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Startups
Lean Technologies and Synapse Analytics launch AI-powered credit decisioning across MENA
Lean Technologies, MENA’s leading Financial Infrastructure provider, has partnered with Synapse Analytics, the region’s AI-native Risk Decisioning Platform, to launch an end-to-end Credit Decisioning and Analytics platform for lenders…
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Egyptian Startup Farid Academy Expands into Saudi Arabia with SAR 4.5 million Partnership to Train…
In a strategic move signaling its regional ambitions, Egyptian edtech startup Farid Academy has announced its expansion into Saudi Arabia, establishing a central operations office in Riyadh. The launch marks a pivotal step in the company’s…
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HALA raises $157m in one of the Middle East’s largest fintech Series B rounds
HALA, Saudi Arabia’s leading fintech and provider of embedded financial services to micro, small and medium enterprises, has raised $157 million in a Series B investment round — officially one of the largest fintech Series B funding rounds…
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Mohamed Nagaty Joins Tactful AI as Investor and Advisor to CEO
Tactful AI, a leading provider of AI-powered customer experience solutions, announced today the appointment of Egyptian entrepreneur and investor Mohamed Aboulnaga Nagaty as both investor and strategic advisor to the company’s CEO. The move…
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Property Finder Announces $525 Million Strategic Investment Led by Permira
Property Finder, a leading property portal in the Middle East and North Africa, today announced a combined total investment of $525 million in the Company led by funds advised by Permira. Funds managed by Blackstone Growth are investing…
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«Shahbandr» Launches «Shahbandr AI» the First Integrated Arabic AI Kit for e-Commerce Stores
Shahbandr, the e-commerce enabler in Saudi Arabia and the Middle East and North Africa, has launched "Shahbandr AI", the region's first Generative AI Kit fully integrated into e-commerce stores.
Shahbandr AI
"Shahbandr AI" offers a…
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Startup Pulse: Africa’s Emerging Tech Scene Gains Momentum
Africa’s startup ecosystem is experiencing a surge in innovation and investment. FollowICT, the digital economy platform, highlights the week’s most notable developments from across the continent.
Itana Opens Applications for…
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«Intella» Secures $12.5 Million Series A Led by Prosus
Intella, the market leader in dialectal Arabic speech intelligence, today announced it has closed $12.5 million in an oversubscribed Series A round led by Prosus, with participation from 500 Global, Wa’ed Ventures, Hala Ventures, Idrisi…
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Dubai Proptech Startup Seraya Raises $1.8M Seed Round
Seraya, a Dubai-based proptech and hospitality startup, has secured $1.8 million in seed funding through a mix of equity and debt, bringing its total capital raised to $2.15 million. The round was led by a prominent Saudi family office and…
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«Munify» Has Raised $3M in Seed Funding to Build a Cross-Border Neobank for Egyptians Abroad
Munify (YC S25) has raised $3M in seed funding to build a cross-border neobank for Egyptians abroad.
The startup, founded by former Microsoft and Uber engineer Khalid Ashmawy, gives migrants a faster, cheaper way to send money home while…
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