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.
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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.
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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.
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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.
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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.
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UAE-based crypto startup Resolv Labs raised $10 million in a seed round led by Cyber.Fund and Maven11, with pa ..Read More

UAE-based crypto startup Resolv Labs raised $10 million in a seed round led by Cyber.Fund and Maven11, with participation from Coinbase Ventures, SCB Limited, Arrington Capital, Animoca Ventures, Gumi Cryptos, NoLimit Holdings, and Robot Ventures. Founded in 2023, Resolv Labs offers True-Delta Neutral Architecture for low-risk crypto investments. The funding was intended to expand delta-neutral strategies and integrate with institutional digital asset managers.
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UAE-based non-custodial payments app, COCA, secured an undisclosed investment from the Stellar Development Fou ..Read More

UAE-based non-custodial payments app, COCA, secured an undisclosed investment from the Stellar Development Foundation (SDF) and FunFair Ventures. The funding will support COCA in scaling its operations and expanding its platform.
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UK-based Development Partners International (DPI), an Africa-focused PE firm, took over management of Egypt-ba ..Read More

UK-based Development Partners International (DPI), an Africa-focused PE firm, took over management of Egypt-based fintech fund Nclude from Global Ventures. Nclude, launched in 2022 with $110M anchored by Banque Misr, had deployed $28M across nine startups including Partment, Khazna, and Paymob. DPI, having invested nearly $850M in Egypt over the past decade, will advise the fund via a dedicated local team.
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