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Wamda

Wamda

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MENA startup ecosystem: founders, funding, and scaling.

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WafR Secures $4 Million Seed to Expand Last-Mile Financial Services in Morocco
News•Feb 23, 2026

WafR Secures $4 Million Seed to Expand Last-Mile Financial Services in Morocco

Moroccan fintech WafR closed an oversubscribed $4 million seed round co‑led by LoftyInc Capital, Attijariwafa Ventures and Almada Ventures. The startup, founded in 2021, already operates a network of nearly 20,000 corner stores that enable airtime sales, bill payments and will soon add peer‑to‑peer transfers and nationwide remittances. The capital will be used to expand the distribution network and broaden its suite of financial services, positioning merchants as last‑mile fintech access points. The round signals strong investor confidence in North‑African digital finance.

By Wamda
UAE’s Takeem Secures Backing From Second Century Ventures Through REACH Middle East
News•Feb 23, 2026

UAE’s Takeem Secures Backing From Second Century Ventures Through REACH Middle East

UAE‑based proptech Takeem announced a strategic investment from REACH Middle East, the accelerator arm of Second Century Ventures, the venture arm of the US National Association of Realtors. In less than a year the platform has onboarded over 55,000 residential...

By Wamda
Beltone Holding Launches Growth-Stage Private Equity Platform
News•Feb 23, 2026

Beltone Holding Launches Growth-Stage Private Equity Platform

Beltone Holding, an Egypt‑based investment group, has launched a private equity platform to complement its existing venture arm. The new platform targets growth‑stage companies, offering a structured path from early‑stage venture funding to institutional‑scale capital. Ali Mokhtar, CEO and Managing...

By Wamda
WafR Secures $4M Seed Round to Expand Last-Mile Financial Services in Morocco
Deals•Feb 23, 2026

WafR Secures $4M Seed Round to Expand Last-Mile Financial Services in Morocco

Moroccan fintech WafR raised $4 million in an oversubscribed seed round co-led by LoftyInc Capital, Attijariwafa Ventures and Almada Ventures, with participation from UM6P Ventures and First Circle Capital. The funding will be used to expand its network of corner...

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Takeem Secures Investment From REACH Middle East (Second Century Ventures)
Deals•Feb 23, 2026

Takeem Secures Investment From REACH Middle East (Second Century Ventures)

UAE‑based proptech Takeem announced it has raised an undisclosed amount of funding from REACH Middle East, the regional accelerator of Second Century Ventures. The investment will support Takeem’s expansion into the B2C market and further development of its risk‑intelligence rental...

Wamda
Moroccan Regtech Charikaty Raises $150K on National Investment Show
News•Feb 20, 2026

Moroccan Regtech Charikaty Raises $150K on National Investment Show

Moroccan regtech startup Charikaty secured MAD 1.5 million ($150,000) on the TV show “Qui Veut Investir Dans Mon Projet?” Season 3. The investment was led by Ilan Benhaim, co‑founder of Veepee and Endeavor Morocco chair, and Karim Amor, president of MeM by CGEM....

By Wamda
Dawar Acquires Stake in BekyaPay to Digitize Egypt’s Recycling “First Mile”
News•Feb 20, 2026

Dawar Acquires Stake in BekyaPay to Digitize Egypt’s Recycling “First Mile”

Egyptian circular‑economy platform Dawar has taken a strategic equity stake in consumer recycling app BekyaPay, extending its digital infrastructure to the household level. Dawar, which already tracks more than 90,000 verified tonnes of recyclables across 22 governorates, will now capture...

By Wamda
Dawar Acquires Strategic Stake in BekyaPay to Digitize Egypt’s Recycling First Mile
Deals•Feb 20, 2026

Dawar Acquires Strategic Stake in BekyaPay to Digitize Egypt’s Recycling First Mile

Egyptian circular economy platform Dawar has acquired a strategic stake in consumer recycling app BekyaPay, extending its digital infrastructure to the household level. The deal integrates BekyaPay’s network of over 30,000 users and 500 collection points into Dawar’s traceability system,...

