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Saudi Arabia’s Tamara raises up to $150m from Goldman Sachs
Tamara, a shopping and payments platform in Saudi Arabia and the GCC region, has secured $150m in a receivables warehouse facility from Goldman Sachs.
Saudi Arabia-based VC Emkan Capital closes debut fund
Saudi Arabia-based venture capital firm Emkan Capital has closed its inaugural fund on $31m, as it looks to back technology startups across GCC and broader MENAP regions.
Middle Eastern FinTech deal activity held positions in 2022 as global...
Key FinTech investment stats in the Middle East: • 169 FinTech deal were announced in the region in 2022, a 1.8% drop from 2021 • FinTech...
Social investing startup InvestSky picks up $3.4m pre-seed
InvestSky, a social investing platform for retail investors, has secured $3.4m in its pre-seed funding round, to support its mission of making investing more inclusive.
Investment firm Manafa lands $28m Series A
Manafa, a Saudi Arabian debt and investment firm, has scored $28m in a Series A round co-led by STV and Wa’ed Ventures.
Saudi Arabia-based Tweeq gets e-money licence
Saudi Arabia-based Tweeq, which aims to help consumers manage their money, has received an e-money licence from the Saudi Central Bank (SAMA).
Retail enablement company Zid closes Series B
Saudi Arabia-based Zid, which stylises itself as a retail enablement company, has raised $50m for its Series B funding round.
Saudi Arabia’s erad raises $2.4m for alternative financing service
erad, which offers Middle East-focused alternative financing platform for businesses, has raised $2.4m in funding.
UAE-based digital bank YAP collects funding ahead of expansion into Saudi...
UAE-based digital bank YAP has reportedly collected $41m in fresh funding, with plans to expand into Saudi Arabia.
Saudi Arabia-based crowdfunding platform Funding Souq secures $2.5m
Saudi Arabia-based crowdfunding platform Funding Souq has raised $2.5m in its seed round, which was backed by a host of angel investors.