round from Sawari Ventures

Egypt-based fintech ADVA has raised an undisclosed "six-digit figure" Seed round from Sawari Ventures. Founded in 2020 by...

ADVA

U.A.E

Dukkantek expands to six new markets

UAE-based store management platform Dukkantek, has expanded to six additional markets besides the UAE, including Kuwait, Qatar, Bahrain,...

Dukkantek

Jordan

ADQ and Jordan’s Ministry of Digital Economy and Entrepreneurship launch $100 million tech fund

Abu Dhabi’s ADQ has launched a $100 million tech-focused venture capital fund with the Ministry of Digital Economy and...

investment fund

Global

Kuwait’s AlMuhlab leads Gamiphy’s $1.5 million pre-Series A round

Kuwait-based Al Muhalab VC has led a $1.5 million pre-Series A round for Palestine-born and US-headquartered SaaS startup Gamiphy. The...

Gamiphy

U.A.E

UAE fintech NymCard raises $22.5 million

UAE-based Banking as-a-Service (BaaS) provider NymCard, has raised $22.5 million in a venture round, led by DisruptAD, Reciprocal...

NymCard DisruptAD Baas

U.A.E

Majid Al Futtaim launches new accelerator to support regional SMEs

UAE-based retail group Majid Al Futtaim and AstroLabs have launched Majid Al Futtaim Launchpad, an accelerator programme that aims to...

Majid Al Futtaim Astrolabs accelerator

Iraq

Lebanese delivery app toters raises $18 million Series B round

Lebanon-based super app toters, has raised $18 million in a Series B round from International Finance Corporation (IFC), March...

toters ifc

Egypt

Egypt’s Nice Deer raises $1 million pre-Seed round

Egypt-based insurtech Nice Deer has raised a $1 million pre-Seed funding round led by DisrupTech Ventures. Founded in early 2022 by...

Nice Deer Insurtech healthtech

Egypt

valU expands to Saudi market through partnership with Alhokair

Egypt-based fintech valU, has extended its services to Saudi Arabia through a partnership with FAS Labs, owned by Fawaz Abdulaziz...

valu BNPL Alhokair

U.A.E

Dirwaza Curatorial Lab launches microfund for creative access

UAE-based incubator Dirwaza Curatorial Lab has launched The Dirwaza Microfund for Creative Access targeting creative practitioners in...

Dirwaza Curatorial Lab Microfund

Morocco

Moroccan fintech WafR raises $455,000

Morocco-based fintech and rewards startup WafR, has raised $455,00 in a round led by Launch Africa Ventures, First Circle Capital,...

WafR

Saudi Arabia

Hyperpay raises $36.7 million led by Mastercard

KSA-based fintech HyperPay has raised $36.7 million in a funding round led by Mastercard, with participation from Amwal Capital Partners...

hyperpay MasterCard

Egypt

Egypt’s Appetito acquires Tunisia’s Lamma

Egypt-based q-commerce Appetito has acquired Tunisia’s Lamma to expand operations in Morocco, Tunisia and West Africa for an...

Appetito Lamma q-commerce

U.A.E

Pure Harvest Smart Farms acquires BayWa's interest in agritech venture

UAE-based agritech Pure Harvest Smart Farms is forming an alliance with Al Dahra Group by acquiring BaWa’s controlling interest...

Pure Harvest Smart Farms agritech acquisition

Egypt

Grubtech expands to Egypt

UAE-headquartered foodtech startup Grubtech, has announced its expansion to Egypt, planning to invest $5 million into operations over...

GrubTech

U.A.E

UAE’s Alpha Waves invests in India’s Cuemath

UAE-based Alpha Wave has invested in Indian edtech Cuemath, as part of its recent fundraising estimate at $57 million, alongside other...

Cuemath Alpha Wave

U.A.E

UAE’s Augustus Media acquires CamPlus Sports

UAE-based Augustus Media has acquired CamPlus Sports, the Dubai-based sports system integrator, that portrays live matches and on-demand...

Augustus Media CamPlus

Saudi Arabia

Tarabut Gateway partners with four Saudi banks as open banking nears

Bahrain founded and UAE-based open banking platform Tarabut Gateway has partnered with four banks in Saudi Arabia, including Riyad Bank,...

Tarabut Gateway Open banking

Egypt

Egypt’s CASF invests in South Africa’s Finclusion Group

Egypt-based micro VC fund The Cairo Angels Syndicate Fund (CASF) has invested an undisclosed amount in the South Africa-based fintech...

CASF Cairo Angels Syndicate Fund Fincusion Group

U.A.E

UAE’s Cypher Capital invests in Spain’s Iomob

Dubai-based blockchain-focused VC firm Cypher Capital, has invested in Spain-based decentralised marketplace, Iomob. Founded in 2018...

Cypher Capital Iomob

Global

SWVL to lay off 32 per cent of its workforce, expects to turn profitable in 2023

Egypt-born and Dubai-headquartered mobility startup SWVL, announced plans to reduce its workforce by 32 per cent. The planned layoffs...

Swvl

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