Wamda

Egypt

Egypt launches digital payments system InstaPay

The Central Bank of Egypt (CBE) has applied an open banking system by launching the InstaPay application, a national system for instant...

InstaPay Open banking

Pakistan

Shorooq Partners invests in Pakistan-based COLABS

Shorooq Partners has invested in Pakistan-based COLABS’ $3 million seed round which was led by Indus Valley Capital, Zayn...

COLABS Shorooq Partners

Egypt

Sequence Ventures to invest in 10 startups through $8 million Deep-Tech fund

Egypt-based VC Sequence Ventures, is planning to invest $8 million (EGP150 million) in 10 tech companies this year via its Egypt...

Sequence Ventures Deep-Tech Fund

Pakistan

Saudi Sary expands to Pakistan with investment in B2B e-commerce Jugnu

Saudi Arabia-based e-commerce platform Sary, has expanded to Pakistan, by leading the investment round in Pakistan-based B2B e-commerce...

SARY Jugnu E-commerce

U.A.E

Cypher Capital launches $100 million blockchain-focused fund

UAE-based Cypher Capital has launched a $100 million VC fund to invest in startups in blockchain, crypto and other digital assets. The...

U.A.E

Shorooq Partners launches $150 million fund to back early-stage startups

UAE-based venture capital firm Shorooq Partners has launched Bedaya Fund II, a $150 million VC fund aimed at investing in early-stage...

Shorooq Partners

U.A.E

SHUAA Capital launches $250 million venture debt fund

SHUAA Capital has launched SHUAA Venture Partners, a $250 million Shari’ah fund focused on venture debt...

Shuaa Capital SHUAA Venture Partners

U.A.E

Hub71 startups have raised $408 million since 2019

Startups based in Abu Dhabi's tech ecosystem Hub71, have raised Dh1.5 billion ($408 million) in funding since 2019. The aggregate...

uae Hub71 Start-up

Jordan

Jordan's Ahli Fintech invests $190,000 in InvoiceQ

Jordan Ahli Bank's accelerator Ahli Fintech, has invested $190,000 in Jordan-based fintech InvoiceQ, after the startup...

InvoiceQ

Saudi Arabia

Carasti expands to KSA following $2 million bridge round

UAE-based mobility platform Carasti, has announced its expansion to Saudi Arabia following a $2 million bridge round from Net Ventures...

Carasti

Saudi Arabia

Saudi fintech Arib raises $2.3 million Seed

Saudi Arabia-based fintech Arib, has raised $2.3 million in a Seed round, led by Merak Capital, with participation from angel...

Saudi Arabia fin-tech

U.A.E

SHUAA Capital acquires majority stake in Souqalmal

UAE-based investment firm SHUAA Capital has acquired a majority stake in UAE-based fintech Souqalmal for an undisclosed amount. SHUAA is...

Shuaa Capital

U.A.E

Visual content production Flashy raises $400,000 pre-Seed round

UAE-based SaaS visual content platform Flashy, has raised $400,000 in a pre-Seed round from a group of regional and international...

Flashly

Egypt

Three Egyptian banks launch $85 million MEA-focused fintech fund

Three major Egyptian banks have launched a fintech fund in partnership with Global Ventures. Banque Misr, National Bank of Egypt, and...

Khazna Nclude Mozare3

Egypt

Lucky raises $25 million to grow its rewards app

Egypt-based fintech app Lucky, has raised $25 million in a Series A round led by the recently-launched fintech VC fund Nclude, with...

Lucky app

Global

SWVL to invest $15 million to scale its operations in Argentina

Dubai-based mobility startup SWVL announced that it will invest up to $15 million to ramp up its operations in the Argentinian...

Swvl

Saudi Arabia

COFE acquires Saudi Arabia's Kaffeen

UAE-based online coffee marketplace COFE App has acquired Saudi Arabian app Kaffeen, as it looks to fuel its regional...

Kaffeen COFE

Egypt

LooliaCloset, SohatiCare expand to Egypt

Lebanon-based beauty e-commerce marketplaces SohatiCare and LooliaCloset announced the expansion of their services to the Egyptian...

LooliaCloset SohatiCare

Egypt

Fitness app Welnes raises $300,000 Seed round

Egypt-based fitness app Welnes, has closed a $300,000 Seed round led by Flat6labs with participation from Samurai Incubate, UI...

Welness fitness Flat6Labs

Egypt

IFC invests $5 million in Egypt’s Disruptech fund

The International Finance Corporation (IFC), a member of the World Bank Group, has pledged a $5 million investment in Disruptech...

ifc Disruptech Fintech

U.A.E

Laundry app justclean raises $6 million investment

Kuwait-based cleaning marketplace justclean has raised $6 million in a round led by Gulf Investment Corporation (GIC) with participation...

Justclean Gulf Investment Corporation GIC

Egypt

Astute acquires Egypt's DilenyTech

Astute, a US-based imaging-guided therapy provider has acquired Egypt-based healthtech startup and AI-powered screening provider...

DilenyTech

Jordan

Five startups graduate from Flat6Labs Seed programme in Jordan

Five Jordanian startups have graduated from the Flat6Labs Amman Seed programme, with each receiving $112,000 in funding. These...

Flat6Labs

Saudi Arabia

Malaa Technologies raises $1.7 million Seed round

Saudi Arabia-based fintech Malaa Technologies, has raised $1.7 million in its Seed round with participation from Impact46, Khawarizmi...

Malaa Impact46 Khawarizmi

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