U.A.E Majid Al Futtaim launches new accelerator to support regional SMEs UAE-based retail group Majid Al Futtaim and AstroLabs have launched Majid Al Futtaim Launchpad, an accelerator programme that aims to... News • 08 June, 2022 Majid Al Futtaim Astrolabs accelerator
Iraq Lebanese delivery app toters raises $18 million Series B round Lebanon-based super app toters, has raised $18 million in a Series B round from International Finance Corporation (IFC), March... Dunya Hassanein • 07 June, 2022 toters ifc
Egypt Egypt’s Nice Deer raises $1 million pre-Seed round Egypt-based insurtech Nice Deer has raised a $1 million pre-Seed funding round led by DisrupTech Ventures. Founded in early 2022 by... News • 07 June, 2022 Nice Deer Insurtech healthtech
Egypt valU expands to Saudi market through partnership with Alhokair Egypt-based fintech valU, has extended its services to Saudi Arabia through a partnership with FAS Labs, owned by Fawaz Abdulaziz... News • 06 June, 2022 valu BNPL Alhokair
U.A.E Dirwaza Curatorial Lab launches microfund for creative access UAE-based incubator Dirwaza Curatorial Lab has launched The Dirwaza Microfund for Creative Access targeting creative practitioners in... News • 06 June, 2022 Dirwaza Curatorial Lab Microfund
Morocco Moroccan fintech WafR raises $455,000 Morocco-based fintech and rewards startup WafR, has raised $455,00 in a round led by Launch Africa Ventures, First Circle Capital,... News • 06 June, 2022 WafR
Saudi Arabia Hyperpay raises $36.7 million led by Mastercard KSA-based fintech HyperPay has raised $36.7 million in a funding round led by Mastercard, with participation from Amwal Capital Partners... News • 01 June, 2022 hyperpay MasterCard
Egypt Egypt’s Appetito acquires Tunisia’s Lamma Egypt-based q-commerce Appetito has acquired Tunisia’s Lamma to expand operations in Morocco, Tunisia and West Africa for an... News • 01 June, 2022 Appetito Lamma q-commerce
U.A.E Pure Harvest Smart Farms acquires BayWa's interest in agritech venture UAE-based agritech Pure Harvest Smart Farms is forming an alliance with Al Dahra Group by acquiring BaWa’s controlling interest... News • 01 June, 2022 Pure Harvest Smart Farms agritech acquisition
Egypt Grubtech expands to Egypt UAE-headquartered foodtech startup Grubtech, has announced its expansion to Egypt, planning to invest $5 million into operations over... News • 01 June, 2022 GrubTech
U.A.E UAE’s Alpha Waves invests in India’s Cuemath UAE-based Alpha Wave has invested in Indian edtech Cuemath, as part of its recent fundraising estimate at $57 million, alongside other... News • 01 June, 2022 Cuemath Alpha Wave
U.A.E UAE’s Augustus Media acquires CamPlus Sports UAE-based Augustus Media has acquired CamPlus Sports, the Dubai-based sports system integrator, that portrays live matches and on-demand... News • 31 May, 2022 Augustus Media CamPlus
Saudi Arabia Tarabut Gateway partners with four Saudi banks as open banking nears Bahrain founded and UAE-based open banking platform Tarabut Gateway has partnered with four banks in Saudi Arabia, including Riyad Bank,... News • 31 May, 2022 Tarabut Gateway Open banking
Egypt Egypt’s CASF invests in South Africa’s Finclusion Group Egypt-based micro VC fund The Cairo Angels Syndicate Fund (CASF) has invested an undisclosed amount in the South Africa-based fintech... News • 30 May, 2022 CASF Cairo Angels Syndicate Fund Fincusion Group
U.A.E UAE’s Cypher Capital invests in Spain’s Iomob Dubai-based blockchain-focused VC firm Cypher Capital, has invested in Spain-based decentralised marketplace, Iomob. Founded in 2018... News • 30 May, 2022 Cypher Capital Iomob
Global SWVL to lay off 32 per cent of its workforce, expects to turn profitable in 2023 Egypt-born and Dubai-headquartered mobility startup SWVL, announced plans to reduce its workforce by 32 per cent. The planned layoffs... News • 30 May, 2022 Swvl
