Business News
“We Got Funded!” KSA-Headquartered erad’s US$16 Million Pre-Series A Round Backed by YCombinator and VentureSouq
erad is a financing platform that helps SMEs access Shariah-compliant working capital solutions.
Financing
Business News
UAE-Based Proptech Startup Huspy Raises US$37 Million In One Of The MENA’s Largest Series A Funding Rounds
Huspy, a UAE-based proptech startup, has raised US$37 million in a round led by venture capital firm Sequoia Capital India.
Business News
The Engine Behind Nasdaq Dubai’s New Growth Market: A Guide For Dubai’s SME Sector
The benefits of listing include a reduced dependence on bank funding, a higher degree of diversification of investors, easier access to additional equity capital and debt finance, and a higher public profile and brand recognition.
Business News
UAE-Based Social P2P Payments Solution Ziina Raises US$850,000 In Pre-Seed Round
Promised to be as easy as sending a text message, the social P2P payment solution allows UAE bank account holders can use to send and receive money with just a phone number- no IBAN or SWIFT code required.
Business News
We Got Funded: The Luxury Closet Founder Kunal Kapoor On The Startup’s US$8.7 Million Growth Funding
The Luxury Closet is a Dubai-based luxury e-commerce portal that specially focuses on the pre-owned segment.
Business News
Palestine VC Firm Ibtikar Fund Raises US$2.5 Million From Regional And Global Investors
With this raise, Ibtikar increases its capital to $10.45 million, giving it the ability to invest in more Palestinian startups.
Business News
Careem Backs Egypt-Based Transportation Startup Swvl With Seed Funding
As per a statement on the seed funding, Swvl proposes to utilize the investment to "expand into new cities and markets, as well as roll out new product features within its app, including new payment options."
Business News
Strategic Alignment: Middle East Venture Partners Gets Investment From Mohamed Alabbar
While the finer details of the investment remain undisclosed, a spokesperson of MEVP that we reached out to notes that it's "not a majority transaction."