#funding
The funds will be used to enhance features, allow for investments in ecosystem partnerships and onboard industry experts
Through a digital solution, the platform assists financial advisers in matching consumers with products that is suited for their needs, reducing the difficulties of paperwork
Zenda, is the first fintech app that lets parents to pay school fees with pay-now and pay-later options, and unlock rewards for paying on time
The Series C funding was led by Prosus and Sanabil Investments, with participation by Sequoia Capital India and existing investors
Nuwa Capital, Shorooq Partners, and 4DX Ventures co-led the round, which comprised investors from all across the world
The company is currently in the process of issuing digital assets for investment as it gears up for commercial launch in May 2022
The Gulf region’s $3bn cleaning industry is driven mostly by independent service providers
The investment will support tabby’s international expansion plans
Last year, UAE-based startups raised nearly $600m in venture funding alone
Following $122bn in debt sales in 2021, governments and companies will probably front-load much of their funding needs this year
Qatar will invest $112m in Rolls-Royce SMR, the separate unit created for the project
The Riyadh-based startup was established in March 2021 by entrepreneur Sumeet Khutale who has recently relocated from London to the kingdom
The company was founded in July 2020 and now has over 50,000 users in Dubai alone is offering a unique pay per minute payment model
The new capital will be used to fuel the growth of its digital lending operations, deepen its AI and predictive analytics capabilities and grow its global talent pool
The evolving landscape will soon change the way adopting an innovative digital business model in the real estate market is viewed
The new fund will focus on enhancing advanced technology-based innovation in the region, identifying and nurturing B2B tech startups
More than 150 new companies joined in5 since 2020, bringing the total number of startups supported by the incubator to 500
Firm expands strategy beyond accelerator and seed investments, doubles down on global thesis
The investment will support Koala Picks’ growth within the UAE
The OPEC member posted record $36bn budget deficit in 2020
Launched in 2017, Speero is a digital platform for automotive after-sales
The latest funding round has boosted the Indian online retailer’s valuation to $37.6bn
The deal marks one of the largest funding rounds for a Middle East technology company
Eyewa aims to take its e-commerce model and expand into brick-and-mortar retail operations at key locations in the region
Founded in November 2014, the company with operations in several countries including the UAE and Saudi Arabia is now valued at $2.1bn
The funding surge is happening as Bitcoin hits record highs
Oil accounts for 90 per cent of Kuwait’s revenue
Shuaa Capital led a $50m structured sukuk for Pure Harvest co-investing with Franklin Templeton and Sancta Capital
Startups receive a total of $250,000 in investments, head to demo day
The studio, which will work on a revenue sharing model, will support founders in the early stages of setting up their businesses