Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
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.
MAM Telecom, a Ugandan fintech focused on solving mobile money float shortages, has been selected for FasterCapital’s EquityPilot program to raise $5 million in seed funding. The startup is building East Africa’s first 24/7 digital liquidity platform to provide instant mobile money float to agents and merchants. The funding will support licensing, technology, reserves, hiring, and nationwide rollout starting in 2026. The initiative addresses a major gap in Uganda’s fast-growing mobile money economy.
Vida secures $4M to accelerate AI voice innovation, expand into new industries, and boost leadership expertise as demand surges for automated communication solutions with faster performance and scalable customer engagement.
Boxy raises $1.5M pre-seed from EQIQ to unify Iraq’s last-mile delivery via an AI-driven logistics platform, aiming to simplify shipping for merchants and build a scalable digital infrastructure.
Oman’s SafaQat raised funding from Oman Future Fund and Idrak Group to expand its award-winning digital procurement platform, grow government and market presence, and empower youth with training and SME support. It is advancing AI tools for bidding and price forecasting.
Ovasave raised $1.2 million to expand its digital fertility and hormonal health platform across the GCC. Backed by top investors and Abu Dhabi’s Hub71, the startup aims to enhance women’s health access through tech-driven, personalized solutions and corporate partnerships amid growing regional FemTech demand.
Wittify.ai raised $1.5 million from Saudi angel investors to develop AI agents with advanced Arabic speech recognition and text-to-speech across 25 dialects. The startup aims to empower businesses in MENA with no-code AI tools, advancing regional expansion and product innovation.
ORA, a Casablanca-born Moroccan startup, raised $7.5 million in Series A funding, championing the value of local innovation and signaling Morocco’s readiness to support homegrown tech ventures.
Saudi quick commerce startup Ninja raised $254 million in a pre-IPO round at a $1.5 billion valuation. Operating across GCC countries, Ninja offers instant delivery of groceries and food, with nearly $1 billion in annual GMV and profitability, positioning itself for IPO and further expansion.
Morocco’s startup funding surged to nearly $95 million in 2024, driven by a few high-value deals and growing interest in TravelTech and FinTech. However, early-stage dominance, limited exits, and a funding gap risk stalling growth. Strategic support in late-stage funding, M&A, and emerging tech is essential to unlock Morocco’s next phase of innovation-led economic expansion.