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MENA Digest: Saudi, UAE and Qatari fintech startups lead funding activity
VCCircle
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2m ago
Medial
Fintech startups in the Middle East and North Africa are experiencing significant funding activity, led by companies from Saudi Arabia, the UAE, and Qatar. Saudi Arabian platform Stitch raised $10 million for expansion, UAE fintech Qashio secured $19.8 million for Saudi Arabian entry, and Qatar’s PayLater received investment to enhance operations. Additionally, UAE's Gainz and Saudi's BirdEye also garnered funding for growth, reflecting a dynamic fintech landscape in the region.
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MENA Digest: Egyptian startups lead funding activity
VCCircle
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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: Lean Tech, UnifyApps lead funding activity; overall mop-up falls in Oct
VCCircle
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8m ago
Medial
Startup funding in the Middle East and North Africa (MENA) region saw notable activity with two prominent investment deals. Saudi fintech infrastructure platform, Lean Technologies, secured a high double-digit Series B funding, while UAE-based SaaS provider, UnifyApps, raised investment. However, the overall funding activity in the region declined in October.
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MENA Digest: Voice technology startup Intella, edutech firms Jeel, El Kheta raise funds
VCCircle
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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: BioSapien, Ebana, five others nab funding cheques
VCCircle
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6m ago
Medial
The Middle East and North Africa saw significant early-stage funding activity, with startups in UAE, Saudi Arabia, and Egypt securing investments. Key deals include Saudi fintech Ebana's $2.66M and UAE healthtech BioSapien's $7M funding. Egyptian logistics platform Fincart and Saudi edtech UpLevel also received funds, while Egyptian Dsquares acquired a stake in Prepit. Other notable fundraisers include UAE's Maalexi and Silkhaus, and Saudi services platform Nabeeh, all aiming to expand operations and enhance their offerings.
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MENA Digest: UAE startups lead weekly funding; investment activity slows in June
VCCircle
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1y ago
Medial
During the week, three UAE-based startups secured venture capital funding, while overall investment activity in the MENA region slowed down in June. Revibe, a refurbished electronics marketplace startup, led the funding with a Series A round. Additionally, agri fintech startup Maalexi also secured funding.
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MENA Digest: Saudi Arabia's Mush Social, UAE's Brand IO raise early-stage funds
VCCircle
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9m ago
Medial
This week in the MENA region, early-stage venture capital deals were prominent in startup investment activity. Saudi Arabian social media startup Mush Social and UAE-based branding startup Brand IO raised pre-seed and seed funding respectively. Proptech company Ayen based in Saudi Arabia also announced an acquisition.
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MENA Digest: UAE’s SaaS startup Seez leads funding activity this week
VCCircle
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10m ago
Medial
UAE-based automotive SaaS startup Seez has secured growth capital funding from international investors to support its geographical expansion plans. Additionally, Algerian ed-tech startup LabLabee and Saudi vacation property rental startup Darent have both secured seed funding. Seez's funding round leads the fundraising activity in the MENA region this week.
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MENA Digest: Fintechs lead fundraising this week; VC investment falls in August
VCCircle
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10m ago
Medial
Fintech startups dominated venture capital fundraising in the MENA region this week, with Egyptian digital payments provider Paymob and UAE-based fintech FlapKap securing funding. However, VC investment in startups fell by 76% in August compared to July, with $83 million raised across 30 deals. Paymob raised $22 million in a Series B extension round, while FlapKap raised $34 million in pre-Series A funding. Other startups receiving funding included cloud kitchen IO Kitchens in Oman and proptech startup HissaTech in Saudi Arabia.
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MENA Digest: Global Ventures-backed Abhi leads fundraising this week
VCCircle
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9m ago
Medial
Abhi, a UAE fintech startup supported by Global Ventures and VentureSouq, took the lead in fundraising activities in the MENA region this week. The company secured debt funding to support its expansion plans. Additionally, other startups like WellPal, AILA, and Moroccan proptech also successfully raised capital during this period.
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MENA Digest: Saudi firm CoreVision buys VeFund; MoneyHash, Hayi get funding
VCCircle
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1y ago
Medial
Saudi firm CoreVision made headlines in the MENA region as it acquired startup investment facilitator VeFund. Fintech platform MoneyHash secured $4.5 million in seed funding, while UAE-based social platform Hayi raised an undisclosed amount of funding. Other startups that received funding include travel tech platform The Digital Hotelier, AI tech company Camb AI, proptech platform Rize, and cloud kitchen startup The Cloud. Additionally, Dubai-based COTU Ventures closed its debut investment vehicle, raising $54 million to support startups in the region. Overall, it was an active week in terms of funding and investments in the MENA tech ecosystem.
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