Wamda

Saudi Arabia

Shaker Group acquires 10% stake in Cashew

UAE-based fintech Cashew has raised an undisclosed investment from Saudi company Shaker Group, for a 10% stake. Founded in 2019 by...

Cashew Shaker Group Fintech

U.A.E

Secondaries and liquidity: The investor’s access and the founder’s dream

Zuhair Shamma is the co-founder of UAE-based Zest, an equity management platform Have you ever wondered why we were able to...

Zest secondary market

Egypt

Camel Ventures launches $16 million fund to back fintech in Egypt

Egypt-based Camel Ventures has launched a $16 million VC investment vehicle “Camel Ventures for Investment I (CVI)”. The...

Camel Ventures Fintech CVI

U.A.E

Credable closes $2.5 million Seed round led by Acasia Ventures

UAE-based fintech Credable has closed a $2.5 million Seed round led by Ventures Platform and Egypt-based VC firm Acasia Ventures...

Credable Acasia Ventures Fintech

Saudi Arabia

SVC launches $80 million VC fund to back fintech in KSA

Saudi Venture Capital Company (SVC) has launched an $80 million Investment in Fintech VC Fund, in partnership with the Capital Market...

SVC Fintech Saudi Arabia

Saudi Arabia

Tamara raises $150 million debt financing from Goldman Sachs

Saudi Arabia-based fintech Tamara, has closed a $150 million debt financing round from Goldman Sachs, bringing the startup’s total...

Tamara Fintech Goldman Sachs

U.A.E

UAE’s Sav raises $750,000 pre-Seed round

UAE-based fintech startup Sav has raised a $750,000 pre-Seed round led by angel investors. Founded in late 2021, Sav is designed to...

Sav

Saudi Arabia

Amwal raises $2.5 million pre-Seed round

Saudi Arabia-based fintech Amwal has secured $2.5 million in a pre-Seed round co-led by Shorooq Partners and Outliers Venture Capital...

Outliers Venture Capital Shorooq Partners Amwal

Saudi Arabia

Open banking in Mena: Shifting gears and making strides

Abdulla Almoayed is the founder and CEO of open banking platform Tarabut Gateway The Middle East and North Africa (Mena) region is now...

Open banking Fintech

Egypt

tabby halts operations in Egypt

UAE-based buy now and pay later (BNPL) startup tabby, has shut down its operations in Egypt five months after launching its service in the...

Tabby Fintech BNPL

Egypt

Hollydesk raises $1 million venture debt

Egypt-based fintech Hollydesk has raised $1 million in venture debt financing from unknown investors. Founded in 2020 by Mahmoud...

Hollydesk Fintech

Saudi Arabia

Hala acquires UAE fintech Paymennt.com

Saudi Arabia-based fintech Hala has acquired UAE-based fintech Paymennt.com, previously called PointCheckout, for an unknown...

Hala Paymennt.com M&A

Regional

Wafeq: the fintech catering to regional standards

It was in 2018 when Nadim Alameddine was preparing to file his first ever tax return that the idea for an accounting software came to him....

Wafeq Fintech

Saudi Arabia

Aion Digital raises $5 million bridge round led by Fintactics Ventures

Bahrain-based fintech Aion Digital has raised $5 million in a bridge round led by Fintactics Ventures, a $40 million fintech-focused...

Aion

Morocco

Moroccan fintech Gwala secures pre-Seed funding

Morocco-based fintech startup Gwala has raised an undisclosed pre-Seed round. Gwala was founded in 2022 by Mossaab Abaouz, with the...

Gwala

U.A.E

Holo secures seven-figure Seed round

UAE-based fintech Holo has announced a seven-figure Seed round, led by Saudi Arabia’s Watheeq Proptech Venture and Hambro Perks...

Holo mortgage Fintech

Egypt

Egypt’s MNT-Halan raises $400 million at valuation of $1 billion

Egypt-based fintech MNT-Halan has raised up to $400 million in equity and debt financing from local and global investors. The round...

MNT-Halan Fintech Chimera Capital

U.A.E

Wafeq raises $3 million Seed led by Raed Ventures with participation from Wamda Capital

UAE-based fintech Wafeq, has raised $3 million in a Seed round led by Raed Ventures with participation from Wamda...

Wafeq seed Wamda Capital

Regional

How is fintech evolving beyond digital payments?

Armin Moradi, is the co-founder and CEO at Qashio, a UAE-based spend management platform Numerous challenges faced by businesses...

Qashio

U.A.E

Tabby raises $58 million Series C from Sequoia Capital India, STV and PayPal Ventures

UAE-based fintech Tabby, has raised $58 million in a Series C round from Sequoia Capital India, STV and PayPal Ventures, Mubadala...

Fintech Buy now pay later BNPL

U.A.E

B2B fintech Alaan raises $4.5 million pre-Series A round

UAE-based B2B fintech Alaan, has raised $4.5 million in a pre-Series A round, backed by Presight Capital, Y Combinator, and angel...

Alaan Presight Capital Y Combinator

Regional

What is next for Careem's mobility of money?

Careem remains one of the Middle East’s biggest success stories, inspiring a legion of entrepreneurs and generating one of the...

Careem Pay careem Fintech

Saudi Arabia

Crowdfunding platform Manafa secures $28 million Series A round

Saudi Arabia-based fintech Manafa, has closed its Series A funding of $28 million (SAR106 million), led by STV and Wa’ed Ventures,...

Manafa Wa'ed Vnetures Series A

Regional

Saudi fintech PayTabs acquires Turkey’s Paymes

Saudi Arabia-based fintech PayTabs, has fully acquired Turkish social commerce platform Paymes for an unknown amount. Under the terms...

paytabs Fintech Paymes

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