UK-based Development Partners International (DPI), an Africa-focused PE firm, took over management of Egypt-ba ..Read More

UK-based Development Partners International (DPI), an Africa-focused PE firm, took over management of Egypt-based fintech fund Nclude from Global Ventures. Nclude, launched in 2022 with $110M anchored by Banque Misr, had deployed $28M across nine startups including Partment, Khazna, and Paymob. DPI, having invested nearly $850M in Egypt over the past decade, will advise the fund via a dedicated local team.
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• Fintech

Saudi Arabia-based AI-powered language platform, STUCK?, closed a six-figure pre-seed funding round led by UK- ..Read More

Saudi Arabia-based AI-powered language platform, STUCK?, closed a six-figure pre-seed funding round led by UK-based Mena Tech Fund, with participation from KAUST Innovation Fund and Saudi angel investors. Founded in 2022 by Asmaa Naga, the platform offers on-demand English and Arabic language services supported by AI. The investment aimed to accelerate STUCK?’s development and growth in AI-driven language solutions.
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• AI

Morocco-based fintech, PayTic, raised $4 million in funding led by AfricInvest, with participation from Build ..Read More

Morocco-based fintech, PayTic, raised $4 million in funding led by AfricInvest, with participation from Build Ventures, Axian Group, Mistral, Island Capital Partner, and Concrete. Founded in 2020 by Imad Boumahdi, PayTic automates operational processes for card issuers. The funding was intended to support the company’s expansion across North and Sub-Saharan Africa.
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• Fintech

Saudi Arabia’s Sary and Bangladesh’s ShopUp merged to form SILQ Group, securing $110 million in funding, i ..Read More

Saudi Arabia’s Sary and Bangladesh’s ShopUp merged to form SILQ Group, securing $110 million in funding, including equity and a financing facility for SILQ Financial. The round was co-led by Sanabil Investments and Valar Ventures, with participation from Qatar Development Bank and other prominent investors. The investment aimed to support SILQ’s regional expansion and strengthen its offerings across the Gulf and Emerging Asia.
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• Retail

UAE-based proptech and fintech platform, Rentify, secured $500,000 in funding from undisclosed investors. Foun ..Read More

UAE-based proptech and fintech platform, Rentify, secured $500,000 in funding from undisclosed investors. Founded in 2025 by Rashed Hareb and Rajneel Kumar, Rentify enables tenants to manage rental instalments with landlords. The investment was aimed at accelerating the platform’s growth, enhancing its technology, and onboarding additional properties, with $408 million worth of rental property already signed up.
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• Fintech
• Proptech

Bahrain-based social commerce startup, Sellou raised a seed funding round at a $3 million valuation. The round ..Read More

Bahrain-based social commerce startup, Sellou raised a seed funding round at a $3 million valuation. The round, with an undisclosed value, aimed to support the company’s growth plans. Founded in 2020 by Salman Al Khalifa, Sellou planned to utilise the funds to enhance its video-first commerce platform and expand its presence across the Middle East and North Africa.
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• Ecommerce

Egypt-based semiconductor startup, InfiniLink raised $10 million in a seed funding round from MediaTek, Sukna ..Read More

Egypt-based semiconductor startup, InfiniLink raised $10 million in a seed funding round from MediaTek, Sukna Ventures, Egypt Ventures, and M Empire Angels. Founded in 2022 by Ahmed Aboul-Ella and Botros George, the startup focuses on optical data connectivity chips for AI-driven data centres. The investment aimed to accelerate InfiniLink’s development of advanced connectivity solutions leveraging analogue mixed-signal and photonics expertise.
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• Technology

UAE-based AI startup, Lumi AI, closed a $3.7 million seed funding round, led by AgFunder, with participation f ..Read More

UAE-based AI startup, Lumi AI, closed a $3.7 million seed funding round, led by AgFunder, with participation from Forum Ventures, ADQ, Qora71 syndicate, and other angel investors. Earlier, in August 2023, Lumi secured its first round of funding from Forum Ventures, Annex Investments, and strategic angels.
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• AI