TechCrunch

AUGUST 9, 2022

Convertedin , an Egyptian startup that operates a marketing operating system for e-commerce brands, has raised $3 million in a seed round led by Saudi Arabia-headquartered Merak Capital. The company, in a statement, said it plans to utilize the funds for strategic hiring and further development of its platform.

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TechCrunch

DECEMBER 5, 2022

OneOrder , Egypt’s supply chain solutions provider for restaurants, has raised $3 million seed funding led by Nclude with participation from A15, and Delivery Hero Ventures. The latest funding brings the total funding raised by the startup to $10.5. We are exploring Saudi Arabia and expanding south into our continent.

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TechCrunch

AUGUST 23, 2022

Dubai-based Zywa, a neobank for Gen Z, plans to fuel its growth in the United Arabs Emirates (U.A.E), and to kick-start its expansion to Saudi Arabia and Egypt after raising $3 million seed funding at over $30 million (110 million AED) valuation.

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TechCrunch

MARCH 6, 2022

The BNPL provider has raised $104 million in total Series B funding and plans to use this extension round to expand its consumer product offering and facilitate its international expansion, it said in a statement. Its two main markets are Saudi Arabia and the UAE. What’s your BNPL startup really worth?

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TechCrunch

DECEMBER 8, 2021

San Francisco-based venture debt fund Partners for Growth funded Opontia’s debt financing. Roll-up businesses convince smaller players on Amazon’s marketplace to sell their brands, thereby consolidating them into a single brand and managing their operations. Manfred Meyer and Philip Johnston (co-CEOs).

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TechCrunch

NOVEMBER 15, 2021

Micro and small businesses in emerging markets still struggle to access digital payments for several reasons. 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. million in seed funding at a valuation of $50 million.

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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 plans to shore up marketing, sales and B2B business development in Japan by setting up a Japanese unit via the acquisition.

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TechCrunch

OCTOBER 19, 2022

After scaling its B2B grocery delivery across Egypt for over three years, it intends to utilize its network and relationships with local and multinational suppliers and advance full distribution into Morocco, which now accounts for 10% of MaxAB’s business, and entry into Saudi Arabia by the end of 2023.

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TechNode

MAY 30, 2024

On Wednesday, Chinese PC maker Lenovo announced a strategic partnership with Alat, a subsidiary under Saudi Arabia’s Public Investment Fund (PIF) focused on transformative technology investments and sustainable manufacturing, with Alat proposing a $2 billion zero coupon convertible bonds investment in Lenovo.

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TechCrunch

FEBRUARY 28, 2022

Volopay, founded by Shaji and the startup’s chief technology officer Rajesh Raikwar , wants to disrupt traditional business banking and offer companies a control center for all their financial management needs without the hassle and limitation of a traditional bank. . The executive did not provide Volopay’s valuation. .

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TechCrunch

MAY 24, 2021

Today his startup — which builds AI-based personalized learning, including test prep, for students — is announcing a major funding round to help it position itself as a player in that process. Seoul-based Riiid has closed a funding round of $175 million, an equity round coming from a single backer, SoftBank’s Vision Fund 2.

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TechCrunch

MARCH 8, 2021

According to Momtaz, the startup’s CEO, the food aggregation industry usually takes about 25%-30% average commission from F&B players for business to start to make sense. Because of its original business model, Koinz had to iterate several times. Since launching in Egypt, Koinz has expanded to Saudi Arabia and the UAE.

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TechCrunch

AUGUST 23, 2022

Singularity Growth Opportunity Fund led the Mumbai-headquartered startup’s Series D funding. AmTrust and family offices including Pidilite and existing investors Iron Pillar, Beenext, Blume Ventures and DMI Sparkle Fund also participated in the round. Business outlook.

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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

FEBRUARY 6, 2023

Khairy told TechCrunch that since the startup’s launch, growth has been exponential and they have so far served over 7,000 businesses reaching 20 million customers. to give us access to Europe, and Saudi Arabia for the GCC region,” said Khairy. “We Gameball’s expansion drive is backed by a $3.5

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TechCrunch

JUNE 28, 2022

The last time we covered Vezeeta was in 2020, when it raised $40 million in Series D funding (the joint largest single healthtech round in Africa alongside Reliance Health ) from Gulf Capital and Saudi Technology Ventures (STV).

