Remove Business Remove Local Remove Saudi Arabia
article thumbnail

Dubai-based Stake raises $8 million to let people across the globe invest in local properties

TechCrunch

The company, founded by Manar Mahmassani, Rami Tabbara, and Ricardo Brizido in 2020, has raised $8 million in a pre-Series A round from investors like BY Ventures, MEVP, and Vivium Holdings to expand its portfolio and launch in Saudi Arabia and Egypt. Stake’s business model relies on various fees. with an additional 0.5%

article thumbnail

Invygo raises $10M to make long-term car subscription a breeze

TechCrunch

Invygo, a startup operating in UAE and Saudi Arabia, has raised $10 million in its Series A funding led by MEVP as it works to scale its car rental service in the region. Roughly 200 cars are available for subscription in Saudi Arabia and 100 in UAE on the platform on a typical day. million to date.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Egyptian startup Convertedin raises $3M, caters to e-commerce brands in MENA and Latin America

TechCrunch

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. Convertedin’s revenues from these businesses have been growing in “double-digits” month-over-month, Fergany said. or Europe markets.”

article thumbnail

Bosta raises $6.7M to expand e-commerce delivery business across Africa and MENA

TechCrunch

But for any e-commerce business to thrive, its last-mile delivery arm has to be well figured out. Bosta is one such company in Egypt helping small businesses with logistics and last-mile delivery. Most of these businesses lack a strong delivery experience, and Ezzat left Lynks the following year to start Bosta. . million. .

Africa 99
article thumbnail

Pluto lands funding from corporate spend giants to build ‘Ramp for the Middle East’

TechCrunch

Founded in October 2021, Pluto’s first product is a card designed to help businesses digitize their cash spend. “Companies like Brex have attempted taking on Middle Eastern businesses and issuing them corporate cards from the U.S.,” “However, this only works for Middle Eastern businesses who also have a U.S.

article thumbnail

Nomod raises $3.4M seed to allow merchants accept payments without hardware

TechCrunch

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. ” For now, Nomod can acquire and settle merchants in the U.S.,

article thumbnail

SoftBank-backed Korean edtech startup Riiid acquires Langoo, expands in Japan  

TechCrunch

The exceptional capacity of Langoo in its local business with Riiid Tutor was the main reason for this acquisition,” said co-founder and CEO of Riiid YJ Jang. Riiid plans to shore up marketing, sales and B2B business development in Japan by setting up a Japanese unit via the acquisition. billion in 2020, increasing 22.4%

Japan 104