TechCrunch

OCTOBER 31, 2021

million in seed funding. According to him, ShipBlu is one of the few e-commerce fulfilment companies that offers that service to customers in the country. “We Over 100 million people live in the North African country compared to Saudi Arabia’s 30 million+ people, yet the e-commerce market in Egypt is a third of Saudi Arabia’s.

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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

OCTOBER 12, 2022

Recent research suggests that the e-commerce market in Saudi Arabia, UAE and Egypt account for a combined $21.4 million in seed funding to supercharge its efforts. Aside from the financing solutions we offer our partners, we also give them other value-added services to help them go further.

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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 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

FEBRUARY 3, 2022

That has accelerated card acceptance –– with 90% card acceptance rates in the UAE and Saudi Arabia by some estimates — in the region. “It’s taken all this time since historically, banks have been extremely reluctant to partner with fintech companies, to help co-create financial products and services,” Aziz said.

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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

FEBRUARY 7, 2023

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. “We

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TechCrunch

DECEMBER 8, 2021

San Francisco-based venture debt fund Partners for Growth funded Opontia’s debt financing. In the areas where these companies operate, Amazon is a ubiquitous marketplace that sells goods and uses its fulfilment arm and Prime service as the infrastructure to fulfil the orders.

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TechCrunch

JULY 28, 2021

The trio started the company as a bus-hailing service in Egypt and other ride-sharing services in emerging markets with fragmented public transportation. Its services, mainly bus-hailing, enables users to make intra-state journeys by booking seats on buses running a fixed route.

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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

NOVEMBER 15, 2021

million in seed funding at a valuation of $50 million. 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. The company has raised $3.4

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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. Servify is also looking to deploy the fresh funds to buy smaller firms.

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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

FEBRUARY 28, 2022

Many of our competitors around the world will opt to integrate with third-party infrastructure suppliers to provide financial services,” Rajith told TechCrunch. Volopay’s Series A round, for example, was led by JAM Fund, an existing investor. “That restricts the type of products you can offer clients.

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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

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

FEBRUARY 17, 2022

CDG Invest, Y Combinator, Flexport, Swiss Founders Fund, Outlierz Ventures, and a few angel investors from the U.S., And after the package has been delivered , retailers can control invoices from the delivery providers, analyze the performance and quality of service, and get insights on inefficiencies within their organization.

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TechCrunch

JUNE 6, 2022

Abu Dhabi-based mobility startup Fenix has added ride-hail and courier services to its portfolio of mobility products. Fenix launches ride-hailing service in Bahrain. All of Fenix’s products and services are available in the same app, the goal being to create one “mobility super app” to serve the greater Middle East.

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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

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

The acquiree, Lamma, launched in Tunisia as a carpooling service two years ago. 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. .

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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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TechCrunch

OCTOBER 1, 2021

One study conducted in a hospital in Saudi Arabia surveyed 37 families with children who were using eye patches to treat amblyopia. million in funding, per Crunchbase. . Luminopia, like EndeavorRx, is a prescription-only therapeutic service that doesn’t have a predecessor.

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TechCrunch

APRIL 27, 2023

Southeast Asia is already home to a thriving fintech scene, where Grab , GoTo and Sea have built super apps that encompass financial services, and startups like Xendit , Akulaku and Dana (to name a few) have raised hundreds of millions of dollars for payments, banking services and other financial tools. out of its 33.6

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TechCrunch

MARCH 22, 2022

The startup claims that by using its proprietary banking-as-a-service infrastructure, any company can spin up their finance function “in minutes” and get access to 30 days of credit on a corporate card (with 4% cash back), non card payment rails, as well as cross-border payments. Its goal is to cover over 40 countries in the next three years.

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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. Rowe Price reduced the value of its stake in Stripe, part of its Global Technology Fund, the latest reduction in its worth is not unique. Fundings and M&A. Seen on TechCrunch.

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The Verge

OCTOBER 7, 2021

Amazon purchased some 26 percent of the 576 million shares Rivian offered during its Series A through F funding rounds (which spanned from February 2019 to January 2021). Amazon has bought 26 percent of Rivian shares sold since its Series A funding round. billion from Amazon, Ford, T. Rowe Price, and Mannheim Investments.

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TechCrunch

AUGUST 11, 2023

Video calls are coming to X CEO Linda Yaccarino confirmed in her first TV interview that video calls will be a new feature coming to the service, as part of its transformation into an “everything app.” The service was recently renamed to XBlue during the Twitter rebrand to X. Lawsuit time.

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TechCrunch

APRIL 8, 2021

Other investors include Egyptian investment fund A15 and Dutch development bank FMO. Regional expansion (with an imminent entry into Saudi Arabia this year) is one of Paymob’s objectives following this raise. After its first $54M fund, Algebra Ventures launches $90M fund for startups in Egypt.

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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. Users access these services via an app (text, video/voice calls and in-person visitations) and pay with cash, credit cards, Vodafone and Fawry. Image Credits: Esaal.

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TechCrunch

MAY 2, 2022

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. ” It’s unclear where the remaining funds needed in the $44 billion deal will come from. Much of Musk’s fortune is tied up in Tesla stock.

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Cloud 4 Good

MAY 3, 2022

This critical need led EFE to Cloud for Good in pursuit of Salesforce implementation services that could build and configure a system capable of tracking and managing EFE workforce development efforts. Throughout this expansion, Cloud for Good Managed Services helped ease transitions, train staff, and build capacity.

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