Startups News

UmrahCash Secures $500,000 Investment from Adaverse

UmrahCash Secures $500,000 Investment from Adaverse

As technology continues to evolve, Saudi Arabia is, without a doubt, taking bold steps to modernize religious pilgrimages. In fact, Riyadh-based fintech startup UmrahCash has just secured a $500,000 investment from Adaverse, which marks a significant step in enhancing...

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Hub71 Welcomes 15th Cohort: 21 Startups Raising $134.9 Million

Hub71 Welcomes 15th Cohort: 21 Startups Raising $134.9 Million

Hub71, Abu Dhabi’s premier global tech ecosystem, has proudly welcomed 21 new startups into its 15th cohort. Consequently, this expansion brings the total number of supported ventures to an impressive 243. Collectively, these startups have raised a remarkable $134.9...

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Paymob Secures $22 Million Series B to Accelerate MENA growth

Paymob Secures $22 Million Series B to Accelerate MENA growth

Egypt-based Paymob has recently raised a $22 million Series B extension round. Consequently, this increase brings the company’s total Series B funding to an impressive $72 million. With this new capital, Paymob is set to significantly boost its growth and expand...

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Investment Analysis

Cairo-Based Fintech Lucky One Secures $3 Million  Funding

Cairo-Based Fintech Lucky One Secures $3 Million Funding

New Funding Round Details Cairo-based fintech startup Lucky One has raised $3 million in a new funding round. On Tuesday, the company announced that it secured this financing through a convertible note. Existing investors, including Lorax Capital Partners, KEM, and...

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Verbatica, UAE Startup, Raises $700,000 from Angel Investors

Verbatica, UAE Startup, Raises $700,000 from Angel Investors

In a significant boost for entrepreneurship, UAE-based startup Verbatica has raised $700,000 in angel investments. This funding will enhance its educational platform for teaching English and Arabic. Verbatica plans to make a big impact in the Middle East and North...

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Market Trends

Falcon Gate Ventures: A $100 Million Fund to Propel Web3

Falcon Gate Ventures: A $100 Million Fund to Propel Web3

Singapore-based Gate Ventures, the venture capital arm of Gate.io, and the Blockchain Centre in Abu Dhabi have launched Falcon Gate Ventures, a $100 million fund aimed at accelerating Web3 innovation. This collaboration is set to transform decentralized infrastructure...

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Startup Funding in MENA Region: A Record-Breaking July 2024

Startup Funding in MENA Region: A Record-Breaking July 2024

Startup funding in the Middle East and North Africa (MENA) region witnessed a remarkable surge in July 2024. Notably, investments soared to USD 355 million, reflecting a dramatic 206% increase from the previous month and a 260% rise compared to July 2023....

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Actionable Tips & Advice

What is Venture Capital (VC) and How Does it Work?

What is Venture Capital (VC) and How Does it Work?

Venture capital (VC) is a type of private equity financing provided by investors to early-stage companies with strong growth potential. Unlike traditional loans, (VC) is typically invested in exchange for equity in the company. As a result, it is a high-risk,...

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Bazzar Gate Raises $1M to Expand Its E-Commerce Platform

Bazzar Gate Raises $1M to Expand Its E-Commerce Platform

Kuwait-based startup Bazzar Gate raised $1 million from undisclosed investors to grow its innovative dropshipping platform, Partners. Founded by Mohammad AlMutawa in 2020, Bazzar Gate offers a simplified e-commerce solution. The funding will drive the platform’s...

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