UAE-based online classifieds platform Dubizzle Group has acquired the Egyptian online car marketplace, Hatla2ee, in an undisclosed deal value. With this acquisition, Dubizzle Group integrates its advanced technology and resources into Hatla2ee’s already trusted platform. Established in 2016 by Samy Swellam, Hatla2ee is an online platform where users can buy and sell new and used […]
Cairo, Egypt – February 12, 2025: Egyptian SaaS solutions provider Qme has successfully raised $3 million in a Seed funding round led by AHOY, alongside strategic investors from the Gulf Cooperation Council (GCC). The investment will fuel Qme’s expansion into Gulf and African markets, with long-term ambitions for global growth. The announcement coincided with the […]
[Cairo, February 9th, 2025] – Balad, a leading fintech company specializing in cross-border payments, proudly announces that it is the first Egyptian remittance aggregator to go live in Egypt. This milestone marks a significant expansion of Balad’s capabilities, enabling seamless, efficient, and compliant money transfers for international remittance service providers and financial institutions looking to serve […]
Egypt – Fawry for Banking Technology and Electronic Payment will launch the money transfer service soon via ‘myfawry’ app after obtaining the approval of the Central Bank of Egypt (CBE), CEO Ashraf Sabry told Ashraq Business. The EGX-listed firm intends to forge partnerships with key companies to expand business in the Saudi and Emirati markets, the […]
Riyadh, Saudi Arabia – February 2025 – AutoSoft Dynamics, a subsidiary of Constellation Software Inc. (CSI), has taken a significant step toward expanding its presence in Saudi Arabia by signing a teaming agreement with Azeemi Technologies. The agreement, formalized on the first day of the LEAP 2025 technology conference, aims to introduce cutting-edge banking solutions to the region, reinforcing […]
Taager, an Egypt-founded social e-commerce platform, has secured $6.75 million in a pre-Series B funding round led by Norrsken22, a tech growth fund focused on Africa. The investment underscores growing investor interest in the burgeoning social commerce sector within the Middle East and North Africa (MENA) region. Existing investors, including BECO Capital, 4DX Ventures, RAED Ventures, […]
Lagos, Nigeria: Raenest, the global multi-currency accounts platform for individuals and businesses across Africa, today announced the completion of its $11M Series A funding. The round was led by QED Investors, with participation from Norrsken22, alongside follow-on investment from Ventures Platform, P1 Ventures, and Seedstars. This equity-based capital injection brings Raenest’s total venture funding to $14.3M. With this new funding, Raenest […]
Cairo, Egypt – Beltone Venture Capital has announced its latest strategic equity investment in LNKO, a pioneering omni-channel direct-to-consumer (D2C) eyewear startup. This investment is part of Beltone Venture Capital’s ongoing expansion strategy across Africa, aimed at supporting transformative businesses with high-growth potential. Since its inception four years ago, LNKO has rapidly emerged as a leader […]
Cairo, Egypt – Giza Systems, a leading digital transformation enabler in the MENA region, has signed a Memorandum of Understanding (MoU) with Egypt Ventures, a government-backed venture capital firm. This strategic collaboration is set to foster innovation in the healthcare and fintech sectors by connecting Egyptian startups with Giza Systems’ vast expertise in digital transformation […]
February 4, 2025 – Khazna, a leading financial Super App that offers easy-to-use, technology-driven financial services to underserved segments, announces closing a $16 million pre-Series B funding round. The round saw participation from new and existing investors including SANAD Fund for MSME, anb Seed Fund (managed by anb Capital), Aljazira Capital (the investment arm of […]