News
Fintech
+4
Sep 21, 2026
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2 min read
Paymob raises $35M pre-Series C co-led by Mubadala and EBRD as GCC nears half of revenue
The Egyptian payments company has grown GCC revenue sevenfold in 18 months, with Abu Dhabi sovereign investor Mubadala joining its cap table as Paymob increasingly shifts its growth towards the Gulf.
Fintech
+4
Sep 17, 2026
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2 min read
OCTA raises $3.5M seed led by MEVP as it expands into AI agents for accounting firms
The round brings OCTA’s total funding to $5.6M, as the startup expands from receivables and payables into AI agents that handle bookkeeping, reconciliations and month-end close.
Fintech
+5
Sep 14, 2026
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2 min read
Tabby raises $233M Series F at $6.5B valuation as it pushes beyond BNPL
The round comes as new Saudi lending licences and a UAE wallet licence expand it into longer-term credit, SME finance and everyday money management.
Fintech
+4
Sep 14, 2026
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2 min read
Tarabut secures $50M from Saudi banks and business groups as it deepens Kingdom focus
Riyad Bank, SAB Invest’s X-Tech Fund and GIB Saudi Arabia are among the backers, three years after Tarabut’s $32 million Series A was itself raised to expand in Saudi.
News
+2
Sep 11, 2026
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2 min read
Egypt-born Kareem Amin’s Clay raises $115M Series D at $7.1B valuation
The New York GTM software company has more than doubled its valuation since its CapitalG-led Series C last year, with ARR now on pace to reach about $200 million this quarter.
News
+2
Sep 11, 2026
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2 min read
UAE leads $3B Boring Company round at $23B valuation as Musk expands tunnel plans beyond Dubai
The funding roughly quadruples the tunnelling company’s valuation since 2022 and comes with plans for more than 150km of additional underground infrastructure across the UAE.
SaaS
+5
Sep 10, 2026
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2 min read
Keep Converting raises $2M pre-seed led by Nuwa Capital and COTU Ventures
The UAE startup has emerged from stealth with an AI platform that generates and tests personalised product pages for individual ecommerce shoppers, claiming an average 64% conversion-rate lift across early deployments.
SaaS
+4
Sep 10, 2026
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1 min read
Saudi used-car platform Carly takes Pinnacle investment in primary-secondary deal
The undisclosed transaction is the first investment from Pinnacle’s new growth and secondaries fund, launched last month to back later-stage Saudi tech companies while providing liquidity to existing shareholders.
Fintech
+5
Sep 7, 2026
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2 min read
Sav raises $3.5M pre-Series A led by Phoenix Venture Partners for Saudi expansion
The UAE consumer fintech has broadened from a savings app into a regulated personal-finance platform spanning cards, investments and account aggregation, taking total funding to about $6 million.
Fintech
+3
Sep 7, 2026
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2 min read
PayTabs agrees $100M-plus deal for Amazon Payment Services’ MENA operations
The Saudi payments company will take over a business that began as PayFort before joining Amazon through its 2017 acquisition of Souq, creating a combined platform expected to process more than SAR 150 billion annually.
Fintech
+3
Sep 4, 2026
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1 min read
Alaan gets in-principle UAE approval for SVF and payments licences as it pushes into business banking
Final approval would allow the fintech to hold customer funds, issue corporate cards and run cross-border payments under its own CBUAE licences as it expands beyond spend management into business banking.
Startups
+4
Sep 3, 2026
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1 min read
Sirdab raises $10M Series A from Elm and BECO to expand Saudi logistics platform across GCC
The profitable Saudi logistics startup has grown revenue 20x since Y Combinator and now connects more than 850 businesses to a network of 120+ warehouses and 60+ transport providers.
Startups
+4
Sep 3, 2026
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2 min read
ZenHR raises $6M bridge round led by Impact46 to expand AI products and EWA
The Saudi HR software company is expanding its AI products and earned wage access offering across 11 markets in MENA, four years after raising a $10 million growth round.
Fintech
+3
Sep 3, 2026
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1 min read
FlyAkeed raises $25.2M across Sanabil-led equity round and Artal sukuk
The Saudi corporate travel platform is adding a deferred-payment layer to its software, with the new financing split between equity and Shariah-compliant debt.
Fintech
+3
Sep 3, 2026
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2 min read
Saudi SME lending startup Abwab.ai raises $4M led by Speedinvest and MEVP
The startup says its technology is used by more than 13 financial institutions and has processed over SAR 1 billion in SME loans.
Foodtech
+6
Sep 2, 2026
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2 min read
COFE closes $43M pre-IPO round at $178M valuation, targets Saudi listing by 2029
Wa’ed Ventures returns three years after leading its $15m Series B, as the Kuwait-born coffee-ordering app remakes itself into enterprise procurement and commerce software.
Startups
+4
Sep 2, 2026
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2 min read
Adam Neumann’s Flow enters UAE with DIFC licence, targets first openings in early 2027
a16z-backed residential operator plans communities in Dubai and Abu Dhabi as its portfolio grows to 8,500 homes under management or development.
SaaS
+4
Sep 2, 2026
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1 min read
Usman Gul’s Metal raises $4.5M seed backed by a16z, YC and Phaze Ventures
Round follows an earlier investment from Oman’s Phaze Ventures, with the fundraising software startup saying paying customers have raised more than $500M through its platform this year.
SaaS
+4
Sep 2, 2026
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2 min read
Dubai's Enhance raises $18.2M from Global Ventures and Stride Ventures to expand personal training OS in the US
Fitness software company, which bootstrapped before raising a $3m Series A in 2021, will use the equity and venture debt financing to expand across the world’s largest gym market.
