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Detroit-based Airspace Link has positioned itself as a provider of increasingly important infrastructure in the burgeoning drone services space, letting operators get local and federal approval quickly. “Municipalities are white-labelling the Airspace Link platform and saying, ‘That’s Michigan’s system.’
Dubai-based startup Stake is offering retail investors from across the globe to buy fractions of rental property in UAE’s marquee city and earn regular income. 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.
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).
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. and the UAE. Egypt’s Paymob closes $18.5M Series A to expand payments services across MENA.
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.
Jordan-based online learning platform Abwaab has raised $20 million in a Series A funding round (following a $5 million seed round in March of this year), making it one of the most funded edtech startups in the Middle East, North Africa and Pakistan (MENAP), a region that encompasses 160 million students. Abwaab on tablet.
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.
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 Image Credits: Palm.hr
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. .
based VCs Global Founders Capital (GFC) and Goodwater Capital and UAE-based early-stage firm VentureSouq. They say the platform has been launched in Sudan but declined to give specific numbers of customers actively using the product. This investment is coming after the startup’s undisclosed pre-seed round last year.
In 2017, iMile was founded by Rita Huang, a former employee of Chinese tech giants Huawei and Alibaba Cloud, in Dubai, UAE. The company targets the Middle East delivery market. In 2021, TikToks parent company ByteDance participated in the companys Series A funding round with an investment of $10 million.
Zypp Electric, an Indian startup that offers an EV-as-a-service platform catering to e-commerce companies and gig workers, has received a $25 million investment led by Taiwan’s battery-swapping giant Gogoro. The startup is eyeing Southeast Asia, the UAE and Europe as its first potential global markets.
Today, it has about 850 clients and over $4 trillion in client assets on its platform. Collective , an all-in-one back-office finance platform for the self-employed, which has raised over $28 million in funding, is hiring for five roles across engineering, marketing and member services (tax, accounting). billion valuation.
Finally, i f you, like me, are curious about how micromobility platforms are unlocking profits, and what tech is enabling this, you’re going to want to pay attention to this one. in a bid to localize manufacturing and become less dependent on sources overseas. There is particular interest in adding more capacity in the U.S.,
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?
based companies as customers already, Alloy announced it has now expanded its platform to 40 countries across North America, EMEA, LatAm, and APAC. The startup says it will also continue to grow its local presence and team in EMEA. .” Image Credits: Paystand/Yaydoo. Weekly News. Counting 300 U.S.-based
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.
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