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Tabby closes $160 million Series E, eyeing IPO

Saudi Arabia-based fintech Tabby has raised $160 million in a Series E financing round at a $3.3 billion valuation. The round was led by existing investors Blue Pool Capital and Hassana Investment Company and drew additional participation from STV and Wellington Management. Founded in 2019 in the UAE by Hosam Arab, Tabby is a buy…
February 14, 20250Comments

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Saudi fintech RasMal closes $4.8 million pre-Series A

Saudi Arabia-based fintech RasMal has closed a $4.8 million pre-Series A investment round led by Syndicate Element Holding Group (SHG). Founded in 2019 by Basil Alkuraya and Nasser Al-Tamimi, RasMal provides digital solutions to help private companies automate cap table management, fundraising, and equity transfers, while also supporting investors and private funds in managing investment…
February 14, 20250Comments

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PIESHIP raises $2.1 million seed led by Nama Ventures

Saudi Arabia-based logistics startup PIESHIP has closed its seed funding round of $2.1 million, led by Nama Ventures, with participation from SEEDRA Ventures and angel investors. Founded in 2023 by Nasser Alharthi, Musaed Al-Amri, and Mohammed Mohsen, PIESHIP provides its clients with warehouse management solutions, using an app for delivering shipments, and technical solutions for…
February 13, 20250Comments

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Buildnow secures $9.7 million investment led by STV

Saudi Arabia-based contech Buildnow has closed a $9.7 million funding round, led by STV and Arbah Capital, with additional funding from a mix of debt financing, reinforcing the company’s expansion plans in the market. Founded in 2022 by Hisham Al Saleh, Rahat Dewan, and Abdulla Sheikh, Buildnow is a build-now-pay-later platform that supplies materials on…
February 13, 20250Comments

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LAHINT announces closing $1 million pre-seed during LEAP 2025

Saudi Arabia-based LAHINT e-services platform has closed a $1 million pre-seed funding round from undisclosed investors. Founded in 2023 by Ahmed Saber and Mohamed Ibrahim, LAHINT automates governmental services for individuals and businesses. LAHINT plans to utilise the funding to expand its governmental services through its platform. Also aims to feature AI-powered eligibility consultations for…
February 11, 20250Comments

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Salesforce pledges $500 million investments in Saudi Arabia

US-based AI and SaaS provider Salesforce has announced plans to invest $500 million in the Kingdom of Saudi Arabia, building on its commitment to innovation and economic growth in the region. The investment also aims to spur workforce development through AI skilling and expand Salesforce's local partner ecosystem to support local businesses. Investment will support enterprises…
February 11, 20250Comments

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With $6.75 million pre-Series B funding round, Taager sets sights on MENA growth

Egypt-born and Saudi Arabia-HQ social e-commerce platform Taager has completed a $6.75 million pre-Series B funding round, led by Africa-focused tech growth fund Norrsken22. Founded in 2019 by Abdelrahman Sherief, Ahmed Ismail, Ismail Omar and Mohammed Elhorishy, Taager’s platform enables anyone to start and scale their own social e-commerce business by providing products, storage, shipping, and…
February 11, 20250Comments

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Penny Software partners with NHC to revolutionise housing procurement

Press release: Penny Software, the digital procurement software, has signed a partnership with the National Housing Company (NHC) to develop SupplyPro, an innovative procurement platform tailored for the NHC housing sector. This collaboration marks a milestone in digitalising and streamlining procurement processes within Saudi Arabia's rapidly evolving housing industry. SupplyPro will serve as a centralised…
February 11, 20250Comments

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