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Tamara, a buy now pay later platform for consumers in SaudiArabia and the wider GCC region, has raised $340 million in a financing round that values the fintech at $1 billion.
Meituan, Chinas largest food delivery and quick commerce platform, is expanding its footprint in SaudiArabia after entering the market in September under its overseas brand, Keeta. 36Kr, in Chinese ]
The startup has also expanded to SaudiArabia, where it will be headquartered henceforth, after raising $1.2 This latest round had the participation of Launch Africa VC, 500 Global, Riyadh Angels, Alex Angels, Al Tuwaijri Fund and Saudi angel investor Faisal AlAbdulsalam. million seed funding. seed funding.
Invygo, a startup operating in UAE and SaudiArabia, 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.
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.
Egypt and Dubai-based auto tech startup Odiggo is a platform addressing this problem. Over 50,000 car owners across three markets — Egypt, the UAE and SaudiArabia — use Odiggo. It’s a cycle that can lead to more expensive repairs and safety issues down the line, and no car owner likes that.
The United Arabs Emirates (UAE) and SaudiArabia 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. The startup is in the process of seeking approval from the Egyptian Tax Authority too.
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.
Convertedin , an Egyptian startup that operates a marketing operating system for e-commerce brands, has raised $3 million in a seed round led by SaudiArabia-headquartered Merak Capital. The company, in a statement, said it plans to utilize the funds for strategic hiring and further development of its platform.
The startup will hire local talents in SaudiArabia to expand further. The gaming industry is booming in SaudiArabia, 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.,
As the restaurant industry across different cities was massively hit by the pandemic-induced lockdowns last year, food aggregator platforms helped by driving online customers to them. Here’s how the platform works. Since launching in Egypt, Koinz has expanded to SaudiArabia and the UAE. million seed round.
One such platform that is helping consumer brands leverage their data to grow is Gameball , a customer intelligence and marketing CRM platform, that was launched in 2020 by egyptian entrepreneurs Ahmed Khairy (CEO) Ahmed El Assy (CPO), and Omar Alfar (CTO). Gameball’s expansion drive is backed by a $3.5 Gameball raises $3.5M
Tabby , the Dubai-based buy now, pay later (BNPL) platform that lets users shop, pay later and earn cash from over 3,000 global brands, including Adidas, IKEA and Bloomingdale, has completed a Series B extension of $54 million. Its two main markets are SaudiArabia and the UAE. The company has over 1.1
A few weeks ago I had the opportunity to travel to SaudiArabia to teach a course at King Abdullah University of Science and Technology as part of the Winter Enrichment Program. A hammer isn’t fundamentally different in Saudi as it is in Wyoming. Social media platforms (tools!)
Dubai-based Zywa, a neobank for Gen Z, plans to fuel its growth in the United Arabs Emirates (U.A.E), and to kick-start its expansion to SaudiArabia and Egypt after raising $3 million seed funding at over $30 million (110 million AED) valuation. The new funding follows the $1 million pre-seed backing it secured in February this year.
The platform is an evolution of customers’ checkout experience. They like the platform because they think it’s unique because, for the first time in Egypt, we’re offering debit or pay later options for the debit card population in Egypt.”. SaudiArabia. . “It It plans to reach 1,000 stores by mid next year.
After its Egypt launch, Swvl expanded to Kenya, Pakistan, Jordan and SaudiArabia. In the Middle East, Swvl joins music-streaming platform Anghami as the second startup to go public via a SPAC merger. The company also moved its headquarters to Dubai as part of its strategy to become a global company. billion on the NYSE.
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. This suite of services is essential in the primary markets in which Nomod is aiming to build a significant merchant base, like SaudiArabia, the UAE and Bangladesh.
Recent research suggests that the e-commerce market in SaudiArabia, UAE and Egypt account for a combined $21.4 FlapKap , using its revenue-based financing platform (RBF), is helping these stores solve the growth-destructive challenges emerging online stores encounter when trying to meet customer demands.
Appetito , the Egyptian platform that delivers groceries and household products to customers from 11 dark stores across three cities in the North African country, is acquiring Lamma , an identical startup with operations in the Maghreb regions of Tunisia and Morocco. . The deal is expected to close by the end of Q3 2022.
Chinas second-largest short video platform Kuaishou is planning to open an office in Riyadh, the capital of SaudiArabia, soon, according to a report by the South China Morning Post quoting Kuaishous chief financial officer Jin Bing.
. “So I was always thinking, how come if we want the e-commerce to grow, and we don’t have any strong company when it comes to last-mile because, in the end, every transaction on an e-commerce platform is a transaction on a courier platform.” Bosta completes more than 300,000 deliveries per month, which is a 3.5x
Launched in March this year, OneOrder makes it possible for restaurants to order food supplies through its online platform, solving the fragmented supply chain challenges that lead to erratic prices, waste, quality issues, and storage cost. We are exploring SaudiArabia and expanding south into our continent.
