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.
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.
Voice AI startup HeyBreez has raised $2.5 million in a seed round to expand its AI-powered voice platform across global markets.
The round was led by Lunara Partners, with
Saudi investment firm Pinnacle Capital has launched a new venture capital fund targeting growth-stage technology companies in Saudi Arabia, combining primary investments with secondary transactions as the Kingdom’s startup ecosystem matures.
OpenAI has introduced Inference Residency in the UAE, allowing eligible ChatGPT Enterprise, ChatGPT Edu, and API customers to process AI model inference on GPUs located within the country.
The move
Egyptian edtech company UMAMI E-Learning Solutions is investing more than $1 million in an AI-powered learning platform as demand grows for technology that connects education with workforce development.
SOOR, a Bahraini insurtech startup, has secured an undisclosed pre-Seed investment from Spring, a venture studio and ecosystem builder backed by Salica Investments and Bahrain’s Al Waha Fund of Funds.
African venture capital in Q2 2026 reflects divergence. Funding for African startups edged higher in the first half of 2026, reaching $1.44 billion compared with $1.42 billion a year earlier, according to TechCabal Insights.
Egyptian investment giant Beltone Holdings has completed the acquisition of Baobab Group, a Paris-headquartered fintech and microfinance provider, in a landmark deal valued at €197.6 million (approximately $235 million)
