TechCrunch

JANUARY 24, 2023

The United Arabs Emirates (UAE) and Saudi Arabia became the first member states to adopt the treaty in 2018, and its implementation meant that for the first time businesses in these territories were required to file VAT returns periodically. Wafeq is a ratified provider in Saudi Arabia, and the UAE (e-invoicing is not mandatory there yet).

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TechCrunch

DECEMBER 19, 2021

MAX ) is planning to enter more markets across Africa as it races towards formalizing the continent’s transportation sector after securing $31 million in Series B funding. Nigerian mobility tech startup Metro Africa Xpress Inc. (

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TechCrunch

AUGUST 22, 2021

Servicing one’s car personally is a time-consuming, expensive and painstaking process. It allows car owners to get the help they need by finding car services and parts suppliers from providers around them. It allows car owners to get the help they need by finding car services and parts suppliers from providers around them.

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TechCrunch

DECEMBER 8, 2021

TechCrunch gathered that Opontia has somewhat switched focus on its target market. Though it launched with eyes on the Middle East and Africa, the company has only made efforts in some parts of the former (the UAE and Saudi Arabia) while making significant headway into Central and Eastern Europe, particularly Turkey and Poland.

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TechCrunch

FEBRUARY 3, 2022

the corporate spend space is getting increasingly competitive, with several startups clamoring to gain market share. But in the Middle East, the market is far less crowded. That has accelerated card acceptance –– with 90% card acceptance rates in the UAE and Saudi Arabia by some estimates — in the region. and the UAE.

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TechCrunch

NOVEMBER 15, 2021

Micro and small businesses in emerging markets still struggle to access digital payments for several reasons. This suite of services is essential in the primary markets in which Nomod is aiming to build a significant merchant base, like Saudi Arabia, the UAE and Bangladesh.

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TechCrunch

OCTOBER 31, 2022

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. Invygo offers three kinds of rental services. Roughly 200 cars are available for subscription in Saudi Arabia and 100 in UAE on the platform on a typical day.

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TechCrunch

NOVEMBER 10, 2021

Nigeria-based health tech startup Helium Health has acquired Meddy , a Qatar-headquartered and UAE-based doctor booking platform for an undisclosed amount. The company could have built out these services but acquiring Meddy presented a better option due its expansion play.

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Fast Company Tech

MARCH 18, 2025

Nvidia kicked off the AI race by providing the computing power with its market-dominating graphics processing units (GPUs). The company offers a new service called ChatGPT Pro that provides unlimited access to o1 proper for $200 per month. enterprise market during 2024. But one company is already reaping the rewards. Gemini 2.0

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TechCrunch

DECEMBER 19, 2021

With supply chains in the automotive industry continuing to be disrupted due to Covid-19, demand has surged in the used-car market. Cars24 claims to have a 90% share of India’s used-car market, and it’s gotten there by way of technology. It plans to add to that list with its next markets in Southeast Asia, Jangid confirmed.

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TechCrunch

AUGUST 23, 2022

Gen Zs in the UAE spend about AED 5B+ every year, and still rely on cash or their parents’ cards despite having options like supplementary cards issued by their parents’ banks. The app brings convenience to parents too as it enables them to send money to their children, and to monitor their spending and saving habits.

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TechCrunch

OCTOBER 7, 2021

By leveraging this investment, we will capture broader Japanese market opportunities. 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.” . The company expects to address local remote learning and education in the market.

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TechCrunch

AUGUST 31, 2021

Comparable to DoorDash Drive or Lalamove (Malaysia), Dostavista is a “crowdsourced” same-day delivery service. At the same time, it has raised $35 million in a Series C funding round led by UAE-based investor Mubadala. Dostavista, the ‘crowdsourced’ same-day delivery service, raises $15M Series B.

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TechCrunch

MARCH 6, 2022

Its two main markets are Saudi Arabia and the UAE. A surprising event, according to him, is the fact that these Middle Eastern markets—while still in relative infancy—seem to be adopting BNPL at checkout faster than some developed markets. Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation.

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TechCrunch

AUGUST 9, 2021

General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority co-led the round. . Trendyol , an e-commerce platform based in Turkey, has raised $1.5 billion in a massive funding round that values the company at $16.5 The deal marks SoftBank’s first in the country.

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TechCrunch

OCTOBER 11, 2021

The round, which is a combination of equity and debt financing, lists investors from the Middle East, including DisruptAD and (the VC arm of ADQ, an Abu Dhabi-based sovereign wealth fund), and SHUAA (a major UAE asset management and investment banking firm). The biopharma industry uses more optimistic numbers.

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TechCrunch

OCTOBER 12, 2022

Recent research suggests that the e-commerce market in Saudi Arabia, UAE and Egypt account for a combined $21.4 The revenue-based financing company for e-commerce platforms, which claims to be growing 300% quarter over quarter, also mentioned that it has partnered with tens of clients from Egypt and UAE in six months.

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TechCrunch

OCTOBER 4, 2022

We will probably build a repository of that data so our customers can leverage that data to access other goods and services.”. For years, proptech, unlike fintech, hasn’t witnessed exploding growth in Africa despite real estate needing as much innovation as financial services in the region. “So we’re getting a lot of that type of data.

