New Analysis UAE's Floral Marketplace Floranow Fully Buys Saudi's Flower Distributor Bloomax Floranow, a UAE-based B2B floral marketplace has fully bought Saudi Arabia’s fresh flower distributor Bloomax. The startup bought 100 percent shares of Bloomax, with the transaction funded by both debt and equity. With this acquisition, Floranow will now have a direct presence in nine KSA cities, expanding its current
Funding SC Women in Tech Awards $50,000 to 3 Female-led Startups in Saudi Arabia The Standard Chartered Women in Tech program initiated by Saudi's Falak Investment Hub has awarded $50,000 in equity-free cash prizes to three female-led startups in Saudi Arabia. The startup that won the first-place is Sahm taking home $25,000, second place went to Nqoodlet winning $15,000 and third
Features The Empowerment Of MENA's Ecosystem Via Arabization Arabization, also known as the Arabization of technology or the localization of technology, refers to the process of adapting and translating technological products and services into the Arabic language. Localization also considers translating and adapting software interfaces, documentation, and content into the local language. This involves not only translating words
Daily Egypt's Fintech Giant Fawry Partners With Infobip Egypt’s leading payments Fawry has entered a partnership with global cloud communications platform, Infobip to enable payments through META channels. The new deal offers Fawry’s users a seamless payment experience while giving Infobip access to the Egyptian market. The partnership will see Fawry leverage Infobip’s omnichannel solutions
Daily Mawdoo3 Partners with UAE-based Ad-tech, ArabyAds, For Media Growth Jordan Arabic Content Publisher, Mawdoo3, has partnered with global ad-tech company ArabyAds and its publisher monetisation platform, ThePubverse. The partnership will enable ArabyAds to be Mawdoo3’s media representative, bringing on board the advertiser base of ArabyAds and ThePubverse. Since its establishment in 2010, Mawdoo3 boasts of having more than
Funding UAE Logistics Startup Cargoz Secures Undisclosed Bridge Fund for KSA Expansion UAE-based logistics startup Cargoz has secured an undisclosed bridge funding round from Nama Ventures, RAZ Group and other angel investors from the UAE and Saudi Arabia. Cargoz plans to use the funds to launch in Riyadh by Q3, 2023 and scale its growth in the UAE. Founded by Premlal Pullisserry
Funding Egypt's CardoO Rolls out IoT-powered Watch, Secures $660K in Pre-seed Round Egypt-based Internet of Things (IoT) startup CardoO, has rolled out its first IoT-Enabled Smartwatch. The rollout follows CardoO’s closing of a $660,00 seed round from Alexandria Angel Network, with participation from Sofico Investments and other angel investors from Saudi Arabia. CardoO, which was founded in 2018, specializes in
Funding Turkey AI Marketing Platform Insider Secures $105 Million Turkey-based AI marketing platform Insider secures $105 million in new funding round. The fresh investment came from existing investors: Qatar Investment Authority and Esas Private Equity. This comes after the company raised a $121 million Series D at a $1.22 billion valuation in March last year, making it a
Features How Yemen Can Leverage Technology To Overcome Water Crisis Yemen, like many other countries, has been facing a severe water crisis for many years, with limited access to clean water and issues of water scarcity. The Yemeni water crisis is a complex and multifaceted issue that requires sustained efforts from both national and international stakeholders. The country is disadvantaged
New Analysis MENA's ZainTech Acquires UAE-based Adfolks to Offer Cloud Services to Clients Digital solutions powerhouse of Zain Group, ZainTech has acquired Adfolks, a UAE-based cloud engineering firm that offers a range of cloud transformation services. The acquisition falls in line with ZainTech’s strategic plan to expand its technology offering while providing holistic solutions to its growing customer base. The deal marks
Funding Turkey Foodtech Startup Bundle Kitchen Secures $1.25 Million in Seed Round for Expansion Turkey-based Foodtech Startup Bundle Kitchen has secured a $1.25 million seed round from Nuwa Capital, alongside participation from Turkish VC fund Kybele Investment. Bundle Kitchen will leverage this to develop the tech architecture and expand across the region. Founded in 2020, Bundle Kitchen is a leading multi-brand virtual food
Daily PayTabs Partners Egypt's FlapKap to Support E-commerce Growth in UAE Payment solutions provider PayTabs has entered into a partnership with revenue-based financing platform FlapKap to support the growth of UAE e-commerce. The partnership will enable UAE-based small and medium-sized e-commerce firms (SMEs), webpreneurs, and PayTabs entrepreneurs to swiftly and seamlessly get finance offers. Through the collaboration, more SME companies will
