Funding
Dukkantek announces official expansion into six additional markets
In response to the increase in demand, and after a recent influx of $5.2 million in funding, Dukkantek, the UAE’s first revolutionary store management platform, has officially announced its expa...
Millennial Brands raises $35 million
Millennial Brands, an emerging consumer player specialising in launching and developing the next generation of direct-to-consumer and digital brands, operating in the Middle East, has secured a new ro...
WafR raises 2.7 million dirhams from several Moroccan and foreign business angels
Following an initial round of funding of 3.5 million Moroccan Dirhams (MAD), WafR, an application that allows retail brands to broadcast smart promotions to grocers to increase their market share on t...
nSure.ai’s real-time fraud protection intelligence platform raises $18 million
nSure.ai, the world’s first fully automated chargeback guarantee platform, raised $18 million in Series A funding, led by MoreTech Ventures with additional investments by seed-round participants...
Kouncel raises $1.2 million in its latest funding round
Kouncel has raised $1.2 million in its latest funding round, the funding round was led by Zaldi Capital for investment “an Investment Bank focused on SMEs and Assets Management”, the African Developme...
Qashio raises $2.5 million in its pre-Seed funding
UAE-headquartered fintech business, Qashio has entered the MENA market on a strong note by raising $2.5 million in its pre-Seed funding. Qashio’s enterprise-grade expense management platform enables b...
Pyypl raises $11 million in series A
UAE based fast growing fintech, Pyypl closed a $11 million series A financing round with participation from a diverse group of international family offices and HNWI’s. The company provides digital pay...
MENA region attracts funding of $2.87 billion in 2021
According to a latest study by Wamda, the year 2021 saw several records broken that included the largest funding round to date, the highest number of deals, and the arrival of Softbank and Sequoia Cap...
GRAID Technology secures $15M in Series A Funding
GRAID Technology announced today that it has secured a $15 million Series A funding round, led by Capital TEN. Additional investors include Cathay Venture Inc., China Investment & Development Comp...