Wamda

Saudi Arabia

Lean raises $33 million in round led by Sequoia Capital

Saudi Arabia-based fintech Lean Technologies has raised $33 million in a Series A round led by Sequoia Capital India, marking the US...

Lean Technologies Open banking Sequoia Capital

Bahrain

Rain raises $110 million in Series B funding co-led by Paradigm and Kleiner Perkins

Bahrain-based cryptocurrency exchange Rain, has raised $110 million in its Series B funding round co-led by Paradigm and Kleiner Perkins...

cryptocurrency rain

Qatar

Qatar Investment Authority invests in Checkout.com’s $1 billion Series D round

Qatar Investment Authority (QIA) has contributed to the $1 billion Series D round raised by Checkout.com at a valuation of $40 billion,...

Qatar Investment Authority Checkout.com

Saudi Arabia

FOODICS acquires Jordan's POSRocket

Saudi Arabia-based fintech and foodtech startup FOODICS has fully acquired the Jordan-based POS service provider POSRocket for an...

Foodics posrocket

Palestine

Fintech: A force for financial inclusion in Palestine

Majd Zghyer is the strategy officer at uMake, an entrepreneurship support organisation (ESO) based in Ramallah, Palestine. This year has...

Fintech financial inclusion

U.A.E

SimpliFi raises $5.1 million in funding to enhance its technology

UAE-based Cards as a Service (CaaS) platform for Mena and Pakistan SimpliFi, has raised $5.1 million in funding, from Global Founders...

SimpliFi CaaS Ra'ed Ventures

Egypt

Egypt’s Sympl raises $6 million Seed round

Cairo-based fintech Sympl, has raised a $6 million Seed round. The fundraising was led by Beco Capital, along with A15...

Sympl Fintech

Saudi Arabia

NQOODLET raises $1 million in pre-Seed

Riyadh-based fintech NQOODLET, has raised $1 million in its pre-Seed round led by angel investor Yaser Alghamdi, with...

Saudi Arabia NQOODLET

Saudi Arabia

Lamaa secures $5.5 million Seed round co-led by Wa’ed

Riyadh-based fintech Lamaa has secured a $5.5 million Seed round led by Raed Ventures and Saudi Aramco’s entrepreneurship arm,...

Lamaa Fintech

U.A.E

Cashfree pumps $15 million equity investment into UAE’s Telr

India-based payments and API banking solutions company, Cashfree Payments has allocated an equity investment of $15 million in Telr, a...

Cashfree Telr

Saudi Arabia

Raseed closes $1.1 million investment round led by Impact46

UAE-based investment platform Raseed has raised $1.1 million in a pre-Seed round led by Impact46 with participation from Oqal Angel...

Raseed Impact46

Egypt

Egypt’s Hollydesk raises $325,000 pre-Seed round

Cairo-based fintech Hollydesk has closed a $325,000 pre-Seed investment round from angel investor Faisal Abdel Salam and other...

Hollydesk fin-tech

U.A.E

UAE fintech LNDDO raises $3 million Seed round

UAE-based B2B fintech LNDDO has raised a $3 million Seed round backed by a network of investors led by H.H Sheikh Tahnoon Bin Shakhboot...

LNDDO Fintech

Regional

VentureSouq launches $50 million fund

GCC-based VC firm VentureSouq has launched the $50 million Mena FinTech Fund I, aiming to invest in early-stage fintech and SaaS...

VentureSouq Fintech

Morocco

Chari: The next step in digitising the baqala

At almost every corner or block in a Middle East and North Africa (Mena) city stands a baqala, or small grocer, typically independent,...

Chari.ma

Saudi Arabia

Rasan raises $24 million for its Tameeni insurance platform

Saudi Arabia-based insurtech startup Rasan has raised SAR 90 million ($24 million) for its Tameeni platform in a round led by Impact46,...

Rasan Insurtech Fintech

U.A.E

Nomod raises $3.4 million seed round at $50m valuation to accelerate growth

UAE-based fintech Nomod, has raised a $3.4 million Seed round with participation from Y Combinator, Global Founders Capital Kingsway...

Nomod YCombinator

Regional

How open banking is changing the payments landscape in Mena

Abdulla Almoayed is the founder and CEO of open banking platform Tarabut Gateway, which recently closed a $12 million pre-Series A round...

Open banking Tarabut Gateway

U.A.E

Wamda participates in Verity's $800,000 pre-Seed round

UAE-based financial literacy startup Verity, has closed a $800,000 pre-Seed round, backed by regional venture capital firms,...

Verity Fintech financial literacy

Bahrain

Bahrain’s CoinMena secures $9.5 million Seed round

Bahrain-based crypto exchange CoinMena has raised $9.5 million in its first Seed funding round, from Beco Capital, Kenetic, Arab Bank...

CoinMena cryptocurrency

Regional

The startup fighting for open finance in Mena

Mirna Sleiman is on a mission to revolutionise the Middle East’s banking and financial sector. Having spent more than eight years...

open finance Open banking Fintech Galaxy

Bahrain

Tarabut Gateway raises $12 million pre-Series A led by Tiger Global

UAE-based open banking platform Tarabut Gateway has raised $12 million in a pre-Series A round led by Tiger Global, alongside new...

Fintech Open banking Tarabut Gateway

U.A.E

Fintech Galaxy closes $2 million Seed funding

UAE-based Fintech Galaxy has raised $2 million in a Seed funding round, led by Jordan’s Ahli Fintech and joined by Raz Holding...

Fintech Galaxy Fintech

Morocco

Chari.ma raises $5 million Seed round

Morocco-based fintech and B2B e-commerce Chari.ma has raised a $5 million Seed round at a valuation of $70 million, co-led by...

Chari.ma B2B e-commerce

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