Startups

September 27, 2023

Cypherleak Raises $750K for MEA Cyber Risk Expansion

Abu Dhabi-based startup Cypherleak, a trailblazing cyber risk monitoring and scoring company, has successfully closed a seed funding round, securing an impressive $750,000 from investors hailing from Abu Dhabi, Morocco, and Qatar.
by News Desk | 3 min read
November 23, 2022

African startups are weathering the funding storm with acquisitions

According to a new report from TechCabal Insights, Africa's digital economy consultancy, acquisitions have become more common in Africa's tech ecosystem, indicating a maturing market.
by News Desk | 2 min read
November 1, 2022

Money Fellows to expand services to Africa and Asia

Money Fellows, an Egyptian fintech business, announced that it has received $31 million to extend its service offerings and grow across Africa and Asia. Led by Germany's CommerzVentures, Middle East Venture Partners and Kuwait's Arzan Venture Capital, this was the company’s fourth funding round since 2018.
by News Desk | 2 min read
October 19, 2022

Kenzz, Egypt’s mass e-commerce solution, raises $3.5 million in seed funding

Kenzz, the mass e-commerce solution bringing trustworthy online shopping to the masses in Egypt and the Middle East, has announced the completion of a US$3.5 million seed fundraiser.
by News Desk | 2 min read
September 29, 2022

Tabby, Paymob partner to boost retailers’ growth in Egypt

Tabby, the Middle East's leading payments and shopping app, and Paymob, the leading omni-channel payments facilitator in MENAP, have announced a partnership to fuel growth for Egyptian retailers by allowing businesses across Paymob's network to benefit from Tabby's split-in-four, interest-free payment solution via Paymob's gateway. Tabby and Paymob work together to provide a seamless Buy Now Pay Later solution for both in-store and online retailers.
by News Desk | 2 min read
September 28, 2022

Swimlane expands into Middle East, Turkey and Africa

Swimlane, a low-code security automation company, announced the appointment of Ashraf Sheet as vice president of the Middle East, Turkey, and Africa (META). Sheet will capitalize on the region's growing demand for Swimlane security automation by accelerating the company's go-to-market and channel expansion plans.
by News Desk | 2 min read
August 12, 2022

Egypt’s BONBELL seeks $10 million in seed funding after closing a $350,000 round

Egypt's startup BONBELL, the first mobile App in the Food-tech industry specialized in food ordering, digital solutions for table and meal reservations, has raised $350,000 from a Canadian Angel investor to help further develop the App services and achieve a level of growth in terms of user count and daily orders.
by News Desk | 2 min read
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