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Weekly Roundup – Top startup news you ought not to miss [August 24-30]
Here's to this week's news roundup, featuring the top startup news and stories published on LAFFAZ from 24 to 30 August, 2020.
Funding
Cairo’s foodtech startup Ordera bags six-figure seed funding
Cairo, Egypt-based Ordera has raised six-figure seed from Alexandria Angels (Egypt) and DAAL VC (Saudi Arabia), and AUC Angels.
Ikas – Turkey’s omnichannel retail management platform raises funds
Ankara, Turkey-based omnichannel retail management platform Ikas has raised an investment from Qnbeyond Ventures
Jordan’s Hikma Ventures invests in Canada’s Seamless MD
Jordan's Hikma Ventures has invested in a $4 million Series A funding round for Canada's SeamlessMD with MEDTEQ, Anges Québec, AIoT Health, and Sanjay Malaviya
Muse Wearables raises $3 Mn to launch a wearable COVID-19 tracker
Bengaluru-based Muse Wearables, an IIT Madras-incubated startup yesterday raised $3 million from its existing investors and new investors.
Saudi Arabia’s PIF and UAE’s ADIA might invest further in Jio Platforms
Reliance is presumed to sell more stakes to Public Investment Fund (PIF), Saudi Arabia based and Abu Dhabi Investment Authority (ADIA).
Bengaluru’s Avail Finance bags $11.5 Mn from Alphawave and Matrix
Bengaluru's Avail Finance, a micro-lending startup has today raised $11.5 million in from Alphawave Incubation Fund and Matrix Partners.
Stack Finance – Bengaluru’s finance platform raises seed funding
Bengaluru's millennial-focused finance platform Stack Finance has recently closed a seed funding round of undisclosed sum led by SOSV
Lebanon’s edtech startup Geek Express bags $520K
Lebanon and UAE-based edtech startup, Geek Express has secured $520K in a Pre-Series-A round from National Talents, IM Capital, DHV Partners
Qatar’s Cwallet secures over $500K to facilitate banking via Blockchain
Qatar's cwallet is a fintech startup with the first and only mobile application to facilitate banking via blockchain technology.
Whyise – Jordan’s impact-analytics startup raises seed funding
Jordan-based Whyise, an AI-powered impact analytics startup has recently raised seed investment from Ahli Fintech.
Egypt’s Makwa raises six-figure seed funding
Makwa, Cairo-based laundry startup earlier this week announced that it has raised a six-figure seed investment from an angel investor.