Latest
Fintech
+3
May 15, 2026
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2 min read
Tamara Q1 2026 revenue triples as Islamic financing line scales to 27% of revenue
The Riyadh-headquartered BNPL lender's loan book grew 33%, its Goldman/Citi/Apollo funding facility was upsized to SAR 5.8 billion, and accumulated losses flipped into positive retained earnings for the first time.
Fintech
+3
May 15, 2026
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3 min read
Tabby's Saudi unit Q1 profit growth lags 34% revenue rise as in-house build-out bites
The Riyadh-headquartered BNPL lender's loan book crossed $1 billion for the first time, but operating expenses jumped 73% and net debt remains above the SAMA-prescribed ceiling.
Deeptech
+3
May 15, 2026
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1 min read
Qatar Foundation's QSTP launches $30M deep tech venture fund
The fund's inaugural cohort of co-investment partners includes Global Ventures, Golden Gate Ventures, White Star Capital, VentureSouq and Builders VC, which is part of QIA's Fund of Funds programme.
Startups
+4
May 15, 2026
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1 min read
Saudi-based Aumet raises $12M Series A led by Emkan Capital to scale AI procurement platform
The platform processes over $1B in GMV annually, connecting over 12,000 pharmacies across Jordan, Egypt and Saudi Arabia with more than 1,000 pharmaceutical suppliers.
Startups
+4
May 15, 2026
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1 min read
TruKKer secures up to $300M facility from ADCB as digital freight network unlocks institutional bank financing
Founded in 2016 by Gaurav Biswas, TruKKer connects more than 60,000 transporters with over 1,200 enterprise clients across 40 countries.
Fintech
+4
May 15, 2026
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1 min read
Stream raises $5.2M seed extension led by BECO Capital, bringing total seed funding to $9.2M in under six months
The fintech company builds billing and payments infrastructure that consolidates invoicing, recurring payments, reconciliation and cash flow tracking into a single platform.
Fintech
+4
May 14, 2026
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1 min read
Saudi fintech Stitch raises $25M Series A led by Andreessen Horowitz in the firm's first GCC investment
The round brings Stitch's total funding to $35 million as the Riyadh-based financial infrastructure platform reports $5 billion transacted in the past six months.
Startups
+4
May 12, 2026
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2 min read
Exclusive: Egyptian grocery delivery startup Breadfast cuts 58 tech staff months after $50M raise
The cuts come 12 weeks after backing from Mubadala, the Olayan family, Y Combinator and the IFC.
Morocco
+5
May 8, 2026
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1 min read
Moroccan founders raise $5.5m pre-seed from Heartcore and Balderton for AI platform compressing real estate development timelines
Founded by Mehdi Rais and Amine Chraibi, who met through Entrepreneur First's Bridge programme in Germany and became one of the fastest teams in EF's history to receive IC approval.
