From funding rounds to new product launches and partnerships, the MENA region’s startup ecosystem has had quite a busy week. In MENAbytes’ weekly startup news roundup, we highlight the most important news and updates from the MENA tech and startup scene, keeping you informed and up-to-date on the latest developments in the region. Here’s what ... Read more ›
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GEMS Education, a UAE-based K-12 private education provider, launched its Youth Entrepreneurship Accelerator Program powered by GEMS World Academy and sponsored by CAFU. A first of its kind in the region, the school-based accelerator program covers all aspects of turning an idea into a fully-fledged operational startup. With the help of a cohort of experienced ... Read more ›
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Kanari AI, a dialectal speech technology solutions specialist, launched Fenek AI, the first MENA-focused automatic transcription, translation, and subtitling platform for dialectal languages. Fenek AI allows its users to transcribe audio and video files in Arabic and in English, edit and share their files in several formats, subtitle videos, and create workspaces on the platform ... Read more ›
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Sygnum, a Zurich-based bank, received a Financial Services Permission from Abu Dhabi Global Markert’s (ADGM) Financial Services Regulatory Authority (FSRA), following its initial approval late last year. Thanks to the license, Sygnum Bank Middle East can offer regulated crypto banking services to clients in the region through a “concierge-style client service” that includes digital asset ... Read more ›
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Flat6Labs, MENA’s leading seed and early-stage venture capital firm, recently announced the first cohort in its Riyadh Seed Program. The four-month program aims to help startups build their products, test the market, improve their business models, and pitch to external investors. The seed program is part of a bigger investment agreement between Flat6Labs and Saudi ... Read more ›
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Tap Payments, the leading paytech company in MENA, is offering Paypal onboarding, operations, and payouts to businesses through its partnership with the worldwide leader in the payment industry. This allows businesses to have a single partner for all their payment requirements, streamlining operations and providing an easier way to facilitate a seamless payment experience. “We ... Read more ›
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Estater, a Bahraini proptech company, raised $5 million in a Series A round led by undisclosed investors from Saudi Arabia and Bahrain. Founded in 2009, Estater uses artificial intelligence and data science to estimate the value of properties in real estate, allowing its users to access a property’s value by selecting it on a map. ... Read more ›
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The 12th edition of the Annual Investment Meeting (AIM) will be held in Abu Dhabi for the first time from the 8th to the 10th of May, 2023. Over 600 influential speakers are expected to participate in dialogue sessions this year under the theme “The Investment Paradigm Shift: Future Investment Opportunities to Foster Sustainable Economic ... Read more ›
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Applications are now open for the fifth edition of Africa’s Business Heroes (ABH), a program that gives African entrepreneurs a unique platform to showcase their startups. The top 10 finalists will share a $1.5 million cash grant to grow their businesses. ABH is the Jack Ma Foundation’s flagship philanthropic program spotlighting Africa’s entrepreneurial talents and ... Read more ›
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Written by Sami Awa. It’s hard to believe that the RiseUp Summit just wrapped up its 10th edition. This year, the region’s largest startup and entrepreneurship event was held at the intersection of the past and the future—The Grand Egyptian Museum—located right by the Pyramids of Giza. In what was possibly its most impactful edition ... Read more ›
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The Egyptian Financial Regulatory Authority (FRA) announced the launch of Corbeh, their latest platform, in collaboration with the Egyptian Exchange (EGX) at RiseUp’s summit of the decade. Corbeh is the first integrated technology innovation hub and sandbox for the nonbank financial sector. It’s aimed at tech-driven startups focused on innovative solutions that transform and boost ... Read more ›
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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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Most popular sources
Wired
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30% 4 |
Business Insider
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27% 1 |
Gizmodo
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10% 6 |
Vox
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7% 3 |
The Verge
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5% 4 |
| View sources » | |
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01.04.2025 21:46
Last update: 21:35 EDT.
News rating updated: 04:41.
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