Saudi B2B fintech Mala secures $7 million pre-Seed News • 21 October, 2024 Edit Arabic Saudi Arabia-based fintech Mala has closed a $7 million pre-Seed funding round, led by VentureSouq and Shorooq Partners, as well as M Capital, BECO Capital, Access Bridge Ventures, Waad Investment, Palm Ventures, and Silicon Valley-based fund D Global Ventures […]
Tag: Saudi Arabia
HALA Payments joins Saudi Unicorns Programme
Saudi Arabia-based fintech HALA Payments has been selected to join the Saudi Unicorns Programme. Through the Saudi Unicorns Programme, HALA will benefit from opportunities to attract top talent, access new markets, and build strategic partnerships with government entities and global leaders in the fintech space. Founded in 2018 by Esam Alnahdi and […]
Tawaref series: A step-by-step guide to Saudi Iqama process
Throughout this article series, we have discussed several key processes a foreign investor who dreams of opening a business in Saudi Arabia must undergo. After financial planning, securing an investment licence, and company formation, the next essential move is ensuring you have the proper permissions to live and work in the Kingdom. In this article, […]
JARAS Hospitality secures $666,000 pre-Seed
JARAS Hospitality secures $666,000 pre-Seed News • 16 October, 2024 Edit Arabic Saudi Arabia-based JARAS Hospitality has closed a $666,000 pre-Seed, led by undisclosed angel investors. Founded in 2023 by Ahmed Al Zubaidi, JARAS offers integrated hospitality management solutions to manage bookings and improve guest experiences. The team plans to use the […]
SVC pledges $15 million to Vision Ventures’ Saqr Fund II
SVC pledges $15 million to Vision Ventures’ Saqr Fund II News • 16 October, 2024 Edit Saudi Venture Capital (SVC) has invested $15 million in Vision Ventures’ Saqr Fund II venture capital fund. Saqr Fund II, with a $90 million target, will invest in Saudi Arabia and the MENA region’s early-stage firms ranging […]
SWVL joins Saudi Arabia’s regional headquarters scheme
SWVL joins Saudi Arabia’s regional headquarters scheme News • 15 October, 2024 Edit The mobility giant Swvl has joined Saudi Arabia’s Regional Headquarters (RHQ) Programme and launched its HQ in the Saudi capital of Riyadh. This move supports the company’s long-term growth and profitability plans in the GCC by leveraging the programme’s benefits […]
Jetapult pumps $4.5 million in Saudi game studio UMX
Jetapult pumps $4.5 million in Saudi game studio UMX News • 15 October, 2024 Edit Saudi Arabia-based game studio UMX has raised $4.5 million from Jetapult, an investment company backed by Accel Partners. As part of the transaction, Jetapult, an India-based investment company in the gaming landscape, will acquire a significant stake in […]
Tawaref acquires Amaana.ai to bolster AI-driven solutions for MENA tech community
Tawaref acquires Amaana.ai to bolster AI-driven solutions for MENA tech community News • 15 October, 2024 Edit Arabic Saudi Arabia-based investment community Tawaref has acquired Amaana.ai, a Saudi company facilitating business entry into Saudi Arabia, for an undisclosed value. Founded in 2020 by Saeed Al Ansari, Tawaref is a tech investment community that […]
Egypt’s WellPal relocates to Saudi Arabia with fresh funding in hand
Egypt’s WellPal relocates to Saudi Arabia with fresh funding in hand News • 14 October, 2024 Edit Egyptian e-commerce platform for health products, WellPal, has relocated to Saudi Arabia after securing an undisclosed investment round from an angel investor. Founded in 2019 by Mohamed Ali and Mohamed Tantawy, WellPal, a Flat6Labs portfolio company, […]
Saudi edtech AILA closes $1.15 million pre-Seed round
Saudi edtech AILA closes $1.15 million pre-Seed round News • 14 October, 2024 Edit Saudi Arabia-based edtech startup AILA has closed a $1.15 million pre-seed funding round, led by Sabah Hub with the participation of White Hill Capital and 3 other angel investors from Saudi Arabia. Founded in 2023 by Yousef Alsayed, Abdulaziz […]