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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.
Omar Sultan Al Olama, UAE Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, at the World Governments Summit in Dubai. The news comes on the heels of Tuesdays public conversation between Baidu chief executive Robin Li and H.E.
In today’s digital era, the UAE Pass has become more than just a convenience — it is a necessity for anyone living or doing business in… Continue reading on Medium
It’s digitizing the process of operating short-term rentals for large and small property owners by providing an operating system that includes tools needed to monetize and manage their properties. Sequoia Capital India and Founders Fund back UAE-based proptech startup Huspy in its $37M round. That’s where Silkhaus comes in.
Policybazaar has raised $75 million as the Indian online insurance platform looks to expand its presence in UAE and Middle East. billion people currently have access to insurance and some analysts say that digital firms could prove crucial in bringing these services to the masses. A screengrab of Policybazaar website.
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. Fee payments in schools are mostly manual, and where it is digital, it is cumbersome, expensive and has a manual aspect to it,” said Thiagarajan.
The United Arabs Emirates (UAE) and Saudi Arabia became the first member states to adopt the treaty in 2018, and its implementation meant that for the first time businesses in these territories were required to file VAT returns periodically. Wafeq is a ratified provider in Saudi Arabia, and the UAE (e-invoicing is not mandatory there yet).
As Senior Technical Analyst at GlobalData, Beatriz Vale explains “It will be exciting to follow the evolution of the new AI CoE, in the stimulating environment offered by Hub71, and within the context of the fast-growing market of Abu Dhabi and the UAE, the second largest economy in the Arab world.”
Founded in October 2021, Pluto’s first product is a card designed to help businesses digitize their cash spend. That has accelerated card acceptance –– with 90% card acceptance rates in the UAE and Saudi Arabia by some estimates — in the region. It is gearing up to formally launch in the UAE and Saudi Arabia in the coming weeks.
Micro and small businesses in emerging markets still struggle to access digital payments for several reasons. 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.
General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority co-led the round. . Specifically, the company plans to continue investing in nationwide infrastructure, technology and logistics and toward accelerating digitalization of Turkish SMEs.
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.
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. While these options give access to digital payments, they are not fundamentally designed for Gen Z, and this is where we add value,” Kumar, said in a statement. “We
The UAE-based international venture capital firm, Global Ventures, also took part in the round, as did existing investors Novastar Ventures, and Proparco, the French development finance institution, through their Digital Africa initiative.
Nigeria-based health tech startup Helium Health has acquired Meddy , a Qatar-headquartered and UAE-based doctor booking platform for an undisclosed amount. Meddy currently serves more than 150 private clients within the UAE and Qatar. Nigeria’s Helium Health raises $10M Series A for Africa expansion. The company, backed with just $1.8
And we’re seeing a smaller company try to crack some of the hold that a major tech incumbent enjoys over a huge piece of the digital economy. More than a few funding rounds are cracking off this morning, including neat rounds from African fintech Mono , India-and-UAE-based Zeta , Emitwise raising $3.2
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.
Its two main markets are Saudi Arabia and the UAE. Consumer-centric digital financial services provided real-time and without friction can unlock the growth of commerce and benefit the ecosystem as a whole. What’s your BNPL startup really worth?
Bloom , a Sudan-based fintech that offers a high-yield savings account and adjacent digital banking services, has raised a $6.5 based VCs Global Founders Capital (GFC) and Goodwater Capital and UAE-based early-stage firm VentureSouq. Visa is taking the lead as a first mover in digital payments in Sudan. million seed round.
VUZ , a social app that allows users to stream and experience immersive realism in extended reality (XR) and metaverse digital experiences, has raised $20 million in Series B investment. One such partner is the newly rebranded UAE-based telecom operator, e&; its VC arm, e& capital , launched a $250 million fund this week.
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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. While the bill doesn’t let you use digital assets as a form of payment, it seeks to create proper conditions to establish a strong cryptocurrency market.
Following this growth, it is planning on expanding to Egypt and the UAE, while doubling down on Saudi Arabia, against the backdrop of $5 million pre-Series A funding it has raised, in a round led by Europe-based VC Speedinvest, which marked its debut into Saudi Arabia, and RAED Ventures, with participation from MENA focused VC firm Wamda Capital.
Microsoft describes its Windows 11 NFT as a “one-of-a-kind cryptographic token that lives in your digital wallet and unlocks valuable experiences and rewards.” pic.twitter.com/ANr3kPpX6j — Microsoft UAE (@MicrosoftUAE) October 4, 2021. Bringing to you the launch of #Windows11 straight from Burj Khalifa tonight!
million in a funding round led by UAE-headquartered VC fund Winter Capital. “What we have been able to do is get schools and students on one end of the platform, so now we need to get digital learning to flow through us,” Pandey said. million students.
Latest global social, digital, mobile data for ya : his report presents all the key statistics, data and behavioural indicators for social, digital and mobile channels around the world. For other reports in this series, please visit [link] H/T to Social Fish'
Instead, its actively building platforms for everything from drug discovery (Clara for Biopharma) to autonomous vehicles (Drive AGX) to video production (Holoscan) to digital twins (Omniverse). Snorkel says its year-over-year annual bookings doubled during 2024, with triple-digit growth in annual bookings in each of the last three years.
Meanwhile, Frederic reports on Google Cloud launching AlloyDB Omni ; Ivan has your look at Google’s new ad transparency center ; Manish reports on an Android antitrust case in India ; Aisha writes about new Google Search features ; and Lorenzo and Carly round it out with a story on hackers using spyware to target users in the UAE.
By collecting real-time data and leveraging a digital rewarding system designed to drive customers to deepen their relationship with restaurants. Since launching in Egypt, Koinz has expanded to Saudi Arabia and the UAE. Image Credits: Koinz. Like Egypt, these markets have similar dynamics and demographics.
While incumbents have pioneered various enterprise resource planning (ERP) systems to digitize these processes, companies would still get four to five different software platforms to complete multiple tasks. They are electronic yet manual processes that make their work very inefficient. African tech took center stage in 2021.
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. We adore Aisha ’s headline, “Instagram is giving Twitter a run for its money as the most chaotic social network today.”
Companies (like digital mortgage lender Better.com) couldn’t keep up and had to go on a hiring spree to meet all the consumer demand. Digital mortgage lender Better.com conducted its first of four layoffs in the past nine months on December 1, 2021. This led to a boom in business for startups catering to home buyers. Then 2022 came.
As he pointed out, pricing in some fintech categories dropped almost 60% according to Pitchbook, and digital and crypto companies are down over 65%. “We Savana raises a fresh round of capital to digitize banks’ services. We are starting to see some of the public market valuations impact private market valuations. Well, that was fast!
The UAE took in 46% of the total venture capital received in the Middle East and Africa in 2021, according to the country’s Ministry of Economy. In 2017, the UAE created an artificial intelligence ministry position, which it filled with H.E. TechCrunch: Is the UAE’s venture capital presence fairly new? were invested in the UAE.
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