News from MENAbytes

Abu Dhabi fintech NymCard receives in-principle approval from FSRA to provide money services

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Zubair Naeem Paracha @ MENAbytes · 08/16/2020 06:03 EDT

NymCard, an Abu Dhabi-based card issuing and processing platform has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market, it announced in a statement to MENAbytes today. The startup enables financial institutions, banks, and fintechs to build virtual card programs for their customers. Started in 2018 in ... Read more ›

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Singapore’s High Output Ventures launches an early-stage fund to invest in Pakistani startups

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Zubair Naeem Paracha @ MENAbytes · 08/12/2020 22:00 EDT

High Output Ventures, a Singapore-based venture studio has launched an early-stage fund to invest in Pakistani startups, it told MENAbytes today. The fund is setting up an accelerator program called HOV Accelerate that will connect the selected Pakistani entrepreneurs to global mentors and provide them with the money to scale their companies. HOV is not ... Read more ›

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Opinion: Digital marketing in the post-Covid-19 Egypt

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Omar El Sabh @ MENAbytes · 08/12/2020 12:13 EDT

Covid-19 has caused businesses in Egypt to face some glaring conclusions, the rush that many organizations have gone through, big and small, B2B or B2C, to digitalize their entire workforce and production processes has placed value now more than ever on a demand for professionals who understand digital transformation and marketing that’s based on performance ... Read more ›

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Egyptian payments startup Paymob raises $3.5 million to fuel its regional expansion

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Zubair Naeem Paracha @ MENAbytes · 08/11/2020 03:46 EDT

Cairo-based payment startup Paymob has raised $3.5 million investment in a round led by Dubai’s Global Ventures and Dutch Entrepreneurial Development Bank FMO with the participation of existing investor A15, it announced in a statement today to MENAbytes. Founded in 2015 by Islam Shawky, Alain El Hajj and Mostafa El Menessy, Paymob enables online and ... Read more ›

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Dubai’s Eyewa raises $2.5 million in fresh funds to grow its online eyewear platform

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Zubair Naeem Paracha @ MENAbytes · 08/11/2020 00:39 EDT

Eyewa, a Dubai-based online eyewear retailer has raised $2.5 million in a pre-Series B round from Nuwa Capital, Wamda, and EQ2 Ventures, the startup announced today. The round takes total investment raised so far by Eyewa to over $11 million. It had raised $7.5 million in a Series A in April 2019 led by Wamda ... Read more ›

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Egypt’s Glamera raises six-figure investment to further expand its beauty services platform in Saudi

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Zubair Naeem Paracha @ MENAbytes · 08/09/2020 13:37 EDT

Cairo-headquartered beauty services booking platform Glamera has raised six-figure investment from Saudi’s Dual Gate Investment Holding, it announced in a statement today to MENAbytes. The startup did not disclose the exact size of the investment. This comes less than a year Glamera had raised $250,000 from an unnamed angel investor. Founded in 2019 by Mohamed Hassan, ... Read more ›

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Lebanese entrepreneur calls for Airbnb to waive its service fee for those affected by Beirut explosion

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Zubair Naeem Paracha @ MENAbytes · 08/09/2020 09:24 EDT

Lebanon, a country that has been in economic turmoil for months, was hit by one of the biggest tragedies of the modern world, last Tuesday when a devastating explosion at the Port of Beirut killed over 150 people and wounded thousands of residents. The explosion was caused by 2,750 tonnes of ammonium nitrate at the ... Read more ›

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Egyptian fintech ElGameya raises six-figure pre-seed to help people save money

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Zubair Naeem Paracha @ MENAbytes · 08/06/2020 08:46 EDT

Cairo-based fintech ElGameya has raised a six-figure pre-seed investment led by AUC Angels, the startup announced in a statement today to MENAbytes, without disclosing the exact size of the investment. The round was also joined by Cairo Angels and Alex Angels. Founded in 2018 by Ahmed Mahmoud, ElGameya enables people to save money using money ... Read more ›

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RiseUp to host its first digital event featuring workshops, fireside chats, networking opportunities, and office hours

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Zubair Naeem Paracha @ MENAbytes · 08/06/2020 06:22 EDT

RiseUp, the Cairo-based company behind one of the region’s leading entrepreneurship event RiseUp Summit, is organizing its first digital event titled ‘RiseUp From Home’ 13th to 15th August, it announced in a statement today. The event that is being organized under the theme ‘Got Grit?’ aims to reconnect the regional entrepreneurship ecosystem and help entrepreneurs ... Read more ›

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Delivery Hero is rebranding Otlob to Talabat, plans to create 50,000 freelance rider jobs in Egypt

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Zubair Naeem Paracha @ MENAbytes · 08/05/2020 06:55 EDT

Otlob, the Egyptian food delivery platform is being rebranded to Talabat, the Dubai-based company announced in a statement today to MENAbytes. With this rebranding exercise, Delivery Hero is further consolidating its business in the Middle East & North Africa under the brand of Talabat. Talabat earlier this year had also absorbed the operations of Carriage. ... Read more ›

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