Chinese food delivery giant Meituans Hong Kong-focused platform KeeTa led the territorys food delivery market in terms of order volume in March, with its 44% share of total orders surpassing rival Foodpanda for the first time, according to data from third-party analysis platform Measurable AI. Caixin, in Chinese ]
“We saw it as an opportunity to build a tech-enabled platform to be able to help anyone that wanted to grow their own independent brand or store,” she told TechCrunch. When merchants sign up to the platform, they send their products to one of the company’s fulfillment centers.
Prosperity7, the venture capital arm of SaudiArabia’s state oil company Aramco, led the new capital infusion. He recently promoted GSK veteran Dr. Feng Ren to be his co-CEO, who is now overseeing Insilico’s R&D and drug business, while Zhavoronkov focuses on the firm’s AI platform.
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. .
Chinas food delivery giant Meituan is hiring Arabic- and English-proficient talent for its likely entry into Riyadh, the capital of SaudiArabia, as the company puts expansion beyond China on its agenda as domestic consumption falls.
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. It’s now set to launch in Riyadh, SaudiArabia and Lagos, Nigeria next month.
Vezeeta’s business has evolved from the “Uber for Ambulance” model it launched in 2012 to what it is now: a subscription-based doctor booking and consultation platform. Other platforms globally, as reported by Layoffs.fyi , include the likes of PharmEasy, Sami and Truepill. .
This post is brief re-cap about what I learned about technology innovation investments to develop new social media platforms and apps for the Arab World. N2VLabs provides support for the best of the best Arabia geeks who have a promising technology idea or social platform. What Happens at n2vlabs.
The company projects the film will be watched by more than 55 million households in the first month of release and says it reached #1 on the company’s chart “in 78 countries, including Brazil, France, and SaudiArabia.” Social media stars are breaking through on streaming platforms.
The funding will be used to grow Docquity in its existing markets, like Indonesia and the Philippines, and enter new ones, including Japan, the United Arab Emirates, SaudiArabia and Egypt. The company says that so far, its platform has enabled doctors to earn a total of 4.2 The company claimed two-fold revenue growth in 2021.
The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and SaudiArabia. Students on the platform go through two types of programs. The edtech platform has grown from 100 students in its first year to around 4,000 active students today.
While incumbents have pioneered various enterprise resource planning (ERP) systems to digitize these processes, companies would still get four to five different software platforms to complete multiple tasks. Some are marketplaces or brokerage platforms connecting shippers with trucks, such as Trella.
The finished results can then be shared out to other platforms, like Instagram, Snapchat and TikTok. Others hail from Russia, SaudiArabia, Brazil and parts of Europe, Lesun says. When they see something they like, they can then tap a button to use the same effect on their own video.
Until last September, Tabby, which allows users to shop with flexible payments online and in-store from global brands, including H&M, Adidas, IKEA, noon and Bloomingdale’s, was active in SaudiArabia, UAE and Kuwait. Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation.
Aside from Bahrain, Qatar, Turkey and the United Arab Emirates, Fenix also has a presence in SaudiArabia, specifically with its shared and subscription scooter service. Fenix launches ride-hailing service in Bahrain. “Our mission is to unleash urban potential and propel communities forward,” said Dhanoa.
Whatever the reason, Canoo now has a few hundred million more dollars to play with and, theoretically, easier access to raising more money as it tries to bring its electric delivery vehicle platform to market in the next few years. Canoo is just one example.
Last month, Egyptian B2B e-commerce platform Capiter made headlines after founders Mahmoud Nouh and Ahmed Nouh were ousted by its board as CEO and COO. Egyptian startup Capiter raises $33M to expand B2B e-commerce platform across MENA. What ensued after this led to the current spat between founders and investors.
Los Angeles–based B Generous , a self-described “fintech for good” platform, has launched Donate Now, Pay Later (DNPL) , a new tool it says allows donors “to make contributions to their favorite nonprofits through a proprietary philanthropic credit product called a Point of Donation Loan (PoDL). Fintech for good? Anita Ramaswamy digs in here.
The microfinancing platform connects investors with small businesses using mudarabah, a shariah-compliant profit-sharing agreement. Investors on Blossom Finance’s platform pool their money into funds, or cooperatives, which are then managed by microbanks. Meanwhile in Malaysia, where 61.3% out of its 33.6 They must have a solution.
Esaal, one such platform that has witnessed immense growth in the last two years, is announcing a $1.7 Doss further narrated how he’d browse on social media platforms and see people feel comfortable sharing personal problems, sometimes behind pseudonyms, while receiving feedback from other users who weren’t specialists in the subject matter.
The company’s threat detection platform — its moneymaker — helps companies with industrial control systems defend against hackers trying to get into important operational systems. Lee said the company’s priority had been to work on its threat platform, and less selling it.
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