Browsing: Business

African startups from Nigeria, Kenya, Egypt and South Africa accounted for 75% of the continent’s startup funding in 2022.

Many African startups, like those of the MENA region, had a challenging year, however, Ventures Africa has identified five key trends seen over the year.

Mahaseel Masr, the MENA region’s first B2B digital fresh produce platform, has raised funding from EICC, the investment arm of…

Made in Libya will promote Libyan exports and transit trade along with proposing opportunities to diversify the country’s economy.

Manafa, a Saudi crowdfunding platform, raises USD 28 million in a round led by STV and Wa’ed Ventures.

AtarCloud, a Saudi-based startup, provides tools to streamline activities for property owners and developers.

Fintech Galaxy, a UAE-based Central-Bank-regulated open finance platform, has acquired Underlie, an Egyptian open finance banking platform offering APIs to banks and businesses.

Bayzat, an HR, payroll and insurance provider, closes a Series C round of USD 25 million and has raised over USD 60 million to date.

The top 50 most-funded MENA startups have been ranked by Forbes Middle East. Combined, the 50 startups raised USD 3.2 billion in 2022.

CheckMe has acquired a majority stake in DoctorOnline. The deal took between the two healthtechs took place through Exits MENA.