TechCrunch

AUGUST 23, 2022

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 Saudi Arabia and Egypt after raising $3 million seed funding at over $30 million (110 million AED) valuation.

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TechCrunch

JANUARY 24, 2023

Terra Drone said today it has raised $14 million in Series C funding from Wa’ed Ventures , the venture capital arm of Saudi Aramco , marking the VC firm’s first investment in Asia. For example, fossil fuel companies in Saudi Arabia will utilize Terra Drone’s technology for inspection services.

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TechCrunch

MARCH 6, 2022

The BNPL provider has raised $104 million in total Series B funding and plans to use this extension round to expand its consumer product offering and facilitate its international expansion, it said in a statement. Its two main markets are Saudi Arabia and the UAE. BNPL payment startup Alma raises another $130 million round.

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TechCrunch

OCTOBER 31, 2021

Summer batch graduate ShipBlu is the latest on that list and confirmed to TechCrunch that it has raised $2.4 According to him, ShipBlu is one of the few e-commerce fulfilment companies that offers that service to customers in the country. “We The company says the investment will help grow its service offering and coverage across Egypt.

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TechCrunch

NOVEMBER 15, 2021

The company has raised $3.4 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. In Saudi Arabia, for instance, only 3% of more than 1 million registered businesses have access to bank credit.

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TechCrunch

DECEMBER 8, 2021

E-commerce roll-up play Opontia launched in June, raising $20 million in debt and equity to acquire older, small e-commerce brands in the Middle East and Africa. Roll-up plays are generally known to secure more debt than equity when they raise mega-round deals.

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TechCrunch

JULY 28, 2021

The trio started the company as a bus-hailing service in Egypt and other ride-sharing services in emerging markets with fragmented public transportation. Its services, mainly bus-hailing, enables users to make intra-state journeys by booking seats on buses running a fixed route.

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TechCrunch

MAY 24, 2021

The funding is coming at a high-watermark moment for edtech — with the shift to remote learning in the last year of pandemic living highlighting the opportunity to build better tools to serve that market, and a number of startups in the category subsequently raising hundreds of millions of dollars to tackle the opportunity.

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TechCrunch

OCTOBER 19, 2022

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. million orders within this timeframe.

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TechCrunch

AUGUST 23, 2022

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. How do such programs impact Servify?

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TechCrunch

JANUARY 17, 2023

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.

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TechCrunch

FEBRUARY 3, 2022

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 It is gearing up to formally launch in the UAE and Saudi Arabia in the coming weeks. billion valuation.

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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 company, which allows e-commerce businesses to scale and grow by targeting businesses with limited bank or venture financing access, is announcing that it has raised $3.6 Wayflyer raises $150M on a $1.6B

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TechCrunch

OCTOBER 7, 2021

In Japan, Riiid will offer its services, ranging from the TOEIC to English speaking and tutoring services, to broaden its customer base. . Beyond the TOEIC mobile app, the company launched an ACT prep mobile app with ConnectMe Education in early 2021 in Egypt, Turkey, UAE, Jordan and Saudi Arabia.

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TechCrunch

MARCH 22, 2022

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.

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TechCrunch

DECEMBER 5, 2022

OneOrder , Egypt’s supply chain solutions provider for restaurants, has raised $3 million seed funding led by Nclude with participation from A15, and Delivery Hero Ventures. The latest funding brings the total funding raised by the startup to $10.5. We are exploring Saudi Arabia and expanding south into our continent.

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TechCrunch

APRIL 17, 2023

Traditional consulting firms provide high-quality services but the cost a lot and have rigid terms. 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.

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TechCrunch

MARCH 3, 2021

This is where e-commerce fulfillment services come in handy. Today, Flextock , one such company providing this service to businesses and consumers in Egypt, is announcing that it is part of Y Combinator’s Winter 2021 batch. According to the CEO, Flextock is the first end-to-end fulfillment service in Egypt.

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TechCrunch

AUGUST 10, 2022

.” The firm has raised $35 million on the heels of its last tranche in June , bringing its total Series D investment to $95 million. Prosperity7, the venture capital arm of Saudi Arabia’s state oil company Aramco, led the new capital infusion.

