Jordan-headquartered SaaS startup, InvoiceQ raised $1.2 million in a pre-Series A funding round, backed by Oas ..Read More

Jordan-headquartered SaaS startup, InvoiceQ raised $1.2 million in a pre-Series A funding round, backed by Oasis 500, Orange VC, Flat6Labs, Natej Soft, and several angel investors. Founded in 2020 by Muhannad Tobal, Fadi Al-Jabali, Amer Ayyad, and Mohammad Baseet, the company previously secured $440,000 in 2022 from Jordan Ahli Bank's accelerator, Ahli Fintech. The latest funding was directed towards InvoiceQ’s geographic expansion plans, targeting markets in Oman, Egypt, the UAE, and the wider GCC.
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• Information Technology

UAE-based Web3 banking startup, Klickl closed a $25 million Series A funding round at a valuation of $125 mill ..Read More

UAE-based Web3 banking startup, Klickl closed a $25 million Series A funding round at a valuation of $125 million. The round was co-led by Web3Port Foundation and Aptos Labs, with participation from Summer Ventures, Heritage Horizon Capital, V2 Capital, Alpha Square Group, Heng Feng Group, Trend Investment, and Bond Group. Founded in 2017 by Michael Zhao, Klickl is a Web3 open finance platform offering banking, digital payments, and crypto trading to enable seamless entry into Web3. The funding will enable Klickl to expand its Web3 banking services, focusing on emerging markets across MENA and beyond.
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• Fintech

Bahrain-based Unipal, a platform focused on enhancing university student experiences, successfully closed its ..Read More

Bahrain-based Unipal, a platform focused on enhancing university student experiences, successfully closed its Pre-Series A funding round with participation from Falak Angels Syndicate members. The investment reinforced Unipal’s position as a leading provider of student-focused services across the Middle East and Africa.
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• Edtech

Morocco-based B2B marketplace, ZSystems closed a $1.5 million Seed funding round, led by Morocco-based VCs—M ..Read More

Morocco-based B2B marketplace, ZSystems closed a $1.5 million Seed funding round, led by Morocco-based VCs—MNF Ventures (through its MNF II fund), Witamax (through Fund II and III), Cash Plus Ventures, and Kalys Ventures. The funds will support ZSystems in developing its technology, expanding its product catalog, and preparing for its next growth phase
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• Information Technology

UAE-based healthtech, BioSapien raised $5.5 million in a pre-Series A fundraise, led by Global Ventures with p ..Read More

UAE-based healthtech, BioSapien raised $5.5 million in a pre-Series A fundraise, led by Global Ventures with participation from Dara Holdings. The capital will be used to fund BioSapien’s clinical trials in the UAE, with patient enrollments in Abu Dhabi set to begin in Q2 2025. The funds will also support increased product development, manufacturing, and the onboarding of new talent.
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• Healthtech

UAE-based fintech Quantix Technology Projects LLC, a subsidiary of Astra Tech, secured $500 million in asset-b ..Read More

UAE-based fintech Quantix Technology Projects LLC, a subsidiary of Astra Tech, secured $500 million in asset-backed securitisation financing from Citi. The funding will support Quantix's CashNow consumer lending platform. In early 2023, Astra Tech acquired the voice-calling app "Botim," aiming to create a super app with instant messaging and digital payments. Additionally, in July 2022, Astra Tech raised $490 million, which enabled the acquisition of the Emirati fintech PayBy the following month.
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• Fintech

UAE-based men’s wellness app, Better secured a $550,000 pre-seed funding round led by Salica Spring Studiosâ ..Read More

UAE-based men’s wellness app, Better secured a $550,000 pre-seed funding round led by Salica Spring Studios’ fund, with participation from Salica Investments, Al Waha Fund of Funds, and Plus VC (+VC). Operating in the health and wellness industry, the startup planned to use the capital to expand its offerings, including the introduction of customised prescription medications and supplements tailored for men.
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• Healthcare

UAE-based Web 3.0 social network, DeChat raised $1 million in a funding round led by Mindspace Solutions. The ..Read More

UAE-based Web 3.0 social network, DeChat raised $1 million in a funding round led by Mindspace Solutions. The funding was aimed at accelerating DeChat's growth, enhancing its technology infrastructure, and expanding its user base. DeChat operates in the Web 3.0 and social networking industry, developing a decentralized, user-centric communication platform powered by Web 3.0 technologies.
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• Blockchain