A wider range of payment options is now available to IKEA Egypt’s customers thanks to its partnership with Paymob, the leading financial services enabler in MENA and Pakistan. Founded in Egypt in 2015, Paymob offers the largest and most comprehensive number of payment acceptance methods in North Africa. “As a trusted financial services partner, we ... Read more ›
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UAE citizens and residents can now use a paperless marketplace to facilitate all their recurring payments digitally. The marketplace was developed by Direct Debit System, a fintech firm based in the UAE, and was authorized for launch by the Central Bank of the UAE. The digital marketplace is expected to benefit over 96% of monthly ... Read more ›
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Saudi Arabia’s Madark closed a pre-seed investment round of an undisclosed amount through Learn Node Startup Studio. Founded in 2020, Madark specializes in financing annual tuition fees and allows parents to pay various educational institutions in installments without interest. Prioritizing education, Madark’s concept is based on a Study Now, Pay Later model, allowing individuals to ... Read more ›
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Among the announcements made at this year’s RiseUp Summit of the decade is that Pepsico’s Greenhouse Accelerator program is now accepting applications for its second edition in the MENA region. Startups that offer technological solutions in the agriculture world are encouraged to apply, and funding will focus on those addressing some of the most intractable ... Read more ›
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Acasia Ventures has finalized an investment in Dubai-based digital banking platform Credable as a part of a $2.5 million seed round led by Ventures platform. Credable is a B2B2C digital banking platform that embeds financial services in up-and-coming businesses in emerging markets. They offer end-to-end-solutions for businesses to allow them to go live with their ... Read more ›
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MINT by EGBANK’s startup incubator kicked off its 11th cycle last night on March 19th, with promising startups enrolled in its three-month program for spring ‘23. MINT’s focus is on startups that have already developed a product and provides them customized support to help their businesses reach the next level. The startups enrolled in MINT’s ... Read more ›
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Saudi Venture Capital Company (SVC), in partnership with the Capital Market Authority (CMA) and the Financial Sector Development Program (FSDP), launched a new product for investing in fintech VC funds at the Financial Sector Conference 2023. The product, called the Investment in Fintech VC Funds, is designed to support the growth of the fintech industry ... Read more ›
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Day two of RiseUp’s summit of the decade at the Grand Egyptian Museum is set to feature some of the event’s most highly anticipated talks across its capital, tech, and creative stages. Whether you’re a startup founder, a corporate executive, or a curious observer, you’ll find no shortage of insight and inspiration from the back-to-back ... Read more ›
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RiseUp CEO Abdelhameed Sharara and MARAKEZ CEO Basil Ramzy took to the stage at RiseUp ’23 to announce a partnership between the two entities that’s bringing to life RiseUp’s first vertical: RiseUp Retail. With plans for over 3,000 attendees, 40+ investors, and international and local speakers, RiseUp Retail is taking place at District 5—MARAKEZ’s flagship ... Read more ›
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RiseUp’s summit of the decade kicks off tonight at the Grand Egyptian Museum with a series of talks, panels, and fireside chats across its three stages. The Tech Stage, The Capital Stage, and The Creative Stage will host over 260 renowned speakers giving over 50 talks throughout the weekend. As you plan your summit agenda, ... Read more ›
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Can you believe the MENA region’s largest entrepreneurial summit is 10 years old? RiseUp is making history and celebrating its summit of the decade this weekend, and it’s doing so at the world’s most anticipated museum: the Grand Egyptian Museum. The three-day summit weekend kicks off today and runs until Saturday, March 19 – here’s ... Read more ›
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Maqsad, a Karachi-headquartered edtech startup has raised $2.8 million in a seed round, it announced today. The round was led by Speedinvest, one of Europe’s largest seed funds, and included participation from returning investor Indus Valley Capital, Stellar Capital, Alter Global, Johann Jenson (SVP Product at GoStudent), and other strategic angels. The startup said that ... Read more ›
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co-authored by Riyad Abou Jaoudeh and Naldo Bejjani The recent FTX collapse has underscored the significance of good corporate governance in the world of cryptocurrency, startups, and venture capital. Corporate governance ensures that a company is managed in a transparent, accountable, and responsible manner, and is essential for a startup’s long-term success. The principles of ... Read more ›
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ZoodPay, a Switzerland-headquartered buy now pay later platform that operates in different Middle Eastern and Central Asian markets has acquired Pakistani consumer lending fintech Tez, it announced in a statement today. The financial details of transaction were not disclosed but the statement noted that it is the first M&A deal in Pakistan’s young fintech space. ... Read more ›
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Lahore-based Colabs has raised $3 million in a seed round led by Indus Valley Capital, Zayn Capital, and Fatima Gobi Ventures, it announced in a statement on Friday. It is the first time these three leading Pakistan-focused VCs are investing together in a startup, noted the statement. Colabs had previously raised $1 million in a ... Read more ›
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Cairo, Egypt – 22 March 2022 – FlapKap, a company revolutionizing e-commerce and SaaS growth in the MEA region, announces its launch and successful completion of a $1.2 million fundraise. The fundraise was led by A15, the leading MENA venture capital firm, and one of the most prominent backers of early-stage start-ups in the region. ... Read more ›
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Karachi-headquartered B2B ecommerce and fintech startup Bazaar has raised $70 million in a Series B round led by Dragoneer Investment Group and Tiger Global, it announced today. The round that comes just six months after Bazaar’s $30 million Series A was also joined by existing investors, including Indus Valley Capital, Defy.vc, Acrew Capital, Wavemaker Partners, ... Read more ›
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Milango, a community management software provider, backed by A15, has acquired local rival Circle, a 500 Startups-backed company. The acquisition will help Milango increase its market share and further solidify its position as the premium community management solution in the region. The acquisition grows Milango’s contracted user base to more than 100,000 residential units and ... Read more ›
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Bahrain-headquartered cryptocurrency exchange Rain has raised $110 million in a Series B round co-led by Kleiner Perkins and Paradigm (the largest crypto fund in the world founded by Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang). It is the first Middle East investment for both the firms. The round is one of ... Read more ›
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Lahore-headquartered business-to-business fresh produce marketplace Tazah has raised $4.5 million in fresh funds (in an extension of its pre-seed) to close its $6.5 million in what it said is the largest pre-seed round of Pakistan. The latest tranche of the round was co-led by Pakistan-based Fatima Gobi Ventures and Ankur Nagpal’s Vibe Capital. The investment ... Read more ›
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27.11.2024 04:53
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