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

Saudi Arabia-based fintech, Nqoodlet, raised $3 million in a seed round led by Waad Investments, with particip ..Read More

Saudi Arabia-based fintech, Nqoodlet, raised $3 million in a seed round led by Waad Investments, with participation from OmanTel, 500 Sanabil Investment, Oqal, Seed Holding, and others. The funding followed a $1 million pre-seed round closed in late 2021. The capital was intended to scale banking infrastructure, introduce open banking features, expand the team, and strengthen partnerships across the SME financial ecosystem in the region.
Read Less

• Fintech

UAE-based fintech, Fuze raised $12.2 million in a Series A round led by Galaxy and e& capital, with participat ..Read More

UAE-based fintech, Fuze raised $12.2 million in a Series A round led by Galaxy and e& capital, with participation from Further Ventures. The funding was intended to support Fuze’s global and regional expansion, product development, and team growth. Founded in 2023, Fuze enables regulated crypto and stablecoin adoption and has already processed over $2 billion in digital asset volume.
Read Less

• Fintech

Saudi Arabia-based fintech, erad secured $16 million in a pre-Series A funding round backed by Y Combinator, N ..Read More

Saudi Arabia-based fintech, erad secured $16 million in a pre-Series A funding round backed by Y Combinator, Nuwa Capital, Khwarizmi Ventures, Aljazira Capital, VentureSouq, Oraseya Capital, and Joa Capital. The round aimed to accelerate erad’s expansion, strengthen local hiring, and enhance its Shariah-compliant, data-driven SME financing platform. The company had earlier raised $2.4 million in a pre-seed round in 2022.
Read Less

• Fintech

Saudi Arabia-based subscription management platform Techrar secured $1.6 million in funding, led by Aramco’s ..Read More

Saudi Arabia-based subscription management platform Techrar secured $1.6 million in funding, led by Aramco’s VC arm, Wa’ed Ventures. Founded in 2022 by Safwan Saigh, Fawzan Alkhlawi, and Rania Shaker, Techrar provides tools for managing subscriptions, memberships, and recurring billing. The capital was allocated to support team expansion, enhance product development, and drive customer acquisition across the region.
Read Less

• Fintech
• SaaS

UAE-based fintech, Zest Equity raised $4.3 million in a pre-Series A round led by Prosus Ventures, with partic ..Read More

UAE-based fintech, Zest Equity raised $4.3 million in a pre-Series A round led by Prosus Ventures, with participation from Morgan Stanley Inclusive and Sustainable Ventures. The capital followed a $3.8 million seed round closed in October 2023. The latest funding aimed to expand Zest’s footprint in KSA and UAE, strengthen its team, enhance its product offerings, and scale its technology infrastructure.
Read Less

• Fintech