Egyptian Fintech Octane Raises $5.2 Million to Expand Fleet Expense Management Platform Across MENA

Egyptian fintech Octane raised $5.2 million led by Shorooq Partners, Algebra Ventures, and SC Holding to expand its digital fleet expense management platform across Egypt and MENA. The platform consolidates fuel, maintenance, and petty cash payments into a single wallet with AI features for fraud detection and route optimization, serving 1,600+ corporate clients nationwide.

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NayaOne Launches Saudi Arabia’s First Fully Saudi-Hosted Sandbox-as-a-Service Platform in Partnership with AstroLabs

NayaOne has launched Saudi Arabia’s first fully locally hosted sandbox-as-a-service platform, enabling banks and fintechs to accelerate product testing and launch while addressing data sovereignty. Supported by AstroLabs and the UK government, the platform aligns with Vision 2030 and Saudi Arabia’s booming fintech market.

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Mobile Telecommunications Company K.S.C.P Poised for Growth Amid Strategic Investments and Market Challenges

Mobile Telecommunications Company K.S.C.P is expected to see significant growth starting in 2025, driven by ZainTECH, fintech initiatives, and 5G investments. Despite challenges such as high debt levels and economic risks in certain markets, the company’s strategic moves are set to boost revenue and EBITDA growth over the coming years.

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