UAE-based fintech, Nymcard, raised $33M in a Series B funding round led by QED Investors, with participation f ..Read More

UAE-based fintech, Nymcard, raised $33M in a Series B funding round led by QED Investors, with participation from Lunate, DFDF, Mashreq Bank, Knollwood, and others. This investment aims to strengthen NymCard’s payment infrastructure and expand its presence across 10+ MENA markets. Previously, NymCard secured $22.5 million in a 2022 venture round led by DisruptAD and Reciprocal Ventures.
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• Fintech

UAE-based ORO Labs, a tokenised gold platform, raised $1.5M in a pre-seed funding round led by 468 Capital, wi ..Read More

UAE-based ORO Labs, a tokenised gold platform, raised $1.5M in a pre-seed funding round led by 468 Capital, with participation from Fasset and angel investors. The investment will enable ORO to expand its product offerings and strengthen its integrations across both decentralised and traditional finance.
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Kuwait-based autotech/fintech startup, Motery, secured a seed funding round at an $8 million valuation for an ..Read More

Kuwait-based autotech/fintech startup, Motery, secured a seed funding round at an $8 million valuation for an undisclosed amount. The investment will support Motery’s expansion as a one-stop platform for online car buying and financing. Founded in 2029 by Mohammad Al Abdulsalam and Abdulla Al Ateeqi, the startup simplifies vehicle purchases with flexible financing solutions tailored to customer needs.
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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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• Fintech

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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• Fintech

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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• Fintech

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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• Fintech