Riyadh, Saudi Arabia – Intelmatix, a prominent deep-tech AI company, has successfully closed a $20 million Series A funding round. The round was led by Shorooq Partners and attracted investments from notable public and private institutions, including Saudi Venture Capital Company (SVC), Saudi Technology Ventures (STV), Olayan Financing Company, Sultan Holdings, Zain Ventures, and Rua […]
Riyadh, July 29, 2024 – In a significant move to bolster the financial sector’s growth, the Saudi Credit Bureau (SIMAH) has entered into an organic agreement with BAZ INT’L INDUSTRY CO. This partnership aims to enhance the exchange of credit information across various sectors, promoting transparency and reliability in financial transactions. By facilitating better access […]
Left, Ahmed Shabrawy, CIO + Right, Karim Khorshed, CEO CEQUENS is excited to introduce CEQUENS GenAI Platform – your new partner in taking business communication and operations to the next level. Smarter Interactions, Streamlined Processes Imagine having an AI system that offers personalized support, works seamlessly across different languages, and integrates effortlessly into your existing […]
July 24, 2024 – Kemitt, Egypt’s premier e-commerce platform for furniture and home accessories, has announced its expansion into the Saudi Arabian market. This strategic move comes on the heels of a recently secured funding round, whose amount remains undisclosed, reflecting increasing investor confidence in Kemitt’s innovative business model and strong growth prospects. Since its […]
OTO, the Saudi-based shipping gateway and logistics platform, has successfully raised 30 million riyals ($8 million) in a Series A funding round. The round was led by Sanabil Investments, a wholly-owned subsidiary of the Saudi Public Investment Fund (PIF). Joining Sanabil Investments in the funding round were several other prominent investors, including Riyadh-based venture capital […]
TechMal, a specialist in residential rental financing solutions, has raised SAR 3.75 million ($1 million) in a pre-seed investment round led by Al Majdiah Investment and other investors. Founded in 2024, TechMal is a microfinance company licensed by the Saudi Central Bank. The company aims to provide innovative financing solutions for the documented residential rental […]
In a strategic move set to reshape the digital business landscape, PayTabs has announced a partnership with Digital Haze. This collaboration aims to enhance PayTabs’ reach and impact, transforming digital business ideas across the Levant region into profitable and lucrative ventures. With PayTabs’ robust payment solutions and Digital Haze’s expertise in digital innovation, the partnership […]
Wa’ed Ventures, the venture capital arm of Saudi Aramco, has announced it has led a $6.5 million investment round for the US-based artificial intelligence company aiXplain. This brings aiXplain’s total funding to $16.5 million since its inception in 2020. Founded by Hassan Sawaf, a technology veteran with over 25 years of experience at Meta, Amazon, […]
15 July, 2024, Riyadh, Saudi Arabia: 5dVR, a premier virtual reality content and production studio, has officially expanded to Saudi Arabia, partnering with AstroLabs, the Gulf’s foremost business expansion platform. This strategic move aligns with 5dVR’s mission to enable a diverse range of businesses to harness the power of augmented reality (AR), mixed reality (MR), […]
Arab Bank has introduced a state-of-the-art electronic payment service through its Point of Sale (POS) devices in collaboration with Geidea, a leading fintech and payment solutions provider. This initiative supports Egypt’s Vision 2030 for digital transformation and aligns with the Central Bank of Egypt’s vision for sustainable economic development, emphasizing financial inclusion and accessible financial […]