UAE-based Stellaria has raised $6.8 million in a seed round from a group of angel investors.
Stellaria develops geospatial AI technology that transforms satellite data into AI for businesses and organizations.
Nigerian fintech Moniepoint is phasing out MonieWorld, its UK remittance product, about 14 months after launching the service as it refocuses resources on its core African markets.
Pan-African venture capital firm Ventures Platform has closed its second fund at $84 million, nearly doubling the $46 million raised for its first institutional fund as it deepens its focus across Africa.
Raff, a Saudi-based retail technology startup, has raised $1.7 million from 500 Global, Palm VC, Oqal Group, Salla Co-Founder Salman Butt, and other investors to help digital-first consumer brands expand beyond e-commerce and into physical stores.
South African AI startup Verascient has raised $1.2 million in an oversubscribed seed round. The round was backed by Founder Collective, Andrena Ventures, Cambridge Enterprise and Summit Ventures.
Fasset has joined the global fintech unicorn club after raising $68 million in a Series C round led by Japan’s SBI Group, valuing the stablecoin-focused neobank at $1 billion.
Commercial International Bank (CIB) has received preliminary approval from the Central Bank of Egypt to establish Yomo, a new digital native bank that will operate in Egypt.
Uber has officially expanded its Robotaxi offering in Dubai, putting Baidu's fully driverless Apollo Go vehicles on its platform as the emirate accelerates its push to make autonomous transport part of everyday urban mobility.
The UAE-based fintech, XSquare, has raised an undisclosed pre-seed round led by Radled Venture with participation from Angel Spark, 500 Global, and Oraseya Capital.
First Abu Dhabi Bank (FAB) has announced that Payit has launched “Send Now, Pay Later,” allowing eligible customers to send money internationally immediately and settle payments in 30 days.
Sohar International has launched an innovation hub as the Omani bank looks to deepen its role in the country’s expanding fintech ecosystem and create a structured pathway for financial technology companies to develop and commercialize new solutions.
