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Startups

Fintech

+4

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
Jamie Lane

Fintech

+4

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
Jamie Lane

Fintech

+5

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
Jamie Lane

Fintech

+4

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
Jamie Lane

SaaS

+5

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
Jamie Lane

Fintech

+5

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
Jamie Lane

Fintech

+3

Alaan gets in-principle UAE approval for SVF and payments licences as it pushes into business banking

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.

Jamie Lane
Jamie Lane

Startups

+4

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
Jamie Lane

Startups

+4

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
Jamie Lane

Startups

+4

Adam Neumann’s Flow enters UAE with DIFC licence, targets first openings in early 2027

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.

Jamie Lane
Jamie Lane

SaaS

+4

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
Jamie Lane

SaaS

+4

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
Jamie Lane

Startups

+4

Builder.ai founder Sachin Dev Duggal launches Dubai-based SeKondBrain after unicorn collapse

Aug 28, 2026

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4 min read

Builder.ai founder Sachin Dev Duggal launches Dubai-based SeKondBrain after unicorn collapse

New venture marks the return of the Builder.ai founder 15 months after the QIA-backed startup entered insolvency, with an initial product designed to carry memory between competing AI models

Jamie Lane
Jamie Lane

Public Markets

+4

Swvl secures $13M investment led by Sawiris-backed Coefficient as it targets US expansion

Aug 25, 2026

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2 min read

Swvl secures $13M investment led by Sawiris-backed Coefficient as it targets US expansion

The financing will support the company’s US expansion and comes four months after it resolved its latest Nasdaq listing deficiency.

Jamie Lane
Jamie Lane

Fintech

+6

Dubai-based Fasset raises $68M Series C at $1B valuation, only 3 months after previous round

Aug 24, 2026

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1 min read

Dubai-based Fasset raises $68M Series C at $1B valuation, only 3 months after previous round

Annualised transaction volume has passed $40 billion across 125 countries, according to Fasset, up from $32 billion when it announced its Series B in May.

Jamie Lane
Jamie Lane

Startups

+3

Saudi's Rime raises $2M+ seed to run AI agents on-site for retail chains

Aug 4, 2026

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1 min read

Saudi's Rime raises $2M+ seed to run AI agents on-site for retail chains

Seedra Ventures led again after backing the pre-Seed, in a round joined by Athlah Investment and Unity Invest Partners, behind a platform that runs decisions on-site through edge computing rather than sending footage to remote data centres.

Jamie Lane
Jamie Lane

Public Markets

+4

Abhi Microfinance Bank plans $11M Karachi listing, offering 14% in new shares

Jul 31, 2026

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2 min read

Abhi Microfinance Bank plans $11M Karachi listing, offering 14% in new shares

The lender, formerly FINCA Microfinance Bank, was acquired by Pakistani fintech group Abhi 18 months ago and swung from a Rs1.75 billion ($6.3 million) annual loss to its most profitable year on record.

Jamie Lane
Jamie Lane

Fintech

+4

Revolut wins in-principle approval from Dubai's VARA to offer crypto services in the UAE

Jul 17, 2026

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1 min read

Revolut wins in-principle approval from Dubai's VARA to offer crypto services in the UAE

The Virtual Assets Regulatory Authority approval covers broker-dealer, exchange, and management and investment services, and lands a month after Revolut completed its Central Bank licensing for payments, stacking a second regulatory pillar under a UAE launch that has yet to be given a date.

Jamie Lane
Jamie Lane

Startups

+3

Amazon brings 20-minute delivery to Egypt, opening a new front in the country's quick commerce race

Jul 10, 2026

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2 min read

Amazon brings 20-minute delivery to Egypt, opening a new front in the country's quick commerce race

Amazon Now has gone live in select areas of Cairo, Giza, Alexandria and the North Coast, making Egypt the third market in the region to get the service after the UAE and Saudi Arabia.

Jamie Lane
Jamie Lane

China

+4

Abu Dhabi's BlueFive co-leads $3B round for China's Kling AI, the largest raise ever for a video model company

Jul 10, 2026

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2 min read

Abu Dhabi's BlueFive co-leads $3B round for China's Kling AI, the largest raise ever for a video model company

The round values Kuaishou's spun-out video-generation unit at $18B ahead of a planned Hong Kong listing, and puts the Abu Dhabi asset manager alongside Tencent, CITIC Securities and CPE as the only Middle East-based name among the co-leads of a record Chinese AI financing.

Jamie Lane
Jamie Lane

Startups

+3

Keyper raises $11M Series A to expand monthly rent payments in the UAE

Jul 9, 2026

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1 min read

Keyper raises $11M Series A to expand monthly rent payments in the UAE

Led by Speedinvest with Mashreq's NeoVentures, Dubai Future District Fund, Property Finder and Arab National Bank participating, the platform has financed more than $44 million in rent since launch.

Jamie Lane
Jamie Lane

Agritech

+3

Maalexi raises $2.8M led by Saudi insurer Tawuniya as it builds a tokenised agricultural exchange

Jul 3, 2026

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1 min read

Maalexi raises $2.8M led by Saudi insurer Tawuniya as it builds a tokenised agricultural exchange

The oversubscribed round brings the Tadawul-listed insurer onto the cap table of the UAE agri-fintech alongside returning lead Global Ventures, as Maalexi positions for a Series A and layers a regulated real-world asset exchange on top of its trade-verification platform.

Jamie Lane
Jamie Lane

Fintech

+3

Tabby secures consumer and SME finance licences from SAMA, opening up larger purchases and working capital

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.

Jamie Lane
Jamie Lane

Startups

+3

1001 raises $30M Series A led by Lux Capital to build sovereign AI for Gulf critical infrastructure

Jun 30, 2026

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3 min read

1001 raises $30M Series A led by Lux Capital to build sovereign AI for Gulf critical infrastructure

Eight months after its $9 million seed, 1001 has more than tripled its raise, backing its pitch to build AI that helps operators run critical infrastructure like airports, ports and energy grids.

Jamie Lane
Jamie Lane

Oman

+4

Oman's Phaze Ventures backs Metal, the AI fundraising startup from Airlift founder Usman Gul

Jun 23, 2026

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2 min read

Oman's Phaze Ventures backs Metal, the AI fundraising startup from Airlift founder Usman Gul

Metal sells software to help founders run the fundraising process, built by Usman Gul, whose previous company, the grocery-delivery startup Airlift, raised Pakistan's largest-ever round before collapsing in 2022.

Jamie Lane
Jamie Lane
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