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.
CheckMe has acquired a majority stake in DoctorOnline. The deal took between the two healthtechs took place through Exits MENA.
Muqbis, an Egyptian handcrafts marketplace, has raised an undisclosed amount in a pre-Seed round by Nama Ventures.
Egyptian startup Suplyd raises USD 1.6 million in order to further digitize the country’s HORECA supply chain.
Dubai International Chamber now operates representative offices in 15 countries in order to foster international business and investment.
500 Global, a US-based VC firm, has partnered with ITIDA to launch investment and startup focused programs.
SIAC, Flat6Labs and Dar launch construction tech innovation program
SIAC, one of Egypt’s leading construction firms, Flat6Labs and Dar will collaborate to foster startups and contech solutions across Egypt.
Modus and USAID launch Venture Builder to support Egyptian women and underserved populations
Modus and USAID will build and support startups driving digital inclusion for the country’s women and underserved populations.
CONIX.AI, a design tech startup founded in Egypt, uses AI solutions to enable architects and developers to generate designs.
ACWA Power and Egypt’s Sovereign Fund co-invest in 1.1 GW Suez wind project
ACWA Power and TSFE will explore a joint investment to create a 1.1 GW wind energy project in the Gulf of Suez.