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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 SaudiArabia and Egypt. Stake’s business model relies on various fees. with an additional 0.5%
Invygo, a startup operating in UAE and SaudiArabia, 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 SaudiArabia and 100 in UAE on the platform on a typical day. million to date.
Convertedin , an Egyptian startup that operates a marketing operating system for e-commerce brands, has raised $3 million in a seed round led by SaudiArabia-headquartered Merak Capital. Convertedin’s revenues from these businesses have been growing in “double-digits” month-over-month, Fergany said. or Europe markets.”
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. .
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.
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.,
The exceptional capacity of Langoo in its localbusiness 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%
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 SaudiArabia by the end of 2023.
Chinas food delivery giant Meituan is hiring Arabic- and English-proficient talent for its likely entry into Riyadh, the capital of SaudiArabia, as the company puts expansion beyond China on its agenda as domestic consumption falls.
Meituan is reportedly set to officially launch in Riyadh in September or October, according to Chinese media outlet NBD, as the food delivery giant looks to replicate its growth in Hong Kong and mainland China in SaudiArabia. NBD, in Chinese ]
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. .
The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and SaudiArabia. Bouhlel says the company has local teachers in every country — over 500 in number — and they teach students in over 12 languages.
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, SaudiArabia, Jordan and Pakistan. – B2C business is also expected to be contribution margin positive before the end of 2022.
The company says it provides the underwriting, credit in local currency and the payment rails “for any business spend across countries and currencies.” Jeeves was founded in 2020 under the premise that startups have traditionally had to rely on financial infrastructure that is local and country-specific.
Higher interest rates mean far fewer purchases and refinances — and lots of business for fintechs operating in the real estate industry. This led to a boom in business for startups catering to home buyers. As we all know, the housing market goes through cycles. Low interest rates mean more purchases and refinances.
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.
I canceled my entire business, which was a big step. They came from Sudan, from SaudiArabia, from all over, some of the most unheard places of the world. The most powerful impact we found was actually in the women's leadership and influence locally. I feel like there's this wave right now of citizen journalism.
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.”
Meituan, Chinas local services platform, is accelerating its global expansion with a renewed focus on grocery retail, international markets, and artificial intelligence, CEO Wang Xing announced in a recent internal meeting. Why it matters: Meituans current business landscape is more complex than ever.
For someone who grew up in an era when sources of political information were few and narrow (the newspaper, TV news) and when venues for ordinary people to speak up about politics were also few (local town halls, letters to the editor), the Dean campaign was a truly exciting revolution. Is Huffington Post big business, financially speaking?
For someone who grew up in an era when sources of political information were few and narrow (the newspaper, TV news) and when venues for ordinary people to speak up about politics were also few (local town halls, letters to the editor), the Dean campaign was a truly exciting revolution. Is Huffington Post big business, financially speaking?
It’s a tough time to be in the business of environmental sustainability. Indeed, despite early gains75 countries have circular economy roadmaps and 55% of businesses , including IKEA and Dell, have made commitments to circularitythe movement appears to be stalled. Best in Business honoree and Fast Company.
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. Local Motors no longer exists with the exception of one last asset: its domain name. In 2010, he sold his retail eCommerce business, Giftback. miles per hour and automatic lights. Supply chain.
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