Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
EdVentures, Nahdet Misr Group’s venture capital arm, has selected eight new startups to enhance its edtech portfolio. These firms specialize in innovative educational technologies, expanding EdVentures’ total to 22 companies and emphasizing its commitment to revolutionizing Egypt’s educational system.
Coral, a UAE-based climate tech startup, has raised $3 million in seed funding to expand its AI-driven platform for carbon emission management. The funding will support opening a new office in Abu Dhabi, growing their team, and enhancing their offerings to meet global sustainability goals.
Userguest, a Moroccan SaaS startup, has raised $2.4 million in seed funding to enhance its tool that optimizes direct hotel revenue. The round, led by Al Mada Ventures, will expand its market reach and strengthen its sales team, promising growth and innovation in hospitality technology.
SETTLE, an Egypt-based B2B payment platform, raised $2 million in pre-seed funding to expand globally and enhance its financial operations platform. The funding will support SETTLE’s aim to provide businesses with tools for real-time financial decision-making and streamline B2B payment processes.
Userguest, a Moroccan startup, has raised $2.4 million to expand and innovate its hotel revenue optimization tool. The investment will enhance Userguest’s technology for personalizing hotel guest interactions, aiming to increase direct bookings and user satisfaction across over 30 countries.
Educatly, an Egyptian startup, raised $2.5 million to expand its digital higher education platform across MENA. The platform, connecting students with global university programs, plans to reach seven million users by 2024, enhancing its technology to support more personalized education and career planning services.
Connectly raises $20 million in Series B funding, driven by its innovative AI technology that enhances personalized customer interactions, promising a more engaging retail experience.
Dubai-based fintech startup Ziina has raised $22 million in a Series A funding round to accelerate its growth and expand product offerings. The company, known for its innovative payment solutions, plans to use the funds to develop new features and explore market expansion in the UAE and beyond.