Startups

Tactful AI, the Egypt-born startup specializing in AI-powered customer experience solutions, has announced a new chapter in its journey after its founders, Mohamed El-Masry & Mohammed Hassan, reacquired full ownership of the company.…
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PALM, Egypt’s first fintech startup offering incentivized goal-based saving, has announced today that the company has successfully closed its pre-seed funding round. The investment round was led by 4DX Ventures with participation from Plus…
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Lucidya, the leading AI-powered customer experience management (CXM) platform in MENA, has announced the successful close of its USD30 million Series B round, making it the largest AI investment ever raised in the region. The round was…
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As artificial intelligence evolves at an extraordinary pace, FollowICT, a digital economy platform, launches its weekly newsletter, providing a summary of the world's top updates in the global AI news. Hugging Face Launches Reachy Mini…
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With Africa's digital economy on the rise, FollowICT highlights some important developments influencing the startup sector in Africa: Kenyan Logisitics Startup Leta Expands to Ghana Following $5 Million Raise Leta is a software…
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ACT, a leading Information and Communication Technology (ICT) company with over 35 years of experience, has announced a strategic partnership with Kashier, a prominent provider of financial technology solutions in Egypt. This collaboration…
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Egypt-based property technology (PropTech) platform Nawy has acquired a majority stake in SmartCrowd, a Dubai-based fractional property investment platform, marking its entry into the UAE market and broader GCC expansion. Acquisition…
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Huspy just closed a $59 million Series B to double down on operations across the Middle East and expand its European presence, led by existing investor Balderton Capital. In 2022, Huspy raised over $40 million in Series A and an…
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PetroApp, the leading independent platform for digital fuel payments, fleet management, and vehicle services, today announced the successful closing of a $50 million investment round led by Jadwa Investment through its GCC Diversified…
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Aria Ventures, a specialized venture studio focused on building startups, has announced the launch of a 50 million EGP investment to support promising companies in the Deep-Technology sector. This initiative aims to bridge the gap between…
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