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The startup, found in 2020, claims that because of Dubai’s real-estate rules it has managed to attract investing users on the platform from over 80 countries in the world. The firm says it lists premium properties on its platform that are already on rent. The company first raised a $4 million seed round last year. Image Credits: Stake.
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. On the platform, the company provides car details like model number, year of the make, and kilometers the car has clocked. million to date.
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.,
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. The company, in a statement, said it plans to utilize the funds for strategic hiring and further development of its platform.
Last year, MaxAB , the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches ; the latter accompanied its acquisition of the Morocco-based and YC-backed WaysToCap. For MaxAB, that’s its sweet spot.
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 plan for the company is to provide merchants with access to accounts, cards, local payment networks and lending. The company has raised $3.4 Omar Kassim (Nomod CEO).
But there’s a little twist to Sympl’s offerings which the founders made in a bid to localize its product for the Egyptian market. 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.
. “So I was always thinking, how come if we want the e-commerce to grow, and we don’t have any strong company when it comes to last-mile because, in the end, every transaction on an e-commerce platform is a transaction on a courier platform.” “You can use Bosta to get anything to your doorstep.
The program is managed by the Institute of International Education (IIE), and implemented with a coalition of leading new media experts and local and international partners from the public and private sectors. N2VLabs provides support for the best of the best Arabia geeks who have a promising technology idea or social platform.
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 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. Students on the platform go through two types of programs.
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.
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. Egyptian startup Capiter raises $33M to expand B2B e-commerce platform across MENA. What ensued after this led to the current spat between founders and investors.
But buying a bunch of prepaid debit cards from the local corner store and then surveying the recipients every week to see if it’s helping isn’t a scalable solution, and the lack of data is a major reason why city governments are reluctant to fund it. Truist acquires data governance platform from Zaloni. Fintech for good?
A few years ago, Richard Schrems was working as a human resources consultant in Riyadh, and at one point sought to implement a tech-solution for his clients to help them better their huge teams, but couldn’t find a localized solution. With a similar, but localized approach, we believe that palm.hr For instance, in SaudiArabia, palm.hr
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. The company says it provides the underwriting, credit in local currency and the payment rails “for any business spend across countries and currencies.”
That has accelerated card acceptance –– with 90% card acceptance rates in the UAE and SaudiArabia by some estimates — in the region. It is gearing up to formally launch in the UAE and SaudiArabia in the coming weeks. Egypt’s Paymob closes $18.5M Series A to expand payments services across MENA.
The platform helps online and offline merchants to accept payments from their customers via several products and solutions. Regional expansion (with an imminent entry into SaudiArabia this year) is one of Paymob’s objectives following this raise. For Paymob, it claims to have grown its monthly revenue over 5x last year.
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. The company expects to address local remote learning and education in the market. Byju’s acquires coding platform Tynker for $200 million in US expansion push.
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.
Though he had worked on multiple Arabic-language shows previously, they were local projects with nowhere near the scope of Netflixs viewership. As the streaming platform has invested in stories told in Arabic, it has given Arab-led projects global reach by dubbing them in multiple languages.
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.
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. But just like the creative strategy, Lee says local markets were in charge of what brand collabs would work best for their audiences. As of February 14, Season 2 had 14.25
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. Local Motors no longer exists with the exception of one last asset: its domain name. — Rebecca Bellan. Deal of the week. million shares of Tesla worth about $8.5
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