Category: MENA

myfisensemyfisenseJune 16, 2021

Gloat, which has built an AI-based platform that it sells to organizations to power their internal job boards, has picked up $57 million in funding, money that it will be using both to continue both for business development, but also to continue adding more features to its own platform, for example to expand deeper into […]

myfisensemyfisenseMay 18, 2021

Egypt’s Homzmart  is announcing it has closed its $15 million Series A investment. The company was founded in 2019 by Mahmoud Ibrahim and Ibrahim Mohamed, but it didn’t launch until the first quarter of 2020. This round of financing follows a $1.3 million seed investment raised in February last year. According to the company, this brings the total amount raised to […]

myfisensemyfisenseMay 18, 2021

Bosta is one such company in Egypt helping small businesses with logistics and last-mile delivery. Today, the company is announcing it has closed a Series A investment of $6.7 million. U.S. and Middle East VC firm Silicon Badia led the round, with participation from 4DX Ventures, Plug and Play Ventures, Wealth Well VC, Khwarizmi VC, as […]

myfisensemyfisenseMay 5, 2021

Flextock, one of the 10 African startups from the recent Y Combinator winter batch, has bagged an impressive pre-seed round just two months after graduation. The five-month-old company, which helps consumers and businesses manage e-commerce and fulfillment operations  from warehousing and logistics to delivery and cash collection  has closed a $3.25 million pre-seed investment. As it stands, […]

myfisensemyfisenseMarch 19, 2021

State-owned Saudi Arabian Airlines (Saudia) has signed a financing agreement worth 11.2 billion riyal ($3 billion) to partially finance requirements for aircraft it has ordered, the state airline said in a statement. The amount covers the airline’s aircraft financing requirements until mid-2024, helping finance the purchases of 73 aircraft, previously ordered, it said in a […]

myfisensemyfisenseMarch 15, 2021

Lendo, a fintech startup based in the capital of Saudi Arabia Riyadh has raised $7.2 million in a Series A round. The round of funding which Lendo reported to be equity only was led by Derayah Ventures, a Saudi Arabia based venture capital firm. The round also saw participation from Seedra Ventures, Shorooq Partners, 500 […]

myfisensemyfisenseFebruary 25, 2021

Israeli IT management startup Atera announced a $25 million investment from U.S.-based K1 Investment Management, which only recently invested in other Israeli companies such as web accessibility startup accessiBe Ltd. This is Atera’s first time raising capital from an institutional body, having previously only raised small amounts from private backers. Part of the capital was […]

myfisensemyfisenseFebruary 23, 2021

Lucid Motors reached an agreement to become a publicly traded company through a merger with special-purpose acquisition company Churchill Capital IV Corp, in the largest deal yet between a blank-check company and electric vehicle startup. The combined company, in which Saudi Arabia’s sovereign fund will continue to be the largest shareholder, will have a transaction equity […]

myfisensemyfisenseFebruary 15, 2021

The CGIA Institute, a global body of Finance and Investment Professionals has today, February 15, 2021 announced the introduction of new scholarship schemes for its global members. For the first time in the history of the Institute, it’s introducing four different scholarship schemes available and accessible to all its members globally. According to the Institute, […]

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