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Algeria is set to launch sector-specific investment funds aimed at supporting 20,000 startups by 2029, focusing on energy and tech innovation. This initiative, backed by the state-owned Algérie Télécom, seeks to enhance the startup ecosystem and position Algeria as a North African innovation hub.In the MENA region, venture capital investments surged to over $690 million in Q1 2025, with Saudi Arabia leading the charge, accounting for 50% of the total funding. Meanwhile, Moroccan fintech PayTic raised $4 million to enhance payment automation across Africa, addressing critical operational challenges in the financial sector.
The MENA region is emerging as a key player in global venture capital, with Algeria launching sector-specific funds to support 20,000 startups by 2029, focusing on AI and renewable energy. Meanwhile, Moroccan fintech PayTic has raised $4M to enhance payment automation across Africa, and Saudi Arabia's Sary has merged with Bangladesh's ShopUp to form SILQ, a B2B platform backed by $110M in investments, aiming to connect Gulf and South Asian markets.
French President Emmanuel Macron's recent visits to Lebanon and Egypt signify a strategic push for stability in the Mediterranean, focusing on regional security and humanitarian aid. His efforts aim to empower local agency and foster partnerships, particularly in military and cultural sectors, while addressing Lebanon's political reforms and the disarmament of Hezbollah. Macron's approach emphasizes collaboration with historical allies to enhance geopolitical cooperation and support for the region's people.
Moroccan fintech startup PayTic has secured $4 million in a seed extension funding round, led by AfricInvest, to enhance its payment operations solutions for financial institutions. Founded in 2020, PayTic aims to automate and modernize banking processes, addressing inefficiencies in manual reconciliation. The investment will support the launch of its “No-Code Reconciliation” module, facilitating faster and more efficient payment processes across the Middle East and Africa.
Moroccan fintech startup PayTic has secured USD 4 million in funding, led by AfricInvest, to enhance its payment automation solutions across North and Sub-Saharan Africa. The investment reflects growing confidence in Africa's fintech sector, which has attracted USD 1.4 billion this year. Founded in 2020, PayTic specializes in SaaS solutions for card issuers, aiming to streamline payment processes and support economic growth on the continent.
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algeria launches investment funds to support 20000 startups by 2029
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16:14 12.04.2025
mena venture capital investments surge to 690 million in first quarter 2025
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16:42 11.04.2025
macron strengthens mediterranean ties through partnerships with egypt and lebanon
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16:02 10.04.2025
Moroccan fintech startup PayTic secures 4 million dollars in funding round
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08:00 10.04.2025
moroccan fintech paytic raises 4 million to expand across africa
13:02 09.04.2025
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