News
Flat6Labs launches $95 million Seed Fund to back African early-stage startups
Flat6Labs, has announced the launch of a new $95 million Seed Fund to nurture the growth and development of early-stage tech startups on the African continent. Flat6Labs has a proven track record in c...
PwC reports exceptional M&A activities in the Middle East
PwC Middle East released its 2023 TransAct Middle East report titled, “Gulf exceptionalism creates M&A opportunities despite global headwinds,” which offers insights on the Merger & Acqu...
COFE raises $15 million in Series B funding round
COFE, MENA’s premiere online coffee marketplace has announced the successful completion of its Series B funding round, raising $15 million in investment capital. Coming onboard as the lead investor is...
Dubai SME and India Accelerator launch iAccel Gulf Business Incubator
India Accelerator, India’s only seed accelerator programme with Global Accelerator Network, has launched the iAccel Gulf Business Incubator (iAccel GBI) in Dubai under Dubai SME, an agency of Dubai’s ...
Saudi Financial Academy and AstroLabs to launch fintech bootcamp
The Saudi Financial Academy and AstroLabs have come together to offer a future-forward data for fintech training program aimed at inspiring the next generation of fintech pioneers in Saudi Arabia.
Sav raises $ 750,000 in pre-seed round
Sav, a leading innovator in the personal savings space, announced the successful closure of its pre-seed funding round, raising $750,000. The funding was raised from prominent angel investors and fint...
Collapse of Silicon Valley Bank threatens a wider financial crisis
The collapse of Silicon Valley Bank (SVB) threatened to prompt a wider financial crisis and the authorities had no choice but to roll out emergency measures, says the CEO of one of the world’s largest...
Kara raises SAR2.2 million in a pre-seed round
Kara, a startup that specializes in providing renting services for consumer electronic devices to institutions, announced the closing of its first investment round in the pre-seed stage, at a value of...
Social Development Bank pledges $6.4 billion to fund entrepreneurs in KSA
Today, the Social Development Bank (SDB) pledged $6.4 billion to fund entrepreneurs, small and medium-sized enterprises (SMEs), and freelancers across the Kingdom over the next three years.