Egypt-based leading fintech platform, Fawry, acquired a 56.6% equity stake in Egypt-based fintech, Virtual CFO ..Read More

Egypt-based leading fintech platform, Fawry, acquired a 56.6% equity stake in Egypt-based fintech, Virtual CFO as part of a $1.6 million investment across three fintech firms. The move aligns with Fawry’s efforts to enhance its digital financial solutions and strengthen its “Fawry Business” ecosystem.
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• Fintech

Egypt-based fintech giant, Fawry, invested in Egypt-based fintech, Code Zone, acquiring a 51.0% stake to suppo ..Read More

Egypt-based fintech giant, Fawry, invested in Egypt-based fintech, Code Zone, acquiring a 51.0% stake to support its expansion in digital business solutions. The investment is part of a broader $1.6 million funding initiative aimed at strengthening Fawry’s position in Egypt’s fintech sector.
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• Fintech

UAE-based fintech, Flow48, secured $69 million in a Series A funding round, comprising a mix of debt and equit ..Read More

UAE-based fintech, Flow48, secured $69 million in a Series A funding round, comprising a mix of debt and equity. Led by Breega, the round saw participation from 212, Speedinvest, Daphni, Endeavor Catalyst, Evolution Ventures, and Plus VC. The investment aimed to support Flow48’s expansion in Saudi Arabia and the UAE. Previously, in November 2023, the company raised $25 million in a pre-Series A round.
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• Fintech

German logistics company, DHL eCommerce, the e-commerce logistics arm of DHL Group, acquired Saudi Arabia-base ..Read More

German logistics company, DHL eCommerce, the e-commerce logistics arm of DHL Group, acquired Saudi Arabia-based parcel logistics firm, AJEX, for an undisclosed amount. The acquisition strengthened DHL’s presence in the region, integrating AJEX’s express distribution, e-commerce, and freight services across Saudi Arabia, the UAE, Bahrain, and beyond.
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• Logistics

UAE-based SaaS provider, Journify, secured $4 million in funding, led by Silicon Badia, with participation fro ..Read More

UAE-based SaaS provider, Journify, secured $4 million in funding, led by Silicon Badia, with participation from RZM and other investors. The investment aimed to support the company’s expansion efforts and enhance its customer data solutions. Founded in 2023 by Taoufik El Jamali and Amine Chouki, Journify planned to utilize the funding to grow its customer base and strengthen its market presence.
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• SaaS

UAE-based fintech, Omnispay, secured $1.5 million in a seed funding round led by Mercatus Capital Pte. Ltd., w ..Read More

UAE-based fintech, Omnispay, secured $1.5 million in a seed funding round led by Mercatus Capital Pte. Ltd., with participation from regional and international investors. The investment aimed to support its growth and expansion. Founded in 2022 by Simanta Das, Vimal Kumar, and Praveen Kiran, Omnispay simplifies SME cash flow management through its all-in-one platform for collections, payments, and borrowing.
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• Fintech

Egypt-based fintech, Basata, increased its stake in Jordan-based fintech, MadfoatCom, to 25%, further strength ..Read More

Egypt-based fintech, Basata, increased its stake in Jordan-based fintech, MadfoatCom, to 25%, further strengthening its presence in the digital payments sector. The acquisition aimed to enhance financial inclusion and improve Jordan’s digital payments infrastructure. Basata, founded in 2009 after the merger of Masary and Bee, specializes in e-payments, while MadfoatCom, founded in 2011, provides an online bill presentment and payment system.
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• Fintech

UAE-based self-storage provider, The Box, secured $12.5 million in debt financing led by Shorooq. Founded in 2 ..Read More

UAE-based self-storage provider, The Box, secured $12.5 million in debt financing led by Shorooq. Founded in 2007 by Wadih Haddad, The Box offers personal storage, record management, and moving services. The funding supported its expansion and the development of new flagship storage facilities.
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• Storage & Moving Services