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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.
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 ]
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.
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.
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.”.
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.
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.
Though it launched with eyes on the Middle East and Africa, the company has only made efforts in some parts of the former (the UAE and Saudi Arabia) while making significant headway into Central and Eastern Europe, particularly Turkey and Poland. TechCrunch gathered that Opontia has somewhat switched focus on its target market.
Payments will act as the company’s flywheel to acquire a merchant base and build out a financial operating system, founder and CEO Omar Kassim told TechCrunch. 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.
AI-generated profile pictures created by sites like ThisPersonDoesNotExist.com have some unique advantages when it comes to building fake online personas. AI-generated headshots are increasingly realistic.
Gen Zs in the UAE spend about AED 5B+ every year, and still rely on cash or their parents’ cards despite having options like supplementary cards issued by their parents’ banks. The app brings convenience to parents too as it enables them to send money to their children, and to monitor their spending and saving habits.
The UAE are in an incredible state of construction: I don't know of many places on earth (other than China) where so much has been built so fast. Dubai City itself has the world's tallest building (which I only caught in the distance looming out of the smog).
Recent research suggests that the e-commerce market in Saudi Arabia, UAE and Egypt account for a combined $21.4 The revenue-based financing company for e-commerce platforms, which claims to be growing 300% quarter over quarter, also mentioned that it has partnered with tens of clients from Egypt and UAE in six months.
Masdar, the United Arab Emirates’ clean energy powerhouse, has selected CATL for a contract to supply its battery energy storage systems (BESS) as part of its plan to build the world’s first large-scale, round-the-clock gigascale project, the companies announced Jan. The $6 billion project will include a 5.2-gigawatt
Over 50,000 car owners across three markets — Egypt, the UAE and Saudi Arabia — use Odiggo. “We are also aiming to be fully focused on spending more on our product and technology, as building an ecosystem to monetize requires more capital. The company also works directly with over 300 merchants.
The round was led by existing investor BECO Capital (UAE) and joined by 4DX Ventures (USA), GSV Ventures (USA), Watar Partners (KSA) and others. Founded in late 2019, the startup has expanded from Jordan into Egypt and Pakistan. It previously acquired Pakistani edtech startup Edmatrix.
Cars24, however, has followed a different playbook, exporting its model to several countries in the last year, starting with the UAE (July 2021), and then Australia and Thailand (both in October). Launching in more developed markets like Australia and UAE has seen Cars24 adjusting its approach based on different market factors, he added.
At some point when I was building software for SMBs to book and manage travel globally, I saw businesses were beginning to do something different,” the chief executive said to TechCrunch over a call. Sequoia Capital India and Founders Fund back UAE-based proptech startup Huspy in its $37M round.
Its two main markets are Saudi Arabia and the UAE. Hosam, Daniil and the team at tabby have built a strong, customer-first and market-leading BNPL business in Saudi Arabia and the UAE, and we’re excited to join their journey as they continue to build a consumer-focused financial services business across the region.”.
It’s very important that whenever you take a photo of someone [in the UAE] you have to be very careful to anonymize that immediately,” said Abentheuer. The app builds an almost instant layer of trust and safety that is very important.”. Importantly, it does it all in real time on device, meaning no undoctored footage is captured.
Qureos , a UAE-based edtech and remote work marketplace that is changing how people upskill and get jobs across the globe, plans to grow the uptake of its platform by 10 times this year in its race to create 100 million jobs over the next few years. We also have an aggressive plan to strengthen our technology and product,” said Epure.
We will probably build a repository of that data so our customers can leverage that data to access other goods and services.”. One, startups are building solutions identical to other emerging markets, such as QuintoAndar in Latin America, Huspy in the UAE and NoBroker in India. So we’re getting a lot of that type of data.
Our plans for the future are 10 times stronger than what we have been building for the past 6 years,” added the chief executive. “We Even Dan Caruso, the managing director of Caruso Ventures, said his firm invested in the company because it is uniquely positioned to build a global platform and partner with top telecom operators globally.
Operators are building their own systems to prove they have radar and surveillance systems, to calculate the probability of crashing on people, on critical infrastructure… you have to build a safety case to the FAA.” And we’re trying to do it before people figure out how we’re doing it,” Healander said.
Ashraf Sabry, CEO of Fawry, said the investment in Mylerz is part of its strategy “to build an integrated commerce ecosystem in Egypt and explore international expansion opportunities with strong partners like Mylerz and Lorax.”.
