This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The startup has also expanded to SaudiArabia, where it will be headquartered henceforth, after raising $1.2 This latest round had the participation of Launch Africa VC, 500 Global, Riyadh Angels, Alex Angels, Al Tuwaijri Fund and Saudi angel investor Faisal AlAbdulsalam. million seed funding. seed funding.
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. Other participating investors include 500 Global and MSAS. So Convertedin offers a solution where they can use their data best.
As the restaurant industry across different cities was massively hit by the pandemic-induced lockdowns last year, food aggregator platforms helped by driving online customers to them. Here’s how the platform works. Since launching in Egypt, Koinz has expanded to SaudiArabia and the UAE. million seed round.
The startup will hire local talents in SaudiArabia to expand further. The gaming industry is booming in SaudiArabia, with about 70% of Tamatem’s users, Hammo noted. . Indian storytelling platform Pratilipi raises $48 million led by gaming giant Krafton. “We have employees in the U.S.,
Tabby , the Dubai-based buy now, pay later (BNPL) platform that lets users shop, pay later and earn cash from over 3,000 global brands, including Adidas, IKEA and Bloomingdale, has completed a Series B extension of $54 million. Its two main markets are SaudiArabia and the UAE. The company has over 1.1
One such platform that is helping consumer brands leverage their data to grow is Gameball , a customer intelligence and marketing CRM platform, that was launched in 2020 by egyptian entrepreneurs Ahmed Khairy (CEO) Ahmed El Assy (CPO), and Omar Alfar (CTO). Gameball’s expansion drive is backed by a $3.5 Gameball raises $3.5M
One, most of them are excluded from various payment ecosystems globally due to their size, and two, getting hardware from providers can be expensive. . 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. The company has raised $3.4
After its Egypt launch, Swvl expanded to Kenya, Pakistan, Jordan and SaudiArabia. The company also moved its headquarters to Dubai as part of its strategy to become a global company. In the Middle East, Swvl joins music-streaming platform Anghami as the second startup to go public via a SPAC merger. billion on the NYSE.
Beco Capital led the five-month-old startup’s seed round, while A15 and Global Ventures participated. The platform is an evolution of customers’ checkout experience. Henna also mentioned that Sympl is growing 25% week-on-week in terms of the number of transactions made on the platform. SaudiArabia. . “It
Appetito , the Egyptian platform that delivers groceries and household products to customers from 11 dark stores across three cities in the North African country, is acquiring Lamma , an identical startup with operations in the Maghreb regions of Tunisia and Morocco. . The deal is expected to close by the end of Q3 2022.
Recent research suggests that the e-commerce market in SaudiArabia, UAE and Egypt account for a combined $21.4 FlapKap , using its revenue-based financing platform (RBF), is helping these stores solve the growth-destructive challenges emerging online stores encounter when trying to meet customer demands.
and Middle East VC firm Silicon Badia led the round , with participation from 4DX Ventures, Plug and Play Ventures, Wealth Well VC, Khwarizmi VC, as well as other regional and global investors. . He also claims that more than 2,200 businesses use its platform daily and achieve a 95% delivery success rate.
Volopay’s platform provides startups and enterprises flexibility by issuing virtual and/or physical prepaid multicurrency corporate cards in their local currency (SGD, AUD, INR, IDR, PHP, etc) with up to 5% cashback on all card transactions. In addition, Volopay will hire aggressively in each of its new markets. .
The global management consulting industry is worth billions of dollars but to this day it’s been tough to disrupt with technology. so far from Fatima Gobi Ventures and angels including Gokul Rajaram (DoorDash board member), the former Global CFO of PepsiCo and two managing partners of large consulting firms.
Vezeeta’s business has evolved from the “Uber for Ambulance” model it launched in 2012 to what it is now: a subscription-based doctor booking and consultation platform. Other platformsglobally, as reported by Layoffs.fyi , include the likes of PharmEasy, Sami and Truepill. .
Prosperity7, the venture capital arm of SaudiArabia’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.
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.
PayPal Ventures, the global corporate venture arm of PayPal, is one of the participating investors (this marks its first investment in the Gulf Cooperation Council (GCC) but second in the MENA region after Egyptian fintech Paymob ). Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation.
The rest of the round came from investors including iGlobe Partners, Alkemi, Global Brain, KDV and Infocom. The funding will be used to grow Docquity in its existing markets, like Indonesia and the Philippines, and enter new ones, including Japan, the United Arab Emirates, SaudiArabia and Egypt. million CME credits.
The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and SaudiArabia. While there are various jobs in every facet of life, tech jobs are currently in high demand in the global economy these days. Students on the platform go through two types of programs.
