News
NEC X selects 6 startups for Batch 13 Elev X! Ignite
NEC X, the Silicon Valley venture studio backed by NEC’s advanced technologies and global businesses, announced the six visionary startups selected for Batch 13 of its Elev X! Ignite program
Orion Security raises $6 million in Seed funding round
Orion Security announced a $6 million Seed funding round led by Pico Partners and FXP with participation from Underscore VC and cybersecurity leaders including the founders of Perimeter 81 and the CIS...
Mastercard to set up global Mastercard Academy in Doha
Mastercard has revealed its intent to set up a physical presence for its global Mastercard Academy in Doha with the aim of enhancing skill sets across the financial industry for regional and global pl...
Presight and Microsoft to nurture AI startups in the UAE
Presight has partnered with Microsoft to support the Presight AI-Startup Accelerator. The UAE-based program is designed to help promising AI startups gain a commercial advantage, access cutting-edge t...
AI Health Pioneer Valeo raises $12 million in Series B
Valeo Health, a leading innovator in AI-driven at-home healthcare, has successfully closed a $12 million Series B funding round, bringing its total capital raised to $20 million. This investment will ...
Mila Beauté raises $2.16 million in Pre-Series A round
Mila Beauté, a homegrown Indian skin-friendly color cosmetics brand, has raised $2.16 million in its Pre-Series A funding round led by Rukam Capital, valuing the company at approximately $35 million.
Nayla Finance raises $4 million in seed funding
Saudi-based fintech Nayla Finance has raised $4 million in seed funding, led by Sanabil Venture Studio by Stryber, to enhance its data-driven lending platform and expand operations.
MENA FinTech Association partners with FinTech Armenia Association
The MENA FinTech Association (MFTA), the region’s leading not-for-profit industry body, announced a strategic partnership with the FinTech Armenia Association to foster cross-border synergies in Finan...
Madfu achieves Sharia certification for its BNPL solution
Madfu, a leading Saudi-based Buy Now, Pay Later (BNPL) solutions provider, has received Sharia certification from Shariyah Review Bureau (SRB), affirming that its BNPL solution offerings comply with I...