The Gurugram-based startup is building an Amazon-like platform to help brands quickly find relevant influencers for their marketing campaigns. One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S.,
“We will continue to invest in building technology and supply chain capabilities to enable growth of the manufacturing and infrastructure sector. and the UAE and counts manufacturing giants such as Hero MotoCorp, Vedanta, Tata Steel, Unilever and Air India and NTPC among its customers.
based VCs Global Founders Capital (GFC) and Goodwater Capital and UAE-based early-stage firm VentureSouq. Its experienced and talented founding team has the drive and expertise to build a product that is universally valued by consumers, partners and regulators in Sudan and the wider East Africa region.”.
UAE residents also have one of the largest ecological footprints on our planet. mobile application developers to build a robust prototype. Where did the idea for Picky Polly come from? Since moving to Dubai over 3 years ago, I’ve observed that this city is the epitome of excessive consumption.
The startup will use the Series A proceeds to build new technologies that complement its existing product and enhance its integration with enterprise resource planning, human resource management and customer relationship management software.
This round is a testament to what we are building at Stake and our mission to bring access and liquidity to the oldest, largest, and most sought-after asset class in the world. To acquire a property, Stake looks at factors like location, build quality, view, and if it has tenants. Image Credits: Stake.
Building its platform this way, Koinz tries to be different from other online aggregators that erode restaurant owners’ profit margins while delivering limited customer access and interaction. Since launching in Egypt, Koinz has expanded to Saudi Arabia and the UAE. The offline customer is like a ghost.
The company said that the investment is coming from existing investors German automotive giant Daimler, the UAE’s ALFAHIM Group and btov Partners. Blacklane is on the road to building a profitable on-demand transportation platform. “Thanks to this financing, we will continue to fast-track our innovation, with zero layoffs.”.
It sounds like a lot to build up, but Hasan points out that a lot of this is already done by the oil industry, which as you might guess is fairly ubiquitous in the region. “We want to facilitate carbon capture companies, so we’re building the CO2 sinks here and operating a plug and play model. We’ll know more once 44.01
million in a funding round led by UAE-headquartered VC fund Winter Capital. We believe that there will be a new generation of edtech companies capable of building organic, low-cost distribution, allowing students to study at $10 per year rather than $10 per hour. However, they lacked a cost-effective distribution.
Vadym Synegin is a Ukrainian impact entrepreneur, philanthropist and investor in fintech and crypto projects with more than 15 years’ experience as an entrepreneur in Europe and the UAE. More posts by this contributor. 5 reasons why Ukraine’s fintech sector is growing despite war.
And that’s what Freterium, a YC-backed startup launched in 2020, is trying to build: a holistic approach to solving critical backend challenges of the freight industry. We’re building a logistics operating system to allow the shippers, our customers to manage all of their domestic shipments on a single interface.
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 Saudi Arabia, UAE and Kuwait. Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation.
SWVL is present in 13 markets globally: the UAE, Egypt, Kenya, Germany, Spain, Italy, Switzerland, Turkey, Japan, Argentina, Saudi Arabia, Jordan and Pakistan. – Builds on recent acquisitions of TaaS and SaaS businesses Viapool, Volt Lines, Shotl and pending acquisition of door2door which improve profitability margins.
Invygo, a startup operating in UAE and Saudi Arabia, has raised $10 million in its Series A funding as it works to scale its car rental service in the region. “You’ll still need to figure out how to acquire customers, find the best talent, build an incredible product, assemble a great advisory board and get to product-market fit.”
The consumer fintech company is focused on helping people build credit and raised $30 million in June 2021. in seed funding Hala acquires UAE-based startup Paymennt.com to expand its operations in the SME sector Fintech AdalFi raises funds in sign of life for Pakistan VC market That’s it for now. For those of you in the U.S.,
So that was one of the reasons why we decided to build our own wearable — so that we have control over the accuracy of the insights and also the ability to derive some of these insights which was not possible with the existing class of wearables.”
Customers are impressed, as the gas-powered T2 was temporarily out of stock at some dealers in Middle East countries including the UAE, Saudi Arabia, and Qatar earlier this year, according to Ke. The plug-in hybrid version has two electric motors to handle tough terrain with a maximum torque of 610 Nm and travels 15.8
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