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Dubai-based Stake raises $8 million to let people across the globe invest in local properties

TechCrunch

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.

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Invygo raises $10M to make long-term car subscription a breeze

TechCrunch

Invygo, a startup operating in UAE and Saudi Arabia, 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.

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TamatemGames raises $11M Series B led by PUBG maker Krafton

TechCrunch

The startup will hire local talents in Saudi Arabia to expand further. The gaming industry is booming in Saudi Arabia, 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.,

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Egyptian startup Convertedin raises $3M, caters to e-commerce brands in MENA and Latin America

TechCrunch

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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MaxAB, an Egyptian B2B e-commerce platform for food and grocery supplies, nabs $40M

TechCrunch

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.

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Nomod raises $3.4M seed to allow merchants accept payments without hardware

TechCrunch

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).

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Egyptian fintech Sympl raises $6M for its ‘save now, pay later’ service

TechCrunch

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.