MENA

Cloud Kitchen Softwares Help MENA Restaurants Optimize Costs, Expand Reach
Cloud Kitchen Softwares Help MENA Restaurants Optimize Costs, Expand Reach
May 12, 2022  |  Restaurant innovation

Operating — and growing — a restaurant business in the Middle East and North Africa (MENA) region comes at a steep cost, resulting in shrinking...

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Egyptian eCommerce Startup Mylerz Raises $9.6M
Egyptian eCommerce Startup Mylerz Raises $9.6M
May 11, 2022  |  Investments

Egyptian eCommerce fulfillment startup Mylerz is looking to expand following a $9.6 million in a growth funding round. As Magnitt reported Wednesday (May 11), the...

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BNPL Startup Cashew Nets $10M for Expansion From UAE Lender
BNPL Startup Cashew Nets $10M for Expansion From UAE Lender
May 09, 2022  |  Investments

Cashew, a buy now, pay later (BNPL) firm from the United Arab Emirates (UAE), has secured up to $10 million in debt and equity financing...

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UAE SMBs Rethink Investment To Create Seamless Cross-Channel Shopping Experience
UAE SMBs Rethink Investment To Create Seamless Cross-Channel Shopping Experience
May 04, 2022  |  SMBs

When it comes to investment plans in mobile order-ahead features, touchless payments at the brick-and-mortar point of sale (POS) and in-store kiosk pickup options for...

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UAE-Based SMBs Generate 46% of Sales on Digital Platforms, Lowest in 6-Country Study
UAE-Based SMBs Generate 46% of Sales on Digital Platforms, Lowest in 6-Country Study
May 03, 2022  |  SMBs

Digital platforms play a key role in the increasingly connected global economy, enabling businesses across all sectors to reach more potential customers both at home...

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Dubai Unveils $100M Venture Capital Fund for Startups
Dubai Unveils $100M Venture Capital Fund for Startups
April 29, 2022  |  Investments

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has approved a $100.7 million venture capital finance fund that’s aimed at helping startups across the region...

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EU FinTechs Drawn to MENA Region’s Digital Payments and Merchant Growth
EU FinTechs Drawn to MENA Region’s Digital Payments and Merchant Growth
April 26, 2022  |  Digital Payments

The introduction of open banking, enabled by the revised Payment Services Directive (PSD2), has significantly transformed the digital payments space in Europe, boosting competition in...

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Growing Smartphone Usage Boosts MENA Non-Cash Payments
Growing Smartphone Usage Boosts MENA Non-Cash Payments
April 20, 2022  |  Mobile Payments

Long gone are the days when making mobile or digital purchases in the Middle East and North Africa (MENA) was an almost impossible task. According...

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Egyptian FinTech Lucky Eyes MENA Following $25M Funding Round
Egyptian FinTech Lucky Eyes MENA Following $25M Funding Round
April 08, 2022  |  International

Nearly three weeks after Lucky, an Egyptian cash back rewards app, closed a $25 million fundraising round, the startup is planning to lead the sector...

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