Saudi Arabia-based fintech, Mala has raised $7 million in a pre-Seed round led by VentureSouq and Shorooq Part ..Read More

Saudi Arabia-based fintech, Mala has raised $7 million in a pre-Seed round led by VentureSouq and Shorooq Partners, with participation from M Capital, BECO Capital, and Silicon Valley’s D Global Ventures. Founded by Musaab Hakami in 2024, Mala offers SMEs a B2B procure-now-pay-later (PNPL) platform that provides flexible credit terms while ensuring immediate payments to suppliers. This funding will support Mala’s official launch in Saudi Arabia in Q4 2024.
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UAE-based fintech Abhi has secured $15 million in debt financing led by Shorooq Partners and Amplify Growth Pa ..Read More

UAE-based fintech Abhi has secured $15 million in debt financing led by Shorooq Partners and Amplify Growth Partnership. Founded in Pakistan in 2021 by Ali Ladhubhai and Omair Ansari, Abhi focuses on financial inclusion for employees and SMEs in the MENAP region. The new funds will help Abhi scale operations and expand its earned wage access (EWA) services for blue- and white-collar workers.
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Egypt-based fintech Paymob has secured additional funding led by EBRD Venture Capital, with participation from ..Read More

Egypt-based fintech Paymob has secured additional funding led by EBRD Venture Capital, with participation from Endeavor Catalyst and existing investors like PayPal Ventures, BII, FMO, A15, Nclude, and Helios Digital Ventures, bringing its total Series B funding to $72 million. This will support Paymob's growth strategy across MENA.
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UAE-based fintech FlapKap has secured new funding led by BECO Capital, with notable investment from Pact VC an ..Read More

UAE-based fintech FlapKap has secured new funding led by BECO Capital, with notable investment from Pact VC and follow-on contributions from A15, Nclude, QED Investors, along with debt financing from Channel Capital. This brings FlapKap's total funding to $37.6 million.
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Saudi Arabia-based fintech Tabby has finalized the acquisition of Tweeq, a Saudi-based digital wallet licensed ..Read More

Saudi Arabia-based fintech Tabby has finalized the acquisition of Tweeq, a Saudi-based digital wallet licensed by the Saudi Central Bank (SAMA). Founded in 2019, Tabby is a BNPL fintech with over $6 billion in annualized transaction volume. Tweeq, launched in 2020, offers a digital spending account for managing money. This acquisition will allow Tabby to expand its financial product offerings, including digital wallets, spending accounts, and money management tools.
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UAE-based fintech Ziina has secured new funding led by US-based Altos Ventures, with participation from Fintec ..Read More

UAE-based fintech Ziina has secured new funding led by US-based Altos Ventures, with participation from Fintech Collective, Avenir Growth, Activant Capital, Y Combinator, FJ Labs, MEVP, and Jabbar Internet Group. This investment will support Ziina's expansion from a payments solution to offering comprehensive financial services, starting with the upcoming ZiiCard.
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