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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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TechNode

FEBRUARY 5, 2024

Chinese electric vehicle maker Human Horizons has failed to raise the new capital it needed from Middle East investors, spurring the recent closing of two showrooms and prompting the firm to look at cutting headcount in some departments to reduce costs and attempt to remain in business, souces told Chinese media outlet Caixin on Sunday.

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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

MAY 30, 2022

It’s been a very busy 18 months for SWVL leading up to this news. SWVL is present in 13 markets globally: the UAE, Egypt, Kenya, Germany, Spain, Italy, Switzerland, Turkey, Japan, Argentina, Saudi Arabia, Jordan and Pakistan. – B2C business is also expected to be contribution margin positive before the end of 2022.

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TechCrunch

JUNE 6, 2022

Since Fenix’s founding as a shared e-scooter operator in 2020, the company has regularly added business lines, from 10-minute grocery delivery to micromobility subscriptions to, now, ride-hail. Otherwise, the company is mainly relying on profits from its core micromobility business to fund these new business lines.

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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

MARCH 22, 2022

The company says it provides the underwriting, credit in local currency and the payment rails “for any business spend across countries and currencies.” For now at least, corporate cards — which today make up about 45% of Jeeves’ business — remains its marquee product. . So just what does Jeeves do exactly?

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TechCrunch

OCTOBER 31, 2022

Circle of friends : Egyptian fintech Money Fellows banked $31 million in new funding to, what Tage describes as, “digitizing money circles,” which is where people essentially save and borrow together as a group. “Keep in mind that funding will solve your money problems, but it won’t solve everything else,” he says.

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TechCrunch

MAY 31, 2022

Similar upstarts such as Rabbit have operations in Egypt and Saudi Arabia, while older players like Breadfast , though only operational in Egypt, runs more than 50 dark stores. . Flink, the German instant grocery upstart, snaps up France’s Cajoo for ~$93M, takes fresh Carrefour funding, sources say at $5B valuation.

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TechCrunch

AUGUST 28, 2022

This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. Higher interest rates mean far fewer purchases and refinances — and lots of business for fintechs operating in the real estate industry. Suddenly, many needed more space.

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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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The Verge

DECEMBER 23, 2020

After Lucid Motors languished in search of the funding required to build its luxury sedan and a factory in Arizona, it ultimately turned to Saudi Arabia — which is now the majority owner. The outlier here is Rivian, the Michigan-based EV company that aims to bring an electric pickup truck and SUV to market next year.

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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

JANUARY 18, 2022

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

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TechCrunch

APRIL 27, 2023

The microfinancing platform connects investors with small businesses using mudarabah, a shariah-compliant profit-sharing agreement. Quite naively, I thought there are plenty of Muslims who own businesses, surely they face the same problem,” he said. Meanwhile in Malaysia, where 61.3% out of its 33.6 They must have a solution.

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The Verge

MAY 25, 2021

The new one has upended the startup’s business model and largely thrown out the projections that were used to raise around $600 million during last year’s merger with a SPAC. billion to the sizable war chest it started building when Saudi Arabia pledged some $1.3 billion in exchange for majority control in 2018. Fisker Inc.

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TechCrunch

AUGUST 11, 2023

Our data licensing and API with X is an incredible business. Our new subscription business [is] growing,” Yaccarino said. The lawsuit alleged that the social network “fuels its business with countless infringing copies of musical ‘compositions, violating Publishers’ and others’ exclusive rights under copyright law.”

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TechCrunch

FEBRUARY 28, 2022

But as with all companies like Lucid that have been busy building in anticipation of future sales, there’s more to the story. Lucid is also building a new manufacturing facility in the Kingdom of Saudi Arabia that it expects to finish by 2025. The company estimates the Saudi plant could bring in up to $3.4

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TechCrunch

MAY 25, 2022

million seed investment from A15; this brings its total funding raised from the VC firm to $3 million since its launch in 2018. Esaal isn’t only in the business of consultations on physical health. We are proud to see their growth and enjoyed building the business with them throughout the last four years.

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TechCrunch

MAY 2, 2022

If legalized, this will also open up a huge market to the e-scooter makers of the world, and might even spark more homegrown business. 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.

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Cloud 4 Good

MAY 3, 2022

Through a global network operating in nine countries across the MENA region, EFE trains young people with the skills necessary to succeed in work and life and then matches the next generation of ready-to-work talent with businesses in need of qualified employees. . Rethinking Business Processes. From Spreadsheets to Salesforce.

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