Startup News and Featured Stories fostering insights to various sectors (Fintech, Edtech, Logistics etc.) of MENA (Middle East & North Africa)

  • Eureka – Indonesia-based AI startup scoops $20 Mn from Riyadh TAQNIA, Apis, Gobi & MEC

    Indonesia-based Eureka, AI startup on 18 February raised $20 million in a Series B round co-led by Apis Partners, Riyadh TAQNIA, Gobi Partners MEC Ventures.

  • Garment IO – Egyptian IoT/SaaS startup scoops $450K from Egypt Ventures & 500 Startups

    Giza, Egypt-based Garment IO on Wednesday raised made an announcement of its seed funding round of $450K fundraise from Egypt Ventures and 500 Startups.

  • Careem to offer financial services in cash-based mode in the Middle East via Careem Pay

    UAE and MENA’s ride-hailing unicorn Careem which was acquired by Uber back in January is reportedly aiming to tap into the financial services sector.

  • Mrayti – Jordan-based beauty tech startup expands to Egypt

    Mrayti, Amman-based beauty services platform yesterday made the announcement of the commencement of their operations in Egypt

  • DIFC reaffirms commitment to advancing Fintech ecosystem

    DIFC Authority & DIFC FinTech Hive built strong relationships during world’s largest financial technology event in Singapore to boost FinTech sector across MEASA.

  • Prince Khaled’s KBW Ventures invests in California-based BlueNalu

    New investors to this round include KBW Ventures, led by His Royal Highness Prince Khaled bin Alwaleed bin Talal Al Saud.

  • Codengines – Dubai-based legaltech startup raises undisclosed amount from Cultiv8

    The legaltech startup Codengines software on Wednesday raised funding from Dubai’s Cultiv8 to expand into other GCC regions.

  • Dubai Economy launches Instant Bank Account for new firms & entrepreneurs

    Here’s to the new synergy developed by the Dubai Economy, a blockchain consortium ‘Instant Bank Account’ in partnership with the six UAE banks…

  • Falcon Edge scoops $300 Mn from Abu Dhabi & UAE for its India-focused VC fund

    US-based global alternative asset manager Falcon Edge on Tuesday raised a $300 million for its India-focused fund called Alpha Wave Incubation (AWI)

  • StartersHub – Turkey’s early-stage fund invests $150K in Udentify

    The Istanbul, Turkey headquartered Udentify today raised $150,000 from StartersHub, an early-stage focused investment fund based in Istanbul.