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Policybazaar has raised $75 million as the Indian online insurance platform looks to expand its presence in UAE and Middle East. The platform also sells loans, credit cards and mutual funds. Sarbvir Singh, chief executive of Policybazaar, told TechCrunch that the startup had raised $75 million, but didn’t elaborate.
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., The Gurugram-based startup is building an Amazon-like platform to help brands quickly find relevant influencers for their marketing campaigns.
Qureos , a UAE-based edtech and remote work marketplace that is changing how people upskill and get jobs across the globe, plans to grow the uptake of its platform by 10 times this year in its race to create 100 million jobs over the next few years. As such, you learn from peers and from the best in the world,” said Epure.
As Senior Technical Analyst at GlobalData, Beatriz Vale explains “It will be exciting to follow the evolution of the new AI CoE, in the stimulating environment offered by Hub71, and within the context of the fast-growing market of Abu Dhabi and the UAE, the second largest economy in the Arab world.” Industry Analyst Report.
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).
Zenda , a UAE-based startup looking to change how parents pay school bills, and the way educational institutions manage fee collection, is eyeing Africa as its next frontier for growth. Qureos raises $3M to grow its learn to earn platform. million seed funding it has raised.
With $23 million in new backing, the company now plans to take its platform to other countries looking to get their drone industries off the ground. “Municipalities are white-labelling the Airspace Link platform and saying, ‘That’s Michigan’s system.’
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 Saudi Arabia and the UAE. Koinz is one such startup in Egypt.
Cars24, however, has followed a different playbook, exporting its model to several countries in the last year, starting with the UAE (July 2021), and then Australia and Thailand (both in October). Launching in more developed markets like Australia and UAE has seen Cars24 adjusting its approach based on different market factors, he added.
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 Saudi Arabia, the UAE and Bangladesh.
The platform they’ve been using is Seed Checks. Spera raises $10 million for its identity security posture management platform, Frederic reports. Now here’s five more for you: Spot-ify the new changes : Spotify is testing out new card-style user profiles so that users can have more of a social profile on the platform, Sarah reports.
Now, as its customers chase human-level intelligence, its groundbreaking Blackwell processor and platform is ready. Instead, its actively building platforms for everything from drug discovery (Clara for Biopharma) to autonomous vehicles (Drive AGX) to video production (Holoscan) to digital twins (Omniverse).
The latest funding round that was led by global private equity platform, Lightrock, which is making its first investment in the African mobility space. Njoya said the startup is working towards becoming the go-to vehicle subscription and financial services platform for millions of transport operators across the continent.
Recent research suggests that the e-commerce market in Saudi Arabia, 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.
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.
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.
Nigeria-based health tech startup Helium Health has acquired Meddy , a Qatar-headquartered and UAE-based doctor booking platform for an undisclosed amount. However , most platforms in the GCC have use cases that are more vertical than horizontal. Helium Health.
Trendyol , an e-commerce platform based in Turkey, has raised $1.5 General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority co-led the round. . billion in a massive funding round that values the company at $16.5 The deal marks SoftBank’s first in the country.
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 Saudi Arabia — 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.
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.
Silkhaus , a Dubai-based platform for short-term rentals coming out of stealth, has raised $7.75 But while platforms like Airbnb have fantastically aggregated demand to meet supply in the U.S. Sequoia Capital India and Founders Fund back UAE-based proptech startup Huspy in its $37M round.
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 Saudi Arabia and the UAE. The company has over 1.1
We have the right partners to make this happen and to grow our end-to-end logistics platform,” Mylerz Founder and CEO, Samer Gharaibeh , told TechCrunch. “Our immediate plan is expanding across Egypt, opening new markets and facilitating cross-border trade for our customers.
In 2018, he and Akintola Adesanmi — who was no stranger to how rent worked in Nigeria and also desired to effect change — brainstormed Spleet , a platform that partners with apartment owners to list their properties and offers renters options to pay rent monthly, quarterly and biannually.
In 2022, SupPlant’s aim is to get more than a million African and Indian smallholders on its platform. We are just on the verge after a super successful proof-of-concept, of signing 100% of the dates in UAE. Our solution enables the UAE to save 70% of its water consumption. Image Credits: SupPlant. That comprises 2.1
Founder and chief executive officer Khaled Zaatarah launched VUZ, formerly 360VUZ, as a platform to bridge the gap between physical and virtual worlds by offering premium immersive content to a global audience. The web3 platform claims to have reached over 1 billion screen views from over 10 million users since its launch.
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. .
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.
Founded by IIT Kanpur and ISB alumnus Rahul Garg, Moglix operates a B2B marketplace and procurement platform for manufacturing goods that could be anything from a centrifugal pump to a fan to routers and pulse oximeters. “We We are happy to have the continued support and faith of our investors, customers, suppliers and team.
Each payment integration requires in-house technical work and the remodeling of one’s platform to fit their plugins. . and Europe, payment orchestration platforms such as Spreedly , Zooz and Primer handle a lot of the heavy lifting on behalf of merchants via a unified payments API. In the U.S.,
Uolo , an Indian edtech platform that works with private K-12 schools to offer online learning programs to middle and low-income families, has raised $22.5 million in a funding round led by UAE-headquartered VC fund Winter Capital. Schools tying up with Uolo get an ERP platform called the Uolo School Platform for free.
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.
The company said that the investment is coming from existing investors German automotive giant Daimler, the UAE’s ALFAHIM Group and btov Partners. Blacklane is on the road to building a profitable on-demand transportation platform. “Thanks to this financing, we will continue to fast-track our innovation, with zero layoffs.”.
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.
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.
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 Saudi Arabia, UAE and Kuwait. Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation.
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.
Indian fitness platform Ultrahuman is expanding its wearable portfolio by launching a smart ring to boost its ability to provide tech loving ‘biohackers’ — and, it hopes, health-concerned Boomers — with more insightful metabolic insights. “Different platforms optimize for different things.
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.
And four startups passed the $1 billion valuation just last year: mobile game developer Moon Active; Cato Networks, a cloud-based enterprise security platform; ride-hailing app developer Gett got $100 million ahead of its rumored IPO; and behavioral biometrics startup BioCatch. The Hybrid Programme is designed to address this disparity.
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.
Amazon is aiming to support small businesses on its platform by incentivizing customers to buy from them in the run-up to Prime Day. Starting today until October 12th, Prime members will receive a $10 credit usable on Prime Day by spending $10 at certain small businesses on Amazon.
based companies as customers already, Alloy announced it has now expanded its platform to 40 countries across North America, EMEA, LatAm, and APAC. On the other, market sentiment is largely pessimistic and the outlook for interest rates and inflation is challenging.” ” Image Credits: Paystand/Yaydoo. Weekly News. Counting 300 U.S.-based
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