The Saudi Central Bank (SAMA) announced the launch of ‘Samsung Pay’ through the national payment system ‘mada’ in Saudi Arabia as part of its ongoing efforts to enhance the digital payments ecosystem in the Kingdom, aligning with the Saudi Vision 2030. This initiative aims to promote financial inclusion and expand the use of fintech solutions […]
Stake becomes the first platform to allow individuals from across the world to invest into real estate in Saudi Arabia. Riyadh, Saudi Arabia, December 9th, 2024: Stake, the leading global digital real estate investment platform in the Middle East and North Africa (MENA) region, today announced their official launch in the Kingdom of Saudi Arabia. […]
Adaverse, the leading ecosystem accelerator and seed fund, today announced its strategic investment in Grintafy, the Middle East’s premier sports tech company. This partnership marks a significant step in Grintafy’s transition from Web2 to Web3, leveraging blockchain technology to revolutionise talent discovery in football. Grintafy, established in 2019, has rapidly grown to become the go-to […]
Dubai, UAE — Falak Investment Hub has announced a strategic investment in HUMD, the Gulf region’s first AI-powered printing marketplace. This move aligns with Falak’s mission to support promising startups by offering dedicated services that foster growth, digitization, and sectoral development. Launched in 2022, Humd is revolutionizing the way startups and SMEs manage their business […]
Saudi Venture Capital (SVC) announces an investment in Aliph Fund I, a GCC-focused growth fund from Aliph Capital, a GCC-based private equity fund manager. Aliph Fund I invests in mid-market companies across Saudi Arabia and the GCC with an active ownership model focused on value creation and tech enablement. Dr. Nabeel Koshak, CEO and Board Member […]
Casablanca, Morocco — December 3, 2024 Enakl, a Morocco-based urban mobility startup, has raised $1.4 million in a pre-seed funding round led by Catalyst Fund, with participation from Renew Capital, Digital Africa, Station F, and 15 business angels. Launched in September 2023 by seasoned entrepreneurs Samir Bennani and Charles Pommarede and later joined by Ahmed […]
Jeddah, Saudi Arabia – December 2, 2024:Aanaab, the leading digital professional development platform for teachers, has successfully raised $7 million in its Series A funding round, led by Dallah Investment Holding. This milestone investment highlights Aanaab’s growing impact on the education technology sector in the Arab region. Founded in 2019 by Dr. Munira Jamjoom, Naila […]
Cairo, Egypt – November 29, 2024 The National Security Services Company (SAFE), a leading entity under Saudi Arabia’s Public Investment Fund (PIF) spearheading transformation in the security services sector, has signed a memorandum of understanding (MoU) with Egypt’s eFinance, a premier fintech firm specializing in electronic payment and collection services. The announcement was made during the […]
Riyadh, Saudi Arabia, November 27th 2024 Flat6Labs, MENA’s most active seed and early-stage venture capital firm, has made significant strides in supporting Saudi Arabia’s startup ecosystem, now reaching a total of 41 investments in the Kingdom through the Startup Seed Fund. Since its launch in 2023, Flat6Labs has arguably become the most active investor in Saudi […]
Riyadh, Saudi Arabia – Arthur D. Little (ADL) has announced the signing of a Memorandum of Understanding (MoU) with Blossom Accelerator to officially launch the second phase of the ADL Startups Mentoring Initiative. This collaboration underscores ADL’s dedication to fostering innovation and supporting the burgeoning startup ecosystem in the region. Building on the success of […]