Selling vehicles in Europe was an explicit goal of Byton, which was also founded in China but fancied itself as a “global automaker,” with offices in Germany and the US. Public offerings, global expansions — these were all goals of startups that faltered. Canoo is just one example.
Last month, Egyptian B2B e-commerce platform Capiter made headlines after founders Mahmoud Nouh and Ahmed Nouh were ousted by its board as CEO and COO. It was one of the largest of that stage, and things seemed to be going well with the company until it laid off multiple employees between June and July, citing global macroeconomic trends.
Los Angeles–based B Generous , a self-described “fintech for good” platform, has launched Donate Now, Pay Later (DNPL) , a new tool it says allows donors “to make contributions to their favorite nonprofits through a proprietary philanthropic credit product called a Point of Donation Loan (PoDL). Fintech for good? Anita Ramaswamy digs in here.
The microfinancing platform connects investors with small businesses using mudarabah, a shariah-compliant profit-sharing agreement. Investors on Blossom Finance’s platform pool their money into funds, or cooperatives, which are then managed by microbanks. Meanwhile in Malaysia, where 61.3% out of its 33.6 They must have a solution.
Partner firms also use Servify’s eponymous platform to offer trade-ins, upgrade and financing programs to customers. Canada, SaudiArabia and Turkey, plans to expand to Latin America this financial year and is also exploring a debut in Japan, said Sreevathsa Prabhakar, founder and chief executive officer of the startup, in an interview.
Following this growth, it is planning on expanding to Egypt and the UAE, while doubling down on SaudiArabia, 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 SaudiArabia, and RAED Ventures, with participation from MENA focused VC firm Wamda Capital. “We
And today, the company is announcing that it’s just closed a $6 million seed round led by Global Founders Capital that included participation from firms such as Soma Capital, Graph Ventures, Adapt Ventures and OldSlip group. It is gearing up to formally launch in the UAE and SaudiArabia in the coming weeks. Sign up here !
When it raised in September, Jeeves — which describes itself as “an all-in-one corporate card and expense management platform for global startups” — was valued at $500 million. I don’t think this is a space where you’re going to have just one company globally that owns everything,” Thazhmon added.
An additional $15 million was raised from the same investors led by Dubai-based VC firm Global Ventures. Paymob has a perfect combination of high-quality technology, product customers increasingly cannot do without, and an outstanding management team, “Basil Moftah, general partner at Global Ventures, said of the investment.
billion last year — up 153% year-over-year in terms of global VC deal value. It also operates in the corporate spend and expense management space, with more of a global footprint and infrastructure component. In fact, it describes itself as the first “cross country, cross currency” expense management platform.
The company has already partnered with Google, which uses Stipop’s sticker library in Gboard, Android Messages and Tenor , a GIF keyboard platform that Google bought in 2018. In East Asia, users tend to prefer simple black and white stickers, but in India and SaudiArabia, bright, golden stickers top the trends.
Riiid has said it will continue to fuel its global expansion with the funding. . This acquisition is the first step in an inorganic strategy to ultimately apply Riiid’s AI technology to the global market and help more learners around the world.” . Riiid has been actively penetrating the global market since 2020 after it opened the U.S.
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. . The implementation began with EFE-US and EFE-Jordan.
India’s online learning platform Unacademy raises $150 million at $1.45 This investment is only the beginning of our journey in creating a new industry ecosystem and we will carry out this mission with global partnerships.” million students in Korea and Japan. billion valuation.
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. This has intensified public scrutiny on how the platform balances growth with social responsibility.
When Netflix reality show Dubai Bling debuted in 2022, it became a global sensation, garnering viewers across 51 countries. The show has been part of a surge in Arabic content on Netflix attracting global viewership. We were always producing for local platforms and channels. million hours of viewing time in its first week alone.
The Tesla and SpaceX CEO first announced his bid to buy Twitter in April 2022, zealously driven to rid the platform of spam bots and protect free speech. Even for one of the richest men in the world, $44 billion is a lot of money to cough up to buy a middling social platform. By October, the platform was his.
The first season exploded to the surprise of everyone, becoming a global pop culture sensation. Pink Guards popped up at Sydney Harbor and Bondi Beach, the canals of Venice , Bangkoks Chao Phraya river, SaudiArabias AlUla , and Beco do Batman in So Paulo. This time, there were years of anticipation.
Elon Musk’s pursuit to buy Twitter continues to have an impact on Tesla, which is why I’m back here writing about a social media platform. Gerard has more than 20 years of logistics and operational management experience and was most recently Global Customs Director, North America, at Flexport. — Rebecca Bellan.
Here are Bryan Pietsch and Jeff Stein in the Washington Post : The app says it is “America’s ‘Big Tent’ social media platform that encourages an open, free, and honest global conversation without discriminating against political ideology.” First, the news: Truth Social is live in the App Store, and hit No.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content