UAE-based AI solutions provider, Teammates.ai, secured an undisclosed funding round from Hustle Fund, Access B ..Read More

UAE-based AI solutions provider, Teammates.ai, secured an undisclosed funding round from Hustle Fund, Access Bridge Ventures, Oraseya Capital, Beyond Capital, and other angel investors. Founded in 2023 as Uktob.ai by Emad Ayyad and Kareem Ayyad, the company rebranded to Teammates.ai as part of a strategic shift to deliver enterprise-grade AI solutions. The funding supported its mission to expand its collection of AI colleagues, capable of handling tasks like customer support and email management in over 50 languages.
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• AI

UAE-based remittances fintech, Jingle Pay, secured funding from Pakistan-based Bank Alfalah, which acquired a ..Read More

UAE-based remittances fintech, Jingle Pay, secured funding from Pakistan-based Bank Alfalah, which acquired a 9.9% equity stake in the company. Founded in 2019 by Amir Fardghassemi, Jingle Pay enables users to store, spend, and send money to over 160 countries in 99+ currencies, with operations in the UAE, Bahrain, Pakistan, and Egypt. The investment reflected Bank Alfalah's commitment to advancing digital transformation and financial inclusion across key markets.
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• Fintech

UAE-based AI startup, MilkStraw AI, secured $0.6M in pre-seed funding led by Flat6Labs, with participation fro ..Read More

UAE-based AI startup, MilkStraw AI, secured $0.6M in pre-seed funding led by Flat6Labs, with participation from Angel Spark, Beyond Capital, and other angel investors. Founded in the US in 2024 by Jawad Shreim, MilkStraw develops software to automate and optimise cloud infrastructure costs for businesses. The funding enabled the startup to advance its expansion plans across the MENA region.
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• AI

Saudi Venture Capital (SVC) invested in Global Ventures III, an early-stage venture capital fund managed by Gl ..Read More

Saudi Venture Capital (SVC) invested in Global Ventures III, an early-stage venture capital fund managed by Global Ventures, which has a fund size exceeding $150 million. The investment supported the fund’s focus on targeting tech and tech-enabled sectors across Saudi Arabia, MENA, and Sub-Saharan Africa. The fund prioritised investments in supply chain technology, agritech, enterprise SaaS, and emerging technologies, including AI and deep-tech.
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• Tech-focused
• Venture Capital

UAE-based refurbished electronics marketplace, Revibe secured $7 million in a Series A funding round co-led by ..Read More

UAE-based refurbished electronics marketplace, Revibe secured $7 million in a Series A funding round co-led by ISAI and Resonance, with participation from Kima Ventures and Edouard Mendy. Founded in 2022 by Abdessamad Benzakour and Hamza Iraqui, the B2C marketplace operates in KSA, UAE, Kuwait, and South Africa. This funding followed the $2.3 million raised in a seed round last year, supporting Revibe’s efforts to expand in emerging markets and enhance its customer care and quality assurance teams.
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• Lifestyle and Home Improvement

UAE-based fintech CredibleX secured $55 million in Seed funding through a combination of equity and debt. The ..Read More

UAE-based fintech CredibleX secured $55 million in Seed funding through a combination of equity and debt. The round included equity investment from Further Ventures and debt financing from Kilgour Williams Capital, Berkley Square Finance, and other providers. Founded in 2023 by Ahmad Malik, Anand Nagaraj, and Hassan Reda, the funding was aimed at accelerating CredibleX’s growth and expanding its tailored financial services for SMEs.
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• Fintech

Saudi Venture Capital (SVC) committed an investment in MEVP’s $150 million Middle East Venture Fund IV for a ..Read More

Saudi Venture Capital (SVC) committed an investment in MEVP’s $150 million Middle East Venture Fund IV for an undisclosed amount. Anchored by the European Investment Bank (EIB), the fund targeted early to growth-stage tech companies across the GCC, Levant, and North Africa.
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• Private Equity
• Venture Capital

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