Egypt-based loyalty and rewards solutions provider Dsquares has acquired a majority stake in the Egyptian B2B SaaS loyalty platform Prepit for an unknown value. Founded in 2012 by Ayman Essawy, Marwan Kenawy and Momtaz Moussa, Dsquares…

Saudi Arabia-based e-services platform Nabeeh has raised an undisclosed investment from Ibtikar Fund. Founded in Palestine in 2021 by Saber Samara and Fawaz Samara, Nabeeh is an online platform that…

Saudi Arabia-based fintech Ebana has secured $2.66 million in a pre-Series A funding round, led by Esnad Legal Consulting and Business Governance.  Founded in 2020 by Ali Alshareef, Ebana provides…

Saudi Arabia-based fintech Lendo has secured a $690 million warehouse facility led by J.P. Morgan.  Founded in 2019 by Osama Alraee and Mohamed Jawabri, Lendo is a crowdlending marketplace that…

Egypt-based CNC machine manufacturer Simplex has raised $13 million, led by Saudi Arabia's National Industrial Development Centre. Founded in 2013 by Ahmed Shaaban, Mohamed Mansour and Amr Mahmoud, Simplex offers…

Press release: Maalexi, a U.S.-headquartered dynamic risk management platform helping SME agribusinesses mitigate operational risks, announces it has secured a $3 million debt finance facility from Citi, one of the…

Saudi Arabia-based edtech UpLevel has raised an undisclosed pre-Seed funding round from a group of angel investors. Founded in 2024 by Idris Alshayea and Hamad AlLuhaidan, UpLevel helps companies improve…

UAE-based proptech Silkhaus has closed a seven-figure growth round, led by Nuwa Capital and Oraseya Capital, with participation from Impulse International, Yuj Ventures, Nordstar, and other family offices. Founded in…

Egypt-based logistics startup Fincart.io has raised a pre-Seed funding round  for an undisclosed amount, led by Plus VC and joined by Plug and Play, Orbit Startups, Jedar Capital, and other…

Despite a funding decline, the Middle East and North Africa (MENA) startup ecosystem showed resilience, with rising deal volumes and sectoral diversity, as MENA startups recorded $2.3 billion in investments in…