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MENA Digest: Dubai’s YAP, Fuse, Egyptian startup InfiniLink get funding
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4m ago
Medial
Dubai's digital banking platform YAP secured $41 million for Middle Eastern and African expansion. Founded in 2021, YAP offers digital banking solutions and aims to enter markets like Saudi Arabia and Pakistan. Fuse, another Dubai fintech startup, raised $6.6 million for cross-border payment infrastructure, offering virtual IBANs for international businesses. Egypt's InfiniLink raised $10 million to develop optical data connectivity chips, supporting AI-driven data centers with advanced Silicon Photonics technology.
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MENA Digest: Egyptian startups lead funding activity
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1y ago
Medial
MENA Digest: Egyptian fintech startups Swypex and MNZL garnered the most funding in the region, amidst a slow week for deals. Both startups secured seed funding. Meanwhile, UAE-based Edtech startup SecureMyScholarship closed a bridge round. Overall, funding activity was relatively low in the MENA region during this period.
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MENA Digest: Egypt's Sprints, Bahrain's Ahlan raise funds, dealmaking slows down
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1y ago
Medial
During the week, dealmaking in the MENA region slowed down due to Ramadan. However, there were some notable fundraises, including Egyptian edtech startup Sprints and Bahrain-based loyalty program and delivery platform Ahlan App. Other important deals during the month included additional funding for Saudi foodtech player Barakah and Egyptian healthtech companies.
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MENA Digest: Voice technology startup Intella, edutech firms Jeel, El Kheta raise funds
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1y ago
Medial
Egyptian voice technology startup Intella was the leading recipient of funding in the MENA region, while overall investment activity was relatively low. Other startups that secured investment include Saudi edutainment platform Jeel and Egyptian edtech player El Kheta. Notable investment activity in June included Saudi Arabian online grocery platform Nana Direct and UAE-based e-commerce platform Riskified.
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MENA Digest: Connect Money leads fundraising; Smpl Holdings sets up VC fund
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1y ago
Medial
Egyptian fintech startup Connect Money raised $8 million in seed funding, leading fundraising activities in the MENA region. Other startups that secured funding include UAE-based B2B payments platform Comfi and Iraq-based food delivery app Alsaree3. Additionally, Smpl Holdings established a venture capital fund.
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MENA Digest: UAE’s WEE Marketplace raises $10 mn, three Egyptian startups secure funding
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1y ago
Medial
Funding activity in the MENA region saw a boost this week, with UAE-based e-commerce startup WEE Marketplace securing $10 million in funding. Additionally, three Egyptian startups - Bokra, blueworks, and Waffarha - also secured funding. The investments highlight the growing interest in startups and emerging tech companies in the region.
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MENA Digest: Egyptian startups lead funding rounds this week
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1y ago
Medial
Egyptian startups took the lead in funding rounds in the Middle East and North Africa (MENA) region this week. Three tech-based companies, Synapse Analytics, Cartona, and Educatly, secured funding to support their expansion plans. Additionally, MNT-Halan, an Egyptian fintech company, achieved unicorn status with its recent funding round. The surge in funding highlights the growing interest and support for startups in Egypt's vibrant tech ecosystem.
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MENA Digest: Egypt’s Mrkoon, UAE’s BILRS, FanTV secure funding
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5m ago
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Funding activity in the Middle East and North Africa (MENA) region recently slowed due to Ramadan, but several startups still secured early-stage funding. Egyptian platform Mrkoon got bridge funding for regional expansion, while UAE’s BILRS and FanTV secured funding for technological growth and AI enhancement, respectively. Additionally, UAE’s Talabat Holding acquired Instashop for $32 million to boost its regional grocery and retail offerings. MENA startups saw significant funding growth in February with $494 million raised across 58 deals.
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MENA Digest: Egypt's Nawy, Saudi startup WakeCap bag big Series A cheques
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2m ago
Medial
Nawy, an Egyptian proptech startup, raised $52 million in Series A funding led by Partech, alongside $23 million in debt financing, to enhance its tech stack and expand regionally. Saudi Arabian startup WakeCap secured $28 million in Series A funding for geographical expansion and to improve its construction site management technology. Additionally, Saudi Arabia-based Kilow and UAE-based AqlanX received seed investments to expand their healthtech and AI-driven business automation services, respectively, reflecting a vibrant funding scene in the MENA region.
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MENA Digest: Aanaab, Nowlun, Enakl, Playgama lead funding activity this week
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8m ago
Medial
Saudi Arabian edtech platform Aanaab raised $7 million in Series A funding to expand its operations and offer more training programs. Egyptian digital freight forwarding platform Nowlun secured $1.7 million in seed funding for expansion. Moroccan mobility startup Enakl received $1.4 million in pre-Seed funding to support its growth. UAE-based gametech startup Playgama raised $3 million to scale its business and introduce advanced analytics and fintech solutions. Funding activity in the MENA region has been active, with eyewear retailer Eyewa recently raising $100 million in a Series C round.
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MENA Digest: Basserah, nybl merge; The Cloud, gaming startups raise funds
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1y ago
Medial
During the past week, the Middle East and North Africa (MENA) region experienced increased dealmaking activity. Notable events include the merger of UAE machine learning startup Nylb with Riyadh-based data automation firm Basserah. Additionally, several early-stage startups secured funding, such as gaming platforms Exverse and GameCentric. The Cloud, an Abu Dhabi-based cloud kitchen startup, raised funds for expansion in Europe. Furthermore, Egyptian venture capital firm Sawari Ventures plans to launch a $150 million fund for startup investments in various sectors.
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