Funding Israeli Cybersecurity Startup Entro Secures $ 6 Million in Seed Funding Israeli cybersecurity startup Entro has secured $6 million in Seed funding led by StageOne Ventures and Hyperwise Ventures and some Angel investors. The Angel investors include the founder of Trusteer and Transmit Security, Rakesh Loonkar, Mickey Boodaei, founder of Imperva, and Amichai Shulman, founder of Imperva and AirEye Founded in
Daily Egypt’s Fintech, Paymob, Obtains Certification To Operate In Saudi Arabia Middle East, North Africa and Pakistan’s (MENAP’s) fast-growing fintech startup, Paymob has obtained Saudi Arabia’s Payment Technical Services Provider (PTSP) certification to fully operate in the Kingdom of Saudi Arabia. This development allows Paymob to provide its seamless, secure payment gateway services to merchants in KSA. In
Funding Saudi Furniture Marketplace Baytonia Closes First Seed Round Saudi-based online furniture marketplace Baytonia has closed its first seed round spearheaded by Khwarizmi Ventures with participation from angel investors. However, the amount of funding was not disclosed. The startup will use the fresh funding to develop its customer experience and service and expand its high-quality product offerings across the
Features A Glimpse Of Jordan's Digitization Efforts So Far Jordan is one of the smallest countries in the Middle East yet making significant strides towards becoming a digitized country. Even though there is little report about the nation’s tech ecosystem, the Information Communications and Technology (ICT) sector in Jordan is among the fastest growing sectors in the economy,
Funding UAE's LegalTech Clara Secures Investment From Plug and Play UAE-founded legaltech startup Clara has secured an undisclosed investment from the global innovation platform, Plug and Play. In addition to the investment, the legal tech startup has entered a partnership to provide access to its range of products to startup founders in Plug and Play’s ecosystem. Founded in 2018,
Funding Plug and Play Reinvests On Morocco-Based B2B E-commerce Startup Chari Plug and Play has invested a second round in the Moroccan e-commerce platform, Chari. However, the amount invested was not disclosed. The commitment in Chari forms part of Plug and Play’s inaugural cohort in Morocco in collaboration with the Mohammed VI Polytechnic University and Startgate. Chari is an e-commerce
Daily MBZUAI Enters Partnership with OurCrowd Arabia The UAE’s Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has entered a partnership with Israeli VC fund OurCrowd, to promote the growth of the university’s AI technology ecosystem. The Memorandum of Understanding (MOU) will create an AI-focused VC fund to attract local and global AI technology startups
Features Bahrain's Thriving Startup Ecosystem Bahrain has been actively working to develop a thriving startup ecosystem over the past few years and has made significant progress towards this goal. The country’s startup scene is growing at a rapid pace, especially in industries such as software development, e-commerce, fintech, cybersecurity and health. According to reports
Funding Israel's AnD Ventures Closes First Fund at $70 Million Early-stage VC firm, AnD Ventures has closed its first fund at $70 million. The fund backs Israeli-based founders and Pre-Seed ventures via its Studio model and Seed companies through its fund. Investments in the startups range from $100,000 to $200,000 while AnD’s studio investments range from $1-3
UAE Fintech TWIG Secures Seven-figure Pre-Seed Round to Develop its Savings Platform UAE-based fintech TWIG has secured a pre-Seed round from Phoenician VC, MMK Capital, Soul Ventures, regional family offices and other angel investors. The exact amount was undisclosed but exceeds $1 million. The startup will use the fresh investment to expand in the region and further develop its savings platform which
Belgium's Deliverect Acquires UAE’s ChatFood oT Support MENA Expansion Belgium-based Saas startup Deliverect has acquired UAE’s food ordering platform ChatFood, in a move to expand to the MENA region. However, the amount of the acquisition was not disclosed. By combining social, dine-in QR, direct channel ordering, and online food delivery, this acquisition offers the restaurant industry a comprehensive
How Sary Is Reinventing Saudi's Wholesale Marketplace Gone are the days when businesses would consult a middleman to buy wholesale merchandise from a manufacturer. Thanks to the advent of technology, wholesale businesses are being migrated to the Internet termed e-commerce over the past twenty years. However, the COVID-19 pandemic has accelerated the shift towards e-commerce across the
Egypt's DisrupTech Secures $5 Million From Proparco To Develop Fintech Sector Egyptian Venture Capital (VC) firm DisrupTech has raised $5 million from Francophone company Proparco to support the growth in Egypt’s fintech sector. The investment will provide seed capital to 28 start-ups offering financial technology services. Launched in 2021, DisrupTech backs early-stage Fintech and Fintech-enabled digital services startups in Egypt.
