Riyadh, Saudi Arabia – AILA, a cutting-edge Saudi education technology company, has successfully closed a $1.15 million pre-seed investment round led by Sabah Hub, with additional backing from White Hill Capital and three prominent Saudi angel investors. Founded in 2023 by Yousef Al Sayed, Abdulaziz Bin Muqil, and Nouf Bin Muqil, AILA is on a […]
Riyadh, Saudi Arabia – Yamm, a pioneering startup specializing in automated return and refund solutions, has successfully closed its Pre-Seed funding round with undisclosed amount. The round was led by Flat6Labs with participation from Judah Ventures and a consortium of strategic angel investors. Founded by Sultan Al-Subhi, Mohammed Al-Shalati, and Hamadah Al-Khaldi, Yamm offers an […]
Riyadh, Saudi Arabia – October 9, 2024: Ejari, a pioneering fintech platform in Saudi Arabia’s real estate sector, has announced the successful closing of a $14.65 million (SAR 55 million) seed financing round. The round was led by Partners for Growth (PFG) and BECO Capital, with notable participation from anb seed, Alinma Pay (the investment […]
Riyadh, Saudi Arabia – October 2024 – Nana, a leading provider of digital shopping solutions in the Kingdom of Saudi Arabia, has announced the acquisition of the “Rasseed” application, a platform specializing in simplifying the purchase of branded and local gift cards. This strategic acquisition marks a significant step forward in Nana’s expansion plan, aligning […]
Silicon Valley, San Francisco – Core Vision Investment has announced the successful closing of a $1.5 million investment round with Krti, marking a significant milestone in the growth of the fintech ecosystem. The funding round, led by Core Vision Investment, is part of the Financial Technology Investment Program organized by The Financial Academy. This investment […]
Jeel, a leading Saudi fintech company supported by Riyad Bank, is thrilled to announce the appointment of George Harrak as its new Chief Executive Officer. A renowned transformational leader, George brings over 20 years of experience in driving business strategy, innovation, and operational transformation across the global banking and ICT sectors. In his distinguished career, […]
The Middle East banking landscape has undergone profound transformation over the last decade – from the rise of FinTech and crypto assets to the emergence of programmable Web3 and, more recently, the surge of artificial intelligence (AI). With AI alone projected to contribute up to US$320 billion in economic value to the Middle East by […]
Saudi Arabia’s leading adtech platform, Quantum, continues its growth trajectory with new funding, bolstered by global and regional investors. Riyadh, Saudi Arabia, – Quantum, the Kingdom’s premier adtech and data platform connecting advertisers with publishers, has announced the successful closure of its $7 million Pre-Series-A funding round. The round includes a landmark investment from HearstLab, […]
Bahrain, October 2024 – ATME, a regulated digital assets exchange, has officially launched during FinTech Forward 2024, an event hosted by the Bahrain Economic Development Board (EDB). Licensed by the Central Bank of Bahrain (CBB), ATME aims to democratize access to previously illiquid assets through fractional ownership, marking a new chapter in Bahrain’s fintech and […]
Riyadh, Saudi Arabia – Jeel, the digital innovation arm of Riyad Bank, has announced a landmark collaboration with Eastnets, a global leader in anti-financial crime solutions. The two organizations have signed a Memorandum of Understanding (MoU) aimed at enhancing Jeel’s cloud platform with Eastnets’ advanced financial crime protection capabilities, marking a pivotal step in securing […]