Egypt’s Taager raises $6.75 mn in pre-Series B funding to Fuel Social Commerce Expansion in MENA

Egypt’s Taager raises $6.75 mn in pre-Series B funding to Fuel Social Commerce Expansion in MENA

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, […]

Egyptian deep-tech startup ReNile Secures Eight-Figure Funding Led by Keheilan

Egyptian deep-tech startup ReNile Secures Eight-Figure Funding Led by Keheilan

Cairo, Egypt – Egyptian deep-tech startup ReNile has announced the successful closure of its first investment round, raising an eight-figure amount in local currency. The funding round was led by Keheilan Fund, a prominent investment entity specializing in deep-tech ventures, under the leadership of Dr. Ahmed Abdel Hamid. Known for championing advanced technology in the […]

Egypt-based ariika Secures $3 Million in Series A Extension to Fuel Regional Expansion – Fintech News Egypt

ariika, the digital-first home furnishings disruptor, has raised USD 3 million in a Series A extension round, marking a significant milestone in its growth journey. The round was led by Beltone Venture Capital and UAE-based Citadel International Holdings, reinforcing investor confidence in ariika’s modern, accessible design offerings and its seamless online and offline customer experiences. […]

Egypt-based Qara Secures $2.6M Funding to Expand into Saudi Arabia – Fintech News Egypt

Riyadh, Saudi Arabia – Qara, a MEA-based supply chain tech startup, has announced the successful completion of its $2.6 million funding round, led by strategic investors. This funding will fuel Qara’s expansion into the Kingdom of Saudi Arabia (KSA), facilitated by the National Technology Development Program’s (NTDP) Relocate Initiative. The program offers a comprehensive suite […]

Egypt-based Amenli Secures $2.3 Million to Transform Egypt’s Insurance Sector – Fintech News Egypt

Cairo, Egypt – Amenli, a digital-first insurance platform, has raised $2.3 million in a funding round led by the European Bank for Reconstruction and Development (EBRD)’s venture capital arm, with follow-on investment from Y Combinator (YC). This significant milestone positions Amenli as a key player in modernizing Egypt’s insurance sector and accelerating digital transformation. With […]

Swvl Wins $4.2 Million in New Contracts in Egypt Over the Last Three Months – Fintech News Egypt

Cairo, Egypt – November 18, 2024: Swvl, a global leader in tech-driven mobility solutions, has announced securing $4.2 million in new contracts in Egypt. The contracts span key industries, including FMCG and telecommunications, further solidifying the company’s footprint in the region. This milestone aligns with Swvl’s mission to revolutionize transportation through innovative mobility solutions tailored […]