Egyptian fintech Octane raises $5.2M to scale AI-powered fleet expense platform across MENA Cairo-based fle ..Read More

Egyptian fintech Octane raises $5.2M to scale AI-powered fleet expense platform across MENA Cairo-based fleet-tech startup Octane has secured $5.2 million in a funding round led by Shorooq Partners, Algebra Ventures, and SC Holding. The capital will fuel the expansion of Octane’s acceptance network, enhance its AI capabilities for fraud detection and route optimization, and support regional growth across Egypt and the broader MENA region. Octane’s closed-loop digital wallet simplifies and consolidates on-road fleet expenses—fuel, maintenance, petty cash—into one platform, delivering real-time control, cost savings, and operational transparency to over 1,600 clients managing 250,000 vehicles. With a growing footprint across 2,800 fuel and CNG stations, Octane is redefining enterprise mobility payments in the region.
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OCTA, a UAE-based fintech platform automating financial operations for SMEs, has secured a $20 million credit ..Read More

OCTA, a UAE-based fintech platform automating financial operations for SMEs, has secured a $20 million credit facility from the Sukna Fund for Direct Financing (SFDF). Co-founded in 2024 by Jon Santillan, Andrey Korchak, and Nupur Mittal, OCTA integrates invoicing, payments, collections, and embedded credit into one platform. This funding enables OCTA to deliver real-time, embedded working capital financing—allowing SMEs to unlock cash tied up in receivables and smooth out payables without relying on traditional banking channels. The facility strengthens OCTA’s mission to become the foundational contract-to-cash infrastructure for SMEs in Saudi Arabia and across the MENA region.
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XFOLIO secures $2M seed funding from MEVP to disrupt enterprise wealth tech. Founded by Anis Rahal, XFOLIO mer ..Read More

XFOLIO secures $2M seed funding from MEVP to disrupt enterprise wealth tech. Founded by Anis Rahal, XFOLIO merges treasury and wealth management in one platform—bringing real-time connectivity, transparent pricing, and AI-powered tools to a sector long underserved by legacy systems. Now scaling across MENA and Europe.
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UAE-based fintech, Qashio, raised $19.8 million in a mix of equity and non-equity funding, led by existing inv ..Read More

UAE-based fintech, Qashio, raised $19.8 million in a mix of equity and non-equity funding, led by existing investor Rocketship VC, with support from MoreThan Capital, regional banks, and family offices. The funds were allocated to fuel its expansion into Saudi Arabia and enhance its B2B loyalty programme across MENA. In 2022, Qashio had previously secured $10 million in a seed round.
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Saudi Arabia-based fintech infrastructure platform, Stitch, raised $10 million in a seed round backed by Arbor ..Read More

Saudi Arabia-based fintech infrastructure platform, Stitch, raised $10 million in a seed round backed by Arbor Ventures, COTU Ventures, Raed Ventures, and Saudi Venture Capital (SVC), along with regional family offices and angel investors. The capital was allocated to fuel Stitch’s expansion across MENA and East Africa, supporting its mission to accelerate the development and deployment of modern financial solutions through its unified API-driven platform.
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UAE-based fintech, Gainz closed a 7-figure USD pre-seed round, combining equity and debt, led by Antler MENAP, ..Read More

UAE-based fintech, Gainz closed a 7-figure USD pre-seed round, combining equity and debt, led by Antler MENAP, Lithium Holdings, and Eleventh Invest Inc., with backing from regional high-net-worth investors. The investment reflected strong confidence in Gainz’s founding team and the SME financing opportunity in MENA. The funds were set to support platform scaling, regional growth, and innovation in Shariah-compliant alternative lending.
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Egypt-based fintech, ElGameya secured a 7-figure USD investment round led by AYADY for Investment and Developm ..Read More

Egypt-based fintech, ElGameya secured a 7-figure USD investment round led by AYADY for Investment and Development, with participation from Jedar Capital, Cubit Ventures, Ventures Notes, P-Maestro, and various angel investors. The capital was allocated to scale the company’s reach and enhance product innovation. Previously, ElGameya raised a six-figure pre-seed round in 2020 led by AUC Angels, alongside Cairo Angels and Alex Angels.
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EFG Finance, part of EFG Holding, approved the acquisition of its B2B platform Fatura by MaxAB-Wasoko, becomin ..Read More

EFG Finance, part of EFG Holding, approved the acquisition of its B2B platform Fatura by MaxAB-Wasoko, becoming a major shareholder in the combined entity and securing a board seat. The deal strengthened EFG’s fintech footprint across Africa. Fatura’s integration expanded MaxAB’s retail network, enhancing product variety, logistics, and embedded financing, while contributing significantly to Egypt’s revenue and supporting the group’s broader pan-African growth strategy.
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