UAE's NowMoney closes $4 million equity round News   Edit UAE-based fintech NOW Money has closed a $4 million equity round. The investment completes the second round of funding for the Company since its acquisition led by Mark Nutter and Nicolas Andine in 2023.   Founded in 2015 by Ian Dillon and Katharine…

UAE-based event management company Polynome Group has announced a $100 million fund to invest in AI startups. The fund will invest in startups in the fields of technology, AI software applications, and robotics, in line with mutual goals to expand the adoption of AI and digital technologies beginning in the first quarter of 2025. The…

UAE-based hospitality platform Qstay has raised $4.6 million in a pre-Series A funding round, through a combination of conventional and convertible debt. Founded in 2020 by Artur Khayrullin, Ekaterina Rogozhina, Alec Fesenko and Natalya Fesenko, Qstay operates as a virtual hotel brand with 200 units. It also provides digital app-based access to nearby pools, beaches,…

Qstay’s hospitality and rental property management platform leverages AI to reduce operating costs by up to 50 percent. Dubai-based property tech startup Qstay has secured $4.6 million…

Founded in 2020 by Helen Chen, the startup provides a customised experience, from financing to accessing off-market listings. UAE based proptech startup Nomad Homes wants to change…

The latest round of investment will fuel Sahl’s expansion into Saudi Arabia, following a successful launch in the UAE. Cairo-based fintech startup Sahl has raised $6 million…

Iraq-based e-commerce platform Orisdi has raised a six-figure bridge round of investment, backed by existing investors, including Al Sharqiya TV Group, Iraq Venture Partners (IVP), Amar Shubar, Nour Sabri, Mazin Yaseen, Mohammed Faraj, Rayya Al Zubaydi, Naveed Pasha, and Ahmed Al Kiremli, among other angel investors. Founded in 2019 by Ahmed Al Kiremli and Hala…

Egypt-based podcast production company “The Potcast Productions Company” (TPP) has closed a pre-Seed funding round with strategic investments from Innovative Media Productions (IMP), the media powerhouse behind Egypt’s Shark Tank Show, and investor Ahmed Tarek Khalil.  Founded in 2020 by Islam Adel, Potcast creates 15 diverse programmes tailored to various target demographics. It claims to…

Tenderd leverages AI to convert data into actionable insights in construction, manufacturing, and logistics sectors. UAE-based construction tech startup Tenderd has raised $30 million in a Series…

The new brokerage will allow Mal Bazaar to further expand its offerings in Egypt, the Middle East and Africa. Egyptian insurtech startup Mal Bazaar has acquired a…