Investment

BitGo MENA Launches Regulated Electronic Trading, Delivering Full Suite Trading Services to the Region

BitGo MENA FZE, a subsidiary of BitGo Holdings, Inc., the digital asset infrastructure company, today announced the launch of electronic trading in the Middle...

Sber sees the UAE as a strategic platform for AI dialogue and tech partnership

At SPIEF, Sberbank’s First Deputy Chairman of the Executive Board Alexander Vedyakhin told Gulf Today that the UAE is a key partner for Sber in...

Du launches du Ventures, a $50 million venture capital fund

Dubai-based  telecom operator du has launched du Ventures, a $50 million venture capital fund aimed at investing in startups and emerging technologies to support...

UAE’s e& to sell part of Careem stake to Uber for $100mln

Emirates Telecommunications Group Company PJSC (e&) has signed a binding agreement with Uber Technologies to sell a portion of its stake in Careem Technologies...

KIB Group, represented by KIB Invest, acts as Joint Lead Manager in Islamic Development Bank’s $1bln sukuk issuance

Kuwait International Bank (KIB) Group, through its investment arm KIB Invest, announced its participation as Joint Lead Manager in the successful issuance of a...

KKR Backs Fresha in Unicorn-Making Deal

Fresha enters its next era with $80M in growth funding led by KKR, officially surpassing a $1 billion valuation and accelerating the future of...

Core42 Raises USD 550 million from HSBC to Scale Global AI Infrastructure

Core42, a G42 company specializing in sovereign cloud and AI infrastructure, announced the successful arrangement of two structured trade finance facilities amounting to USD550...

Cantor Receives ADGM Approval, Expanding Middle East Investment Banking Platform

Cantor, a premier global investment bank and part of the Cantor Fitzgerald group of companies, today announced that The Financial Services Regulatory Authority ("FSRA")...

Saudi fintech Arib closes $23.5m funding round led by Merak Capital

Saudi fintech Arib has raised $23.50 million in a funding round led by Merak Capital to strengthen its technology infrastructure, expand operations, and launch...

B&Y Venture Partners launches $5M fund to back Lebanese startups in AI, fintech and SaaS

B&Y Venture Partners has launched the Lebanese Angel Investor Network (LAIN), a $5 million fund supporting early-stage startups founded by Lebanese entrepreneurs locally and...

Qatar Science & Technology Park unveils its $30 million Tech Venture Fund and inaugural cohort of co-investment partners

Qatar Science & Technology Park (QSTP), a member of Qatar Foundation, announced the launch of its $30 million Tech Venture Fund alongside its first...

Fasset raises $51 million for stablecoin-powered digital banking

Neobank Fasset has raised $51 million to expand its stablecoin-centric banking platform to emerging markets. Headquartered in Los Angeles, Fasset is focused on using the latest technology...

Stitch Raises $25M Series A Led by Andreessen Horowitz

Stitch, the operating system built for modern financial institutions, today announced it has raised $25 million in Series A funding led by Andreessen Horowitz...

Snoonu Invests in Qatari Fintech Startup HASIF

Snoonu has announced an investment in HASIF, a Qatari startup developing smart accounting and financial compliance solutions for small and medium-sized enterprises, as part of...

Stream secures $5.2mln seed extension led by BECO Capital to srengthen MENA’s financial infrastructure

The Riyadh-born payments platform brings total seed funding to $9.2 million, with participation from Outliers, STV, Flourish, Arab Bank and BYLD Riyadh, Saudi Arabia – Stream,...

Siin hits $3 million in funding as it bets on live commerce in MENA

Siin, the fastest-growing live shopping marketplace in MENA, today announced new funding, bringing its total capital raised to $3 million. The round was led...

CredibleX announces Series A round with Mubadala as lead investor

CredibleX announced its Series A funding round led by Mubadala Investment Company, an Abu Dhabi sovereign wealth fund, with participation from existing investor Further...

Founded in DIFC, UAE’s Sarwa hits $1bln in assets amid retail trading surge

Sarwa, one of the GCC’s most-recognised investment and personal finance platforms, has crossed USD 1bn in client assets, becoming the first UAE-founded FinTech platform...

Signit Raises $15M Series A To Scale AI Contract Platform In Saudi Arabia

Signit, a Saudi Technology company providing digital signatures and AI-powered contract management, announced it has raised $15 million in Series A funding to expand...

Sheraa Launches AED5 Million Entrepreneurs Resilience Fund to Empower Startups and SMEs in Key Sectors

Sharjah Entrepreneurship Center (Sheraa) has launched the Entrepreneurs Resilience Fund to provide fast-tracked financial, operational, and marketing support for Sharjah-based startups and SMEs. Launched under...

SIC Invests in BRKZ to Accelerate Digitalization of Industrial Supply Chains in Saudi Arabia

The Saudi Industrial Investment Company (SIC), the investment arm of the Saudi Industrial Development Fund (SIDF), has announced a strategic direct investment in BRKZ,...

