Funding
Tameed raises $15M in Series A funding round led by Alromaih Investments
Tameed announced that it has successfully raised SAR 56.75M ($15M) in a Series A funding round led by Alromaih Investments, which the company plans to accelerate its growth and meet the increasing dem...
Rwanda’s Ampersand raises USD 19.5 million
Ampersand, Africa’s first electric transport energy company, has raised $19.5 million in funding led by Ecosystem Integrity Fund (EIF) and is joined by Acumen and Hard Edged Hope Fund. In addition, th...
Axelspace raises approximately $44 million in Series D
Axelspace Holdings Corporation completed its Series D funding round, raising approximately $44 million. The round sees the allocation of new shares to SMBC-GB Growth I Investment Limited Partnership, ...
Tabby secures $700M in debt financing from J.P. Morgan
Tabby has secured up to $700 million in receivables securitization from J.P. Morgan. The deal represents the largest asset-backed facility obtained by a fintech company in the MENA region.
Riyadh-based Soum secures $18 million in Series A
Riyadh-based marketplace for secondhand products, Soum has successfully secured $18 million in Series A funding led by Jahez and participation from Isometry Capital along with existing investors parti...
Saudi-based Hakbah raises $5.1 million in Series A funding
Saudi-based fintech savings platform Hakbah successfully raised $5.1 million in a Series A funding round led by VentureSouq, M-Capital, Bunat Ventures, and existing investors Global Ventures and Aditu...
UAE-based Zeroe raises $2.2 million in seed funding
UAE-based Zeroe, an AI-enabled enterprise SaaS platform, announced the close of its series seed funding round. The oversubscribed round raised $2.2 million in new capital to fuel the company’s next ph...
Spare closes a $3 million funding round led by Vision Ventures
Spare, the pioneering open banking services provider, announced the close of a $3 million funding round led by Vision Ventures with participation from Wa’ed Ventures, Seedra Ventures, global inv...
ISchool raises $4.5mln led by VentureWave Capital
iSchool raises $4.5M in a funding round led by VentureWave Capital, an Irish VC, followed by OneStop Capital UK, Webit Investment Network, and Oraseya Capital the Venture Capital arm of Dubai Integrat...