Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Finja has secured additional investment in its Series A round from Habib Bank Limited (HBL), joining previous investors. The investment will support Finja’s efforts to provide digital loans to Pakistan’s SMEs, a crucial sector for the country’s economy. HBL’s involvement strengthens Pakistan’s fintech landscape and digital financial inclusion.
Egypt will participate in 26 projects under the INTERREG NEXT MED programme, funded by the EU. The projects will focus on sectors such as SMEs, tourism, education, environmental sustainability, and climate change. The programme aims to promote smart, sustainable, and inclusive development across the Mediterranean Basin.
ORA Technologies has raised $1.9 million in pre-Series A funding, increasing its total capital to $4.4 million. The investment will fuel the growth of ORA Cash, Morocco’s first social mobile wallet, and KooulMaroc, a food delivery service. This marks a key step in advancing Morocco’s digital and financial services.
YORA Technologies has raised $1.9 million in a pre-Series A funding round, bringing its total capital to $4.4 million. The investment will support the growth of its food delivery service, Kooul, and accelerate the development of ORA Cash, a digital payment solution, advancing digital and financial inclusion in Morocco.
ORA Technologies has raised $4.4 million to scale its digital financial services in Morocco. The funding will support the growth of its ORA Cash mobile wallet and e-commerce platform, KooulMaroc. With 300,000+ downloads, ORA Technologies aims to improve digital accessibility and financial inclusion for Moroccan consumers.
ToumAI, a Moroccan AI startup, raised USD 1 million in pre-seed funding to enhance its AI-driven customer experience solutions tailored to African languages and cultural nuances. The funding will support the growth of its HolistiCX suite, market expansion, and team development. ToumAI aims to improve inclusivity in digital transformation.
ORA Technologies, a Morocco-based superapp, has raised $1.9 million in a pre-Series A round, bringing its total funding to $4.4 million. The company plans to expand its financial services platform, ORA Cash, and e-commerce marketplace, KooulMaroc, aiming to enhance digital payments and financial inclusion in Morocco.
LoftyInc Capital Management has raised $43 million for its LoftyInc Alpha Fund, aimed at late-seed investments in African tech startups. The fund will focus on key markets like Nigeria, Egypt, and Kenya, supporting sectors such as financial services, AI, and healthcare to foster innovation and scalable growth in Africa.
Darwinbox has secured a $140 million investment led by Partners Group and KKR to accelerate its global expansion in the HR tech space. The platform, which serves over 1,000 enterprises worldwide, will focus on AI-powered solutions and innovation, particularly in the MENA region and other global markets.
Lola, a Bahrain-based foodtech startup, raised US$1.3 million in a pre-seed funding round led by Vision Ventures and Plus VC. The investment will support Lola’s expansion in Saudi Arabia and the GCC region, enhancing its customizable cake-ordering service and enabling future product category growth in the personalized gifting market.