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30.06.2025 − 06.07.2025
MENAbytes
MB Staff @ MENAbytes 1 place · 06/30/2025 15:21 EDT

Egyptian fintech Valu’s market cap hits $370 million after blockbuster EGX debut

Egyptian fintech Valu’s market cap reached $370 million as of close of trading today, following a blockbuster debut on the Egyptian Exchange (EGX) last week that saw shares surge 852.4% from their opening price of EGP 0.78 to close at EGP 7.40, hitting the maximum price ceiling allowed for first-day trading. The stock closed today ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 1 place · 07/10/2025 13:52 EDT

Egyptian BNPL platform Valu receives initial regulatory approval for Jordan launch

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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MENAbytes
MB Staff @ MENAbytes 1 place · 07/09/2025 07:00 EDT

Nawy, Egypt’s leading proptech, acquires majority stake in UAE fractional real estate platform SmartCrowd

Cairo-based proptech startup Nawy has acquired a majority stake in Dubai-based SmartCrowd, marking its official entry into the GCC market. The move comes just weeks after Nawy announced a $75 million Series A fundraise led by e& Capital, with participation from global and regional investors including Partech, March Capital, and Shorooq Partners. The financial details ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 2 place · 07/09/2025 06:00 EDT

Saudi’s Jahez buys majority stake in Qatar’s Snoonu, valuing it at $320 million

Saudi-listed food delivery platform Jahez is acquiring a 76.56% stake in Qatar’s Snoonu for $245 million, marking its entry into the Qatari market and further expansion across the GCC, it announced in a statement today. Jahez will acquire 75% of Snoonu’s existing shares from current shareholders for $225 million in a combination of cash and ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 3 place · 07/09/2025 04:55 EDT

Pakistani ecommerce startup Bazaar acquires payments leader Keenu as it pushes into fintech, eyes profitability

Karachi-headquartered ecommerce startup Bazaar has acquired leading Pakistani payments company Keenu in a strategic move to create what it says would be the country’s first integrated commerce and fintech ecosystem. The acquisition, approved by the State Bank of Pakistan, marks the first time a major Pakistani ecommerce company has brought payments infrastructure in-house. The financial ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 1 place · 07/08/2025 07:41 EDT

Saudi’s Rekaz raises $5 million seed to help gyms, salons, and clinics manage bookings, subscriptions, and payments

Saudi Arabia-based SaaS startup Rekaz has raised $5 million in seed funding to expand its operating system for service businesses, it announced today. The round was led by COTU Ventures, with participation from Impact46, Shorooq Partners, Numrah Capital, and angel investors. Founded in 2017 by Abdulrahman Alomran and Abdulaziz Alkharashi, Rekaz offers an all-in-one platform ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 2 place · 07/08/2025 03:02 EDT

Three-year-old Saudi quick commerce startup Ninja raises $254 million at a valuation of $1.5 billion

Three-year-old Saudi quick commerce platform Ninja has become the latest Middle Eastern unicorn with a $254 million pre-IPO funding round. The startup raised the latest capital in a round led by Riyad Capital, with participation from vii Ventures, Altia Investment, Tamasuk Al Rajhi, and other local investors. The round values the company at $1.5 billion. ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 3 place · 07/08/2025 02:25 EDT

Dubai’s Huspy raises $59 million Series B for to expand its mortgage platform across Europe & Middle East

Dubai and Madrid-based proptech company Huspy has raised $59 million in a Series B funding round led by Balderton Capital, with participation from Peak XV (formerly Sequoia Capital India and Southeast Asia), ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners, it announced today. The round brings Huspy’s total funding to over $100 ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 1 place · 06/30/2025 15:21 EDT

Egyptian fintech Valu’s market cap hits $370 million after blockbuster EGX debut

Egyptian fintech Valu’s market cap reached $370 million as of close of trading today, following a blockbuster debut on the Egyptian Exchange (EGX) last week that saw shares surge 852.4% from their opening price of EGP 0.78 to close at EGP 7.40, hitting the maximum price ceiling allowed for first-day trading. The stock closed today ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 2 place · 06/30/2025 14:29 EDT

Dubai proptech Prop-AI raises $1.5 million pre-seed to expand AI-powered real estate platform across MENA

Dubai-based proptech startup Prop-AI has closed a $1.5 million pre-seed funding round led by Plus VC, Joa Capital, Select Ventures, Oraseya Capital, and Plug & Play, with participation from angel investors in Saudi Arabia and Bahrain. The funding will support regional expansion, technology development, and strategic partnerships across MENA and Europe. Founded in 2023 by ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 3 place · 06/30/2025 13:53 EDT

UAE loyalty platform Related raises $8 million from Saudi’s Equivator to expand Kingdom operations

