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: startups
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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Fintech for a Future Accelerator opens for applications in Egypt
The Changelabs accelerator is targeting SMEs in Africa and the MENA region aiming to expand their solution into Egypt.
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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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Tide brings business financial platform to Germany
UK fintech Tide is expanding its business financial platform to Germany as part of plans to boost growth in continental Europe.
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Dubai incubator in5 reports 25% increase in start-up funding
TECOM Group PJSC’s incubator in5 has reported that funding raised by start-ups since its inception surged to AED 3 billion last year with growth particularly evident in the technology sector.
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Hub71 and Stride Ventures partner to boost startups in Abu Dhabi
Hub71 and Stride Ventures have announced they will provide startups in Abu Dhabi with access to capital and mentorship opportunities as part of a joint bid to drive innovation.
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Start-up series: How Spare Payments is helping schools go cashless
Seamless Xtra’s Mark Dowdall recently spoke to Mohammed Zohair, Co-Founder of Cairo-based Spare Payments, a platform which enables K-12 students to spend money in a controlled, cashless environment.
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Dubai sees 20% growth in funding for start-ups at TECOM Group’s in5
According to in5, funding for start-ups has risen to more than AED 2.9 billion with a surge in new ventures joining its platform in 2023.
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MoonPay launches investment arm to drive adoption of Web3
MoonPay Ventures division will engage with early-stage companies across the Web3 and fintech ecosystem with plans to offer capital as well as access to resources and expertise.
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Middle East fintech market ‘receives funding of $2bn’
Middle East fintech startups received funding of approximately $2 billion between 2021 and 2023,...
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Vietnam’s GIMO raises US$17.1 million to expand on-demand pay
Vietnam’s GIMO raises US$17.1 million to expand on-demand pay
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Cayesh wins start-up award at Seamless North Africa 2023
Cayesh wins start-up award at Seamless North Africa 2023
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Visa launches Africa Fintech Accelerator programme
The initiative will allow up to 40 start-ups each year to accelerate through a
three-month intensive learning programme focused on business growth and mentoring.
Vue Storefront raises $20 million of equity for headless commerce platform
The investment in Vue Storefront reflects a greater shift by brands in how frontend technology is used to drive the digital experience.
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Amazon Web Services launches FinTech Africa Accelerator
Applications for the programme’s inaugural edition will be open to early-stage fintech startups in Africa until the end of April.
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UBS partners with Tenity to boost Swiss start-ups
The deal gives UBS access to Tenity’s wider ecosystem including cross-industry platforms and its start-up programmes, both locally and globally
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Fulfil raises $60 million in Series B for pick and pack robotics platform
Fulfil’s delivery robots are said to accurately pick all categories of groceries before bringing packed grocery bags to a waiting area for collection
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Enfuce joins with Finnish start-up on embedded virtual card payments
The deal will allow Starcart to issue virtual cards to purchase items from online stores on its platform
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Central Bank of Oman and Omantel to offer fintech accelerator programme
Five startups will receive training and fundraising support over six months
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