My Startup World Staff
Octa raises $2.25mln to automate accounts receivable and empower SMEs
OCTA, a fintech startup focused on revolutionizing accounts receivable management for small and medium-sized enterprises (SMEs), announced the close of its $2.25 million USD pre-seed round. The round was co-led by Quona Capital and Sadu Capital.
Young startups and agribusinesses shine at Uganda trade fair
Twenty-one young Ugandan entrepreneurs, including 11 women-led agribusinesses, presented their innovative products and sustainable solutions at the country’s biggest trade event, the Uganda Manufacturers Association (UMA) International Trade Fair.
Deloitte introduces AI Factory as a Service in the Middle East
Deloitte Middle East announces the roll-out of the ‘AI Factory’ as a Service, a scalable suite of Generative AI (GenAI) capabilities built on the NVIDIA AI platform, including NVIDIA AI Enterprise software, NVIDIA NIM Agent Blueprints, accelerated computing and leveraging Oracle’s enterprise AI technology.
GCC VC Funding soars 30% amid global downturn
Pulsar has released its latest research on the Gulf Cooperation Council (GCC) venture ecosystem. The report provides an in-depth analysis of the 30% growth in venture capital (VC) funding across the region in 2023, a year marked by a global decline in startup funding.
TOTL to unveils its mobile app and dynamic QR tech at Fintech Surge 2024
TOTL, a Dubai-based fintech firm, is set to make a significant impact by unveiling its latest solutions, including a powerful mobile app and dynamic QR code technology at Fintech Surge 2024
Sparklo promotes sustainability by collecting 50 million bottles in the region
UAE-based cleantech startup Sparklo has achieved a significant milestone in its mission to revolutionise recycling and promote sustainability. In just a year, the company has expanded from 100 to over 300 innovative reverse vending machines (RVMs), known as Sparklomats, installed across the MENA region. This rapid growth is a testament to Sparklo’s commitment and the potential for positive c...
Scoutr partner with AstroLabs to enter UAE market following Fundraise
Scoutr.ai, an innovative AI-driven recruitment automation platform, has entered the UAE market through a strategic partnership with AstroLabs following the successful raise of $500,000 in initial seed funding. Besides helping Scoutr.ai accelerate its go-to-market plans for the UAE market,
Web3 gaming startup PiP World secures $10million in seed funding
PiP World, a pioneering Web3 gaming and EdTech ecosystem, has secured $10 million in seed funding from Exinity, a leading global fintech firm to revolutionize financial education, transforming it into an engaging and gamified experience that’s accessible to users at all levels.
4Partners secures $3.6M to enter UAE and support expansion plans
4Partners, a Dubai-based dropshipping service, secures $3.6M in a funding round to enter the UAE market and support its regional growth and expansion plans. With this capital, the company aims to assist businesses of all sizes with its comprehensive platform
Kickstarter projects raised over $8.2 billion
As one of the largest crowdfunding platforms globally, with over 640,000 launched projects, Kickstarter received pledges worth billions of dollars over the last fifteen years. According to data presented by Stocklytics.com, Kickstarter projects have raised over $8.2 billion from July 2012 to September 2024,
Bpifrance, Sawari Ventures, and Flat6Labs to support Francophone and African entrepreneurs
Bpifrance, Sawari Ventures, and Flat6Labs announced the signing of an MoU. This strategic partnership is designed to strengthen ties between Africa, Europe, and the Middle East and to provide enhanced support for Francophone and African entrepreneurs in their development across the three continents.
ADIB launches ‘ADIB Ventures’ to drive fintech innovation
Abu Dhabi Islamic Bank (ADIB) has launched ADIB Ventures, a new strategic initiative designed to accelerate innovation and collaboration within the global financial technology (fintech) sector. The program aims to strengthen ADIB’s position as a leader in digital transformation.