Egypt-based fintech Raseedi has acquired Kashat, which in its role owns Pharos Microfinance S.A.E., a subsidiary of Kashat, in an equity deal to broaden its product offerings and introduce instant…

Global Web3 early-stage venture asset manager Sigma Capital has launched the $100 million Sigma Capital Fund I dedicated to accelerating the next wave of Web3 innovation in the Middle East…

UAE-based contech Opteam has raised an undisclosed pre-Seed round, led by Plus VC, with participation from Dar Ventures, SIAC Ventures and Oraseya Capital. Founded in 2020 by Tarek Hegazy and…

UAE-based AI solutions provider Teammates.ai has raised an undisclosed funding round from Hustle Fund, Access Bridge Ventures, Oraseya Capital, Beyond Capital, and other angel investors.  Founded in 2023 as Uktob.ai…

Daily News Egypt Nawy, Egypt’s leading proptech platform transforming real estate buying, selling, and investment, has announced its acquisition of ROA, a company renowned for its innovative property management solutions.…

Press release: Startup Grind Qatar, the local chapter of the global startup community, held its Tech Startup Community Awards Programme, designed to honour the remarkable achievements of individuals and startups,…

Saudi Arabia-based AI-powered networking platform Halo AI closed a $6 million Seed funding round, led by Raed Ventures and Shorooq, along with other investors. Founded in 2024 by Vito Strokov,…

An article by Karim Khorshed, co-founder and CEO of CEQUENS In recent years, the world has realised the importance of small and medium enterprises (SMEs), which now represent 90% of all…

UAE-HQ AI startup MilkStraw AI has raised $600,000 in pre-seed funding, led by Flat6Labs, with participation from Angel Spark, Beyond Capital, and other angel investors.  MilkStraw, founded in the US…

Saudi Arabia-based aftersale services provider Zension Technologies has closed a Series A funding round at $30 million, led by Saudi Aramco’s venture capital arm Wa’ed Ventures, with Japanese giant Sumitomo…