Funding

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, a micro-lending startup has today raised $11.5 million in from Alphawave Incubation Fund and Matrix Partners.

Bengaluru's millennial-focused finance platform Stack Finance has recently closed a seed funding round of undisclosed sum led by SOSV

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 is a fintech startup with the first and only mobile application to facilitate banking via blockchain technology.

Jordan-based Whyise, an AI-powered impact analytics startup has recently raised seed investment from Ahli Fintech.

Makwa, Cairo-based laundry startup earlier this week announced that it has raised a six-figure seed investment from an angel investor.

Dubai-based Sehteq, a health insurance startup has recently raised $20 million from 971 Capital to build its reinsurance vertical.

Saudi's Pi Flow, a virtual accounting company has raised undisclosed funds from a group of angel investors and Saudi Venture Capital Company (SVC).

Cairo, Egypt-based fintech startup Paymob last week raised $3.5 million from Global Ventures and Dutch Entrepreneurial Development Bank FMO

UAE's eyewa, an e-commerce player in the eyewear space last week raised $2.5 million from Wamda Capital, EQ2 Ventures and Nuwa Capital

Eduvanz, Mumbai-based NBFC has raised $5 million in a Series A round led by Sequoia India, with participation from its existing investor, Unitus