Saudi foodtech Calo raises $39 million Series B extension for AI push, global expansion

Saudi foodtech Calo raises $39 million Series B extension for AI push, global expansion

Riyadh-headquartered meal subscription startup Calo has raised $39 million in a Series B extension round led by AlJazira Capital, bringing its total Series B raise to $64 million, the company announced today. The extension follows the initial $25 million Series B tranche raised in December 2024, which was led by Nuwa Capital, and valued the company at […]

stc Bahrain becomes first telecom to launch Samsung Pay, pioneering digital payments

stc Bahrain becomes first telecom to launch Samsung Pay, pioneering digital payments

This service, which is available now on My stc BH App, enables users to complete transactions for bills, add-ons, and digital gift cards with ease, reflecting stc Bahrain’s commitment to introducing innovative solutions that align with modern digital lifestyles. Manama, Bahrain: stc Bahrain, a digital enabler, has announced a significant milestone in its commitment to digital […]

Lean Technologies Secures In-Principle Approval from CBUAE Under Open Finance Framework

Lean Technologies Secures In-Principle Approval from CBUAE Under Open Finance Framework

Among the first to receive the UAE Central Bank’s Open Finance IPA Lean is helping shape a new era of connected financial services, enabling faster payments, broader access to credit, and greater inclusion across the UAE Over $2B processed to date through 1M+ connected accounts Dubai, UAE – Lean Technologies (Lean), the MENA region’s leading financial […]

Saudi’s Sawt Raises $1M pre-seed to automate call centers with Arabic AI agents

Saudi’s Sawt Raises $1M pre-seed to automate call centers with Arabic AI agents

Riyadh-based AI startup Sawt has raised $1 million in a pre-seed funding round led by T2 and STV, the company announced today. It marks the first investment from STV’s newly launched AI fund, which is backed by Google. Founded earlier this year by Abdulmalik Al-Saeed, who was previously the Editor-in-Chief of leading Saudi podcasting platform […]

OmniOps launches Bunyan, Saudi Arabia's first Inference as a Service Platform

OmniOps launches Bunyan, Saudi Arabia’s first Inference as a Service Platform

Riyadh, Saudi Arabia — OmniOps, Saudi Arabia’s leading AI Infrastructure Technology provider, today announced the official launch of Bunyan بنيان, the Kingdom’s first sovereign Inference as a Service platform, following a strategic meeting with H.E. Eng. Abdullah Amer Alswaha, Minister of Communications & Information Technology. This groundbreaking platform delivers cutting-edge AI capabilities with full support for text, […]

Alkhabeer Capital partners with Fasanara Capital to Unlock Fintech Private Credit Opportunities in Saudi Arabia

Alkhabeer Capital partners with Fasanara Capital to Unlock Fintech Private Credit Opportunities in Saudi Arabia

The signing of the MoU marks a key milestone in our joint mission to unlock fintech private credit opportunities in Saudi Arabia. Riyadh – Alkhabeer Capital has signed a strategic partnership agreement with Fasanara Capital, a $5 billion global asset manager specializing in technology-enabled credit solutions, according to a press release. The signing of the memorandum […]

Visa launches new edition of She’s Next Program in Saudi Arabia to Empower Women Entrepreneurs

Visa launches new edition of She’s Next Program in Saudi Arabia to Empower Women Entrepreneurs

Till July 21, 2025: Applications are open for the chance to secure funding, mentorship, and national exposure. Three winners will be awarded a share of USD 60,000 in equity-free grants Haya Sawan, one of Saudi Arabia’s leading fitness experts and a prominent wellness entrepreneur, joins as the program’s mentor Riyadh, Saudi Arabia: Visa (NYSE: V), a […]

Saudi’s Wittify.ai secures $1.5 million pre‑seed to upscale Arabic conversational AI

Saudi’s Wittify.ai secures $1.5 million pre‑seed to upscale Arabic conversational AI

Saudi Arabia-based conversational AI startup Wittify.ai has raised $1.5 million in a pre-seed round from a syndicate of prominent Saudi angel investors. Founded in 2025 by Nader El-Batrawi and Sarah AlHumoud, Wittify.ai enables businesses to deploy AI-powered voice, chat, and omnichannel assistants that support more than 25 Arabic dialects. Its no-code platform integrates with websites, social […]

Pakistani startup Bookme eyes $20mln annual revenue from Saudi expansion

Pakistani startup Bookme eyes $20mln annual revenue from Saudi expansion

Bookme is a Pakistani e-ticketing platform that offers online tickets for movies, events, flights and hotels Bookme founder eyes expansion further into Middle East, African countries after gaining foothold in Kingdom ISLAMABAD: The founder of Pakistani e-ticketing platform Bookme said this week the company expects to generate $20 million annually from its expansion into Saudi […]