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Origen Attracts $50 Million Strategic Investment From Bluefive Capital
News•Feb 18, 2026

Origen Attracts $50 Million Strategic Investment From Bluefive Capital

Origen, an Abu Dhabi‑based AI technology firm, announced a $50 million strategic investment from Bluefive Capital. The funding will accelerate product development, expand partnerships, and attract specialised talent to embed AI across government services, smart homes, and advanced manufacturing. Founded in...

By Wamda
Saudi AI Startup Deep.SA Brings Vision Ventures Into Pre-Seed Round
News•Feb 18, 2026

Saudi AI Startup Deep.SA Brings Vision Ventures Into Pre-Seed Round

Saudi AI startup Deep.SA announced that Vision Ventures has joined its pre‑seed round, adding to the SAR 4.5 million previously raised from TAM and Raed Ventures. The funding extends the $1.2 million round first disclosed in August 2025. Deep.SA will use the...

By Wamda
IFC Commits $150 Million to Boost Egypt’s Green Finance Sector
News•Feb 18, 2026

IFC Commits $150 Million to Boost Egypt’s Green Finance Sector

The International Finance Corporation (IFC) announced five new projects in Egypt, highlighted by a $150 million partnership with Banque Misr to scale green finance across energy efficiency, renewables, sustainable transport and green buildings. The initiative earmarks 20 percent of MSME lending for...

By Wamda
IFC Invests $150M with Banque Misr to Scale Green Finance in Egypt
Deals•Feb 18, 2026

IFC Invests $150M with Banque Misr to Scale Green Finance in Egypt

The International Finance Corporation (IFC) announced a $150 million investment with Egypt’s Banque Misr to scale green finance across energy efficiency, renewable energy, sustainable transport and green buildings. The partnership, signed during IFC’s Vice President for Africa’s visit, also earmarks 20 %...

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Saudi AI Startup Deep.SA Secures Vision Ventures Investment in Pre‑seed Round
Deals•Feb 18, 2026

Saudi AI Startup Deep.SA Secures Vision Ventures Investment in Pre‑seed Round

Deep.SA announced that Vision Ventures has joined its pre‑seed funding round, extending a prior SAR 4.5 million raise from TAM and Raed Ventures. The new capital will accelerate product development and expand Saudi‑built AI infrastructure, with the amount undisclosed.

Wamda
Origen Secures $50M Strategic Investment From Bluefive Capital
Deals•Feb 18, 2026

Origen Secures $50M Strategic Investment From Bluefive Capital

UAE-based AI tech firm Origen announced a $50 million strategic investment from Bluefive Capital to accelerate AI solutions for government services, smart homes and advanced manufacturing. The funding will support product development, partnership expansion and talent acquisition, positioning Origen as...

Wamda
Stake Raises $31M Series B Led by Emirates NBD
Deals•Feb 17, 2026

Stake Raises $31M Series B Led by Emirates NBD

UAE-based proptech platform Stake announced the close of a $31 million Series B round, led by Emirates NBD. The round also included Mubadala Investment Company’s MENA Venture Capital Fund, Middle East Venture Partners, Property Finder, STV NICE, Wa’ed Ventures, GFH...

Wamda
IBLOXX Studios Secures $5 Million for Global Expansion
News•Feb 16, 2026

IBLOXX Studios Secures $5 Million for Global Expansion

iBLOXX Studios, a Dubai‑based Web3 game developer, announced it has raised over $5 million from undisclosed investors. The capital will fund global marketing, live‑operations, ongoing updates, and the development of console versions for its upcoming title *StrayShot*. *StrayShot* is a mobile‑first...

By Wamda
QuicKart Secures $1.5 Million to Expand Fresh Commerce Across the UAE
News•Feb 16, 2026

QuicKart Secures $1.5 Million to Expand Fresh Commerce Across the UAE

QuicKart, the UAE’s first dedicated fresh‑commerce platform for dairy and farm produce, closed a $1.5 million seed round led by Orbit Ventures. The funding will be used to optimise supply‑chain logistics, upgrade technology, expand last‑mile fulfilment and cold‑chain infrastructure, and add...

