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.
Read Less

• 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.
Read Less

• 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.
Read Less

• Fintech

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.
Read Less

• 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.
Read Less

• Fintech

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.
Read Less

• Blockchain

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.
Read Less

• Healthcare

UAE-based venture capital firm, Iliad Partners announced the launch and first close of its $50 million Iliad P ..Read More

UAE-based venture capital firm, Iliad Partners announced the launch and first close of its $50 million Iliad Partners Tech Ventures Fund I, backed by Jada Fund of Funds (a PIF company), the Olayan Family, and Masarrah Investment Company. The fund targeted early-stage B2B tech startups in the MENA region, with a focus on Saudi Arabia and the UAE, and verticals such as fintech, logistics, and proptech. It made its debut with investments in regional startups OTO, Penny, and Qashio.
Read Less

• Fintech
• Logistics
• Proptech
• Startups