Investments

Hakbah, the Saudi-based fintech savings platform, announces its successful closing of a US$2 million, pre-Series A, funding round. 

Sav, an innovator in the personal savings space, announced the successful closure of its pre-seed funding round, raising $750,000 in the capital.

Tenable, the Exposure Management company, announced Tenable Ventures, a corporate investment program.

Astra Tech (Astra), a UAE-born consumer technology development and investment company, has announced that G42, the UAE's leading AI and cloud computing technology holding group, will be taking the role of Lead Investor in its latest funding round.

Sharjah Media City (Shams) has established a new venture builder called Shams Valley, Sham valley is being launched in cooperation with UAE-based venture-building studio Grow Valley

Silkhaus, is betting big on technology and the growing demand for short-term rentals (STR) to disrupt and transform the region's real estate sector

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.

Decline in MENA startups seems to continue even with raising $173 million across 51 deals in the month of September. The MoM decline in investment value is about 54% while it's almost a 50% drop when compared to the same time the previous year.