News
Spare raises $5M to scale open banking infrastructure
Spare, a fast-growing open banking infrastructure provider based in Riyadh, has raised USD 5 million in a pre-Series A funding round led by anb Seed Fund, the venture capital fund of ANB Capital —a su...
SEON closes $80 million Series C funding round
SEON, the command center for fraud prevention and AML compliance, announced the close of its $80 million Series C round of funding. The investment was led by Sixth Street Growth with participation fro...
Nothing raises $200 million at $1.3 billion valuation
Nothing announced the new Series C funding round of $200 million, taking the company’s valuation to $1.3 billion. According to Nothing, this milestone marks the start of our next phase: From bei...
Amaani raises $3M to launch Arab beauty brand AÏZA
Amaani, a new-age consumer company reimagining beauty and wellness from the Middle East, has raised $3M in seed funding for its debut Arab beauty brand, AÏZA. The round was led by Peak XV’s Surge (for...
Agentic AI customer service startUp Clarity raises $12M
Clarity, an AI-powered customer-experience and voice-of-customer (VoC) platform for highly regulated industries, has raised $12 million in new funding. The round is led by Prosus Ventures with partici...
Tamara secures new asset-backed facility of up to $2.4B
Tamara, the first homegrown Saudi fintech unicorn, has secured the largest asset-backed facility of its kind in the region of up to $2.4 billion from major financial institutions, including Goldman Sa...
Rainforest raises $29 million to fuel expansion
Rainforest, an embedded payment provider purpose-built for software platforms, announced it has raised an oversubscribed $29 million Series B funding round led by Matrix Partners and Infinity Ventures...
HALA raises $157 million in Series B funding round
HALA, Saudi Arabia’s leading fintech and provider of embedded financial services to micro, small and medium enterprises, has raised $157 million in a Series B investment round led by The Rise Fu...
Trusity and ENOC to empower Emirati Youth
Trusity, a leading skill-tech platform and Dubai SME certified incubator, has joined forces with Emirates National Oil Company (ENOC) to empower Emirati students with the skills, knowledge, and mentor...