Mylo, a fintech company from B.TECH, has received approval from Egypt’s Financial Regulatory Authority (FRA) to offer fully digital onboarding services. This service eliminates the need for in-person KYC verifications, providing instant access to financial services. Mylo is expanding nationwide, with services available in key Egyptian cities.
LoftyInc Capital Management has secured $43 million for its LoftyInc Alpha Fund to support emerging tech startups across Africa, focusing on key markets such as Nigeria, Egypt, and Kenya. The fund will invest in health tech, deep tech, and AI sectors, with at least 30% allocated to East and North Africa.
Rashit Makhat, Director of Scalo Technologies, outlines six essential strategies for startups in the UAE and MENA region to scale successfully and achieve global recognition. Focusing on deep market understanding, niche differentiation, strong teams, agility, technology investment, and adaptability will help startups thrive in a competitive, dynamic landscape.
StartUp Bahrain Pitch recently spotlighted the kingdom’s top entrepreneurial talent, showcasing startups like DOO and Cardue. DOO, led by Ali Mohsin, took first place with its AI-powered customer experience platform. The event, supported by key industry stakeholders, highlighted Bahrain’s innovation-driven startup ecosystem and potential for future growth.
Ninja, a Saudi-based quick commerce firm, is in talks for a funding round at a valuation over $1 billion, with Riyad Capital leading the deal. The company, preparing for an IPO by 2027, operates in multiple Gulf countries and aims to expand further within the region’s growing e-commerce market.
Vodafone Qatar has signed an MoU with SAWAA Technology to drive digital transformation for startups. The partnership will provide training, consultations, and joint product offerings, leveraging Vodafone Qatar’s advanced digital solutions to support local businesses, SMEs, and entrepreneurs in Qatar’s growing digital ecosystem.
Oman is participating in Web Summit 2025 in Doha, showcasing 24 technology startups specializing in AI, IoT, robotics, and health tech. Supported by the Ministry of Transport, Communications, and Information Technology, these startups aim to expand internationally, connecting with investors and innovators from around the world.
StartUp Bahrain has partnered with General Assembly Bahrain to support the growth of the Kingdom’s entrepreneurial ecosystem. This collaboration will provide access to cutting-edge tech education programs, empowering Bahraini founders with essential digital skills. The partnership aims to bridge the digital skills gap and foster innovation in Bahrain.
Vodafone Qatar will participate in Web Summit Qatar 2025, showcasing innovations in 5G, IoT, and digital transformation tools. The company aims to support SMEs, SOHOs, and start-ups by offering tailored solutions to enhance business operations, in line with Qatar National Vision 2030 and its commitment to digital innovation.
Algeria’s Algérie Télécom has launched an $11 million investment fund for AI, cybersecurity, and robotics startups. The initiative aims to foster digital transformation, with a goal of creating 20,000 startups and contributing 7% of the national GDP to AI by 2027. The country is expanding digital infrastructure to support innovation.