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TechCrunch

FEBRUARY 28, 2022

Volopay , a Singapore-based fintech startup, raised a $29 million Series A in debt and equity financing as it seeks to further expand its footprint in Asia-Pacific, the Middle East and North Africa. . To date, Volopay has raised approximately $31.4 million since its inception in 2019, which includes its $2.1

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TechCrunch

JUNE 28, 2022

The last time we covered Vezeeta was in 2020, when it raised $40 million in Series D funding (the joint largest single healthtech round in Africa alongside Reliance Health ) from Gulf Capital and Saudi Technology Ventures (STV).

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TechCrunch

JUNE 6, 2022

Abu Dhabi-based mobility startup Fenix has added ride-hail and courier services to its portfolio of mobility products. Fenix launches ride-hailing service in Bahrain. All of Fenix’s products and services are available in the same app, the goal being to create one “mobility super app” to serve the greater Middle East.

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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 as it works to scale its car rental service in the region. The Middle East–based startup has raised $14.3 The event is embedded here and is both free and very worth watching. million to date, Ivan reports.

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TechCrunch

FEBRUARY 17, 2022

Freterium , a startup based in Morocco, is one such company providing this software, and it has raised $4 million in seed to scale across the country and into surrounding regions. . Only B2B e-commerce startup Chari and proptech Mubawab has raised more recently. San Fransisco-based investor Partech led the round.

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TechCrunch

MAY 31, 2022

The fact that we were able to do so much with so little is great evidence,” replied Mokhtar when asked how Appetito financed the acquisition, having raised just $2.5 The acquiree, Lamma, launched in Tunisia as a carpooling service two years ago.

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TechCrunch

OCTOBER 1, 2021

But the company has raised about $12 million so far with investment from Sesame Ventures (the Sesame Workshop venture capital arm), and angel investors like Robert Langer, a co-founder of Moderna (now Luminopia’s board director), and Jeffrey Dunn, the former president and CEO of Sesame Workshop. . lines on a standard eye chart, compared to.8

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TechCrunch

MARCH 27, 2022

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

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TechCrunch

AUGUST 28, 2022

At the same time, as the venture market slowed dramatically and suddenly, raising capital was much harder. In a press release , co-founder and chairman Amit Haller said “the challenging real estate and financial market conditions and unfavorable capital-raising environment” led to the decision to wind down operations. Ahem, Brex).

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TechCrunch

APRIL 27, 2023

Southeast Asia is already home to a thriving fintech scene, where Grab , GoTo and Sea have built super apps that encompass financial services, and startups like Xendit , Akulaku and Dana (to name a few) have raised hundreds of millions of dollars for payments, banking services and other financial tools.

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The Verge

OCTOBER 7, 2021

Rivian has raised a lot of money — but will need a lot more. It is not new information that Rivian has raised more than $10 billion to date, but Rivian takes some time in the S-1 to shed light on how it has spent — and how it plans to spend — that money. In total, Ford has committed just shy of $1.24 billion to Rivian to date.

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The Verge

JULY 23, 2021

Still, an Amnesty International statement raised concerns that the company is providing spyware to oppressive governments, where government agencies can’t be trusted to do right by their citizens. According to Forbidden Stories , NSO’s contract with Saudi Arabia alone is worth up to $55 million.

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TechCrunch

APRIL 8, 2021

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 Saudi Arabia this year) is one of Paymob’s objectives following this raise.

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TechCrunch

MAY 25, 2022

million seed investment from A15; this brings its total funding raised from the VC firm to $3 million since its launch in 2018. Users access these services via an app (text, video/voice calls and in-person visitations) and pay with cash, credit cards, Vodafone and Fawry. Image Credits: Esaal.

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TechCrunch

MAY 2, 2022

Earlier this year, the company raised a whopping $709 million , which is no doubt going to help fuel this expansion. Other deals that caught my attention this week … BattGenie , a University of Washington startup that developed software to improve performance of batteries, raised $1.5 and Canada, has just raised a $43.5

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