IntiGo – Tunisia’s bike-taxi rental startup reports assault
IntiGo, Tunisia's bike-taxi rental startup, yesterday reported that the members of Tunisian Union of Individual Taxis hijacked and damaged four vehicle of IntiGo.
MENA
Startup funding, acquisitions, government-backed initiatives, and cross-border business developments from across the Middle East and North Africa.
Saudi Arabia launches $178 Mn loan deferral programme for 192 regional companies
Ministry of Finance, Saudi Arabia has launched a new $178 million (SAR 670 million) initiative to help businesses in the kingdom defer loan instalments.
KoolSkools – Morocco’s edtech startup raises $400K funding from Maroc Numeric Fund II
Founded this very year, Casablanca, Morocco-based edtech startup KoolSkools has reportedly raised MAD 4 million (around $400K) from Maroc Numeric Fund II
Dubai Chamber launches online marketplace to connect buyers and sellers of PPE products
Dubai Chamber yesterday launched a new online marketplace to connect buyers and sellers of personal protective equipment (PPE) & medical supplies.
Healthcare startup Aumet raises $1.25 Mn seed funding
US-based B2B e-commerce marketplace, Aumet has raised $1.25 million in a seed funding round led by Right Side Capital, TechStars, and Plug and Play.
Thobi – Riyadh’s e-commerce platform raises $650K in seed funding from ABN Ventures
Riyadh, Saudi Arabia-based Thobi, an e-commerce platform that sells customised thobes for men has reportedly raised SAR 2.5 million from ABN Ventures
Opaala – Dubai’s hospitality startup boosting F&B venue Sales through its Smart Service
Dubai, UAE-based Opaala, a hospitality-tech startup comes in as a solution to tackle the hospitality industry pitfalls following the COVID-19 outbreak.
ADEK and startAD open applications for inaugural YouthTech Competition
Abu Dhabi Department of Education and Knowledge (ADEK) has joined forces with startAD to launch the inaugural edition of the YouthTech Competition.
Eve Virtual – MENA region’s first 3D virtual hosting platform scoops $1 Mn funding
Dubai Media City-based, Eve virtual, MENA’s very first virtual hosting platform, today announced that it has raised $1 million seed funding from Wiz Holdings and angels.
Fatura – Egypt’s B2B e-commerce platform scoops 7-figure seed funding from Disruptech
Egypt's Fatura, a B2B e-commerce platform that connects FMCG wholesalers to retailers has rraised a 7-figure investment in a seed round led by Disruptech.
Sopsy – Turkey’s e-commerce platform provider for SMEs raises $291K funding
Istanbul, Turkey-based startup that enables small e-commerce businesses to develop their platforms earlier this raised TRY 2 million (around $291K)
Turkey’s fintech Mobilexpress scoops $2 Mn funding from Instanbul’s Collective Spark
Mobilexpress, an Istanbul, Turkey-based fintech startup has recently raised a whopping $2 million in a Series A round led by Istanbul's Collective Spark.