News
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...
MEST Africa Challenge unveils Top 5 startups for $50K equity prize
The MEST Africa Challenge (MAC), an Africa-wide pitch competition for early-stage technology startups, is proud to announce the top 5 Regional Winners who will compete for the grand prize of $50,000 i...
Winners of regional finale of Huawei ICT Competition announced
Winning student teams of the regional finals of the Huawei ICT Competition 2023-2024 Middle East and Central Asia (ME &CA) were felicitated at a grand closing and awarding ceremony on December 21,...
Scienjoy Verse Tech pioneering the future of metaverse
Scienjoy Verse Tech, founded by a consortium of tech visionaries and creative minds, announced the launch of its operation in Dubai at an event held at Meydan Racecourse, where it showcased a glimpse ...
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...
GoDaddy highlights impact of AI on small businesses
GoDaddy highlights the potentially transformative impact of Artificial Intelligence (AI) on small businesses. With AI technologies like ChatGPT gaining rapid traction, GoDaddy underscores the possibil...
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...