By Wamda
XSquare Attracts New Investment to Automate B2B Finance Infrastructure
News•Feb 16, 2026

XSquare Attracts New Investment to Automate B2B Finance Infrastructure

XSquare, a UAE‑based B2B fintech, has secured an undisclosed investment from AngelSpark to accelerate its unified financial operations platform. The solution stitches together real‑time account‑to‑account payments, card rails, cross‑border transfers, invoicing, payouts and ERP reconciliation into a single interface. The...

By Wamda
Singapore's Ascentium Acquires Clara to Expand Footprint in UAE
News•Feb 16, 2026

Singapore's Ascentium Acquires Clara to Expand Footprint in UAE

Singapore‑based Ascentium has acquired UAE‑based regtech firm Clara for an undisclosed sum. Clara, the largest licensed corporate service provider in the Abu Dhabi Global Market and active in the Dubai International Financial Centre, offers incorporation, governance and compliance services backed...

By Wamda
The True Price of Scaling AI in the UAE
News•Feb 16, 2026

The True Price of Scaling AI in the UAE

The United Arab Emirates is rapidly scaling AI, with 76% of enterprises already deploying sector‑specific systems and the domestic market projected to reach $4.74 billion by 2031. Government incentives, free‑zone ecosystems, and regulatory sandboxes have created a fertile environment for AI...

By Wamda
Saudi Fintech CASHIN Raises $16 Million Series A Led by Impact46
News•Feb 16, 2026

Saudi Fintech CASHIN Raises $16 Million Series A Led by Impact46

Saudi fintech CASHIN secured $16 million in a Series A round led by Impact46, bringing total funding to $17.6 million. The AI-enabled platform integrates financial and operational functions for fuel station operators, linking pumps, tanks, payments and ancillary services. CASHIN serves major brands...

By Wamda
Saudi Fintech CASHIN Raises $16M Series A Led by Impact46
Deals•Feb 16, 2026

Saudi Fintech CASHIN Raises $16M Series A Led by Impact46

Saudi Arabia-based fintech CASHIN announced the closing of a $16 million Series A round, led by Impact46. The funding will support the expansion of its AI-enabled platform for fuel station operators across the Kingdom and deepen integrations with regulators and...

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XSquare Secures Undisclosed Investment From AngelSpark to Accelerate B2B Finance Platform
Deals•Feb 16, 2026

XSquare Secures Undisclosed Investment From AngelSpark to Accelerate B2B Finance Platform

UAE‑based fintech XSquare announced it has raised a new round of funding from AngelSpark, with the amount undisclosed. The capital will be used to expand product development, scale infrastructure, and enhance its unified B2B financial operations platform. The announcement was...

Wamda
Singapore's Ascentium Acquires Clara to Expand Footprint in UAE
Deals•Feb 16, 2026

Singapore's Ascentium Acquires Clara to Expand Footprint in UAE

Singapore-based business services platform Ascentium announced the acquisition of UAE-based regtech and corporate service provider Clara for an undisclosed amount. The deal gives Ascentium a foothold in the Abu Dhabi Global Market and Dubai International Financial Centre, while Clara gains...

Wamda
Saudi Cybersecurity Startup Solidrange Raises $2.4M in Seed Round
Deals•Feb 16, 2026

Saudi Cybersecurity Startup Solidrange Raises $2.4M in Seed Round

Saudi Arabia-based cybersecurity startup Solidrange announced a $2.4 million seed round led by Sharaka Capital, with participation from Sadu Capital, SEEDRA Ventures and Tali Ventures. The funding will support regional expansion, product development and AI integration across its GRC automation...

