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.
Saudi Arabia
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
Tabby – UAE’s first ‘Buy Now, Pay Later’ solution launches KSA
Tabby, UAE-based fintech startup and the region’s first 'Buy Now Pay Later' solution today announced that it has been launched in Saudi Arabia
Felix – UAE’s insurtech startup raises $800K seed from OTF
UAE's insurance e-commerce and automation platform, Felix has recently raised $800,000 in a seed funding round led by a Saudi Arabian investor
Cura – KSA’s telemedicine platform partners with MedGulf Health Insurance
This partnership supports the Kingdom’s extensive efforts in facing the implications of COVID-19, and completing the preventive and precautionary measures
Noon Academy – Saudi’s edtech platform raised $13 Mn funding
Riyadh, Saudi Arabia-based edtech startup Noon Academy today announced that the company has raised $13 million in a Pre-Series B round
KSA’s Sportstech startup Grintafy raises $1.25 Mn seed funding from Wa’ed Ventures
Grintafy Technologies, a sportstech startup today announced that it has raised $1.25 million in a seed funding round led by Wa'ed Ventures
Uber Eats exits 7 markets including Egypt & KSA, will operate under Careem Now in UAE
The foodtech joint of the international ride-hailing unicorn Uber has shut down its operations in a total of 7 markets including Egypt and Saudi Arabia.
Sary – Saudi online B2B marketplace scoops $6.6 Mn to meet skyrocketing demand amid Covid-19
Dammam, Saudi Arabia-based digital marketplace Sary yesterday raised $6.6 million in Series A round led by Raed Ventures, MSA Capital and Derayah Ventures.
Quant – Saudi data science & AI startup scoops $1.2 Mn from BIAC
The Riyadh, Saudi Arabia-headquartered data analytics and AI startup on Tuesday (March 17) raised $1.2 million in a Pre-Series A funding round from BIAC.
Saudi Arabia launches ‘Instant Visa’ for entrepreneurs through Qiwa portal
The ministry of Human Resources and Social Development on Monday introduced a scheme that will facilitate support to new businesses and entrepreneurs.
iMile – Dubai’s last-mile delivery startup scoops $10 Mn from a China-based VC
Dubai-based last-mile delivery startup iMile on 1st January raised $10 million in a Pre-Series A funding round led by a China-based venture capital firm.