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.
MENA
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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.
Justmop – UAE-based home cleaning startup expands to KSA
UAE's most popular home cleaning app Justmop yesterday announced about its expansion in the Kingdom of Saudi Arabia.
Seez – Dubai-based car buying & selling platform scoops a $6 Mn
The Dubai, UAE-based startup that facilitates car buying and selling online today raised $6 million in a Series A funding round...
Cafu founder Rashid Al Ghurair launches Urban to transform Dubai’s residential rental market
Rashid Al Ghurair, the Founder & CEO of Cafu, a fuel booking app on Wednesday (12 February) launched a new tech startup called Urban...
Fake ToTok iOS app steals $199 from a Dubai-based user
The popular ToTok instant messaging and video calling app which has been into controversies for the past couple of months...