Wamda
Madfu Raises $25.5M in Pre-Series A Round Led by Afaq Capital
Deals•Feb 16, 2026

Madfu Raises $25.5M in Pre-Series A Round Led by Afaq Capital

Saudi fintech startup Madfu announced a $25.5 million (SAR 95 million) pre‑Series A funding round led by Afaq Capital, with participation from angel investors. The capital will be used to expand its merchant network, upgrade technology, and develop new Sharia‑compliant...

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MUHIDE Secures Series A Funding From Asyad Group
Deals•Feb 10, 2026

MUHIDE Secures Series A Funding From Asyad Group

Saudi fintech MUHIDE announced the close of its Series A funding round, backed by Saudi conglomerate Asyad Group. The undisclosed investment will support MUHIDE’s mission to modernise B2B trade in Saudi Arabia by expanding its team and platform capabilities.

Wamda
SkipCash Secures $4M Series A Funding to Expand Across GCC
Deals•Feb 10, 2026

SkipCash Secures $4M Series A Funding to Expand Across GCC

Qatar-based fintech platform SkipCash announced the close of a $4 million Series A round, led by Qatar Development Bank, Qatar Islamic Insurance Company, KBN Holding Group, Finjan Venture Investments, Ula Capital and Doha Tech Angels. The funding will be used to scale...

Wamda
Mersal Media Capital Secures $1.3M in First Funding Round
Deals•Feb 10, 2026

Mersal Media Capital Secures $1.3M in First Funding Round

Saudi Arabia-based Mersal Media Capital closed its first funding round, raising SAR 5 million ($1.3 million) from an unnamed private investment fund. The capital will support the platform’s growth, operational readiness, and strategic partnerships in digital media assets across the region.

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Omnispay Raises $2M Pre-Series A Round Led by Infinity Value Capital Group
Deals•Feb 10, 2026

Omnispay Raises $2M Pre-Series A Round Led by Infinity Value Capital Group

UAE fintech Omnispay announced the closing of a $2 million pre‑Series A funding round, led by Infinity Value Capital Group. The new capital will support product expansion, embedded credit capabilities, and growth across the GCC, including Saudi Arabia. The round follows a...

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Jazr.io Closes $213K Pre‑seed Round to Scale AI‑powered Accounting Platform
Deals•Feb 10, 2026

Jazr.io Closes $213K Pre‑seed Round to Scale AI‑powered Accounting Platform

Saudi Arabia‑based F&B SaaS platform Jazr.io has raised $213,000 (SAR 800,000) in a pre‑seed round led by unnamed angel investors. The funds will be used to develop compliance tools, AI‑driven automation, and expand product development for its accounting and inventory management...

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Syrian Agritech Startup Nutra-GreeniX Secures $200K Seed Round Led by EBLA Ventures
Deals•Feb 10, 2026

Syrian Agritech Startup Nutra-GreeniX Secures $200K Seed Round Led by EBLA Ventures

Syrian agritech startup Nutra-GreeniX announced the closing of a $200,000 seed round, led by EBLA Ventures with participation from Syrian and Saudi angel investors. The funding will be used to expand operations, increase production capacity, and develop new sustainable livestock...

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InvestSky Raises $4M Seed Round to Expand Into Saudi Arabia
Deals•Feb 10, 2026

InvestSky Raises $4M Seed Round to Expand Into Saudi Arabia

UAE‑based fintech platform InvestSky announced a $4 million seed round backed by Emkan Capital, Run Ventures, S3 Ventures and Al‑Romaizan Family Office along with other regional investors. The funding will support its expansion into Saudi Arabia, bolstered by a strategic partnership...

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Jordan’s Alefredo EdTech Acquires UK’s Tutor House for $600,000
Deals•Feb 10, 2026

Jordan’s Alefredo EdTech Acquires UK’s Tutor House for $600,000

Jordan-based Alefredo EdTech announced the acquisition of UK-based tutoring platform Tutor House for $600,000. The deal, structured primarily as equity in Alefredo Holding Company, expands Alefredo’s AI-driven learning stack and adds a network of over 30,000 tutors. The acquisition strengthens...

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