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Taha Ahmed and Rooshan Aziz left their jobs in strategy consulting and investment banking in London earlier this year in order to found a mobile-only education platform startup, Maqsad , in Pakistan, with a goal “to make education more accessible to 100 million Pakistani students.” Maqsad announced today its $2.1
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.
Pakistan’s embedded finance platform Neem has raised $2.5 It offers a lending platform that its partners use to provide tailored lending products to consumers and MSMEs. It offers a lending platform that its partners use to provide tailored lending products to consumers and MSMEs.
A Pakistani startup, which has taken inspiration from China’s JD.com and India’s Flipkart to build a managed marketplace of electronics products, said on Tuesday it has raised seed funding from scores of investors including PayPal founder Peter Thiel. This is Thiel’s maiden investment in Pakistan.
The new plans come after the startup secured $3 million in seed funding in a round led by Indus Valley Capital, Zayn Capital and Fatima Gobi Ventures, the first time that the three Pakistan-focused VCs are investing in a startup together. Colabs wants to be the gateway to Pakistan for tech companies and a launch pad for startups.
Obtaining raw materials is a major pain point for Pakistan’s manufacturers, who need to have multiple phone calls with suppliers while waiting for rates, say the founders of Zayare. The startup, which runs a platform that connects manufacturers directly with suppliers, announced today it has raised $2.1 Zaraye’s app.
Pakistan-based fintech platform, NayaPay , has raised $13 million in a seed round to rollout its multi-service messaging and payment app, and to build payment acceptance and financial management tools for businesses in the South Asian country. We are very bullish on fintech in Pakistan. Image Credits: NayaPay.
. —– I’ve recently shared a couple interviews exploring two case studies of really successful online fundraising campaigns: SXSW4Japan Raises Over $120,000 and $100,000 in Three Days with #TeamAutism. Then, why do we keep thinking celebrities are so important to raising money? Both of them involved celebrities.
The number of global retailers, department stores and supermarkets operating in Pakistan is increasing, which spells convenience for consumers, but trouble for kiryanas, or small general stores. The Karachi-based company announced today that it has raised a $2.5 A kiryana owner with one of SnappRetail’s point-of-sale devices.
It’s been a while since KaiOS raised (or more specifically disclosed) outside investment: its last funding was in 2019, when it raised $50 million from investors including Cathay Innovation, Google and TCL. India, followed by China, Pakistan and Bangladesh, are the countries that dominate the feature phone market today.
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
The founders of Tazah Technologies , a B2B agriculture marketplace in Pakistan, met while serving leadership roles at Uber subsidiary Careem. Abrar Bajwa and Mohsin Zaka bonded during long working hours as the platform dealt with COVID-19’s impact. Eventually, the two started talking about creating their own startup.
The startup announced today it has raised $2.2 The round, which Maya said is the largest raised by a Bangladeshi health tech company so far, was led by early-stage fund Anchorless Bangladesh and The Osiris Group, a private equity firm focused on impact investing in Asian markets. million in seed funding.
JUMO , a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by Fidelity Management & Research Company. It is also coming a year after raising $55 million in a similar unnamed financing round.
After its Egypt launch, Swvl expanded to Kenya, Pakistan, Jordan and Saudi Arabia. Queen’s Gambit, the women-led SPAC in charge of the deal, raised $300 million in January and added $45 million via an underwriters’ overallotment option focusing on startups in clean energy, healthcare and mobility sectors.
In one, riders waded through brown, waist-deep water; another video showed a cascade rushing down a flight of stairs to a subway platform where passengers waited for a train. Pakistan’s growing tech ecosystem is finally taking off. Pakistan’s growing tech ecosystem is finally taking off.
Instacart looks to make its equity more competitive : There’s nuance to the mechanics at play, but after raising at an equity valuation of nearly $40 billion last year, Instacart has repriced the value of its equity for purposes of employee compensation. To a much lower price.
This strategic partnership aims to foster entrepreneurship and strengthen economic cooperation in Pakistan. The announcement has been made during the Pakistan Investment Conference in Shanghai, part of Punjab Chief Minister Maryam Nawaz Sharif s historic visit to China from December 8 to 15.
They include executives and managers from fintechs such as Wave, Block, MercadoPago, Rappi, Flutterwave, Yoco, Visa, Plaid, Stripe and Coinbase — and e-commerce platforms like Jumia and Shopify. Last year, rali_cap raised $2 million, money it has since deployed. Two years on, this collective has nearly 240 individual LPs.
That subsequently led to 4x monthly volume growth, and it is expected the company’s expansion into Pakistan will yield even better results. The company is building the “GitHub of machine learning” and just raised $100 million to continue down that path. And it raised $68 million to get deeper into the science.
Bfree , a Nigerian credit management fintech, has embarked on global expansion after raising $1.7 Funds that participated in the latest round included 4Di Capital, Octerra Capital, VestedWorld, Voltron Capital, Logos Ventures and several other angel investors, bringing the total capital raised by the Lagos-based startup to $2.5
DAO makes us proud : Gaming guild Metaverse Magna is now valued at $30 million after raising $3.2 ARR : Userpilot, a product-led growth platform for SaaS companies , raises $4.6 Lawn and order : Dominic-Madori reports that JusticeText raises $2.2 Wild West’ of climate tech : Mike has a story about Ceezer closing on €4.2
The company has raised over $86 million over its lifetime and counts NewView Capital and SoftBank’s SB Opportunity Fund among its backers. Meanwhile, Yaydoo has raised over $20 million from investors such as Base10 Partners, monashees, SB Opportunity Fund and Leap Global Partners. “We Klarna recently raised $800 million at a $6.7
Intellia is an up and running startup which has raised $1.5m Launching out of Dubai in 2020, Intellia looks for strategy and finance consultants in emerging markets where wages are cheap, thows in some AI-powered vetting, to come up with a project delivery platform for finance, strategy and public policy.
