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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UAE-based fintech, Omnispay, secured $1.5 million in a seed funding round led by Mercatus Capital Pte. Ltd., w ..Read More

UAE-based fintech, Omnispay, secured $1.5 million in a seed funding round led by Mercatus Capital Pte. Ltd., with participation from regional and international investors. The investment aimed to support its growth and expansion. Founded in 2022 by Simanta Das, Vimal Kumar, and Praveen Kiran, Omnispay simplifies SME cash flow management through its all-in-one platform for collections, payments, and borrowing.
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UAE-based fintech, Blum, secured $5 million in a pre-seed and seed funding round led by gumi Cryptos Capital, ..Read More

UAE-based fintech, Blum, secured $5 million in a pre-seed and seed funding round led by gumi Cryptos Capital, Spartan, No Limit Holdings, YZi Labs, and OKX Ventures. The investment enabled Blum to enhance its infrastructure, improve trading functionalities, and expand its operations across multiple blockchain networks.
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Saudi Arabia-based fintech, Tabby, secured $160 million in a Series E financing round at a $3.3 billion valuat ..Read More

Saudi Arabia-based fintech, Tabby, secured $160 million in a Series E financing round at a $3.3 billion valuation. The round was led by Blue Pool Capital and Hassana Investment Company, with participation from STV and Wellington Management. This investment will accelerate Tabby’s expansion in financial services and support its planned IPO. Previously, in October 2023, Tabby closed its Series D round at $200 million.
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Saudi Arabia-based fintech, RasMal, secured $4.8 million in a pre-Series A investment round led by Syndicate E ..Read More

Saudi Arabia-based fintech, RasMal, secured $4.8 million in a pre-Series A investment round led by Syndicate Element Holding Group (SHG). The funding will support the company in introducing new tools and services to streamline fundraising processes and equity transfers. Founded in 2019, RasMal provides digital solutions for cap table management, fundraising, and investor relations
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Egypt-based fintech, Khazna, closed a $16 million pre-Series B funding round with participation from SANAD Fun ..Read More

Egypt-based fintech, Khazna, closed a $16 million pre-Series B funding round with participation from SANAD Fund for MSME, anb Seed Fund, Aljazira Capital, Khwarizmi Ventures, Nclude, ICU Ventures, Quona, Speedinvest, and Disruptech Ventures. This follows its $38 million Series A round in March 2022. The new funding positions Khazna to apply for a digital banking license in Egypt and expand into Saudi Arabia.
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