Total investment raised by startups in the Middle East and North Africa region (MENA) and broader Gulf Cooperation Council (GCC) area crossed the $3 billion mark in 2022 as investors injected more money into promising startups despite the global slowdown. “We’re really seeing an upward...
Global economic volatility and recession risk test the business resilience of startups. But for firms in emerging markets across Africa and the Middle East, the macroeconomic impact on business growth and investment so far seems less severe. In fact, while startups in those regions have...
Egyptian cash back rewards app Lucky on Monday (March 21) wrapped up a $25 million fundraising round that is the largest Series A funding effort for a FinTech in that country, according to a Tech Funding News report. Nclude, by MEA-focused venture capital firm Global...
Egypt’s largest national banks, Banque Misr, National Bank of Egypt and Banque du Caire, have launched a new venture fund called Nclude, the banks announced Sunday (March 20). The fund was launched in partnership with venture capital firm Global Ventures, and will focus on FinTech...
May 04, 2023
Total investment raised by startups in the Middle East and North Africa region (MENA) and broader Gulf Cooperation Council (GCC) area crossed the $3 billion mark in 2022 as investors injected more money into promising startups despite the global slowdown. “We’re really seeing an upward trend in terms of the amount of funding that takes […]
December 29, 2022
Global economic volatility and recession risk test the business resilience of startups. But for firms in emerging markets across Africa and the Middle East, the macroeconomic impact on business growth...
January 08, 2024
Maalexi has raised $3 million in a Pre-Series A funding round to continue building its cross-border trade platform for small agribusinesses. The platform connects buyers with sellers worldwide to reinforce the food supply chain and promote food security in the United Arab Emirates (UAE) and the greater Gulf Cooperation Council (GCC) region, the company said […]
March 21, 2022
Egyptian cash back rewards app Lucky on Monday (March 21) wrapped up a $25 million fundraising round that is the largest Series A funding effort for a FinTech in that...
March 20, 2022
Egypt’s largest national banks, Banque Misr, National Bank of Egypt and Banque du Caire, have launched a new venture fund called Nclude, the banks announced Sunday (March 20). The fund...
