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UAE-based fintech startup Klaim has secured $26 million in Series A funding, including $10 million in equity and $16 million in debt, to expedite insurance claim payments for healthcare providers. Founded in 2019, Klaim allows providers to receive payments within 24 hours, significantly enhancing cash flow. The company plans to expand operations across the MENA region, focusing on the UAE, Saudi Arabia, and Oman, while also enhancing its technology and partnerships.
Moroccan super app ORA Technologies has raised $1.9 million in a pre-Series A funding round to enhance its food delivery service, Kooul, and its digital payment solution, ORA Cash. Founded in 2023 by Omar Alami, the app features P2P transactions, e-commerce, and social networking. This funding brings ORA's total raised to $4.4 million, highlighting Morocco's potential as a burgeoning tech hub in Africa.
Moroccan super app ORA Technologies has raised $1.9 million in a pre-Series A funding round to enhance its food delivery service, Kooul, and its digital payment solution, ORA Cash. Founded in 2023 by Omar Alami, the app features P2P transactions, e-commerce, and social networking. This funding brings ORA's total raised to $4.4 million, highlighting Morocco's potential as a burgeoning tech hub in Africa.
Ajras secures funding to enhance its position in Saudi Arabia's rapidly growing proptech sector, projected to reach $109 billion by 2030. Meanwhile, ORA Technologies raises $1.9 million to expand its digital payment and food delivery services in Morocco, aiming to drive financial inclusion. Talabat acquires InstaShop for $32 million, strengthening its grocery and retail presence across MENA.
Startup Bahrain has partnered with Reboot Coding Institute to enhance technical skills among entrepreneurs, aiming to strengthen Bahrain's digital economy. This collaboration will provide workshops and mentorship, equipping startup teams with essential coding expertise to foster innovation and competitiveness in the tech sector.
Salica Spring Studios has announced a strategic investment in BILRS, a provider of global bill payment solutions, aimed at enhancing its operations and expanding its reach. This partnership underscores a commitment to innovation in digital payments, facilitating seamless cross-border transactions. BILRS integrates with major financial service providers to ensure fast, secure payments while complying with global regulations.
Morocco-based ORA Technologies has secured $1.9 million in a Pre-Series A funding round to expand its digital payment and food delivery services, aiming to create an integrated superapp. The startup's Kooul service is rapidly gaining traction in Morocco's $1.5 billion food delivery market, while ORA Cash offers a fast, cost-effective mobile payment solution for the underbanked. With backing from Witamax and Azur Innovation Fund, ORA is positioned to lead Morocco's digital transformation and financial inclusion efforts.
UAE-based Klaim has secured $26 million in Series A funding to enhance its healthcare payment solutions, aiming for rapid expansion in the UAE, Saudi Arabia, and Oman. The funding, led by Mudassir Investment, will help streamline payment processes for healthcare providers, addressing financial strains caused by delayed payment cycles.
Moroccan startup ORA Technologies has raised $1.9 million in a pre-Series A funding round, bringing its total funding to $4.4 million. The company plans to expand its food delivery service, Kooul, and enhance its digital payment solution, ORA Cash, aiming to drive financial inclusion and transform Morocco’s digital economy. Founded in 2023, ORA Technologies offers a superapp with various services, including peer-to-peer transactions and e-commerce, and is focused on supporting the gig economy and unbanked populations.
Arab stock markets experienced steady growth in January, marking a second consecutive month of gains, with the composite index rising by 0.97%. Casablanca's stock exchange led the way with a 9.98% increase, followed by Kuwait and Amman at 5.73% and 5.11%, respectively, driven by strong corporate earnings and supportive monetary policies.While most markets thrived, Egypt, Qatar, Palestine, and Dubai saw modest growth of less than 1%. Notably, the Palestinian market recorded a remarkable 261.4% surge in traded value, contrasting with declines in Dubai, Egypt, and Muscat.
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klaim secures 26 million to enhance healthcare insurance claim payments in mena
09:01 11.03.2025
moroccan super app ora technologies raises 1.9 million in pre-series a funding
07:00 11.03.2025
moroccan super app ora technologies raises 1.9 million in pre-series a funding
07:00 11.03.2025
moroccan superapp ora technologies secures funding to enhance digital services
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15:21 09.03.2025
klaim enhances healthcare payments with new funding and regional expansion
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moroccan superapp ora technologies raises 1.9 million to enhance digital services
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Arab markets experience steady growth driven by corporate earnings and policy shifts
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