Dubai-headquartered loyalty and rewards platform Related has raised $8 million (SAR 30 million) in strategic funding from Saudi alternative investment firm Equivator, the company announced on Tuesday. The investment will accelerate Related’s expansion in Saudi Arabia and support the development of AI and blockchain-powered loyalty solutions. Founded over a decade ago, Related claims to serve ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 1 place · 06/20/2025 10:07 EDT

Egyptian fintech Octane raises $5.2 million to expand its fleet payments platform across MENA

Cairo-based fintech startup Octane has raised $5.2 million in a funding round led by Shorooq Partners, Algebra Ventures, and SC Holding, the company announced on Tuesday. The funding will be used to expand the startup’s regional footprint, grow its acceptance network, and enhance AI capabilities including fraud detection and route optimization. Founded in September 2022 ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 1 place · 06/12/2025 06:02 EDT

Dubai’s Qanooni raises $2 million pre-seed to automate legal workflows with AI

Dubai-based legal tech startup Qanooni has raised $2 million in a pre-seed funding round led by Village Global, with participation from Oryx Fund by Salica Investments, TA Ventures, and a network of strategic angel investors, it announced on Tuesday. Founded in 2024 by serial entrepreneurs Anuscha Iqbal, Ziyaad Ahmed, and Karim Shiyab, Qanooni is building ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 2 place · 06/12/2025 05:29 EDT

OpenAI in talks with Saudi’s PIF, UAE’s MGX for $40 billion funding round

ChatGPT maker OpenAI is in discussions to raise up to $40 billion in funding, with Saudi Arabia’s Public Investment Fund (PIF) and UAE-based sovereign wealth fund MGX among the key investors being courted, according to a report by The Information. The massive funding round, which would be led by SoftBank Group, is expected to see ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 1 place · 05/28/2025 04:24 EDT

Dubai fintech Qashio raises $19.8 million in debt and equity to expand its spend management platform into Saudi

Dubai-headquartered fintech Qashio has raised $19.8 million in a mix of equity and non-equity funding led by existing investor Rocketship VC, with participation from MoreThan Capital, regional banks, and family offices, it announced on Tuesday. The startup did not disclose the breakdown between equity and debt. It previously raised $10 million in a seed round ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 2 place · 05/28/2025 03:43 EDT

Saudi infrastructure fintech Stitch raises $10 million seed to help banks and fintechs build faster

Riyadh-headquartered fintech Stitch has raised $10 million in a seed funding round led by Arbor Ventures, COTU Ventures, Raed Ventures, and SVC, with participation from family offices and notable industry veterans, it announced today. The round included investments from Marqeta founder Jason Gardner and Abdulmalik AlSheikh, who previously established critical payment networks Mada and Sadad ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 3 place · 05/27/2025 08:08 EDT

Turkey detains 13, including founder, in illegal betting and money laundering probe involving Papara

Turkish authorities have detained 13 people, including Papara’s founder and chairman, Ahmet Faruk Karslı, in a major investigation into illegal online betting and money laundering, according to reports from Reuters and state media. The investigation focuses on allegations that Papara, a leading Turkish fintech, was used to move money linked to illegal betting activities. A ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 2 place · 05/27/2025 07:01 EDT

Dubai fintech Gainz raises over $1 million in pre-seed debt and equity for its SME lending platform

Dubai-based fintech Gainz has closed a seven-figure USD pre-seed round, structured as a mix of equity and debt, led by Antler MENAP, Lithium Holdings, and Eleventh Invest Inc., with participation from a diverse network of regional high-net-worth investors, it announced on Sunday. Founded in December 2024 by Egyptian serial entrepreneurs Shehab Mokhtar and Sherif Abdelaty, ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 1 place · 05/21/2025 08:12 EDT

Kuwait’s Circle raises $6 million Series A to fuel regional expansion of its quick commerce platform

Kuwait-based quick commerce startup Circle has secured $6 million in Series A funding from a consortium of strategic investors, it announced today. The startup did not disclose the identity of the investors or provide any additional details. Founded in 2020 by Altaf AlThekair, Circle offers grocery and daily essential deliveries in under 20 minutes through ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 2 place · 05/21/2025 07:43 EDT

Dubai’s Tarjama raises $15 million to scale Arabic AI foundation model and agentic platform

Dubai-headquartered language technology company Tarjama has secured $15 million in a Series A funding round led by Global Ventures, with participation from Wamda Capital, TA Ventures, Phaze Capital, Golden Gate Ventures, and Endeavor Catalyst, it announced today. The round brings Tarjama’s total funding to over $20 million. The company last raised $5 million in 2019. ... Read more ›

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MENAbytes
MB Staff @ MENAbytes 1 place · 05/19/2025 08:14 EDT

Egypt’s Thndr raises $15.7 million to expand beyond brokerage with new wealth management products

Cairo-based investment platform Thndr has raised $15.7 million in a funding round led by global tech investor Prosus, with participation from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris. The round brings the company’s total funding to $37.76 million. The Egyptian startup also unveiled two new products that signal its expansion beyond ... Read more ›

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12.07.2025 16:35
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