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

TechCrunch

The company, founded by Manar Mahmassani, Rami Tabbara, and Ricardo Brizido in 2020, has raised $8 million in a pre-Series A round from investors like BY Ventures, MEVP, and Vivium Holdings to expand its portfolio and launch in Saudi Arabia and Egypt. The company first raised a $4 million seed round last year.

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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. The Middle East-based startup, founded by Eslam Ahmed Hussein and Pulkit Ganjoo in 2019, has raised $14.3 There is Ekar, which last raised $17.5

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

TechCrunch

Jordan-based mobile game publisher TamatemGames announced today it has raised $11 million in a Series B led by KRAFTON , a South Korean game developer behind PUBG, marking its first investment in the Middle East and North Africa (MENA). The startup will hire local talents in Saudi Arabia to expand further.

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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 three-year-old Egypt-headquartered company also has offices in Saudi Arabia and Brazil; it just recently opened one in the latter. “We

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Japan’s Terra Drone gets $14M lift from Saudi investors

TechCrunch

Terra Drone said today it has raised $14 million in Series C funding from Wa’ed Ventures , the venture capital arm of Saudi Aramco , marking the VC firm’s first investment in Asia. For example, fossil fuel companies in Saudi Arabia will utilize Terra Drone’s technology for inspection services.

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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. El-Feky said when the company raises its next round of investment, expansion outside Egypt will be on the cards. Saudi Arabia. . “It The most likely destination?

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

TechCrunch

The company has raised $3.4 The plan for the company is to provide merchants with access to accounts, cards, local payment networks and lending. The plan for the company is to provide merchants with access to accounts, cards, local payment networks and lending. million in seed funding at a valuation of $50 million.