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TechCrunch

JULY 19, 2022

Bloom , a Sudan-based fintech that offers a high-yield savings account and adjacent digital banking services, has raised a $6.5 based VCs Global Founders Capital (GFC) and Goodwater Capital and UAE-based early-stage firm VentureSouq. “The The plan is to scale in the country and then expand to other markets,” Ismail stated. “We

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TechCrunch

FEBRUARY 14, 2022

It’s an extensive process that has seen some Big Tech companies build dedicated teams to manage different connections, data and cycles with the payments gateways in the markets where they are present. This extension becomes their connection to the entire payment ecosystem in the markets they operate. In the U.S.,

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TechCrunch

JULY 11, 2022

Rumors have been circulating for at least the past month that Sweden-based Klarna, best known as a “ buy now, pay later ” service provider, was seeking to raise new funds. European fintech Klarna has confirmed that it has raised $800 million at a pretty hefty valuation drop. billion valuation exactly a year ago. A positive spin.

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TechCrunch

FEBRUARY 7, 2023

Following this growth, it is planning on expanding to Egypt and the UAE, while doubling down on Saudi Arabia, 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 Saudi Arabia, and RAED Ventures, with participation from MENA focused VC firm Wamda Capital.

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TechCrunch

JANUARY 17, 2023

According to a statement shared by the Dubai-based company, the funding will be used to expand Tabby’s product line into a plethora of consumer financial services and support the company’s growing operations that now include Egypt. Now, the economy’s structure is different for some of the markets we [Tabby] are in today.

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TechCrunch

JUNE 22, 2022

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. ’ You’re not proving your safety case to the FAA there — the state is providing that service,” he explained. .

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TechCrunch

FEBRUARY 28, 2022

In addition, Volopay will hire aggressively in each of its new markets. . Many of our competitors around the world will opt to integrate with third-party infrastructure suppliers to provide financial services,” Rajith told TechCrunch. “That restricts the type of products you can offer clients.

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TechCrunch

AUGUST 7, 2022

In announcing the deal, they said: “DeFi-enabled B2B payment networks that are on chain can unlock transformative working capital efficiencies, and make financial services more fair and open, especially in developing markets like LATAM.”. We are starting to see some of the public market valuations impact private market valuations.

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TechCrunch

AUGUST 8, 2022

Vadym Synegin is a Ukrainian impact entrepreneur, philanthropist and investor in fintech and crypto projects with more than 15 years’ experience as an entrepreneur in Europe and the UAE. Ukrainians have often pioneered market-leading companies and built products that positively impact society, especially in the fintech sector.

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TechCrunch

NOVEMBER 10, 2022

Vadym Synegin is a Ukrainian impact entrepreneur, philanthropist and investor in fintech and crypto projects with more than 15 years’ experience as an entrepreneur in Europe and the UAE. The brutal truth is that tough markets also clean up the hundreds of startups without a solid product cluttering the market.

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TechCrunch

FEBRUARY 17, 2022

But SaaS solutions to manage the flow of these shipments, collaborate internally with different departments within the company such as sales, customer service, finance and accounting, and aggregate data from multiple ERP systems are few and far between. African tech took center stage in 2021.

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TechCrunch

OCTOBER 31, 2022

Politician turned venture capitalist Bradley Tusk recently spoke at a TechCrunch Live event on how startups should approach regulation, in a session called “How to launch a startup into a regulated market.” Sarah reports on Twitter Blue’s troubles , namely that the subscription service is feeling blue that it is not bringing in more green.

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TechCrunch

FEBRUARY 8, 2023

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. “I don’t think that one player can address the entire market.

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TechCrunch

FEBRUARY 19, 2023

Kikoff is hiring for 10 roles (a mix of hybrid and remote), including senior product manager, associate product manager, senior product designers, engineers and a growth marketing manager. He looks at ideas that “failed to go mainstream and change financial services in the way the founders originally intended.” Super interesting read.

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TechCrunch

AUGUST 10, 2021

There’s a large voluntary market for carbon credits beyond the traditional and rather outdated carbon credits. DroneSeed is another company offering a service beyond offsets that hopes to take advantage of a new generation of emissions futures and other systems. We’ll know more once 44.01 completes its pilot work.

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TechCrunch

JULY 4, 2022

Ultrahuman’s metabolic fitness tracking service essentially sells real-time feedback to help individuals get a handle on what’s going on with their biology. But if they want to understand the effect on their glucose metabolism of all these factors they have to unlock it by a CGM. So it works both ways,” he says.

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TechCrunch

AUGUST 28, 2022

As we all know, the housing market goes through cycles. Prospective home buyers, turned off by the rate surge as well as the competitive and overheated housing markets, began to reconsider their plans, as buying was suddenly far less appealing. Low interest rates mean more purchases and refinances. Fintech for good? Weekly News.

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TechCrunch

JANUARY 21, 2021

Israel’s heady mix of questioning culture, tradition of national military service, higher education, the widespread use of English, appetite for risk and team spirit makes for a fertile place for fast-moving companies to appear. billion raised in capital markets in Israel and abroad in 2019, as IPOs became an attractive exit alternative.

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The Verge

JULY 24, 2020

Saudi Arabia’s Public Investment Fund already owns a majority stake in fellow EV startup Lucid Motors, and the UAE and Kuwait have even bigger sovereign funds. food service, housekeeping, insurance, and utilities).”. Faraday Future has survived on borrowed money, and continues to be low on cash.

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