Debt collection in MENA is stuck in the past – a fragmented landscape of manual processes, aggressive tactics, and poor outcomes that costs lenders billions while punishing borrowers. As the region’s $500 billion consumer lending market surges and consumer protection regulations tighten, traditional collection methods cannot deliver the reliable capital flows needed to maintain harmony […]
Dubai, UAE: Yango Group, a global tech company bringing advanced technology to local communities, has launched Yango Ventures, a corporate venture fund designed to empower promising startups across LATAM, Sub-Saharan Africa, MENAP, and other high-growth regions of the company’s presence. Yango Ventures aims to foster local innovation and entrepreneurial growth by providing both capital and leveraging […]
Source: Forbes Middle East NymCard, a UAE-based embedded finance platform, has secured $33 million in its latest Series B funding round led by QED Investors, marking the firm’s first Gulf investment. The round, which brings the NymCard’s total funding to $73 million, saw participation from existing investors, including Lunate, Dubai Future District Fund, Mashreq Bank, Knollwood, Reciprocal, […]
ORO Labs, a tokenised gold protocol on Solana, has raised $1.5 million in a pre-seed funding round to transform gold into a liquid, composable, and income-generating asset. For centuries, gold has been the world’s most trusted store of value—yet it has remained underutilised in financial markets. ORO is changing this by making gold more than […]
Ibtikar Fund is pleased to announce its investment in MENA Analytics, an innovative market research and data analytics company transforming how businesses in the MENA region access and utilise market intelligence. With a strong foundation in Palestine and plans to expand across the region, MENA Analytics is leveraging AI and advanced analytics to provide SMEs […]
Saudi-based proptech startup, Ajras, has successfully raised $1.5 million in a Pre-Series A funding round led by Veda Holding. The investment will support the company’s expansion and further development of its digital financing solutions for the rental sector in the Kingdom. Driving Innovation in Rental Payments Founded in 2022 by Muath Aljubailan, Ajras specializes in […]
Riyadh, Saudi Arabia – Aya, the emerging Saudi e-commerce platform redefining modest fashion discovery, has successfully closed its Seed funding round, securing 6 million SAR. The round was led by Khwarizmi Ventures, with participation from Raed Ventures, Joa Capital, FENA Holdings, Turki Alrajhi, and a distinguished group of angel investors. Founded by Saudi entrepreneurs Munira […]
Riyadh, Saudi Arabia: Saudi Venture Capital (SVC) has announced its investment in the Artal Growth Opportunities Fund, a close-ended private equity fund regulated by the Capital Market Authority of Saudi Arabia and managed by Artal Capital. The fund aims to support high-growth companies by providing capital and leveraging Artal’s expertise in value creation. Through accelerated business […]
Al Khobar, Saudi Arabia – CQR, Saudi Arabia’s leading Operational Technology (OT) cybersecurity firm, has successfully secured a $3 million funding round led by Shorooq, one of the region’s most dynamic investment firms. This strategic investment marks a pivotal moment for CQR as it accelerates its mission to fortify the security of critical infrastructures, including oil […]
Riyadh, Saudi Arabia – Ebra, a Saudi-based FinTech company specializing in AI-powered debt collection, has successfully raised $2 million in a Seed funding round. The investment was led by Seen Holding, with participation from Raz Holding and a group of strategic investors. This funding will enable Ebra to expand its operations in the FinTech sector, […]