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2025-03-232025-03-234554433221100
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2025-03-232025-03-2322554433221100
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UAE startup PlaysOut secures 7 million dollars to expand mini-game ecosystem

UAE-based PlaysOut has secured $7 million in a seed funding round led by KBW Ventures to expand its mini-game ecosystem, valuing the company at $70 million. The funding will enhance its blockchain-powered mini-game engine, targeting growth in the US, MENA, and Asia.Meanwhile, ORO Labs raised $1.5 million to transform gold into a yield-generating asset through blockchain technology, allowing users to earn yield and trade gold-backed assets. The startup aims to bridge traditional gold markets with Web3 finance, leveraging the UAE's robust gold trade environment.
ArabFounders
United States Dollar BHR MLI TGO GHA BWA EGY ARE SDN PAK BEN QAT SEN LBY UGA SAU CIV CMR Roberto Colucci Usman Saleem Jassem Osseiran Show more
Technology & Innovation, Press Release
15:28 23.03.2025

UAE startup PlaysOut secures 7 million dollars to expand mini-game ecosystem

UAE-based PlaysOut has secured $7 million in a seed funding round led by KBW Ventures to expand its mini-game ecosystem, valuing the company at $70 million. The funding will enhance its blockchain-powered mini-game engine, targeting growth in the US, MENA, and Asia.Meanwhile, ORO Labs raised $1.5 million to transform gold into a yield-generating asset through blockchain technology, allowing users to earn yield and trade gold-backed assets. The startup aims to bridge traditional gold markets with Web3 finance, leveraging the UAE's robust gold trade environment.
ArabFounders
United States Dollar TGO QAT LBY GHA MLI BHR ARE CIV BWA CMR SEN PAK SAU SDN UGA EGY BEN CHN Roberto Colucci Usman Saleem Jassem Osseiran Show more
Technology & Innovation, Press Release
15:28 23.03.2025

tabuk emerges as a dynamic investment hub with diverse growth opportunities

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.
Arab News PK
ARE EGY Kais Assali Khalid bin Faisal Al Saud Mohammad Al Khalili Zayne Abudaka Omar Onsi Ali Youssef Yousef Srouji Usman Saleem Mashal Zaben Mohamed Azab Anis Wahabi Obada Shtaya Ayman Chalhoub Hamza Mohamed Maya Boureghda Mohammad Abu Qare Jassem Osseiran Yosra Badr Show more
Business & Industry, News Article
11:50 23.03.2025

startups in mena attract significant funding in fintech gaming and healthcare

Startups in the MENA region are attracting significant investment, particularly in fintech, gaming, and healthcare. Notable funding rounds include UAE-based NymCard's $33 million for API solutions, ClearGrid's $10 million for AI-driven debt collection, and PlaysOut's $7 million for a mini-game ecosystem. Other ventures like ORO Labs and Grinta are also expanding their offerings in tokenized gold trading and healthcare services, respectively.
Arab News Japan
United States Dollar EGY TUN ARE Mohammad Abu Qare Usman Saleem Anis Wahabi Yosra Badr Hamza Mohamed Kais Assali Zayne Abudaka Obada Shtaya Jassem Osseiran Ali Youssef Yousef Srouji Maya Boureghda Mohamed Azab Show more
Business & Industry, Market Report
06:06 23.03.2025

Oro Labs raises 1.5 million to innovate gold as a digital asset

Oro Labs has successfully raised USD 1.5 million in a pre-seed funding round, led by 468 Capital, to transform gold into an income-generating digital asset. The platform aims to enhance gold's liquidity and usability through innovative financial products, enabling users to earn returns, secure loans, and facilitate instant global transactions. Built on Solana's infrastructure, Oro Labs seeks to bridge traditional commodities with next-generation financial systems for a more accessible gold market.
WAYA
United States Dollar Usman Saleem
Business & Industry, Press Release
13:10 19.03.2025

ORO Labs secures 1.5 million to revolutionize gold trading on Solana

ORO Labs has raised $1.5 million in a pre-seed funding round led by 468 Capital, aiming to innovate gold trading through a tokenized protocol on Solana. The startup plans to transform gold into a liquid, income-generating asset, allowing users to earn yield and trade gold-backed assets with instant settlements.Additionally, ORO Labs signed a Memorandum of Understanding at the Abu Dhabi Global Market, highlighting its expansion plans in the UAE, a major hub for gold trade with over $100 billion in annual transactions.
CairoScene
Jupiter UK Alpha Fund New Era Helium, Inc. Phantom Protocol USD DEU ARE Jörg Kukies Usman Saleem Thani bin Ahmed Al Zeyoudi Show more
Business & Industry, Press Release
01:00 19.03.2025
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