Startups
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StartupsMoroccan Tookeez Secures $1.5 Million Funding Round
Tookeez is a pioneer in loyalty technology, having recently announced the closure of a $1.5 million funding round. This achievement…
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StartupsIntroducing Thmanyah Hosting: The Latest Addition to Thmanyah’s Content Creation Ecosystem
Riyadh — Thmanyah, the media tech company and leading Arabic podcast network in the Middle East and North Africa, has…
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StartupsSVC announces its investment of $30 million in the Olive Rock Partners fund to finance small and medium enterprises
Investments in private equity funds are considered one of the primary means of economic development in the Kingdom of Saudi…
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FinTechStartupsMitgo Group acquires Embedded, a financial platform based in the UAE
MarTech giant Mitgo Group is launching a new cutting-edge business division – fintech services for affiliate Mitgo Group, a leading…
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FinTechStartupsORA Technologies in Morocco Secures $1.5 Million in Seed Funding
ORA Technologies, a promising startup, has successfully secured $1.5 million in Seed funding from Moroccan entrepreneurs, demonstrating their strong belief…
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FinTechStartupsTravel technology startup Seeru concludes undisclosed pre-seed funding round
Seeru.ae, a trailblazing traveltech startup, has announced the successful completion of its pre-seed funding round, led by Nabtah Ventures, a…
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StartupsSaudi Research Development and Innovation Authority (RDIA) and Gulf Capital sign US$100 million investment partnership to support the Saudi technology and innovation sector
(Riyadh/Abu Dhabi, 13 March, 2024) – Gulf Capital announced today that it has signed an agreement with the Saudi Research…
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StartupsZetta Technologies has successfully closed a pre-seed investment round led by Corevision Investments worth 5.6 million SAR, equivalent to 1.5 million USD. Commenting on the deal’s success, Zettatech’s CEO, Badria Masrihi, stated that the funding marks a new chapter in their journey towards growth and innovation. She noted that this is Corevision’s first step into the hardware-as-a-service (HaaS) sector, with Zettatech taking a unique approach as a DaaS (Device as a Service) provider, focusing on maximizing customer liquidity. Zettatech is committed to providing flexible repayment plans for institutions and companies of all sizes, enabling them to maximize the use of their devices without the need for significant upfront investments in hardware, software, and infrastructure. Monthly or quarterly fees are paid to access the latest devices and technologies without concerns about consumption or the costs associated with device ownership and management, according to Masrihi. She explained that the strategic partnership with Corevision reflects confidence in their company’s vision and capabilities to succeed in the DaaS market. Masrihi also revealed their intention to plan additional agreements to enhance service delivery in the best possible ways. Meanwhile, Faisal Al-Abdulsalam, CEO and founder of Corevision Investments, stated that the agreement with Zetta supports Saudi Arabia’s direction towards activating its 2030 strategic vision in business. Al-Abdulsalam praised Saudi youth innovation and the company’s commitment to supporting entrepreneurial thinking and encouraging innovation in promising market sectors.
Zetta Technologies has successfully closed a pre-seed investment round led by Corevision Investments worth 5.6 million SAR, equivalent to 1.5…
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StartupsOman’s BidBid Technologies Partners with The Consultation Center for Saudi Market Entry
The Consultation Center Office, a prominent supporter of small and medium-sized enterprises (SMEs), has signed today a Memorandum of Understanding…
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StartupsBolttech Extends Its Reach to the Middle East by Collaborating with stc Group
Bolttech, a global insurtech enterprise, has entered into a collaboration with STC Group, a leading figure in the telecommunications and…
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