Grintafy, a Jeddah-based football talent discovery platform has signed an exclusive partnership with the English football club West Ham United. As a result of the multi-year partnership, the Saudi startup will help West Ham United discover football talent from all around the world. The platform connects amateur football players with scouts and professional clubs through ... Read more ›
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Saudi B2B ecommerce marketplace Sary has raised $30.5 million in a Series B round led by VentureSouq, it announced today. The round was also joined by Silicon Valley’s Rocketship.vc, STV, and returning investors Raed Ventures, MSA Capital, and Derayah VC. It takes Sary’s total investment raised so far to over $37 million, making it one ... Read more ›
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Riyadh-headquartered B2B ecommerce marketplace Retailo has raised $6.7 million in the largest seed-round-ever for a Saudi startup, it announced today. The deal comes just seven months after Retailo raised $2.3 million in what was one of the largest pre-seed rounds of the region. The seed round that takes Retailo’s total financing to date to $9 ... Read more ›
380
Flextock, a Cairo-based ecommerce logistics startup has raised $3.25 million in the largest pre-seed round of the Middle East & North Africa. The investment came from a mix of international and regional investors – including Foundation Ventures, MSA Capital, CRE Venture Capital, Alter Global, Jameel Investment Management Company, B&Y Venture Partners, Access Bridge Ventures, and ... Read more ›
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Karachi-based fintech CreditBook has raised $1.5 million in a seed round, it told MENAbytes today. The investment came from a mix of local and international investors, with Pakistan’s BitRate VC and Dubai-based VentureSouq leading the round. Better Tomorrow Ventures, Ratio Ventures, and Toy Ventures participated in the round, marking their first investment in Pakistan. Quiet ... Read more ›
21
Tunisian-French SaaS startup Expensya has raised $20 million in fresh funds from Paris-based MAIF Avenir and Amman-based Silicon Badia, it announced in a statement on Thursday. The Series B round takes Expensya’s total raise to date to over $25 million, making it the best-funded Tunisian startup and one of the best-funded SaaS startups of the ... Read more ›
3
Riyadh-headquartered nine-month-old buy now pay later platform Tamara has raised $110 million in a Series A round led by leading global payment processor Checkout.com, it announced today. The round is comprised of debt and equity and comes just four months after the Saudi fintech raised $6 million in the country’s largest seed round. According to ... Read more ›
0
Dubai-based online mortgage platform Huspy has raised seed funding in a round led by Athens-based VentureFriends, it announced in a statement earlier this week. Beco Capital’s former managing partner Amir Farha also participated in the deal (through his new firm COTU) along with B&Y Venture Partners, Plug and Play, and some family offices from the ... Read more ›
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Karachi-based B2B ecommerce marketplace Bazaar has launched Easy Khata, a new mobile app that helps retailers manage their ledger and accounting. The app that was launched a little over a month ago has already onboarded over 100,000 active merchants from 400 cities and towns of Pakistan. Within days of its launch, Easy Khata went viral, ... Read more ›
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NowPay is a Cairo-based financial wellness platform that offers salary advances to corporate employees. It was one of the two fintechs that were part of Y Combinator’s most recent batch. Launched in 2019, NowPay is led by Mostafa Ashour who co-founded the company with Ahmed Sabry. The company today serves a variety of businesses – ... Read more ›
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Ahmed Sabbah, the co-founder and former Chief Technology Officer who left the Egyptian transportation startup last month is back with his new gig: Telda, a fintech that wants to change how Gen Z in the Middle East spends their money. Launched earlier this week in Egypt, Telda allows users to sign up for a digital ... Read more ›
3
Karachi-based trucking marketplace Truck It In has raised $1.5 million in a pre-seed round led by Global Founders Capital, it announced in a statement today. The round which is one of the largest pre-seed investments raised by a startup in the Middle East, North Africa & Pakistan, also saw the participation of Fatima Gobi Ventures, ... Read more ›
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Cairo-based fintech Paymob has closed $18.5 million in a Series A round led by Global Ventures, it announced today. The round includes $15 million in fresh capital and $3.5 million that came as its first tranche in July 2020. A15 and FMO, the Dutch entrepreneurial development bank, also participated in the deal. It is the ... Read more ›
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The global online payments company Stripe has finally made its way to the Middle East. It announced its official launch in the United Arab Emirates with the opening of its office in Dubai Internet City, on Tuesday. The launch comes after the introduction of its private beta in the country a few months ago. Stripe’s ... Read more ›
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Lahore-based edtech Edkasa has raised $320,000 in pre-seed funding led by i2i Ventures, it told MENAbytes today. The round was closed a few months ago but has been announced today. It also includes the participation of Walled City Co, Zayn Capital, and ‘strategic angel investors’ from Southeast Asia. Edkasa has also announced the launch of ... Read more ›
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Boutiqaat, the leading Kuwaiti beauty ecommerce platform has been acquitted in the money laundering case, it announced today. The case was dismissed by public prosecution after finding no evidence of money laundering or illicit activity. Boutiqaat had been under investigation for money laundering since July last year. Its local bank accounts also remained frozen for ... Read more ›
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Cairo-based Sawari Ventures has closed its Egyptian fund with new commitments of $28 million (EGP 440 million) from Misr Insurance Group, Kuwait Investment Authority’s Ekuity, National Bank of Egypt, Banque Misr, Banque du Caire, and Suez Canal Bank, it announced today. The fund had previously closed $41 million (EGP 650 million) from European Investment Bank ... Read more ›
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Product sampling is one of the most popular tools used by marketers to acquire customers and test their products. It helps brands give users a taste and feel of the product by providing free samples. The problem, however, with product sampling is that even today, brands have to rely on offline channels to do it ... Read more ›
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Amman-based edtech Abwaab has raised $5.1 million in a seed round, it announced today. The investment came from 4DX Ventures, Beco Capital, EQ2 Ventures, Foundation Ventures, GSV Ventures, and Spartech Ventures. It comes a year after Abwaab raised $2.4 million in what was the region’s largest pre-seed round of the time. Founded in 2019 by ... Read more ›
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Dubai-based fintech Now Money has raised $7 million in a fund round led by Anthemis Exponential Ventures, it announced today. The round was also joined by Knuru Capital, Wamda, Commercial Bank of Dubai, DIFC FinTech Fund, Accion Venture Lab, Greenhouse Capital, and Hambro Perks’ Oryx Fund. Founded in 2016 by Ian Dillon and Katharine Budd, ... Read more ›
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27.11.2024 10:46
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