MENA

Today in the Connected Economy: Google Investing $1.2B in LatAm
Today in the Connected Economy: Google Investing $1.2B in LatAm
June 09, 2022  |  Connected Economy

Today in the connected economy, Google makes a five-year, $1.2 billion commitment to Latin America that includes building the longest underwater cable in the world....

READ MORE >
UAE’s ADQ Launches $100M Tech Fund in Jordan
UAE’s ADQ Launches $100M Tech Fund in Jordan
June 09, 2022  |  Investments

The United Arab Emirates’ ADQ has launched a $100 million technology-focused venture capital fund with the Jordanian Ministry of Digital Economy and Entrepreneurship (MoDEE), according...

READ MORE >
Fuelin Partners With TAQA Arabia’s Master Gas on Electronic Payment Services
Fuelin Partners With TAQA Arabia’s Master Gas on Electronic Payment Services
June 08, 2022  |  Transportation

Cairo-based prepaid fuel services startup Fuelin on Tuesday (June 7) inked a deal with Master Gas to provide electronic payment services to Master Gas customers....

READ MORE >
Lebanese Super App Toters Raises $18M for Expansion
Lebanese Super App Toters Raises $18M for Expansion
June 08, 2022  |  Investments

Lebanese super app toters has raised $18 million in Series B funding, money the company says will help it expand into Iraq. As Magnitt reported...

READ MORE >
BaaS Provider NymCard Raises $22.5M
BaaS Provider NymCard Raises $22.5M
June 08, 2022  |  Investments

NymCard has raised $22.5 million in a new funding round, the card issuer and Banking-as-a-Service (BaaS) provider announced Wednesday (June 8). “With a presence in...

READ MORE >
Startups Opt for Fixed-Price Payments to Bank MENA’s Unbanked
Startups Opt for Fixed-Price Payments to Bank MENA’s Unbanked
June 08, 2022  |  Financial Inclusion

In the last couple of decades, consumers’ preferences for cross-border payments have been shifting, and more and more people are demanding convenience, speed, security, and...

READ MORE >
B2B Online Marketplace SAFQAT to Open in UAE
B2B Online Marketplace SAFQAT to Open in UAE
June 05, 2022  |  eCommerce

Online B2B marketplace SAFQAT is working to improve wholesale buying and will be launching its solution in the United Arab Emirates (UAE), according to a...

READ MORE >
MoneyGram Teams With Mobily Pay to Help Saudi Arabia Mobile Wallet Users
MoneyGram Teams With Mobily Pay to Help Saudi Arabia Mobile Wallet Users
June 02, 2022  |  Mobile

MoneyGram International on Thursday (June 2) announced a partnership with Saudi Arabia-based mobile wallet Mobily Pay that will bring MoneyGram’s international money transfer capabilities to...

READ MORE >
Online Car Marketplaces Drive Profits for MENA Startups
Online Car Marketplaces Drive Profits for MENA Startups
June 02, 2022  |  Retail

With almost 2,000 cars sold daily and nearly 750,000 vehicles sold on a yearly basis, the Egyptian used car market, representing a Gross Merchandise Value...

READ MORE >