Funding
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...
Tamara lands $1 billion valuation with $340m Series C funding
Tamara, the leading fintech platform to shop, pay and bank in Saudi Arabia and the wider GCC region, has achieved the historic milestone of becoming the Kingdom’s first homegrown fintech unicorn by se...
TERRA TECH raises $2 million in seed funding round
TERRA TECH closed its seed funding round, raising $2 million from a group of strategic angel investors facilitating the startup’s revenue generation stage – a significant milestone. Terra intend...
Latest round of funding raises Andalusia Labs valuation to over $1 billion
Andalusia Labs, formerly known as RiskHarbor, the global leader in risk management infrastructure for digital assets, has successfully raised $48 million in Series A funding round, positioning the com...