Roboost, a leading provider of AI-powered delivery management solutions, today announced a strategic partnership with Flash, a cutting-edge fintech company specializing in secure and efficient payment technologies. This collaboration will integrate Flash’s cashless payment solution into the Roboost rider app, enabling customers to pay for their deliveries with a simple scan of a QR code. cash-on-delivery This partnership addresses a significant challenge for businesses that handle a high volume of cash-on-delivery transactions. Traditionally, equipping drivers with POS machines has been a costly and cumbersome solution, often leading to logistical and security concerns. The Roboost-Flash integration eliminates the need for physical…
Author: Mohamed Fathy
Nowlun, the leading digital freight forwarding platform in the Middle East and North Africa (MENA), today announced it has raised $1.7 million in seed funding. The round was led by Nama Ventures and A15, with participation from Sanabil 500 Global and prominent angel investors. expansion This investment will fuel Nowlun’s ambitious expansion plans and accelerate the development of its innovative technology platform, which is transforming the logistics industry by offering instant, transparent, and competitive ocean freight rates, streamlined shipment management, and real-time visibility into cargo movements. logistics market Since its launch in 2021 by Moataz Khamis (CEO), Mahmoud Khaled (CTO),…
Banknbox is excited to announce its strategic alliance with MineSec to offer advanced SoftPOS technology to banks and financial institutions. By integrating MineSec’s SDK certified PCI CPOC/MPOC technology, into Banknbox’s platform, the collaboration will empower the partners with a complete digital acquiring solution, providing secure and efficient payment processing for financial institutions and their customers. digital capabilities Banknbox is expanding its digital capabilities, empowering banks and fintechs to provide a more flexible and cost-effective way for their merchants to accept payments, As exclusive partner in Egypt for MineSec cutting-edge technology, This integration will serve a broad range of financial institutions…
Watercycle Technologies is pleased to announce the closure of a $5.6 million Series A investment round led by Par Equity as part of a syndicate with Greater Manchester Combined Authority (‘GMCA’), Aer Ventures and the University of Manchester Innovation Factory. This investment will enable Watercycle to rapidly scale up and commercially deploy its technology to deliver sustainable, low-cost, high-yield mineral recovery systems. Watercycle’s mineral recovery systems Watercycle’s mineral recovery systems have received international traction from government bodies and businesses on every continent, targeting brine mining and battery recycling applications. The goal of the Company’s proprietary technology is twofold: mitigating the…
In its meeting today, the Central Bank of Egypt’s Monetary Policy Committee (MPC) decided to keep the CBE’s overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 27.25 percent, 28.25 percent, and 27.75 percent, respectively. The Committee also kept the discount rate unchanged at 27.75 percent. The decision reflects recent developments and outlook at the global and domestic levels since the previous MPC meeting. Globally, monetary policy tightening cycles in advanced and emerging market economies have contributed to a decline in inflation worldwide, with select central banks gradually cutting their policy rates, albeit maintaining…
Amenli, a leading insurtech broker licensed by the Financial Regulatory Authority in Egypt (FRA), has secured a new funding round of $2.3 million aimed at accelerating its growth and enhancing its service offerings. The investment was led by the European Bank for Reconstruction and Development Venture Capital arm (EBRD) and includes a follow-on investment from Y Combinator (YC), underscoring a strong vote of confidence in Amenli’s innovative approach to disrupting insurance distribution in emerging markets. boost growth The funds will be strategically allocated to boost growth through evolving technological capabilities and solutions, diversify distribution channels, heavily invest in product development…
Pemo has announced a $7 million Pre-Series A Funding round as it seeks to continue its unprecedented growth in the region. spend management platform Following two years of remarkable success in the UAE, the leading Dubai-based spend management platform has secured this funding in the wake of achieving a milestone moment of reaching AED 1.4bn in annualised transactions. Testament to its core focus on offering exceptional customer service, the start-up is set to use the investment to drive further innovation in its product, and continue delivering an exceptional experience and value for its customers. expansion Furthermore, Pemo is eying expansion…
Khazna is proud to announce a strategic partnership with CorporateStack, aimed at transforming its operational management and improving efficiency through the deployment of CorporateStack’s industry-leading Enterprise Resource Planning (ERP) solutions. This partnership marks a significant step in Khazna’s continuous drive to support its growth and optimize operations. ERP solutions Under the terms of this partnership, CorporateStack will deliver an integrated suite of customized ERP solutions designed to streamline processes and meet Khazna’s comprehensive accounting and operational needs swiftly and accurately. This collaboration underscores Khazna’s commitment to evolving its product offerings and refining its operational capabilities. CorporateStack is recognized as a…
H.E. Dr. Rania Al-Mashat, Minister of Planning and Economic Development and International Cooperation, and Chairperson of the Ministerial Group for Entrepreneurship, held a consultative meeting that included representatives from venture capital funds, law and consultancy firms, the startup community, entrepreneurship support sectors, and relevant national entities. The meeting aimed to review the group’s work roadmap, introduce the technical working groups that were formed, and discuss the key proposals and challenges needed for sector growth, to be presented at the second meeting of the ministerial group. This initiative supports the government’s efforts to create a conducive environment for startups and promote…
Infinix, the innovative, youth-oriented brand, has announced the launch of its new Infinix HOT 50 series in the Egyptian market. This announcement came during a grand event held at one of Cairo’s hotels, attended by the company’s leaders in Egypt and a selected group of journalists, media representatives, and technology specialists, reflecting Infinix’s commitment to introducing its latest innovations to the Egyptian market. Sustained Investments Under the “Made in Egypt” Slogan During the press conference that accompanied the launch event, Infinix reaffirmed its commitment to significant investments in manufacturing smartphones locally under the “Made in Egypt” slogan. This strategy aims…
Teradix, a leading provider of innovative eProcurement solutions in MENA, announced that it has been awarded a $140,000 grant from the prestigious TAQADAM Accelerator program at King Abdullah University of Science and Technology (KAUST) to revolutionize procurement processes in the Saudi market. Teradix’s strategic The funds secured from the TAQADAM Accelerator program will be pivotal in supporting Teradix’s strategic expansion into Saudi Arabia. With a focus on enhancing its eProcurement solutions, Teradix aims to drive growth, streamline procurement processes, and deliver unparalleled value to clients in the region. intuitive procurement solutions Teradix offers a comprehensive suite of intuitive procurement solutions…
T-Vencubator, a pioneering entity offering venture building, venture capital, and incubation services, today has announced Tafweela as its inaugural venture building project. Tafweela is set to revolutionize the vehicle payments ecosystem in Egypt through its innovative end-to-end payment solution. This strategic move underscores T-Vencubator’s commitment to fostering disruptive startups that drive digital transformation across key sectors. A New Era of Digitized Vehicle Payments Tafweela, founded in 2023 by visionary entrepreneur Marwan El Shayeb, is a newly introduced technology built to digitize vehicles and turn them to payment methods. By introducing a tap-and-go system, Tafweela empowers organizations to streamline operations, eliminate…
The Saudi startup platform “Mala” has raised $7 million in a Pre-Seed investment round led by “Venture Souq,” with participation from notable investors such as “M Capital,” “BECO Capital,” “Access Bridge Ventures,” “Palm Ventures,” “Shorouq Partners,” “Wad Investment,” and the “DGV” fund. top talents “Mala” is preparing for its official launch in the Kingdom during the last quarter of this year, planning to use the invested funds to hire top talents and develop its technology. market position The platform aims to enhance its market position through strategic partnerships with suppliers and buyers, contributing to sustainable growth for the company.