UAE-based e-commerce platform Powder Beauty has closed its pre-Series A funding round at an undisclosed value, led by Sophia Collective and NKHEL, Nithin and Nikhil Kamath. The round saw participation from several regional angel investors, including Maha Taibah. The female-led

Bahrain-based @tenmoubh angel investment company has invested in two Baharini startups, Tajweed and Travilege. Founded in 2021 by Salman AlMarzooq, Travilege is an online B2B2C ERP software designed for travel agencies. Meanwhile, Tajweed, founded by Khalil Alqaheri, is a

Kuwait-based proptech Sakan| سكن has acquired the Qatari company @Hapondo for an unknown amount. Founded in 2016 by Abdullah Al-Saleh, Sakan is a real estate marketplace with a presence in Kuwait, Saudi Arabia, Oman, and Bahrain. Meanwhile, Hapondo, founded in 2019 by Ahmad

"We are witnessing unprecedented times for local fintech companies. The influx of overseas capital will continue to grow as foreign investors recognise all the untapped potential in the fintech scene across the region." Read the full article by Olena Petrosyuk, the co-founders

Egypt-based think tank Entlaq Holding has launched the results of its bi-annual report on the Egyptian entrepreneurship sector for the first half of 2024. Founded in 2022 by Mohamed Ehab Hafez, Omar Rezk, Menna Zaghloul and Aya Ismail, Entlaq is dedicated to reshaping Egypt’s

UAE-based Web3 streaming platform myco has completed the first closing of its Series A funding of $10 million at a post-money valuation of $80 million. The round was backed by Daman Investments, Aptos Labs, B Digital, Mocha Ventures, Art3 Foundation, Ghaf Capital Partners,

Saudi Arabia’s national enabler of the tourism sector, the Tourism Development Fund (TDF), has celebrated the first cohort of the "TDF Grow Accelerator" programme in KAFD Conference Centre in Riyadh. wamda.com/2024/08/tdf-gr…

احتفل صندوق التنمية السياحي، الممكّن الوطني للقطاع السياحي في المملكة العربية السعودية، بتخرج الدفعة الأولى من برنامج "مسرعة نمو السياحة" في قاعة المؤتمرات بمركز الملك عبدالله المالي في الرياض. wamda.com/ar/2024/08/tdf…

Verofax secures $3 million in bridge round wamda.com/2024/08/verofa…

.@Tawaref_Capital series: The entrepreneurship license offers exclusive benefits to support startups, including reduced fees, premium residency eligibility, and access to a top global business ecosystem. Once granted, you can immediately conduct business in Saudi Arabia. This

Which MENA country do you think dominated startup funding in August 2024? Vote now and see if you can guess the top performer! Plus, stay tuned for Wamda’s full analysis of the region’s investment map next Monday. #WamadaReport #MENAStartups #Investment #August2024

Saudi Arabia-based healthtech @ThakaaMed has secured a Seed round investment through Falak Angels syndicate. Founded in 2022 by Alwaleed Albadr, ThakaaMed specialises in AI-driven healthcare solutions, focussing on transforming care through advanced predictive, preventive, and

UAE-based ERP provider Hulexo has raised an undisclosed Seed investment round from Arzan VC. wamda.com/2024/09/arzan-…

Saudi Arabia-based fintech Tabby | تابي has announced finalising an acquisition deal of طويق | Tweeq, a Saudi-based digital wallet licensed by the Saudi Central Bank (SAMA). wamda.com/2024/09/tabby-…

The UAE's startups emerged as the most-funded ecosystem in the MENA region in August 2024, raising $55.7 million across 13 deals, sending Saudi Arabia to second with roughly $16 million raised by nine startups. Egypt, which dominated MENA investment in July, ranked third in

UAE-based open banking platform Tarabut has acquired the London-based fintech @PayVyne. #UAE #Startups #Banking #Investments #Funding wamda.com/2024/09/tarabu…

Saudi Arabia-based fintech Malaa has closed a Series A funding round at $17.3 million, led by SNB Capital, with participation from Derayah Financial, Khwarizmi Ventures, Impact46, and WKN. Founded in 2021 by Ali Aloraini and Faisal Alqarni, Malaa is a wealth management tool that

For the 3rd consecutive month, #fintech led all sectors in attracting the majority of investment in the MENA region last month, garnering more than $54 million across 8 deals. The Web3 domain continues appeal to investors, as it came in second with $13.5 million raised by 3

Tunisia-based cleantech @Wattnowio has closed a multi-million dollar funding round, led by Lateral Frontiers and 216 Capital. The round also features Outlierz Ventures, Satgana, Octerra Capital, and a group of strategic angel investors, including InstaDeep founder Karim Beguir

أغلقت منصة ذا ليندينج هب “The Lending Hub SA” السعودية جولة استثمارية بقيمة 3.2 مليون دولار أمريكي بقيادة شركة امبارك ومستثمرين ملائكيين، وذلك خلال مشاركتها في مؤتمر فنتك24 المقام في الرياض. تأسست ذا ليندينج هب على يد فهد المديهيم في عام 2023، وتوفر خدمات التمويل من نظير إلى نظير عبر ربط