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Investments

Insights into fundraising strategies, investor perspectives, and financial management for startups.

Investments

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…
June 29, 20240Comments

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Investments

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…
June 29, 20240Comments

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Investments

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…
June 29, 20240Comments

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Investments News

Comfi secures $5 million debt facility to expedite BNPL plans

UAE-based fintech Comfi has secured a $5 million debt facility from an undisclosed Abu Dhabi-based private family office.  Founded in 2023 by Alisher Akbarov, Amal Abdullaev, Sanjar Samiev and Sanjar Samiev, Comfi is a B2B payments platform that empowers manufacturers and suppliers with flexible payment solutions for their buyers, while ensuring upfront payments. This debt…
June 29, 20240Comments

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Investments

Egyptian fintech Connect Money raises $8 million seed for its embedded finance platform

Egyptian fintech Connect Money has raised $8 million in a seed round led by Disruptech Ventures, Algebra Ventures, and Lorax Capital Partners, with additional participation from One Stop and MDP, it announced in a statement today. The startup was founded in 2023 by Ayman Essawy, Marwan Kenawy, and Momtaz Moussa, who previously founded Egyptian loyalty…
June 29, 20240Comments

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Investments News

Iraq’s Alsaree3 Closes 7-figure Series A round

Iraq-based food delivery app Alsaree3 has raised a seven-figure Series A funding round, from investors including Iraq Venture Partners (IVP), Euphrates Ventures, and Snoonu. Founded in 2018 by Bassam Al-Ateia, Alsaree3 offers restaurants a user-friendly platform that makes food ordering and delivery seamless and accessible.  This new funding round will enable Alsaree3 to accelerate its…
June 29, 20240Comments

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