Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Rihal has secured $7.5M in the first close of its $15M Series A round led by ITHCA Group. Since its 2021 seed funding, the Omani data services leader has recorded 119% CAGR, expanded across multiple industries, and now aims for international growth powered by this latest investment.
Intella has raised $12.5 million in an oversubscribed Series A led by Prosus, boosting its total funding to $16.9 million. The Arabic AI leader will use the capital for R&D, expansion in Egypt and Saudi Arabia, and scaling its AI-powered workforce across multiple sectors.
ORA Technologies raises $7.5 million to scale its Kooul food delivery platform and ORA Cash mobile wallet, driving digital payments and e-commerce adoption in Morocco with a record-breaking funding round.
MedIQ, a Pakistan-based health tech startup, raised $6 million in Series A funding led by Rasmal Ventures and Joa Capital. The funds will support its expansion into Saudi Arabia, Qatar, and the Gulf region, aiming to transform healthcare through digital solutions. MedIQ’s total funding now stands at $9.8 million.
Flow48 has raised $69M in Series A funding to expand its revenue-based financing platform into Saudi Arabia, targeting SMEs in the Middle East and Africa. The funding, a mix of debt and equity, will help Flow48 enhance its AI-driven tools and provide tailored financial solutions for under-supported SMEs.
Ariika, an Egyptian home furnishing e-commerce startup, has raised $3 million in Series A extension funding, led by Beltone Venture Capital and Citadel International Holdings. The new capital will fuel its expansion in Saudi Arabia and Iraq, with Ariika poised for significant growth in the MENA home décor market.