Riyadh, Saudi Arabia – Nabt, a Saudi agritech startup transforming the Kingdom’s fresh produce supply chain, has successfully closed a SAR 5.63 million (USD 1.5 million) seed investment round in Q3 2024. The round was led by Merak Capital, a prominent technology-focused investment firm, with the backing of key angel investors. The funding will fuel […]
Dubai, UAE — Foodics, a leading cloud-based technology provider for the food and beverage industry, is thrilled to announce a strategic integration partnership with Grubtech, a prominent player in digital solutions for restaurants and cloud kitchens. This collaboration, now available on the Foodics App Marketplace, aims to revolutionize the customer experience while empowering restaurant owners […]
Morocco, October 2024 – Moroccan cross-border logistics startup Colis.ma has successfully raised $300,000 in funding from the Witamax Fund, aiming to strengthen its footprint across Morocco, Europe, and Africa. The newly acquired funds will support Colis.ma’s goal to establish operations in five key regions within Morocco and six major European markets, as well as to fuel expansion into the […]
Pakistan-based coworking platform COLABS has raised $2 million in a pre-Series A funding round led by UAE’s Shorooq Partners, with participation from Saudi Arabia’s Waad Investment. This latest investment brings COLABS’ total funding to over $5 million, with previous rounds backed by prominent investors like Indus Valley Capital, Zayn Capital, and Fatima Gobi Ventures. Founded in 2019, COLABS has […]
Riyadh, Saudi Arabia – October 23, 2024 – Mastercard has announced the launch of a world-class technology infrastructure in Saudi Arabia, designed to enhance the processing of e-commerce transactions locally. This significant development promises to deliver a seamless and secure payment experience for Mastercard partners and consumers, supporting the Kingdom’s digital commerce acceleration. Under the […]
Riyadh, Saudi Arabia – The Saudi National Bank (SNB) has reported a 3.91% year-on-year (YoY) increase in net profit, reaching SAR 15.63 billion during the first nine months of 2024, compared to SAR 15.04 billion in the same period last year, according to the bank’s interim financial statements. Earnings per share (EPS) for the nine-month […]
Riyadh, Saudi Arabia – HALA Payments, a fintech leader in SME banking, has been inducted into the prestigious Saudi Unicorns Programme. Founded in 2018 by Esam Alnahdi and Maher Loubieh, HALA is on a mission to empower micro, small, and medium enterprises (MSMEs) and freelancers, enabling them to start, manage, and grow their businesses seamlessly. […]
Riyadh, Saudi Arabia – October 2024 – The Saudi startup platform Mala has successfully raised $7 million in a pre-seed investment round led by Venture Souq, with participation from prominent investors including M Capital, BECO Capital, Access Bridge Ventures, Palm Ventures, Shorouq Partners, Wad Investment, and the DGV fund. Set to officially launch in Saudi […]
Riyadh, Saudi Arabia — The Saudi Central Bank (SAMA) has announced the release of updated regulations for debt-based crowdfunding, marking a significant step forward in the Kingdom’s efforts to enhance its financial ecosystem and foster the growth of the FinTech industry. This latest move reflects SAMA’s commitment to regulating debt-based crowdfunding platforms while continuing to […]
October 17, 2024 | Dubai, United Arab Emirates: Mastercard has partnered with noon Payments, one of the leading payment service providers in the Middle East and North Africa (MENA), to bring its innovative Payment Passkey Service to the region. The service will initially launch in the United Arab Emirates (UAE), with plans for a broader […]