Expanding into the Middle East and North Africa (MENA) remains a costly and complex challenge for global businesses, thanks to fragmented regulations and banking systems. Dubai-based fintech Fuse aims to simplify that with a cross-border payments API and has raised $6.6 million in seed funding to make it happen. Founded in 2023 by George Davis,…
Category: MENA
BRKZ, Commerce, construction materials, construction tech, Global IT News, Global Security News, MENA, Saudi Arabia
Saudi’s BRKZ closes $17M Series A for its construction tech platform
Construction procurement is highly fragmented, manual, and opaque, forcing contractors to juggle multiple suppliers, endure lengthy negotiations, and deal with delayed payments. In Saudi Arabia, where trillion-dollar infrastructure and real estate projects are underway, these inefficiencies are even more pronounced. To address this, BRKZ, a Riyadh-based construction tech startup, offers a tech-enabled managed marketplace that…
Africa, Egypt, Fintech, Global IT News, Global Security News, MENA, MoneyHash, payment orchestration
MoneyHash, which provides single access to payment services in MENA, banks $5.2M
When merchants or companies launch online, they typically start by partnering with one or two payment processors. But as they grow and expand into new regions, they often need to onboard additional payment partners to meet different customer (and sometimes regulatory) needs, a process that comes with some hurdles. That’s given rise to companies to…
Asia, emerging market, Fundraising, Global Security News, MENA, Venture
Report: VC in emerging markets plummeted by over 40% last year
8th January at 9:30 am Dubai VC investments in emerging markets such as the Middle East and North Africa (MENA) plummeted by over 40% compared to 2023, according to a new report. The data mirrors the wider global trend of reduced VC funding in the last two years, especially for non-AI companies. The total raised…
Financing, Fintech, Global IT News, Global Security News, MENA, rbf, Startups
Revenue-based financing startups continue to raise capital in MENA, where the model just works
In an era where it’s become tougher to raise venture capital, many companies have turned to non-dilutive, Revenue-Based Financing (RBF) as an alternative. As a result, plenty of startups have risen to meet that challenge, none more so than in the MENA region, which has taken to the model like a duck to water. The…