In 2017, Cars45 raised $5 million from Frontier Car Group (FCG) , the Berlin-based company that builds used-car marketplaces focusing on emerging markets. OLX Autos shut down FCG’s operations in Berlin this March but still kept control of Cars45 and two other brands : CarFirst in Pakistan and WeBuyAnyCar in the U.S.
The consumer fintech company is focused on helping people build credit and raised $30 million in June 2021. In June of 2021, the company raised $150 million at a $2.17 In June of 2021, the company raised $150 million at a $2.17 Today, it has about 850 clients and over $4 trillion in client assets on its platform.
How Pilot charted a course of raising not too much money. billion raised for its latest fund. Pakistan temporarily blocks social media. Garry Kasparov launches a community-first chess platform. Garry Kasparov launches a community-first chess platform. In 2020, the firm closed $3.75 billion in capital commitments.
As CEO and founder of virtual veterinarian care platform Dutch, Joe Spector initially intended to raise a $15 million Series A, but his pitch deck so skillfully blended visuals of lovable pets with market research and traction metrics, he ended up closing a $20 million round. Purposeful in Pakistan. Image Credits: Dutch.
Embedded finance solutions in less developed markers are becoming more prominent as platforms look to provide various financial solutions to the unbanked and underserved. They allow businesses such as mobile operators, e-commerce platforms, and logistics companies to embed and enable banking products for their customers.
Trying to bring more clients and freelancers to the platform, oDesk recently introduced a new service. “On In mid-October, oDesk held a programming contest for freelancers registered on the platform. Among other fastest-growing client countries one can also find Latvia, Pakistan, Romania, Lithuania, and Malaysia.
and Europe , to Africa , Australia , and Asia, where India and Pakistan have been hit by some of their worst floods in recent memory. Elsewhere, Australia’s FloodMapp recently raised $8.5 market, 7Analytics today announced that it has raised $2.5
Publicly, Fenix has only raised $5 million, most, if not all, of which probably went toward the company’s purchase of Turkish e-scooter operator Palm. Dhanoa says Fenix has raised more money that it hasn’t yet announced to help it scale and expand. Fenix launches ride-hailing service in Bahrain. .
Goodera wants to make it easier with an end-to-end platform that includes pre-vetted volunteer opportunities and trained hosts. The Utah-based startup announced today it has raised a $10 million Series A led by Elevation Capital, with participation from Zoom Ventures, Xto10X, Nexus Venture Partners and Omidyar Network.
Created by Alyson Kapin four years ago, WomenWhoTech is a network for thriving community of women in technology professions by giving women an open platform to share their talents, experiences, and insights. I organized and moderated a panel called “ Women Who Tech Globally.” Next we heard from Dr.
For the unacquainted, Ramp is a spend management startup that last August raised $300 million at a $3.9 Other prominent players in the space include Brex, which last month announced a $300 million raise at a $12.3 billion valuation. billion. .” Launching soon – a weekly fintech focused newsletter in your inbox. Sign up here !
Startups and VC Bringing us a reminder that a company’s services may be at the mercy of state governments from time to time, Pakistan has “degraded” Wikipedia in the country for 48 hours for not removing “sacrilegious contents” and warned of fully blocking the site if the online encyclopedia fails to comply with the directions, Manish reports.
Social media tools for engaging and capturing the work of crowds include: wikis, custom platforms or web sites that facilitate voting, rating, giving feedback, adding content, or funding. Ushahidi is an open source platform that facilitates crowdsourcing through the use of SMS/cellphones and online mapping. 2) Crowd Creation.
Companies are raising less money at lower valuations than in 2021, which reflects the market sentiment.”. When the Ready Life platform launches this fall, consumers who pay their rent on time using the Ready Pay Visa Debit Card will qualify for mortgages without a credit score review, the company says. Fintech Guava raises $2.4M
Pakistan’s Zaraye wants to change that with its platform that connects manufacturers directly with suppliers. Let’s do a proverbial cannonball into the startup pond: Software eats food distribution : Cerve raised $2 million for a wholesaler platform as post-COVID food distribution digitizes.
Among them, just three companies OpenAI, Anthropic, and Inflection AI raised $18 billion. London’s climate technology companies raised a total of $3.5 London startups raised over $12.9 At the same time, since the founding of London Tech Week, London’s technology companies have raised a total of $107 billion.
In addition, I do a little real-time assessment in the room by doing “raise your hand” polls or in a webinar by using the polling feature. This can help you adjust in real-time to the audience needs or what I call a real-time pivot. I might audit their Facebook best practices and other social media channels.
Egyptian fintech Paymob , which enables merchants to accept digital payments online and in-store, announced today it has raised $50 million in Series B funding. South African payments gateway Ozow raises $48M Series B led by Tencent. The expansion to Pakistan could see Paymob grow faster by year’s end.
In July 2020, Paymob raised $3.5 An additional $15 million was raised from the same investors led by Dubai-based VC firm Global Ventures. The total raise of $18.5 The platform helps online and offline merchants to accept payments from their customers via several products and solutions. million Series A round.
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