Funding

Auto1 Secures $560M in Funding from SoftBank Vision Fund

German used-car dealing platform Auto1 said a 460 million euro ($561 million) financial infusion from Japan’s Softbank meant it was under no pressure to launch an initial public offering to fund...

SoftBank Files for $18 Billion IPO of its Mobility Unit

SoftBank, the Japanese telecom company that owns 80% of U.S. carrier Sprint, is considering an IPO that would spin off the company’s mobile phone unit.

Chronext Raises $34 Million in Funding

There are quite a lot of providers that allow you to promote your used watches or just buy new watches however few have the funding battle chest of Chronext.

500 Startups Announces “MENA Dojo” Second Batch

500 startups has just announced the launch of their ‘MENA Dojo’ Series A Programme’s second batch.

Village Capital and MetLife Foundation Award $50000 to FinTech Startups

On December 19 in Dubai, MetLife Foundation and Village Capital ran the Middle East Financial Health Competition

Eyewa Raises $1.1 Million from UAE and KSA Investors

eyewa, the largest eyewear e-commerce specialist in the UAE and KSA, is seeing dramatic growth since launching in 2017.

Myths and Misconceptions Surrounding VAT

With the onset of the New Year, a five per cent levy on most goods and services was introduced in the UAE in the form of Value-Added Tax (VAT).

Squarespace Raises $200 Million Funding at a $1.7B Valuation

Squarespace, the 14-year-old platform that makes it easy for essentially anyone to build their own website, is raising about $200 million from General Atlantic

Crypto Finance Raises Funding to Apply for Swiss Banking License

Virtual currency investment firm Crypto Finance has closed a EUR13 million capital raise to fund an application for a Swiss banking license.