Wamda

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

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

Oman

Snoonu acquires Oman’s Akeed

Qatar-based super app Snoonu, has acquired Oman’s food delivery platform Akeed for an undisclosed sum. Founded in 2019 by Hamad...

Snoonu Akeed

Jordan

US’ Novajax acquires Jordan's Jobedu

Jordan-based fashion brand Jobedu has been acquired by the US-based Web3 platform Novajax, for an unknown sum. Founded in 2007 by...

Novajax Jobedu Fashion

Egypt

Gooo Delivery raises pre-Seed round

Egypt-based on-demand delivery startup Gooo Delivery has closed a pre-Seed round. The amount raised was not disclosed. Founded in 2020...

Gooo Delivery Delivery

Saudi Arabia

STC, Alibaba to launch Alibaba Cloud in Saudi Arabia

Saudi Arabia’s national telecoms provider STC Group has partnered with China’s Alibaba Group to establish Alibaba Cloud for...

STC Alibaba Alibaba Cloud

Saudi Arabia

iStoria raises pre-Seed round from Nama Ventures

Saudi Arabia-based edtech iStoria has raised an undisclosed pre-Seed funding round from Nama Ventures. Founded in August 2020 by...

iStoria Nama Ventures

Tunisia

216 Capital Ventures raises $9.6 million for first close of its fund

Tunisia-based VC firm 216 Capital Ventures has raised $9.6 million in the first tranche of its 216 Capital Fund, of which $6.4...

212 Capital

Morocco

Morocco’s Cloudfret raises $1 million to back expansion

Morocco-based SaaS startup Cloudfret, has raised a $1 million round, led by Plug and Play, PRC Ventures ICAV, Azur Innovation Fund,...

Cloudfret

Egypt

Natrify raises pre-Seed round to develop biodegradable plastics

Egypt-based biotechnology startup Natrify, has raised a six-figure pre-Seed round from Ambo ventures, a recently launched,...

Natrify

Egypt

Dstny acquires Egypt-founded Tactful AI

Belgium-based business communications provider Dstny, has acquired Egypt and UK-based Tactful AI for an undisclosed sum. Founded in...

Tactful AI

Egypt

Egypt’s Esaal raises $1.7 million Seed

Egypt-based healthtech startup Esaal, has raised a $1.7 million Seed round from A15 to scale its operations across its home market as...

Esaal

U.A.E

Crypto edtech Coinmarketpedia raises $2 million pre-Seed round

UAE-based decentralised crypto and blockchain educational platform Coinmarketpedia, has raised $2 million in a pre-Seed round. The...

Coinmarketpedia Cryptocurrencies Blockchain

Saudi Arabia

RedBox closes $5 million pre-Series A round

Saudi Arabia-based logistics startup RedBox has raised $5 million in a pre-Series A investment round, led by RAAF Holding Company and...

Red Box Last mile smart locker

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