Turkish crypto company Thodex founder flees with $2 Bn
Turkish prosecutors on Thursday launched an investigation after the Istanbul-based founder of a cryptocurrency exchange froze trading and fled the country with a reported $2 billion
MENA
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Tamara announces the largest Series A round in MENA, $110 Mn led by Checkout.com
Saudi Arabia-based Tamara, the leading Buy-Now-Pay-Later (BNPL) platform, on Thursday, announced the closing of the largest Series A funding round in MENA of $110 million led by Checkout.com
The first virtual Royal Investment Summit to be launched in May 2021
The Royal Investment Summit hosted by H.E. Sheikh Abdulaziz Bin Duaij Bin Khalifa Al Khalifa Private Office that will feature 2 days of curated content from over 40 innovators from around the world.
Changelabs launches Egypt’s 1st ‘Green’ Scale-Up Accelerator in partnership with Green Growth Fund
Impact-centered accelerator Changelabs, one of the top 10 accelerators in the Middle East, has recently announced the launch of its leading "Scale Up To Green" accelerator program
Bahrain Fintech Bay announces strategic partnership with R3 to support next-gen innovators
One of the MENA’s leading fintech hubs, Bahrain FinTech Bay, earlier this month, announced a strategic partnership with R3, a leading enterprise blockchain software provider.
EroeGo, UAE’s first food waste fight startup gets entry into MassChallenge Israel
UAE’s first-ever sustainable impact food waste fight company, EroeGo has been accepted into the 2021 accelerator program, MassChallenge Israel.
Jordanian edtech startup Abwaab raises $5.1 Mn seed funding
Amman, Jordan-based edtech startup Abwaab, on Monday, announced that the company has raised $5.1 million in its latest seed funding round.
KSA-based fintech startup Hala raises $6.5 Mn Series A from Impact46 and Wamda
Saudi Arabia-based fintech startup Hala, has raised a Series A round of $6.5 million from Impact 46 Growth Fund and Wamda.
Zaara Biotech, Kerala-based startup scores $10 Mn from UAE’s TCN International
Kerala, India-based Zaara Biotech, a student biotech startup, raised an investment of $10 million from the UAE-based TCN International Commerce LLC.
Jordanian healthtech startup, Aumet raises 6-figure Pre-Series A funding
Jordan-based B2B healthcare marketplace Aumet, on Tuesday, raised a six-figure pre-Series A funding round, led by Shorooq Partners.
Zid, Saudi E-Commerce enabler raises $7 Mn in Series-A funding led by Global Ventures
Saudi-based E-Commerce enablement platform, Zid, on Wednesday, raised $7 million in its Series-A funding round led by Global Ventures.
Telegram raises $150 Mn from Mubadala and Abu Dhabi Catalyst Partners
Telegram on Tuesday, raised $150 Mn from Abu Dhabi state fund Mubadala Investment Co and Abu Dhabi Catalyst Partners.