Essential tools for MENA CFOs to step up their game

Dubai’s Tenderd raises $30 million Series A for its heavy equipment management platform

Dubai-based heavy equipment management platform Tenderd has raised $30 million in a Series A round led by Denmark’s A.P. Moller Holding, the parent company of A.P. Moller Group, which owns the world’s largest container shipping company Maersk, and many other businesses. The round was also joined by new investors; London-based B2B SaaS VC Quadri Ventures…

Saudi’s SiFi raises $10 million seed for its spend management platform

Riyadh-headquartered fintech SiFi has raised $10 million in a seed round led by Public Investment Fund’s Sanabil Investments, and Raed Ventures, it announced in a statement today. The round was also joined by ANB seed (a seed fund by ANB Capital, the investment arm of Arab National Bank), Saudi’s Rua Ventures, Dubai-based Byld Ventures, and…

Dubai’s Elevate raises $5 million in debt and equity to offer global USD accounts to remote workers in emerging markets

Dubai-headquartered fintech Elevate has raised $5 million in equity and debt in a pre-Series A round from UAE’s Negma Group, it announced in a statement today. The breakdown of debt and equity was not disclosed by the YC-backed startup which previously raised seed funding from Y Combinator, Global Founders Capital, Venture Souq, and Visa. The…

Dubai fintech Stake raises $14 million Series A to grow its fractional real estate investment platform

Dubai-based fintech Stake has raised $14 million in a Series A round led by MEVP (Middle East Venture Partners, it announced in a statement today. The round was also joined by Aramco’s Wa’ed Ventures, Mubadala Investment Company, Al Jomaih Holding, a leading Saudi conglomerate with interests in real estate, financial services, energy, automotive, and consumer…

Tumodo joins forces with Tabby to facilitate travel management practices

UAE-based traveltech Tumodo has joined forces with Saudi Arabia’s fintech Tabby to stimulate growth in the UAE travel industry. Integration of Tumodo's services into Tabby’s travel management will enable Tabby’s HR team to easily plan and manage business trips. Founded in 2022 by Vladimir Kokorin, Tumodo is a B2B travel platform that helps companies easily…

qeen.ai closes $2.2 million pre-Seed led by Wamda Capital

UAE-based AI startup qeen.ai has secured a $2.2 million pre-Seed funding round, led by Wamda Capital, with participation from international and regional investors, including 10x Founders, Aditum and Dara Holdings, along with Jabbar Group, Phaze Ventures and Eureka 460. Founded in 2023 by Dina Alsamhan, Ahmad Khwileh and Morteza Ibrahimi, qeen.ai provides accessible and autonomous…

Egypt’s Sahl closes dual rounds at $6 million

The Cairo-based fintech Sahl has raised $6 million in Series A and seed funding rounds, led by Ayady for Investment and Development, joining existing investors Egypt Pay, Delta Electronic Systems, and E-Finance. Sahl, founded in 2020 by Ahmed Othman, Ibrahim Assal and Abullah Assal, is a bill payment platform that allows users to recharge prepaid…

UAE’s proptech Stake closes $14 million Series A

UAE-based proptech Stake has raised $14 million in a Series A funding round, led by MEVP Middle East Venture Partners (MEVP), along with Aramco's Wa'ed Ventures, Mubadala and Republic. Founded in 2021 by Rami Tabbara, Manar Mahmassani, and Ricardo Brizido, Stake is a digital real estate investment platform providing options for income-generating properties in Dubai. The…

Saudi Arabia’s Tahdir closes $270,000 pre-Seed round

Saudi Arabia-based edtech Tahdir has closed a pre-Seed funding round of $270,000 from a group of angel investors. Founded by Mohammed Al-Doukhi and Khalil Al-Haid, Tahdir’s platform offers tools to automate daily school and educational management processes, contributing to enhancing the educational experience. Tahdir claims to have serving 92 schools with more than 30,000 users.…