UAE-based fintech, KLAIM, secured $10 million in a Series A equity funding round led by Mad’a Investments, w ..Read More

UAE-based fintech, KLAIM, secured $10 million in a Series A equity funding round led by Mad’a Investments, with participation from CDG Invest, alongside an additional $16 million from Tharawat Tuwaiq Financial Company. Previously, KLAIM raised $5 million in its 2022 seed round from Knuru Capital. The investment will support its expansion, technological advancements, and partnerships with financial institutions and healthcare providers.
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PayTabs Group acquired a 51% stake in PayTabs Egypt from EFG Finance, a subsidiary of EFG Holding. The transac ..Read More

PayTabs Group acquired a 51% stake in PayTabs Egypt from EFG Finance, a subsidiary of EFG Holding. The transaction aligns with PayTabs' strategy to drive digital transformation and financial inclusion in Egypt. This acquisition strengthens its market position, enabling merchants to expand and enhancing secure payment solutions for consumers.
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UAE-based fintech, BILRS, secured an undisclosed funding round from Salica Spring Studios, backed by Al-Waha F ..Read More

UAE-based fintech, BILRS, secured an undisclosed funding round from Salica Spring Studios, backed by Al-Waha Fund of Funds. This investment will support BILRS in scaling operations, enhancing technology, and expanding its global reach.
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Egypt-based fintech giant, Fawry, invested in Egypt-based fintech, Code Zone, acquiring a 51.0% stake to suppo ..Read More

Egypt-based fintech giant, Fawry, invested in Egypt-based fintech, Code Zone, acquiring a 51.0% stake to support its expansion in digital business solutions. The investment is part of a broader $1.6 million funding initiative aimed at strengthening Fawry’s position in Egypt’s fintech sector.
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Egypt-based leading fintech platform, Fawry, acquired a 56.6% equity stake in Egypt-based fintech, Virtual CFO ..Read More

Egypt-based leading fintech platform, Fawry, acquired a 56.6% equity stake in Egypt-based fintech, Virtual CFO as part of a $1.6 million investment across three fintech firms. The move aligns with Fawry’s efforts to enhance its digital financial solutions and strengthen its “Fawry Business” ecosystem.
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Egypt-based fintech, Fawry, has invested in Egypt-based fintech, Dirac Systems, acquiring a 51.0% equity stake ..Read More

Egypt-based fintech, Fawry, has invested in Egypt-based fintech, Dirac Systems, acquiring a 51.0% equity stake. The investment is part of Fawry’s strategy to expand its business solutions ecosystem, “Fawry Business.” Founded in 2008, Fawry is Egypt’s largest e-payment platform, offering electronic bill payments, mobile top-ups, and digital financial services.
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UAE-based fintech, Flow48, secured $69 million in a Series A funding round, comprising a mix of debt and equit ..Read More

UAE-based fintech, Flow48, secured $69 million in a Series A funding round, comprising a mix of debt and equity. Led by Breega, the round saw participation from 212, Speedinvest, Daphni, Endeavor Catalyst, Evolution Ventures, and Plus VC. The investment aimed to support Flow48’s expansion in Saudi Arabia and the UAE. Previously, in November 2023, the company raised $25 million in a pre-Series A round.
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Egypt-based fintech, Basata, increased its stake in Jordan-based fintech, MadfoatCom, to 25%, further strength ..Read More

Egypt-based fintech, Basata, increased its stake in Jordan-based fintech, MadfoatCom, to 25%, further strengthening its presence in the digital payments sector. The acquisition aimed to enhance financial inclusion and improve Jordan’s digital payments infrastructure. Basata, founded in 2009 after the merger of Masary and Bee, specializes in e-payments, while MadfoatCom, founded in 2011, provides an online bill presentment and payment system.
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