Saudi Arabia
46% increase in cyber attacks on SMEs in Saudi Arabia
Kaspersky researchers assessed the dynamics of attacks on SMEs between January and April 2022 and the same period in 2021 to identify which threats pose an increasing danger to entrepreneurs. The numb...
Ogram raises $3 million to expand into Saudi Arabia and Europe
Ogram, the region’s first digital on-demand staffing platform has announced a $3 million Series A funding round, led by Modus Capital and Aditum Investment Management. Dtec Ventures, the investm...
Mastercard announces a strategic partnership with HyperPay
Mastercard has announced a strategic partnership Saudi Arabia-based HyperPay, the fastest growing e-commerce payments services provider in the Middle East and North Africa (MENA), to drive the adoptio...
KPMG launches 2nd edition of global tech innovator competition
Following the acknowledged success of the 2021 edition, KPMG in Saudi Arabia has returned with another competition, to find the most influential and inspiring tech innovator of the year. The firm is l...
Saudi Arabia launches SME Development Program
The International Islamic Trade Finance Corporation (ITFC), Saudi EXIM Bank, and General Authority for Small and Medium Enterprises (Monshaat) signed an tripartite MoU to launch the KSA SME Developmen...
Spoilz Games raises 2.6 million SR in pre-seed funding
Riyadh based, mobile gaming studio and publisher, Spoilz Games has closed a pre-seed investment round of 2.6 million SR from angel investors. This investment will allow the company to further develop ...
Geidea expands its operations into the UAE
Geidea, the largest fintech company in Saudi Arabia by market share, today announced that it has expanded its operations into the United Arab Emirates and will offer an extensive suite of value-added ...
Riyadh-based C2C marketplace, Soum raises $4 million
Riyadh-based C2C marketplace, Soum has successfully raised $4 million in seed funding led by Outliers Venture Capital and Mazen Aljubeir. The round also included participation from Khwarizmi Ventures,...
KAUST, SABB award $1.1million in funding to 11 startups
King Abdullah University of Science and Technology (KAUST) and partner Saudi British Bank (SABB) previewed 23 startups—eight from Saudi Arabia and 15 international—and 58 founders during its annual TA...