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.
Read Less

• Fintech

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.
Read Less

• Fintech

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.
Read Less

• Fintech

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.
Read Less

• Fintech

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.
Read Less

• Fintech

Cairo-based investment platform, Thndr raised $15.7 million in a funding round led by Prosus, with participati ..Read More

Cairo-based investment platform, Thndr raised $15.7 million in a funding round led by Prosus, with participation from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris, bringing its total funding to $37.76 million. The capital was earmarked to drive Thndr’s regional expansion, particularly into the UAE and Saudi Arabia, following its licensing and service rollout in the UAE via ADGM’s FSRA.
Read Less

• Fintech

Tunisia-based fintech, Konnect Networks secured an undisclosed investment round led by Attijariwafa Ventures, ..Read More

Tunisia-based fintech, Konnect Networks secured an undisclosed investment round led by Attijariwafa Ventures, with participation from Utopia Capital Management, 54 Collective, Visa, Plug and Play Tech Center, Renew Capital, Digital Africa Ventures, and Sunny Side Venture Partners. The round aimed to fuel Konnect’s growth and innovation in the fintech sector. Previously, in late 2024, Konnect had also raised funding from Renew Capital.
Read Less

• Fintech

Egypt-based fintech, Money Fellows, raised $13 million in a strategic round co-led by Al Mada Ventures and DPI ..Read More

Egypt-based fintech, Money Fellows, raised $13 million in a strategic round co-led by Al Mada Ventures and DPI Venture Capital via the Nclude Fund, with backing from Partech, CommerzVentures, and others. The funding aimed to enhance its digital platform, expand into North Africa—especially Morocco—and grow its team. This followed a $31 million Series B first close in 2022, led by CommerzVentures and MEVP.
Read Less

• Fintech