Funding

Fintech

Egypt’s Enza raises $6M seed extension to expand African payments business

Nov 5, 2026

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1 min read

Egypt’s Enza raises $6M seed extension to expand African payments business

4DX Ventures leads seed extension alongside British International Investment, with original backers Quona Capital and Algebra Ventures investing again.

Jamie Lane

SaaS

Journify raises $12M Series A to take its advertising data platform into the US and Europe

Nov 4, 2026

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2 min read

Journify raises $12M Series A to take its advertising data platform into the US and Europe

Al Mada Ventures leads the Series A, with returning co-lead Silicon Badia reporting more than fivefold revenue growth since its initial investment.

Jamie Lane

Startups

Oct 20, 2026

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1 min read

CapQuest raises $1M pre-seed to help startups manage ownership and employee equity

Oraseya Capital and AMKM Family Office led the round for the Dubai-based company, whose customers span 11 countries.

Jamie Lane

Fintech

Oct 20, 2026

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1 min read

Saudi fintech Vrtx raises $3.6M pre-seed to help businesses launch wallets and cards

Founded by former Tweeq colleagues, the fintech has backing from Standard Chartered’s SC Ventures and preliminary SAMA approval for an electronic money licence.

Jamie Lane

Startups

Nabta Health adds PVP backing to $3M pre-Series A as it expands into employer healthcare

Oct 19, 2026

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2 min read

Nabta Health adds PVP backing to $3M pre-Series A as it expands into employer healthcare

Phoenix Venture Partners led the second close of the UAE healthcare company’s ongoing $3 million pre-Series A, combining fresh funding with purchases of existing shares.

Jamie Lane

SaaS

Saudi auto-parts platform Autobia raises $12M Series A led by Artal Capital

Oct 11, 2026

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1 min read

Saudi auto-parts platform Autobia raises $12M Series A led by Artal Capital

The company connects spare-parts retailers and repair shops with wholesalers, and has added instalment products covering both merchants’ stock purchases and their customers’ payments.

Jamie Lane

Startups

Abu Dhabi’s Phoenix Venture Partners backs COFE Tech through secondary deal as it prepares for Saudi IPO

Oct 9, 2026

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1 min read

Abu Dhabi’s Phoenix Venture Partners backs COFE Tech through secondary deal as it prepares for Saudi IPO

The purchase preceded COFE’s $43 million pre-IPO round, with PVP founder Steve Khayat joining the board.

Jamie Lane

E-Commerce

Sep 28, 2026

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2 min read

AÏZA parent Amaani raises $5M Series A led by BECO to expand beauty brand across the GCC

The Dubai-based company says its skincare and haircare brand grew net revenue more than ninefold in the first half of 2026, with Saudi retail launches this month and Kuwait and Qatar to follow.

Jamie Lane

Fintech

erad raises $22M Series A led by MEVP as SME financing reaches $133M

Sep 28, 2026

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2 min read

erad raises $22M Series A led by MEVP as SME financing reaches $133M

The Riyadh-based fintech has received more than $1 billion in financing requests and is expanding into logistics, manufacturing and wholesale after reporting eightfold annual growth in Saudi Arabia.

Jamie Lane

Fintech

Paymob raises $35M pre-Series C co-led by Mubadala and EBRD as GCC nears half of revenue

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.

Jamie Lane

Fintech

OCTA raises $3.5M seed led by MEVP as it expands into AI agents for accounting firms

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.

Jamie Lane

Fintech

Tabby raises $233M Series F at $6.5B valuation as it pushes beyond BNPL

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.

Jamie Lane

Fintech

Tarabut secures $50M from Saudi banks and business groups as it deepens Kingdom focus

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.

Jamie Lane

SaaS

Keep Converting raises $2M pre-seed led by Nuwa Capital and COTU Ventures

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.

Jamie Lane

SaaS

Saudi used-car platform Carly takes Pinnacle investment in primary-secondary deal

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.

Jamie Lane

Saudi Arabia

Gaia raises $1.5M led by SEEDRA to build sovereign AI layer for Saudi enterprises

Sep 8, 2026

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1 min read

Gaia raises $1.5M led by SEEDRA to build sovereign AI layer for Saudi enterprises

The Riyadh startup is building a permission-aware search, assistant and AI agent layer across companies’ internal systems, with data kept inside Saudi or deployed on-premise.

Jamie Lane

Fintech

Sav raises $3.5M pre-Series A led by Phoenix Venture Partners for Saudi expansion

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.

Jamie Lane

Startups

Sirdab raises $10M Series A from Elm and BECO to expand Saudi logistics platform across GCC

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.

Jamie Lane

Startups

ZenHR raises $6M bridge round led by Impact46 to expand AI products and EWA

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.

Jamie Lane

Fintech

FlyAkeed raises $25.2M across Sanabil-led equity round and Artal sukuk

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.

Jamie Lane

Fintech

Saudi SME lending startup Abwab.ai raises $4M led by Speedinvest and MEVP

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.

Jamie Lane

Foodtech

COFE closes $43M pre-IPO round at $178M valuation, targets Saudi listing by 2029

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.

Jamie Lane

SaaS

Usman Gul’s Metal raises $4.5M seed backed by a16z, YC and Phaze Ventures

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.

Jamie Lane

SaaS

Dubai's Enhance raises $18.2M from Global Ventures and Stride Ventures to expand personal training OS in the US

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.

Jamie Lane

Saudi Arabia

HUMAIN invests in Arabic.AI and Tarjama to expand Saudi enterprise AI offering

Sep 1, 2026

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1 min read

HUMAIN invests in Arabic.AI and Tarjama to expand Saudi enterprise AI offering

Undisclosed investment brings Nour Al Hassan’s Arabic language technology business into the PIF-backed AI group’s growing application stack.

Jamie Lane