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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.
Shares of the Saudi-owned , California-based startup began trading on the Nasdaq stock exchange Monday morning. The public listing is the second in the last week for the industry; fellow EV startup Faraday Future became a public company listed on the Nasdaq last Thursday and raised $1 billion in the process.
Cairo and Dubai-based ride-sharing company Swvl plans to go public in a merger with special purpose acquisition company Queen’s Gambit Growth Capital, Swvl said Tuesday. The trio started the company as a bus-hailing service in Egypt and other ride-sharing services in emerging markets with fragmented public transportation.
Cybersecurity firm Dragos has raised $110 million in its Series C, almost triple the amount that it raised two years ago in its last round. ” Another one of those places is SaudiArabia, one of the world’s largest oil and gas producers, where Dragos has an office and now draws an investment.
The company announced Thursday alongside its first-quarter earnings report that it was raising prices of the variants of its luxury Air sedan, beginning June 1. All existing reservation holders will not experience price hikes, the company said, noting that updated pricing for Canada will be made public on June 1.
Servify, a startup that manages lifecycle of devices for several popular smartphone vendors including Apple and Samsung in many markets, has raised $65 million as it eyes becoming a public company in two years. It anticipates raising another $5 million to $10 million in the current round.
and Karma Automotive, two electric vehicle startups with a long shared history, each announced this week that they’ve raised millions of dollars. Fisker has taken in $50 million of fresh capital from “hedge fund king” Louis Bacon and Karma Automotive has raised $100 million from undisclosed “outside investors.”. Fisker Inc. Fisker Inc.
MENA-based buy now, pay later startup Tabby has raised $58 million, led by Sequoia Capital India and STV, at a valuation of $660 million. The fintech has raised more than $410 million in equity and debt since its 2019 launch. . Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation.
Less than seven months after closing on a $57 million Series B , fast-growing fintech Jeeves has raised $180 million in a Series C round that values the company at $2.1 Financial technology companies raising multiple rounds in a short period of time has become more the norm than an exception as of late. billion valuation.
And while there are plenty of portals offering low-quality freelance consulting services, these are generally unsupervised that would never work for corporates and the public sector. Intellia is an up and running startup which has raised $1.5m It’s now set to launch in Riyadh, SaudiArabia and Lagos, Nigeria next month.
Electric vehicle startups have raised an absurd amount of money in the last year by merging with special purpose acquisition companies , or SPACs. Startups going public makes it much easier to see where the problems are. California-based Canoo went public in December and has already replaced its leadership team. Fisker Inc.,
TechCrunch reached out to the Egypt- and Dubai-based company for comment but didn’t get any response at the time of publication. . Vezeeta has almost 500 employees, according to its LinkedIn page. . This layoff news is the second coming from an Egypt-born but Dubai-based company in quick succession.
Now, Nio is arguably the second-most successful electric vehicle company behind Tesla (though still a very distant one) and just raised another $2.6 XPeng is right there with Nio, and just raised $2.2 Public offerings, global expansions — these were all goals of startups that faltered. Image: XPeng. billion itself.
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. 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.
On March 25, PitchBook released its 2021 Annual Fintech Report , which found that the fintech industry raised $121.6 In what was not a surprise but is still noteworthy, corporate spend and expense management startup Ramp confirmed that it raised $200 million in equity, secured $550 million in debt and doubled its valuation to $8.1
register people to vote, encourage involvement in elections, raise money for. extremely effective way for organizations to get messages out to the public, monitor elections, and encourage voter participation.??? election monitoring Macedonia and Kenya; among women voters in SaudiArabia, and. MobileActive. ???With
Last September, Capiter raised $33 million in Series A funding to compete in the country’s growing B2B e-commerce and retail space. The company had planned to raise a follow-on round to address its struggles but met a challenging fundraising environment. Founders versus investors.
Plus more details about Ford’s relationship with the buzzy EV startup EV startup Rivian has spent most of its life shrouded in secrecy, but now that it’s going public, that protective veil is lifting. Rivian has raised a lot of money — but will need a lot more. In total, Ford has committed just shy of $1.24 billion to Rivian to date.
The company raised additional funding at a $9 billion valuation back in 2021. The company also raised funding in 2021 on the promise of creating a real-world metaverse, which has yet to materialize. Harry Potter: Wizards Unite lasted around three years, while NBA All World survived only five months.
Lucid is also building a new manufacturing facility in the Kingdom of SaudiArabia that it expects to finish by 2025. The company estimates the Saudi plant could bring in up to $3.4 But the relationship between Lucid Motors and SaudiArabia goes further back than this recent agreement. to its per-share value.
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 Regional expansion (with an imminent entry into SaudiArabia this year) is one of Paymob’s objectives following this raise.
The program is managed by the Institute of International Education (IIE), and implemented with a coalition of leading new media experts and local and international partners from the public and private sectors. E-Mediat is working with more than 220 NGOs in Jordan, Lebanon, Morocco, Tunisia, and Yemen.
Micromobbin’ For some bizarre reason, it’s illegal to for people use privately owned e-scooters on public roads in England. If legalized, private scooters will have to meet similar safety specifications as those in the public trials, namely max speeds of 15.5 miles per hour and automatic lights.
Neom, the insane urban development project in SaudiArabia, appears to be sinking faster than the giant holes they keep digging in the middle of nowhere. Initially, its promoters were looking to attract $500 billion in public and private capital , but Neom is reportedly having a hard time getting the money. Just nine years away.
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