Wamda

Saudi Arabia

Saudi Arabia’s Wadaie raises pre-Seed funding

Saudi Arabia-based fintech Wadaie has secured a pre-Seed funding round led by RZM Investments, along with Bunat Ventures and other Saudi...

Wadaie RZM Investments Bunat Ventures

Egypt

Egypt’s Flash raises $6 million Seed round

Egypt-based fintech Flash has completed a $6 million Seed round led by Addition with participation from Flourish Ventures and other...

Flash Fintech Addition

Egypt

Egyptian fintech Menthum raises pre-Seed funding

Egypt-based fintech Menthum has raised pre-Seed funding from Acasia Ventures, along with A15 and other angel investors. Founded...

Menthum Acasia Ventures A15

Egypt

Egypt’s Masroofi raises $1.5 million

Egypt-based fintech Masroofi, has closed a $1.5 million investment round from undisclosed investors. Founded in 2022 by Mostafa...

Masroofi Fintech

U.A.E

Tabby closes new round, upsizes debt facility to $350 million

UAE-based fintech Tabby has upsized its debt facility to $350 million after closing a new financing round led by San Francisco-based...

Tabby Fintech BNPL

Saudi Arabia

Saudi fintech Wosul raises $3.2 million

Saudi Arabia-based fintech Wosul Payments has raised a $3.2 million Seed round led by Khalab’s company along with a group of angel...

Wosul Fintech وصول

U.A.E

UAE-based fintech TWIG raises seven-figure pre-Seed round

UAE-based fintech TWIG has secured an undisclosed pre-Seed round "exceeding $1 million", backed by Phoenician VC, MMK Capital,...

TWIG Fintech DIFC

Jordan

JoPACC launches fintech incubator in Jordan

The Jordan Payments and Clearing Company (JoPACC) has launched the JOIN Fincubator, a fintech incubator that will support the...

JoPACC Rainmaking Join Incubator

Egypt

Acasia Ventures leads Balad’s seven-figure pre-Seed round

Egypt-based fintech Balad has raised a seven-figure pre-Seed round led by Acasia Ventures. Other investors in the round included Launch...

Acasia Ventures Balad Fintech

Saudi Arabia

Saudi fintech Hakbah closes $2 million pre-Series A round

Saudi Arabia-based fintech Hakbah has closed a $2 million pre-Series A funding round, financed by Global Ventures and Aditum Investment...

Hakbah Fintech Global Ventures

Saudi Arabia

Shaker Group acquires 10% stake in Cashew

UAE-based fintech Cashew has raised an undisclosed investment from Saudi company Shaker Group, for a 10% stake. Founded in 2019 by...

Cashew Shaker Group Fintech

Egypt

Camel Ventures launches $16 million fund to back fintech in Egypt

Egypt-based Camel Ventures has launched a $16 million VC investment vehicle “Camel Ventures for Investment I (CVI)”. The...

Camel Ventures Fintech CVI

U.A.E

Credable closes $2.5 million Seed round led by Acasia Ventures

UAE-based fintech Credable has closed a $2.5 million Seed round led by Ventures Platform and Egypt-based VC firm Acasia Ventures...

Credable Acasia Ventures Fintech

Saudi Arabia

SVC launches $80 million VC fund to back fintech in KSA

Saudi Venture Capital Company (SVC) has launched an $80 million Investment in Fintech VC Fund, in partnership with the Capital Market...

SVC Fintech Saudi Arabia

Saudi Arabia

Tamara raises $150 million debt financing from Goldman Sachs

Saudi Arabia-based fintech Tamara, has closed a $150 million debt financing round from Goldman Sachs, bringing the startup’s total...

Tamara Fintech Goldman Sachs

Saudi Arabia

Amwal raises $2.5 million pre-Seed round

Saudi Arabia-based fintech Amwal has secured $2.5 million in a pre-Seed round co-led by Shorooq Partners and Outliers Venture Capital...

Outliers Venture Capital Shorooq Partners Amwal

Saudi Arabia

Open banking in Mena: Shifting gears and making strides

Abdulla Almoayed is the founder and CEO of open banking platform Tarabut Gateway The Middle East and North Africa (Mena) region is now...

Open banking Fintech

Egypt

tabby halts operations in Egypt

UAE-based buy now and pay later (BNPL) startup tabby, has shut down its operations in Egypt five months after launching its service in the...

Tabby Fintech BNPL

Egypt

Hollydesk raises $1 million venture debt

Egypt-based fintech Hollydesk has raised $1 million in venture debt financing from unknown investors. Founded in 2020 by Mahmoud...

Hollydesk Fintech

Regional

Wafeq: the fintech catering to regional standards

It was in 2018 when Nadim Alameddine was preparing to file his first ever tax return that the idea for an accounting software came to him....

Wafeq Fintech

U.A.E

Holo secures seven-figure Seed round

UAE-based fintech Holo has announced a seven-figure Seed round, led by Saudi Arabia’s Watheeq Proptech Venture and Hambro Perks...

Holo mortgage Fintech

Egypt

Egypt’s MNT-Halan raises $400 million at valuation of $1 billion

Egypt-based fintech MNT-Halan has raised up to $400 million in equity and debt financing from local and global investors. The round...

MNT-Halan Fintech Chimera Capital

U.A.E

Tabby raises $58 million Series C from Sequoia Capital India, STV and PayPal Ventures

UAE-based fintech Tabby, has raised $58 million in a Series C round from Sequoia Capital India, STV and PayPal Ventures, Mubadala...

Fintech Buy now pay later BNPL

Regional

What is next for Careem's mobility of money?

Careem remains one of the Middle East’s biggest success stories, inspiring a legion of entrepreneurs and generating one of the...

Careem Pay careem Fintech

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