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The startup, found in 2020, claims that because of Dubai’s real-estate rules it has managed to attract investing users on the platform from over 80 countries in the world. The firm says it lists premium properties on its platform that are already on rent. The company first raised a $4 million seed round last year. Image Credits: Stake.
The startup will hire local talents in SaudiArabia to expand further. The gaming industry is booming in SaudiArabia, with about 70% of Tamatem’s users, Hammo noted. . Indian storytelling platform Pratilipi raises $48 million led by gaming giant Krafton. million daily active users on its top games. .
As the restaurant industry across different cities was massively hit by the pandemic-induced lockdowns last year, food aggregator platforms helped by driving online customers to them. Here’s how the platform works. Since launching in Egypt, Koinz has expanded to SaudiArabia and the UAE. million seed round.
Tabby , the Dubai-based buy now, pay later (BNPL) platform that lets users shop, pay later and earn cash from over 3,000 global brands, including Adidas, IKEA and Bloomingdale, has completed a Series B extension of $54 million. Its two main markets are SaudiArabia and the UAE. The company has over 1.1
based fintech Nomod allows these businesses to bypass the card terminal by providing a platform to accept card payments on their phone with no extra hardware. This suite of services is essential in the primary markets in which Nomod is aiming to build a significant merchant base, like SaudiArabia, the UAE and Bangladesh.
Recent research suggests that the e-commerce market in SaudiArabia, UAE and Egypt account for a combined $21.4 FlapKap , using its revenue-based financing platform (RBF), is helping these stores solve the growth-destructive challenges emerging online stores encounter when trying to meet customer demands.
Chinas second-largest short video platform Kuaishou is planning to open an office in Riyadh, the capital of SaudiArabia, soon, according to a report by the South China Morning Post quoting Kuaishous chief financial officer Jin Bing.
Egypt, one of the most active e-commerce countries in the region, is anticipated to grow 33% annually to reach $3 billion by 2022. He also claims that more than 2,200 businesses use its platform daily and achieve a 95% delivery success rate. This is the main target for us now and also to start operations in SaudiArabia.”
Chinese food delivery giant Meituans Hong Kong-focused platform KeeTa led the territorys food delivery market in terms of order volume in March, with its 44% share of total orders surpassing rival Foodpanda for the first time, according to data from third-party analysis platform Measurable AI. Caixin, in Chinese ]
According to COO Siam, the founders noticed that as e-commerce activities in the Middle East and North African regions accelerated due to the pandemic, merchants were left overwhelmed with the volume of orders they received. When merchants sign up to the platform, they send their products to one of the company’s fulfillment centers.
Prosperity7, the venture capital arm of SaudiArabia’s state oil company Aramco, led the new capital infusion. The fund has been actively scouring for opportunities in and around China that can scale globally and particularly in the Middle East.
Chinas food delivery giant Meituan is hiring Arabic- and English-proficient talent for its likely entry into Riyadh, the capital of SaudiArabia, as the company puts expansion beyond China on its agenda as domestic consumption falls.
The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and SaudiArabia. Students on the platform go through two types of programs. The edtech platform has grown from 100 students in its first year to around 4,000 active students today.
Until last September, Tabby, which allows users to shop with flexible payments online and in-store from global brands, including H&M, Adidas, IKEA, noon and Bloomingdale’s, was active in SaudiArabia, UAE and Kuwait. Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation.
The finished results can then be shared out to other platforms, like Instagram, Snapchat and TikTok. Others hail from Russia, SaudiArabia, Brazil and parts of Europe, Lesun says. When they see something they like, they can then tap a button to use the same effect on their own video. Image Credits: VOCHI.
Aside from Bahrain, Qatar, Turkey and the United Arab Emirates, Fenix also has a presence in SaudiArabia, specifically with its shared and subscription scooter service. When people move and do more, it drives economic activity and quality of living, so we’re really focused on how we can reduce that friction to move.”
Last month, Egyptian B2B e-commerce platform Capiter made headlines after founders Mahmoud Nouh and Ahmed Nouh were ousted by its board as CEO and COO. Though the events of the last couple of weeks have disrupted these efforts, there are still active M&A discussions underway currently.”.
The microfinancing platform connects investors with small businesses using mudarabah, a shariah-compliant profit-sharing agreement. Investors on Blossom Finance’s platform pool their money into funds, or cooperatives, which are then managed by microbanks. Meanwhile in Malaysia, where 61.3% out of its 33.6 They must have a solution.
The company’s threat detection platform — its moneymaker — helps companies with industrial control systems defend against hackers trying to get into important operational systems. Lee said the company’s priority had been to work on its threat platform, and less selling it.
While Nigeria and Kenya have been at the forefront of African fintech innovation, activities in Egypt are beginning to shape up nicely. The platform helps online and offline merchants to accept payments from their customers via several products and solutions. million Series A round. In July 2020, Paymob raised $3.5
In fact, it describes itself as the first “cross country, cross currency” expense management platform. It’s also eyeing Southeast Asia and potentially SaudiArabia and Africa. Stori reports that it expects to reach 1 million active customers this month.
Riiid has been actively penetrating the global market since 2020 after it opened the U.S. Beyond the TOEIC mobile app, the company launched an ACT prep mobile app with ConnectMe Education in early 2021 in Egypt, Turkey, UAE, Jordan and SaudiArabia. How is edtech spending its extra capital? arm, Riiid Labs, in Silicon Valley.
An initial solution was built on the Salesforce platform to provide a framework for managing relationships and basic process automation. The solution allowed EFE staff to carry out their day-to-day activities more efficiently and strengthen student, donor, and partner management. The implementation began with EFE-US and EFE-Jordan.
Even in 2019, when SaudiArabia opened up state-owned oil company Saudi Aramco for trading, it didn’t dominate for long : Apple surpassed it last July on its way to a $2 trillion market cap , and Apple is approaching $2.5 trillion now.
The Tesla and SpaceX CEO first announced his bid to buy Twitter in April 2022, zealously driven to rid the platform of spam bots and protect free speech. Even for one of the richest men in the world, $44 billion is a lot of money to cough up to buy a middling social platform. By October, the platform was his.
Pink Guards were deployed at events, activations, and press appearances around the planet. Pink Guards popped up at Sydney Harbor and Bondi Beach, the canals of Venice , Bangkoks Chao Phraya river, SaudiArabias AlUla , and Beco do Batman in So Paulo. The Season 2 campaign kicked off at the Paris Olympics. and Carl’s Jr.
Elon Musk’s pursuit to buy Twitter continues to have an impact on Tesla, which is why I’m back here writing about a social media platform. Elemental Energy, IBI Group, Active Impact Investments and Pacific Reach. — Rebecca Bellan. Deal of the week. million shares of Tesla worth about $8.5
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