Browsing: investment

MENA startups raised USD 3.94 billion in 2022 across 795 deals, according to startup platform Wamda. Smaller and later stage deals on the up.

Astra Tech, a UAE-based technology group, has fully acquired BOTIM, the MENA region’s leading VoIP platform.

InvestSky aims to make investing “inclusive, intuitive, and informed”. Following a successful pre-seed round, the UAE company is launching its platform.

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

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.

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.

UAE and Africa are working to strengthen their economic ties by signing a reciprocal reinsurance agreement to boost export and trade between the two markets.

Here, we speak to Diana Teoh, Head of Investment and Growth at GetFundedAfrica about their offerings and to gain insight into the startup scene and the challenges faced when startups seek investment.

Blnk, an Egyptian fintech startup, aims to improve financial inclusion among underserved communities across the country.