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Cairo-based food discovery, ordering, and delivery platform Elmenus has raised $10 million in fresh funds (pre-Series C), from leading Egyptian payments firm Fawry, it announced in a statement today. New York-based hedge fund Luxor Capital, and Egyptian property developer Marakez, also participated in the deal. Luxor has previously backed companies like Zomato, Glovo, and Gopuff. ...
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I laughed out loud the first time I saw a folding phone. The contraptions, which debuted when the Samsung Galaxy Fold hit the market in 2019, are smartphones with bendable screens. You can fold them in half and put them in your pocket. That first Galaxy Fold was huge, heavy, cost nearly $2,000, and looked […] Read more ›
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Slack is using AI to help business users quickly understand confusing company language and concentrate on their most important tasks. The communication platform announced that it will “soon” be adding a feature that explains workplace jargon, and an AI writing assistant for Slack canvases that automates repetitive writing tasks like summarizing conversations and note-taking. The […] Read more ›
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Apple is expected to launch a new foldable iPhone next year, based on multiple rumors and credible sources. The long-awaited device has been rumored for years now, but signs increasingly suggest that 2026 could indeed be the year that Apple releases its first foldable device. Below, we've collated the key details that have been leaked about Apple's foldable iPhone so far. Overall Design Book-Style According to Bloomberg's Mark Gurman, Apple's... Read more ›
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Cairo-based fintech Valu has received initial regulatory approval from Jordan’s central bank to launch its Buy Now, Pay Later (BNPL) service in the country, marking the company’s first expansion beyond its home market and a signal of its broader regional ambitions. The entry into Jordan comes on the heels of Valu’s recent listing on the ... Read more ›
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Noon has launched geo-targeted ads on the back of its delivery riders through a new partnership with Flyby, a UAE-based company that produces digital smart boxes for fleets, the company announced on Thursday. The rollout includes hundreds of Noon riders across the UAE, equipped with Flyby’s “Digital Delivery Boxes.” These internet-connected screens display static ads ... Read more ›
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Riyadh-based embedded insurance platform Yasmina has raised $2 million in a seed funding round led by Scene Holding, with participation from Access Bridge Ventures, Arzan VC, and early backing from Sanabil Investment Accelerator by 500 MENA, it announced today. Founded in 2023 by Masoud Alhelou and Bashar Abalkhail, Yasmina positions itself as Saudi Arabia’s first ... Read more ›
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Saudi-based alternative investment platform Sukna Capital has secured regulatory approval to launch a first-of-its-kind open-ended direct financing fund targeting SMEs in the region. The Sukna Fund for Direct Financing (SFDF), now greenlit by Saudi Arabia’s Capital Market Authority (CMA), will allow institutional investors to deploy non-dilutive, sharia-compliant capital to small and mid-sized businesses. Unlike typical ... Read more ›
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Lucidya, the Riyadh-headquartered customer experience management platform, has closed a $30 million Series B round. The round was led by Impact46, with participation from Aramco’s investment arm Wa’ed Ventures, government-backed Takamol Ventures, and SparkLabs. Existing investors Rua Growth Fund and ARG participated in the round. The startup previously raised $6 million in a funding round ... Read more ›
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Palm, an Egyptian fintech focused on goal-based saving, has raised over $1 million in a pre-seed round led by 4DX Ventures, with participation from Plus VC and a group of international angels, it announced today. The exact size of the round was not disclosed Founded in 2024 by Mazen El Kerdany and Ahmed Ashour, Palm ... Read more ›
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Casablanca-headquartered Ora has raised $7.5 million in Series A funding to scale its two core consumer platforms: food delivery app Kooul and mobile wallet Ora Cash. The round was led by Azur Innovation Fund, joined by three strategic local investors, and brings the company’s total local fundraising to $11.9 million since January 2023. Founded in ... Read more ›
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17.07.2025 09:04
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