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Saudi Arabia fintech firm Tweeq secures license to offer e-wallet services

The Saudi Central Bank (SAMA) said Tuesday that it has issued an electronic money institution (EMI) license to Tweeq International Financial Company to provide...

Egyptian startup Grinta raises $8 million in seed funding to strengthen technology platform

Egyptian startup Grinta said Monday that it raised $8 million in seed funding led by Raed Ventures and Nclude as the company seeks to...

Egypt’s Telda raises $20 million in seed round led by Global Founders Capital

Telda, an Egyptian consumer money app, raised $20 million in a seed funding round led by Global Founders Capital (GFC) with participation from Sequoia...

Healthtech startup Vezeeta secures funds to fuel growth, bringing total funding close to $90...

Egyptian health-tech startup Vezeeta said Wednesday that it has raised new funding to fuel its growth plans and fund imminent merger and acquisition deals...

Saudi-based logistics startup TruKKer raises $100 million in latest funding round

Saudi-based digital freight network Trukker raised $100 million in a Series C fundraising round led by Bahraini asset management firm Investcorp in what is...

Egypt’s Convertedin raises $3 million in seed round, plans expansion

Convertedin, an Egyptian startup that operates a marketing system for e-commerce brands, raised $3 million in a seed round led by Saudi-based Merak Capital...

Furniture marketplace startup Homzmart raises $23 million to support regional expansion

Egyptian furniture and e-commerce marketplace Homzmart said Monday that it raised $23 million in a Pre-Series B funding round to support the startup’s regional...

Egyptian fintech MNT-Halan acquires e-commerce platform Talabeyah

Egyptian fintech startup MNT-Halan acquired business-to-business (B2B) e-commerce platform Talabeyah for an undisclosed amount as part of the company’s broader strategy to expand its...