Saudi fintech startup Spare has raised $5 million in pre-Series A funding led by anb Seed Fund, the venture arm of anb capital, with participation from 500 MENA, Vision Ventures, SEEDRA Ventures, Middle East Venture Partners (MEVP), Boubyan Ventures and other investors. The company will use the new capital to strengthen its integrations with banks […]
HALA, Saudi Arabia’s leading fintech and provider of embedded financial services to micro, small and medium enterprises, has raised $157 million in a Series B investment round — officially one of the largest fintech Series B funding rounds in the Middle East. The funding round is led by The Rise Fund, TPG’s multi-sector global impact […]
Riyadh: Saudi Arabia-based fintech unicorn Tamara is set to secure at least $1.4 billion in financing from a consortium of global financial institutions, including Goldman Sachs Group Inc., Citigroup Inc., and Apollo Global Management Inc. The deal, which refinances and expands a previous debt facility arranged by Goldman Sachs, ranks among the largest asset-backed financing […]
Riyadh, Saudi Arabia — Fitting, a Saudi Arabia-based construction technology (contech) startup, has raised $500,000 in a pre-seed funding round led by a strategic angel investor. Founded in 2024 by Ahmed Rian and Abdulaziz Almubayad, Fitting aims to streamline the procurement of building materials by connecting wholesale suppliers, retailers, and real estate developers through its […]
The round was led by Prosus Ventures, includes VentureSouq, Dash Ventures, Taz Investments and Sanabil 500 Riyadh, Saudi Arabia, 8th September 2025 – Orbii, the embedded credit infrastructure platform enabling financial institutions and B2B platforms to launch SME lending products, has raised $3.6 million in seed funding, led by Prosus, with participation from VentureSouq, DASH […]
The Fund will back category-defining technology companies at the growth and pre-IPO stages. anb capital and Lexham Partners have announced that they are launching a $200 million Growth Fund dedicated exclusively to the MENA region, with a strategic focus on the Kingdom of Saudi Arabia. The Fund will back category-defining technology companies at the growth […]
Funding will accelerate its mission to build AI models and tools tailored to Arabic dialects, deepen its enterprise capabilities and accelerate MENA expansion September 2nd, 2025 – Intella, the market leader in dialectal Arabic speech intelligence, today announced it has closed $12.5 million in an oversubscribed Series A round led by Prosus, with participation from […]
HP partners with Exel by Merak to drive talent development, industry collaboration, and innovation in Saudi Arabia’s gaming sector. This partnership integrates HP’s courses and learning programs into the Exel Gaming Accelerator to equip founders and developers with skills in game design, coding, and AI-powered game development. The National Development Fund oversees the support of […]
Sheba Joy, a Riyadh-headquartered mobile gaming studio, has raised $293,000 (SAR 1.1 million) in a pre-seed round led by Merak Capital, a Saudi venture capital firm. Founded in 2021 in Dubai Silicon Oasis, Sheba Joy has since relocated its headquarters to Riyadh in alignment with Saudi Arabia’s Vision 2030 to become a global gaming hub. […]
Riyadh – Zetta, a Saudi Arabia-based Device-as-a-Service (DaaS) company, has announced the successful closing of a $12 million investment round led by Core Vision Investment and Ab’ad Al-Watan Investment. Founded in 2023 by Faisal Al Abdulsalam, Tabreez Mohiuddin, Waleed Altheeb, and Saeeduddin Shah, Zetta offers businesses access to devices through a subscription model with flexible […]