Tag: Shorooq Partners

Key African FinTech investment stats in Q1 2024: • African FinTech deal activity reached 40 transactions in Q1 2024, a 40% drop YoY • African FinTech...

Lendo, a Saudi Arabia-based FinTech company specialising in Shariah-compliant debt crowdfunding, has successfully secured a substantial Series B funding of SAR 105m ($28 million).

Tamara, Saudi Arabia-based company, secured an additional up to $250m in debt financing, elevating its total warehouse facility to a staggering $400m.

Triple-A is making waves in the financial technology industry with the announcement of their successful $10m Series A funding round.

MENA-based banking-as-a-service provider NymCard has closed a fresh funding round on $22.5m to support boost its presence in the region.

Cryptocurrency data analyses and tax platform ZenLedger has pulled in $15m for its Series B funding round.

UAE-based Pemo, which offers an all-in-one spend management solution to businesses in the region, has scored $12m in funding.

Saudi Arabia-based invoice financing platform Lendo has reportedly collected $7.2m in its Series A round.

Saudi Arabia-based Lean has reportedly raised $4.5m in a seed funding round, which was led by RAED Venture.