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PlaysOut, a UAE-based gametech startup, has raised $7 million to enhance its mini-game ecosystem, while ORO Labs secured $1.5 million for its tokenized gold trading platform. MENA Analytics and Juridoc.tn are expanding their services with new funding, and Grinta is pivoting to healthcare after acquiring Citi Clinic. In Egypt, Fawry and Contact Financial are partnering to improve BNPL services, and Yango Group launched a $20 million venture fund to support startups in high-growth regions. Meanwhile, Tabuk is emerging as a dynamic investment hub in Saudi Arabia, with significant opportunities in tourism, agriculture, and renewable energy.
MENA Analytics, a Palestine-based market research startup, has secured funding from Ibtikar Fund to expand its AI-driven services into Jordan and Saudi Arabia, targeting underserved SMEs. The platform offers cost-effective, real-time market intelligence solutions, revolutionizing traditional research methods.UAE-based NymCard has raised $33 million in Series B funding to enhance its embedded finance solutions across MENA, supporting over 50 partnerships with banks and fintechs. This investment underscores the growing confidence in the region's fintech ecosystem and aims to drive digital payment innovations.
NymCard, a UAE-based fintech company, has raised $33 million in Series B funding led by QED Investors, marking their first major investment in the Gulf region. The company aims to expand its financial infrastructure across MENA, leveraging its proprietary nCore platform for enhanced embedded finance solutions.With strong backing from various strategic investors, NymCard is set to empower banks, fintechs, and enterprises by providing seamless API-driven financial services. This expansion aligns with regional financial goals, supporting initiatives like Saudi Arabia's Vision 2030 and digital payment advancements in the UAE.
NymCard, an embedded finance platform operating in over 10 MENA countries, has raised $33 million in Series B funding led by QED Investors, marking their first investment in the Gulf. This funding will enhance NymCard's payment infrastructure solutions, supporting banks and fintechs while promoting financial innovation in the region. With partnerships across 50+ entities, NymCard is pivotal in advancing cashless economies in Saudi Arabia and the UAE, and driving financial inclusion in Egypt.
In a significant move for Tunisia's venture capital landscape, ANAVA invested €4.5 million in GO LIVE, a fund targeting early-stage B2B startups in sectors like AgriTech and HealthTech. Juridoc.tn, a digital legal solutions provider, plans to expand into OHADA markets, enhancing its AI-driven services to improve efficiency and access to legal resources. Meanwhile, Tern Rewards launched a digital rental payment platform in the UAE, allowing tenants to pay rent via credit card while earning rewards, and MENA Analytics secured funding to expand its AI-driven market research services across the MENA region.
Tunisian LegalTech startup Juridoc.tn has secured a strategic investment from Go Big Partners and 216 Capital Ventures to expand its operations across the OHADA region, which includes 17 West and Central African countries. This funding will enhance its AI-driven legal solutions, addressing the growing demand for digital legal services and improving access to justice. Co-founder Qais Asali emphasized the goal of democratizing legal solutions through technology, positioning Juridoc.tn as a leader in Africa's digital legal ecosystem.
NymCard, a Dubai-based embedded finance platform, has raised $33 million in a Series B funding round led by QED Investors, marking its largest investment in MENA. The funds will enhance NymCard's payment infrastructure across banks, fintech firms, and telecom providers in the region. With its proprietary nCore platform, NymCard aims to support financial innovation and contribute to the cashless economy initiatives in Saudi Arabia and the UAE, while fostering fintech growth in Egypt.
NymCard has raised USD 33 million in a Series B funding round led by QED Investors, with participation from Shorooq, Mashreq Bank, and others. The investment will enable NymCard to expand its payment infrastructure across over 10 MENA markets, enhancing card issuing, embedded lending, and money movement services.CEO Omar Onsi emphasized the company's commitment to providing best-in-class payment solutions, while QED Investors' Gbenga Ajayi highlighted NymCard's role in bridging the fintech gap and driving digital finance innovation in the region.
Omar Onsi
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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