Browsing: Finance
MENA startups raised USD 125 million in the last month of 2022, taking the year’s total investment to approximately USD 3.6 billion.
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…
Manafa, a Saudi crowdfunding platform, raises USD 28 million in a round led by STV and Wa’ed Ventures.
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.
The top African startups have been ranked in Digest Africa’s “100 Most Funded African Startups” list, highlighting emerging companies across the continent.
Moove raises USD 30 million from its debut sukuk to fund the building of the largest EV ride-hailing fleet in the UAE.