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Zest Equity, a UAE-based startup digitizing private market deals, raises $3.8M seed funding

TechCrunch

UAE-based Zest Equity, a startup digitizing private market dealings, has raised $3.8 million seed funding to build more tools for enabling fast and transparent transactions by ecosystem players while increasing their liquidity through secondary deals.

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TSMC and Samsung consider major chip manufacturing plants in UAE

TechNode

TSMC and Samsung are considering building large-scale wafer fabs in the United Arab Emirates (UAE) over the next few years, a move that could boost AI investment and development in the Middle East, according to The Wall Street Journal. The Wall Street Journal ]

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Nigerian mobility-tech startup MAX bags $31 million in Series B round, set to expand across Africa, build EV infrastructure

TechCrunch

As part of its catalogue of services, MAX plans to build electric vehicle infrastructure in its new markets, with the intention of introducing EVs to its emerging clientele. “It MAX’s commercial bank partners now extend vehicle purchase loans to drivers, using data provided by the mobility company in credit risk assessment.

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SoftBank-backed Indian insurance platform Policybazaar raises $75 million

TechCrunch

Policybazaar has raised $75 million as the Indian online insurance platform looks to expand its presence in UAE and Middle East. The startup, which is working on an initial public offering slated for next year , said it will use the fresh investment to expand its presence across the UAE and Middle East regions.

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Zenda gets $9.4M to streamline school fee payment and management

TechCrunch

Zenda , a UAE-based startup looking to change how parents pay school bills, and the way educational institutions manage fee collection, is eyeing Africa as its next frontier for growth. The UAE itself is a $8+ billion market for private education fees and they are already well poised to capture leadership.”.

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The First AI Center of Excellence Announced in the United Arab Emirates – Powered by DataRobot

DataRobot

We’ve had a busy few months in the Middle East and Northern Africa (MENA) building great relationships with important customers in the region and working closely with critical partners that will act as managed service providers helping us as we bring the value of AI to that market.

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MoneyHash gets $3M to build a super-API for payment operations in Africa, Mideast

TechCrunch

It’s an extensive process that has seen some Big Tech companies build dedicated teams to manage different connections, data and cycles with the payments gateways in the markets where they are present. The idea of the super-API is that you consolidate the different payment accounts and build all of these features on top of it.

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