Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Jatri has secured a strategic investment from Gobi Partners, marking the VC firm’s first entry into Bangladesh. The deal will fuel product innovation and MENA expansion through Saafir, as the Dhaka-based platform scales its unified model for global travel inventory, distribution, and embedded trade finance across enterprise markets.
Woliz has raised $2.2 million to digitise neighbourhood retail in Morocco using AI and embedded finance. Backed by Sanlam Maroc, the startup is empowering small merchants with tools for inventory, sales tracking, and credit access, laying the groundwork to scale its model across Africa.
UAE-based fintech Mal has raised $230 million to build a mobile-first, AI-native Islamic digital bank. Founded in 2025, the Abu Dhabi-based platform targets underbanked communities and plans a 2026 launch, starting in the UAE before expanding across the Middle East and Asia.
Red Sea Global and Bunat VC have launched Saudi Arabia’s first AI-focused investment fund to support startups from early to growth stages. The initiative combines capital with real-world testing environments to accelerate innovation and strengthen the Kingdom’s position as a global AI and digital transformation hub.
Woliz has raised $2.2 million in a pre-seed round led by Sanlam Maroc to digitise the retail sector using AI-powered POS systems and software. The funding will support expansion in Morocco and lay the foundation for scaling the platform across African markets.
Newera.ai has raised $2.13 million in a Pre-Seed round led by Embark to expand its Saudi operations and accelerate generative AI product launches. The funding will strengthen R&D, build partnerships, and support compliant, locally hosted AI solutions aligned with Saudi Arabia’s digital transformation goals.
Roamless raised $12m in a Series A led by Rasmal Ventures, with UAE investors backing its shift from travel eSIMs to a full-stack global mobile platform. By owning telecom infrastructure, the startup aims to add voice, SMS, and B2B embedded connectivity as eSIM adoption accelerates worldwide.
Rakiza has raised $1 billion from global investors to finance infrastructure projects in Oman, supporting sectors including food security, telecoms, logistics, and energy. Backed by the Oman Investment Authority, the fund has created a new channel for foreign investment while building an independent platform for long-term national development.
Umniah will invest JD300 million over five years to expand 5G, fiber, cloud, and data-center infrastructure in Jordan. CEO Faisal Al-Jalahma highlighted major upgrades, education-sector connectivity, and partnerships with global tech firms. The company’s initiatives support national digital transformation, sustainability goals, and social development across underserved communities.
Sri Lanka’s AI-native innovation studio Futurity has secured seed funding from top private investors to accelerate its mission of embedding invisible, intuitive AI into everyday business operations. With flagship products Omni and Query, a newly formed board, and plans for rapid market expansion, the startup aims to redefine how enterprises access knowledge, automate tasks, and create intelligent digital experiences.