TechCrunch

NOVEMBER 15, 2021

million in seed funding at a valuation of $50 million. This suite of services is essential in the primary markets in which Nomod is aiming to build a significant merchant base, like Saudi Arabia, the UAE and Bangladesh. The company has raised $3.4 In the UAE, it can take nearly six months to set up a business bank account.

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TechCrunch

OCTOBER 7, 2021

The acquisition comes after the company’s latest $175 million Series D round from SoftBank’s Vision Fund 2 in May. Riiid has said it will continue to fuel its global expansion with the funding. . Riiid has been actively penetrating the global market since 2020 after it opened the U.S. arm, Riiid Labs, in Silicon Valley.

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TechCrunch

MAY 17, 2021

Egypt, one of the most active e-commerce countries in the region, is anticipated to grow 33% annually to reach $3 billion by 2022. The funds will be used for those causes, as well as expanding operations across Africa, MENA and the GCC. This is the main target for us now and also to start operations in Saudi Arabia.”

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TechCrunch

AUGUST 10, 2022

Prosperity7, the venture capital arm of Saudi Arabia’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.

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TechCrunch

MARCH 8, 2021

Since launching in Egypt, Koinz has expanded to Saudi Arabia and the UAE. Since leaving Tinder in 2014, Mateen has been an active investor in early-stage companies. African-focused VC 4DX Ventures and strategic angel investors from Egypt, Turkey and Saudi Arabia participated as well.

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TechCrunch

JULY 22, 2021

The new funds follow a period of significant growth for the mobile tool, which is now used by more than 500,000 people per month and has achieved a $4 million-plus annual run rate in a year’s time. Others hail from Russia, Saudi Arabia, Brazil and parts of Europe, Lesun says. Image Credits: VOCHI. Image Credits: VOCHI.

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TechCrunch

JUNE 9, 2022

AfricInvest, through its Cathay AfricInvest Innovation Fund (CAIF) and French-based development finance institution Proparco, co-led the early-growth round. The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and Saudi Arabia.

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TechCrunch

JANUARY 17, 2023

According to a statement shared by the Dubai-based company, the funding will be used to expand Tabby’s product line into a plethora of consumer financial services and support the company’s growing operations that now include Egypt. The fintech has raised more than $410 million in equity and debt since its 2019 launch. .

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TechCrunch

JUNE 6, 2022

Aside from Bahrain, Qatar, Turkey and the United Arab Emirates, Fenix also has a presence in Saudi Arabia, 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.”

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TechCrunch

MARCH 27, 2022

There has been much talk as of late of a slowdown in venture funding. It’s also eyeing Southeast Asia and potentially Saudi Arabia and Africa. As usual, there was no shortage of fundings around the world, although I do have to admit, this list feels shorter than in weeks past.

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TechCrunch

JANUARY 18, 2022

This was another blockbuster year for global venture funding, with 2021 breaking records across the board. Deal activity is at record highs. Regardless of the macroeconomic challenges ahead, I anticipate startup funding will continue at an accelerated pace this year. Contributor. Share on Twitter.

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TechCrunch

OCTOBER 27, 2022

The reasons were unclear, as both parties didn’t publicly comment on the situation; however, from various local news outlets, they ranged from mismanagement of funds to failure to report to the board and work out a potential merger, as well as internal disagreements over management methods. Founders versus investors.

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TechCrunch

APRIL 27, 2023

Funding Societies , the SoftBank Vision Fund II-backed SME digital lending platform, recently launched a shariah-compliant financing product there, and now offers it as the default product to all its Malaysian customers. Meanwhile in Malaysia, where 61.3% out of its 33.6 All losses and profits are shared pro rata, Martin explained.

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TechCrunch

AUGUST 11, 2023

The original @Twitter handle is now inactive, and its bio reads, “This account is no longer active. Twitter is purging old accounts and freeing up desired usernames, according to Elon Musk According to recent tweets by owner Elon Musk, Twitter is purging inactive accounts that have had “no activity at all for several years.”

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Engadget

MARCH 12, 2025

The Saudi Arabia-owned company Scopely has agreed to purchase the division for $3.5 Scopely was founded in Los Angeles but was purchased using money from Saudi Arabia's sovereign wealth fund, otherwise called the Saudi Public Investment Fund (PIF).

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Engadget

FEBRUARY 19, 2025

The company raised additional funding at a $9 billion valuation back in 2021. There are around 80 million monthly users as numbers reported midway through last year, but that's a steep decline from the game's peak of 232 million active players. Niantic also has not been immune to the broad layoffs affecting the games industry.

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TechCrunch

APRIL 8, 2021

While Nigeria and Kenya have been at the forefront of African fintech innovation, activities in Egypt are beginning to shape up nicely. Other investors include Egyptian investment fund A15 and Dutch development bank FMO. After its first $54M fund, Algebra Ventures launches $90M fund for startups in Egypt.

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TechCrunch

MAY 2, 2022

Populus is partnering with cities and operators like Bolt , Tier and Voi in a European Union-funded, data-sharing initiative that will measure carbon reductions of micromobility. ” It’s unclear where the remaining funds needed in the $44 billion deal will come from. Much of Musk’s fortune is tied up in Tesla stock.

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Cloud 4 Good

MAY 3, 2022

The solution allowed EFE staff to carry out their day-to-day activities more efficiently and strengthen student, donor, and partner management. Partnerships, securing funding, and spending more time placing MENA youth into fulfilling, sustainable employment are all made possible by the organization’s Salesforce solutions.

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TechNode

APRIL 25, 2025

The worlds top three PC makers, Lenovo, HP, and Dell, are exploring expansion in Saudi Arabia amid rising concerns over tariff uncertainties. Saudi Arabia is actively encouraging tech manufacturers with operations in China to relocate to the Arabian Peninsula. Jiwei , in Chinese]

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Fast Company Tech

APRIL 4, 2025

Some students have been targeted over pro-Palestinian activism or criminal infractionsor even traffic violations. Secretary of State Marco Rubio said last week students are being targeted for involvement in protests along with others tied to “potential criminal activity.”

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