Start-up investments in MENA surge by 260% to $355 million
Investment in start-ups across the Middle East and North Africa (MENA) surged in July with $355 million raised by 38 start-ups.
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Tag: funding
Martech firm Userled raises £4 million to deliver AI-powered marketing campaigns
Userled is aiming to transform how B2B companies create, manage, and scale personalized marketing campaigns at scale
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Weekly news roundup Middle East & Europe – August 9th
Welcome to this week’s weekly news roundup, where we bring you a quick overview of the latest developments in finance, payments, retail, e-commerce and more across the Middle East and Europe regions.
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Egypt’s Cartona raises $8.1 million to expand B2B platform
Cartona is set to expand its B2B e-commerce platform across the MENA region following the successful completion of a Series A extension fundraise.
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Faye secures $31M in Series B funding to elevate travel insurance tech
Travel insurance tech startup, Faye has raised $31 million in Series B funding, bringing its total funding to $49 million.
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Hub71 startup Dopay secures $13.5 million in Series A funding
Dopay will use the funds to expand its digital payroll and payments platform in its initial market, Egypt.
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Loyalty platform Heymax.ai raises US$2.6 million in seed funding
Singapore-founded loyalty platform Heymax.ai has raised US$2.6 million in seed funding, led by January Capital.
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Rohlik Group raises €160 million to fuel European expansion plans
Rohlik Group, a European food retail technology and online grocery specialist is aiming to expand to at least 10 additional cities by 2030.
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Connect Money raises $8 million to expand embedded finance in North Africa
Egypt-based fintech Connect Money has closed its Seed funding round of $8 million led by Disruptech Ventures and Algebra Ventures.
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Weekly news roundup Middle East & Europe – June 21st
Welcome to this week’s weekly news roundup, where we bring you a quick overview of the latest developments in finance, payments, retail, e-commerce and more across the Middle East and Europe regions.
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Uk fintech Zilch taps Deutsche Bank to raise £100M debt
London-based buy now pay later (BNPL) provider Zilch has raised £100M in a securitisation debt deal led by Deutsche Bank.
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Weekly news roundup Middle East & Europe – June 14th
Welcome to this week’s weekly news roundup, where we bring you a quick overview of the latest developments in finance, payments, retail, e-commerce and more across the Middle East and Europe regions.
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Cairo-based fintech Sahl raises $6 million for bill payment platform
Cairo-based startup, Sahl, has raised $6 million in Series A and seed funding accelerating its development as a one-stop shop for household bills in collaboration with government entities.
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Dubai fintech Elevate raises $5 million as it taps into freelance boom
Elevate will use the funding to address key payment challenges among the freelance community
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Weekly news roundup Middle East & Europe – June 7th
Welcome to this week’s weekly news roundup, where we bring you a quick overview of the...
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Parcel delivery firm Evri to invest £1 million in AI strategy
Uk-based Evri will invest £1 million in its AI strategy in a bid to transform its customer service and streamline the delivery process.
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Weekly news roundup Middle East & Europe – May 31st
Welcome to this week’s weekly news roundup, where we bring you a quick overview of the...
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UAE foodtech startup Grubtech raises $15 million in Series B funding
GrubTech is planning to use the injection of capital to accelerate expansion and establish offices in Saudi Arabia, Europe and the UK.
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Vitesse secures $93M in Series C funding for insurtech platform
Vitesse, a treasury and payment solutions provider for the insurance industry, has announced the completion of a $93M Series C funding round led by global investment firm, KKR
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Mitgo Ventures invests in Qoala cashback service under new funding program
The backing of Qoala comes amid plans by Mitgo Ventures to invest at least 15% of the program’s $20 million capital in businesses from the MENA region.
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