Pakistan-based fintech PostEx has raised a $7.3 million pre-Series A funding round, led by Conjunction Capital, along with Dash Ventures, Sanabil500, VSQ, FJ Labs, and Zayn VC. Founded in 2020 by Muhammad Omer Khan, PostEx provides upfront payments to e-commerce businesses along with the provision of a reliable delivery network. Prior to its pre-Series A,…

UAE-based real estate developer Meteora Developers has acquired the Emirati property crowdfunding platform Maisour in a multimillion-dollar deal. Founded in 2022 by Praveen Sharma, Meteora Developers is a real estate developer with a diverse portfolio of projects across the UAE. Meanwhile, Maisour, founded in 2021 by Ahmed Nour, Haytham Assaal and Sari Safi, is a…

Kuwait-based fintech Kem has raised a $3 million investment from Tether, bringing the total investment Kem raised to date to $4.5 million. Founded in 2021 by Seth Sadeq, Zane Chichua and George Chichua, Kem is a P2P instant payment platform that allows users to send one another money using a QR code and forgoes the…

UAE-based fintech Yuze has raised $30 million in investment led by Osten Investments.  Founded in 2022 by Rabih Sfeir, Yuze provides a business account for startups, micro and small businesses in emerging markets to support financial inclusion. The new funding is set to fuel Yuze’s expansion into new markets, with a goal of reaching one…

Remote work changed the way startups work forever. This new way of working opened countless doors and possibilities for companies that weren’t even achievable before. Since the pandemic, thousands of companies decided to just continue working remotely, but that wasn’t the case for Mohamed Elbadwihi and Tarek Khalil when they co-founded Rasayel. Their reasons for…

UAE-based foodtech MealPlanet has secured $6 million in a Seed round, led by regional Middle East Venture Partners (MEVP), AlTouq Group, Sanabil 500, Faith Capital, and Alturki Ventures, as well as renowned entrepreneurs Marc Lore and Samih Toukan. Founded in 2024 by Khalid Baareh, Mealplanet is a meal plan delivery app connecting consumers to a…

The investment vlaue in the startup landscape in the Middle East and North Africa (MENA) rebounded in July 2024, recording $355 million raised by 38 startups—a 206% rise month on month (MoM) and a more than 260% increase year on year (YoY). In the face of a worldwide economic downturn and an imminent full-scale conflict…

Saudi Arabia-based healthtech Athir has raised its first investment funding round at an undisclosed amount, backed by Wa’ed Ventures, SHARE Investment Co., and RZM Investment. Founded in 2017 by Jawad Chaudhry, Ahmad AlJehani and Abdoulmohsen Alyoubi, Athir’s system offers healthcare management, revenue management, and medical insurance systems, along with smart device applications that provide integrated…

UAE-based SANDBOX, the accelerator programme backed by Oraseya Capital, has celebrated the graduation of seven startups as part of its fourth cohort. SANDBOX is a five-month accelerator programme, where participating startups benefitted from more than 50 hours of workshops that include access to an integrated package of financial analytics, marketing strategies and legal compliance programmes.…

Egypt-based AI startup Synapse Analytics has raised $2 million in investment led by Silicon Badia. Synapse Analytics, part of Hub71 and founded in 2018 by Ahmed Abaza and Galal El Beshbishy, is empowering businesses to leverage AI for better decision-making. This investment will enable Synapse Analytics to expand its AI technologies across the GCC and…