Trupeer, a Bengaluru-based startup, has raised $3 million in a Seed Round to advance its mission of automating AI-powered business video creation. Founded in 2023 by Shivali Goyal and Pritish […]
Saudi PropTech startup Rekaz announced the successful closure of a $5 million Seed funding round, led by COTU Ventures with participation from Impact46, Shorooq, and Numrah Group. Rekaz specializes in
Riyadh, Saudi Arabia – Nearpay, a pioneering Saudi fintech infrastructure firm, has officially entered the U.S. market, marking the first time a Saudi company specialized in digital payment infrastructure has
Berlin, June 2025 — Payrails, a global payments software company founded by former fintech leaders at Delivery Hero, has secured $32 million in Series A funding, led by HV Capital’s
Toolmart, the Iraq-based B2B e-commerce startup, has secured a seed funding round led by Plus Venture Capital and Oasis500, with participation from regional angel investors.The investment will fuel Toolmart’s expansion
Saudi Arabia-based Wyld VC has launched the MENA region’s first $50 million AI-native venture capital fund, with a mission to bridge the AI talent gap and support early-stage startups in
Fuse Games, a Turkish-based game development studio, has raised $7 million in a funding round led by Griffin Gaming Partners — one of the largest global VCs focused on the
Klivvr, Egypt’s leading digital money management platform, has officially launched its “Buy Now, Pay Later” (BNPL) service after receiving formal approval from the Financial Regulatory Authority (FRA). The new feature
ZAINIAC, the internal innovation platform of Zain Group, has announced its strategic investment in Actly, an AI startup founded by Ahmad Alobaid, a standout talent from Zain Kuwait. This investment
In a landmark technological achievement, Saudi Arabia’s iconic fast-food brand AlBaik, in collaboration with King Abdullah University of Science and Technology (KAUST), successfully executed the first drone meal delivery in
Saudi Aramco, a global leader in integrated energy and chemicals, has announced the signing of a collaboration agreement with China’s BYD, a leading manufacturer of new energy vehicles and batteries,
The Information Technology Industry Development Agency (ITIDA) has kicked off the inaugural edition of its Invest‑IT program in collaboration with Flat6Labs, featuring pitches from 15 Egyptian tech startups across the
Stakpak, the Egyptian startup specializing in AI-powered DevOps solutions, has successfully closed a Pre-Seed funding round, raising $500K. The round was led by P1 Ventures, with participation from Digital Currency
Nexthop AI, an American artificial intelligence infrastructure company, has closed a $110 million funding round led by Lightspeed Venture Partners with participation from Kleiner Perkins, WestBridge Capital, Battery Ventures, and
Dubai, UAE Dubai-based startup accelerator Ignyte has entered a strategic partnership with global payments leader PayPal to enhance financial infrastructure for emerging businesses across the UAE and Middle East. The collaboration
Google, under its parent company Alphabet, has announced the acquisition of Israeli cybersecurity startup Wiz for $32 billion, marking the largest acquisition in its history. The deal comes after extensive
African startups face stricter investment scrutiny compared to their global counterparts, as investors demand greater proof of success, conduct more comprehensive financial audits, and often overestimate the risks associated with
ClearGrid, a UAE-based fintech specializing in debt collection solutions, has raised $10 million in pre-seed and seed funding rounds. The pre-seed round was led by RAED Ventures and BECO Capital,
Ibtikar Fund, based in Palestine, has announced its investment in MENA Analytics, a company specializing in market research and data analysis. The company aims to transform how businesses in the Middle
PlaysOut, a UAE-based startup specializing in mini-game development, has announced the closing of a $7 million Seed funding round, raising the company’s valuation to $70 million. The round was backed
The Ministry of Communications and Information Technology (MCIT), in partnership with Amazon Web Services (AWS), has launched the “AWS Builder Accelerator” program, aimed at developing national competencies in cloud computing and equipping them with
Ripple, a leading blockchain and digital payments company, has obtained a license from the Dubai Financial Services Authority (DFSA), allowing it to provide regulated cryptocurrency payment services in the Dubai International Financial
Yalla Group Limited announced its financial results for 2024, reporting revenues of AED 1.2 billion (approximately $339.7 million), a 6.5% increase compared to AED 1.1 billion in 2023. The fourth quarter of the year saw strong revenue growth of 12.2%,
Dexterity, Inc., a leading developer of industrial robots powered by artificial intelligence, has raised $95 million in a new funding round. The investment was led by prominent investors, including Lightspeed
Micropolis Robotics, a UAE-based robotics manufacturing company, has successfully completed its initial public offering (IPO) on the New York Stock Exchange. The company offered 3,875,000 ordinary shares at $4.00 per
Jahez International Company for Information Systems Technology has announced its consolidated annual financial results for the year ending December 31, 2024, with net profit increasing by 50% year-on-year to reach
Darwinbox, a global leader in HR technology solutions, has announced the closure of a $140 million funding round led by Partners Group and KKR, with participation from Gravity Holdings. Jayant
Salica Spring Studios, backed by Salica Investments and Oasis Fund of Funds, has announced a strategic investment in BILRS, a UAE-based company specializing in global bill payment solutions. Founded in
Onetab.ai, an AI-powered SaaS startup, has raised $3.3 million in a seed funding round led by LIT.FUND and Orbit Startups. The round also saw participation from a Singapore-based family office,
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