News
Stake, secures over US$8 million in a pre-series A funding
Dubai-based digital real estate investment platform, Stake, secured over US$8 million in a pre-series A funding round. This follows a US$4 million seed round the company closed back in June 2021, brin...
ArabyAds rasies $30 m in pre-series B
ArabyAds, the leading AdTech company in the MENA region, announced that it has raised $30 Million in Pre-Series B funding round from AfricInvest, a leading pan-African investment platform managing mul...
Nigerian fintech startup, Grey raises $2 m in seed funding
Grey, a fintech started by two Nigerians to simplify sending and receiving foreign payments for Africans, has raised $2 million in seed funding. The service offered by Grey enables its customers to ha...
Hub71 accepts its second cohort of the year
Hub71 has selected its latest cohort of tech startups from a large number of applicants worldwide that chose to setup and scale from the UAE’s capital. For the next two years, the new cohort wil...
Nigerian start-up Anchor joins Y Combinator Summer 2022 Batch
Nigerian start-up Anchor, a banking-as-a-service (BaaS) platform, has announced its public beta launch. The startup was also accepted into Y Combinator Summer 2022 Batch as the first African BaaS and ...
Virtuzone to accept payments in cryptocurrency via Binance Pay
Virtuzone, the UAE’s leading provider of business formation and corporate services, has partnered with Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure p...
NFT project, Crypto Arabs trending on the top in the region
For the first time in history an NFT project has made it to the top spot trending on twitter in the MENA region. Newly founded Middle-East based project Crypto Arabs is making headlines with their NFT...
Entries now open for Microsoft for Startups’ GrowthX accelerator
Microsoft for Startups Middle East has announced the opening of applications for the third cohort of its highly engaging GrowthX Accelerator Program. The organization has also opened-up free registrat...
Emirates Development Bank offers loan approvals of AED5 million within five days for SMEs and startups
Emirates Development Bank (EDB) has announced a new lending feature that allows SMEs to apply for loans of up to AED5 million directly through its Digital Banking App and receive approval or feedback ...