Vodafone Qatar Acquires Maktapp Through Infinity Fintech Ventures

Vodafone Qatar has announced the acquisition of Maktapp LLC through its subsidiary Infinity Fintech Ventures, marking a continued expansion beyond telecom into financial and...

Shorooq Backs South Korean Chazm in $10.3mln deal to redefine vehicle ownership through data-driven lifecycle management

Shorooq, a leading multi-strategy investment firm, today announced its investment in the Series A funding round of Chazm, a South Korea-based automotive fintech platform...

Comfi raises US$65mn Pre-series A round to scale SME capital across MENA

Comfi, a B2B embedded finance platform, today announced it has raised $65 million in a Pre-Series A funding round consisting of both equity and...

Neobank Plata Reaches $5 Billion Valuation

Plata, a leading digital bank with operations in Latin America, announced the closing of its $405 million Series C at a $5.0 billion valuation,...

Speedinvest launches flagship Middle East and Africa Fund backed by Mubadala, QIA, and EIB Global

Speedinvest, a globally active European venture capital firm, announces its first flagship fund investing in early growth-stage companies across the Middle East and Africa....

ICE Expands Bet on Polymarket with $600M Investment

New York Stock Exchange parent company Intercontinental Exchange (ICE) is continuing to build out its decentralised finance portfolio by injecting a final $600 million...

Kulipa Raises $6.2M to Scale Stablecoin Payments and Card Issuing Infrastructure for Global Fintech Platforms

Kulipa, a Paris-based stablecoin card issuing infrastructure platform, has raised $6.2 million in seed funding co-led by Flourish Ventures and 1kx, with participation from...

Lucky secures $23mln Series B funding to scale credit access across North Africa

Lucky, a leading financial technology company in Egypt and the Middle East, today announced the successful closing of a $23 million Series B funding round,...

Estaie raises 7-figure pre-seed round to build the world’s fiirst AI-native extended-stay platform

estaie, the world’s first AI-native extended-stay platform, announced it has raised a 7-figure pre-seed funding round led by PlusVC and Orbit Ventures, with participation...

WHOOP Raises $575 Million at $10.1 Billion Valuation to Advance Global Health Platform

Round Led by Collaborative Fund with Participation from 2PointZero Group, Qatar Investment Authority (QIA), Mubadala Investment Company, Abbott, Mayo Clinic, Cristiano Ronaldo, LeBron James,...

Emirates NBD Group successfully closes USD 2.25bln in long-term financing

Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has successfully closed USD 2.25 billion in long-term...

zypl.ai Secures USD 5.5 Million in a Strategic Bridge Round

zypl.ai, a pioneering AI company applying synthetic data for AI decisioning in financial services, announced USD 5.5 million raised at a valuation of USD...

Saudi quick commerce firm Ninja bags $250m, hits unicorn status

Saudi Arabian quick-commerce unicorn Ninja is actively exploring an initial public offering on the Riyadh stock exchange. The company has initiated discussions with potential...

Sahm App becomes one of the first platforms to roll out full saudi stock investment access to global investors

Sahm App, a CMA-regulated trading platform, today announced the launch of its Saudi stock investment services for retail investors worldwide, expanding international access to...

Oman Investment Bank advises on the successful completion of a $130mln investment in Uzum by Omani sovereign entities

Oman Investment Bank is pleased to announce the successful completion of a US$130 million minority investment in Uzum, Uzbekistan’s leading digital services ecosystem, by...

Shorooq Invests in AMI Labs as Yann LeCun’s AI startup raises $1.03bln

Shorooq announced its participation in the $1.03 billion funding round of AMI Labs (Advanced Machine Intelligence), the newly launched artificial intelligence company founded by...

UAE AI Startup Skipr Raises $2M Seed Funding to Build Sovereign AI Infrastructure

Abu Dhabi–based technology startup Skipr has raised $2 million in a seed funding round, giving the company an estimated $10 million valuation. Founded in 2023...

UAE Stock Markets to Close for Two Days

The United Arab Emirates said its two key markets will close for two days of the week, avoiding a possible meltdown after the Gulf...

Abu Dhabi raises $3bln as investor demand drives tight spreads on dual-tranche bond

Abu Dhabi’s dual-tranche bond issuance drew high investor confidence, resulting in tight spreads with the five-year tenor locking in a 3.75% coupon at a...

Revolut Research Highlights Growing Fintech Opportunity and Financial Wellbeing Gap in the UAE

New research commissioned for Revolut highlights a growing opportunity to strengthen financial wellbeing in the UAE, one of the world’s most digitally advanced financial...

Hoxton Wealth App Surpasses $10 Billion in Tracked Assets

The Hoxton Wealth app, which brings investors’ global finances together for seamless control and insights is now tracking $10 billion in assets worldwide, less...

Emirates NBD Leads $31M Series B Funding for Stake

UAE-based proptech company Stake has successfully raised $31 million in its latest Series B funding round, led by Emirates NBD. With this latest investment,...

Madfu raises USD 25.5 mln in pre-Series A

Saudi Arabia’s fintech scene is on a proper roll, and the latest sign of that momentum comes from Madfu, a homegrown Buy Now, Pay Later...