Oman-based enterprise SaaS and AI startup Rihal has secured a US$ 7.5 million first close in its $15 million S ..Read More

Oman-based enterprise SaaS and AI startup Rihal has secured a US$ 7.5 million first close in its $15 million Series A round led by ITHCA Group to scale its data and AI platforms across government, logistics, telecom, and energy sectors.
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• Enterprise SaaS

Saudi open banking infrastructure startup Spare, founded by Dalal Alrayes and Sourabh Shah, has raised US$ 5 m ..Read More

Saudi open banking infrastructure startup Spare, founded by Dalal Alrayes and Sourabh Shah, has raised US$ 5 million in a pre-Series A round led by anb Seed Fund (with participation from Vision Ventures, SEEDRA, 500 Global etc.) to expand its API-based open banking platform and deepen regional bank integrations across the GCC.
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• Fintech

Saudi fintech LDUN, founded by Firas Alhamdan and Faisal Bin Dukhail, has secured US$ 4.8 million in a seed ro ..Read More

Saudi fintech LDUN, founded by Firas Alhamdan and Faisal Bin Dukhail, has secured US$ 4.8 million in a seed round led by Sadu Capital (with Suhail Ventures and Nomu Angel Investment) to scale its tech-driven factoring platform for MSMEs, improving supplier cash flow and trade credit across Saudi Arabia.
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• Fintech

Egyptian edtech startup Farid Academy, founded by Mahmoud Hussein, has expanded into Saudi Arabia by opening a ..Read More

Egyptian edtech startup Farid Academy, founded by Mahmoud Hussein, has expanded into Saudi Arabia by opening an operations office in Riyadh and signing a SAR 4.5 million (~US$ 1.2 million) partnership with Amad Association to run coaching and educational programmes for over 4,000 children and adolescents ahead of its planned seed round.
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• Edtech

Amaani, founded by Shubham Poddar, has raised a US$ 3 million seed round led by Peak XV’s Surge to launch A� ..Read More

Amaani, founded by Shubham Poddar, has raised a US$ 3 million seed round led by Peak XV’s Surge to launch AÏZA — a beauty brand that blends Arab heritage and global clinical formulation — and scale across the UAE, Saudi Arabia, and beyond.
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• Beauty
• Wellness

Egyptian healthtech startup Duaya, founded by Dr Ahmed Fazara, has acquired SaaS provider EXMGO in a six-figur ..Read More

Egyptian healthtech startup Duaya, founded by Dr Ahmed Fazara, has acquired SaaS provider EXMGO in a six-figure deal to relaunch the service as Duaya Go — expanding its digital tools for pharmacies (e-commerce, online sales, inventory, payments) and pushing forward its pharmacy digitisation strategy.
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• Healthtech

Saudi startup Oumla, founded by Mohammed Aljasser and Salah AlSalman, has raised US$ 2.4 million in a seed rou ..Read More

Saudi startup Oumla, founded by Mohammed Aljasser and Salah AlSalman, has raised US$ 2.4 million in a seed round led by Core Vision (with Avalanche and angel investors) to build digital asset custody, tokenisation, and blockchain connectivity infrastructure for institutions across Saudi Arabia and the wider MENA region.
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• Blockchain

Clarity, an AI customer-experience and voice-of-customer platform founded by Abed Kasaji and Pavel Kochetkov, ..Read More

Clarity, an AI customer-experience and voice-of-customer platform founded by Abed Kasaji and Pavel Kochetkov, has raised US$12 million in a round led by Prosus Ventures (with Wamda Capital among participants) to expand its AI-powered CX solutions across regulated industries.
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• AI