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MENA startups secure new investments, acquisitions across fintech, AI

image sourced from original article at https://www.arabnews.com/node/2591324/business-economy

Startups in the Middle East and North Africa are attracting significant investment, with funding rounds and acquisitions driving the region's tech ecosystem. UK-based AI cloud infrastructure provider Ori has secured a strategic investment from Wa'ed Ventures, the venture capital arm of Saudi Aramco, as it prepares for expansion in the Middle East. UAE-based online classifieds platform Dubizzle Group has acquired Egyptian online car marketplace Hatla2ee. Fintech firm MANSA has raised $10 million in funding to enhance its cross-border payment solutions. Egypt-based B2B SaaS startup Qme has raised $3 million in a seed funding round. UAE-based decentralized exchange Blum has raised $5 million in funding. Tunisia-based peer-to-peer fashion marketplace Dabchy has raised an undisclosed amount in a pre-Series A funding round. UAE-based self-storage services provider The Box has secured $12.5 million in debt financing. MENA-focused investment firm Palm Ventures has closed a $30 million fund to support early-stage startups in the region. Pinewood Technologies has acquired a 90.9 percent stake in UAE-based automotive SaaS platform Seez for approximately $42 million. Oman Investment Authority has partnered with Golden Gate Ventures to strengthen Oman's startup landscape. Algerie Telecom has launched an $11 million investment fund to support startups in artificial intelligence, cybersecurity, and robotics.

Original article source: https://www.arabnews.com/node/2591324/business-economy
Source Id: 2025-02-641032815

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