Jordan
+4
Jul 10, 2026
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1 min read
Jordan's ISSF partners with STV to bring the Google-backed AI Fund to Jordanian founders
The tie-up marks ISSF's second fund partnership in a month after its $7 million commitment to Endeavor Catalyst V opened the Kingdom's second investment phase.
Fintech
+3
Jul 3, 2026
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1 min read
Beehive completes majority acquisition of Saudi debt crowdfunding platform Themar
The deal makes the Dubai-born SME lender the first digital SME financing platform regulated across the UAE, Oman and Saudi Arabia, converting a Saudi presence run through banking partnerships since 2020 into a fully regulated operation. Terms were not disclosed.
Fintech
+3
Jun 30, 2026
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2 min read
Tabby secures consumer and SME finance licences from SAMA, opening up larger purchases and working capital
The two SAMA licences let Tabby offer Saudi customers longer instalment plans of up to SAR 50,000 on bigger-ticket purchases alongside its existing four-payment product, and extend working capital to the retailers on its platform.
Foodtech
+3
Jun 22, 2026
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1 min read
Saudi's Foodics completes full acquisition of Greek AI startup Norma
The Norma team now joins a dedicated Foodics AI division, with its analytics agent and business intelligence application folded into the core product.
Fintech
+4
Jun 12, 2026
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2 min read
Egypt's Thndr receives initial approval for Saudi brokerage licence, targets Q1 2027 launch
The Saudi push comes as the EGX ranked Thndr the largest of its 120 brokerages by value traded in the first four months of 2026, with a 12.9% market share and $1 billion in assets under custody across its products.
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.
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 8, 2026
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1 min read
Saudi early-stage VC Khwarizmi Ventures closes Fund II first close at $70M
Fund II will invest $1 million to $5 million initial cheques into seed and Series A startups across the GCC, up from the $500,000 to $2 million range in Fund I.
Jordan
+5
May 7, 2026
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1 min read
Careem makes sweeping layoffs across multiple markets, closes Berlin office
The cuts span the UAE, Jordan, Egypt, Pakistan and Germany, with Careem yet to publicly acknowledge them.
