MENA | FI SENSE

January 11, 2021

CGIA Institute, the global body of Finance and Investment professionals has today, announced the launching of the Global Finance and Investment Week earmarked to be celebrated globally in March 2021. To be marked and celebrated for the first time, the Global FI Week will be held from March 22 – 27, 2021 globally across the […]

December 24, 2020

Saudi Arabia-based mobility solutions platform Morni, has raised SAR34.3 million ($9.1 million) in a Series B funding round, led by GSquare Investments, with the participation from Al Turairi and others. Launched in 2016, Morni provides towing and roadside assistance, both on-demand and subscription-based solutions through web and mobile apps to individuals and corporates. It enables […]

December 4, 2020

OTV, an Israeli venture capital firm that focuses on digital health tech, announced it has closed a new fund totaling $170 million. The firm also launched a new office in Shanghai, China to spearhead its growth in the Asia Pacific region. OTV currently has a total of 11 companies in its portfolio. This year, it led […]

December 3, 2020

A Gold investor, Messrs La Mancha Incorporated, expresses interest in Nigeria’s Gold industry and signed an Expression of Interest Agreement with the Federal Government through the Ministry of Mines and Steel Development. This was contained in a statement signed by Director, Press Department, Itore Thomas, where it disclosed that the firm is a leading Luxembourg […]

November 24, 2020

Saudi mobile wallet Stc Pay which is a subsidiary of Suadi Telecom (Stc) has raised $200 million from Western Union at a valuation of $1.33 billion (SAR 5 billion. The international money transfer giant has acquired a 15 percent stake in Stc Pay as a result of the deal. The valuation, Stc, said makes Stc […]

November 23, 2020

Egypt-based Cloud-based e-commerce enablement platform ExpandCart has raised US$2.5 million in a Series A round of funding . The round of financing was led by Egyptian VC Sawari Ventures with participation from Agility Ventures (the corporate VC arm of logistics firm Agility), and Graphene Ventures some angel investors. Launched in 2013 by Amr Shawqy and Sameh Nabil, the startup enables […]

November 11, 2020

Egypt-based Cairo Angels, an angel investment network that funds Egyptians startups has announced the launch of a US$3 million (EGP47.07 million) micro venture capital (VC) fund that will finance early stage startups in the Middle East and Africa. The fund which is named Cairo Syndicate Fund will primary support both local and regional startups particularly in Egypt, Saudi Arabia, and the UAE at […]

November 4, 2020

Egypt-based delivery startup ILLA has announced it secured US$500,000 in a seed financing round. The fund were from Averroes Venture Capital, AUC Angels, and some angel investors. The round also includes follow-on funding from Flat6Labs Cairo. Illa was part of Flat6Labs Cairo’s Spring 2019 cycle. ILLA was launched in 2019 through the Flat6Labs Cairo accelerator. […]

November 4, 2020

Cartlow, an U.A.E and Saudi Arabia platform the deals in refurbished goods at a bargained price has announced it has successfully raised US$2 million in a Pre-Series A round of financing. The round of funding was patronized by Arzan VC, Vision Ventures, OTF Jasoor Ventures, and several other investors. Founded by Mohammed Sleiman and launched in […]

November 2, 2020

Egypt-based smart metre and internet of things (IoT) startup Amjaad Technology, has secured an undisclosed six figure investment from a Dhaman company a Bahrain-based firm. The investment came as part of its pre-Series A round of funding Founded in September by Hussein Darwish, Amjaad uses metering technology to help service providers of electricity at various utilities manage their energy consumption. “The market […]

Category: MENA

CGIA Institute announces Global Finance & Investment Week 2021

Saudi’s Morni raises $9.1M in Series B

HealthTech OTV closes US$170M fund

Gold investor Messrs La Mancha invests US$10b in Nigeria’s Gold Industry

Stc Pay raises US$200m from Western Union

ExpandCart raises US$2.5 million Series A

Cairo Angels launches US$3M Syndicate Fund for early stage startups in MEA

ILLA raises US$500,000 seed to offer delivery solutions in Egypt

Cartlow raises US$2m to accelerate sales of refurbished products

Amjaad Technology raises fund for its pre-Series A round

Mytheresa jumps 37% in stock market debut

TripActions raises US$155M at a valuation of $5B

Liberty Media-backed SPAC prices IPO at $10 apiece to raise $500 million

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