Last week, there were 5 startup investments in the MENA between November 15 – 21:
Investments:
2 Kingdom of Saudi Arabia (KSA), 2 Egypt, 1 United Arab Emirates (UAE)
Sectors Received Investments:
1 Financial Services
1 Mobile Apps
1 Supply Chain
1 Insurance
1 Social Network
News of the Week
🎯 Fintech platform EdfaPay raised $5 million.
EdfaPay, which provides SMEs with a tap-to-pay solution using smartphones instead of traditional POS devices, has raised $5 million in pre-Series A funding round, led by OmanTel Innovation Labs. Aljabr MENA, Waad Investment also participated in the investment round.
Transaction Type: Investment
Investors: OmanTel Innovation Labs, Aljabr MENA,Waad Investment
Co-founders: Ghormallah Alghamdi, Nedal Sabbah
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Mobility solutions provider Swvl raised $4.2 million.
Swvl, which provider tech-driven mobility solutions, has raised $4.2 million.
Transaction Type: Investment Venture Round
Investors: –
Co-founders: Mostafa Kandil
Headquarters: United Arab Emirates (UAE)
🎯 Supply chain startup Qara raised $2.6 million.
Qara, which empowers producers with a fully integrated digital platform to ensure product authentication and full traceability to the end consumer, has raised $2.6 million from undisclosed investors.
Transaction Type: Investment
Investors: –
Co-founders: Hassan Abouzeed, Khaled Hassan
Headquarters: Egypt
🎯 Insurtech broker Amenli raised $2.3 million.
Amenli, which provides accessible insurance products tailored for individuals, families, and SMEs, has raised $2.3 million from EBRD and Y Combinator.
Transaction Type: Investment
Investors: EBRD, Y Combinator
Co-founders: Adham Nauman, Omar Ezz El Din, Shady El Tohfa
Headquarters: Egypt
🎯 Social networking platform Bubbl raised $350.000.
Social networking platform Bubbl, has raised $350.000 in pre-Seed funding round from Abdullah Al-Dosari.
Transaction Type: Investment
Investors: Abdullah Al-Dosari
Co-founders: Ayah Alhmmoud
Headquarters: Kingdom of Saudi Arabia (KSA)
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