DIFC Innovation Hub ’s Post

UAE-based fintech startup Mamo raises $3.4 million - Total funding to date 💰: $13 million - Investors💸: 4DX Ventures, Dubai Future District Fund , and Cyfr Capital. The newly raised capital would be allocated to expand product offering within the UAE and support regional expansion, with plans to further develop the platform to address the deeper finance operations needs of SMEs in the UAE. Founded in 2019 by Imad G. and Asim Janjua, Mamo allows SMEs to simplify their financial operations and enhance cost-efficacy, offering payment collection, corporate cards, and expense management. Full story on Forbes Middle East #funding #fintech #startups #forbesmiddleeast #investment #mena #uae

𝐌𝐚𝐦𝐨 𝐒𝐞𝐜𝐮𝐫𝐞𝐬 $𝟑.𝟒 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐅𝐢𝐧𝐭𝐞𝐜𝐡 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬. UAE-based fintech startup Mamo has successfully secured $3.4 million in funding to propel its growth and expansion plans. The fresh capital will be instrumental in enhancing the company's product offerings and broadening its market reach. Read more: https://lnkd.in/d9zY7VPz #UAE #fintech #Mamo #funding #expansion #ArabNews #ArabTimes #ArabTimesNews

💼Company: Lune® 💰Funding: $1.5 million ⚡Round: Seed Funding 👥Investors: JUDAH Ventures, Plus VC (+VC), Reach International, and Dubai Future District Fund Lune, a data analytics firm based in Dubai, said in a statement on Thursday that it has raised $1.5 million in a seed round from Judah Ventures, Plus Venture Capital, Reach International, and Dubai Future District Fund. A couple of family offices and angel #investors also participated in the round. Established in 2020 by Helal Tariq Lootah and Alexandre Soued, Lune facilitates the conversion of transaction data from clients into actionable insights for banks, fintechs, and other financial organisations. It enables its clients to enhance the #user experience of their financial products by providing its plug-and-play solutions via an API. Saleem Ahmed Ewaoluwa Ogunneye Milena Vucetic Read more - https://lnkd.in/dMQQ2daz To share your startup story write us on - contact@startuprise.org #VentureCapital #Lune #FundingNews #DataTransaction #Fintech

Egyptian Fintech Lucky ONE Secures $3M for Regional Expansion Lucky ONE, an Egyptian fintech company, has raised $3 million in convertible note funding to expand its credit platform and extend its reach into regional markets. The funding round was led by existing investors Lorax Capital Partners, KEM, and DisrupTech Ventures. Key Highlights: ⁍ Funding Amount: $3 million (convertible note) ⁍ Lead Investors: Lorax Capital Partners, KEM, DisrupTech Ventures ⁍ Objective: Expand credit platform services and regional reach ⁍ Founders: Momtaz Moussa, Ayman Essawy, Marwan Kenawy Lucky ONE aims to solidify its position as a major player in Egypt’s fintech sector. #Fintech #InvestmentNews #LuckyONE #Egypt #Startups #BusinessNews

MNZL, a revolutionary fintech startup has secured $3.5 million in seed funding! Founded by Sameh Saleh, Ahmed Eldessouky and Bassem El Shaer, MNZL is empowering Egyptians by providing them with a new way to access credit. Their innovative platform allows users to leverage assets like cars and homes to unlock instant liquidity for emergencies or other financial needs. This isn't just a convenient solution - it's a complete transformation in how Egyptians access credit. As Sameh Saleh, co-founder of MNZL, says: "MNZL goes beyond simply offering an alternative; it's a complete revolution in credit access." The funding round was led by P1 Ventures, LocalGlobe, and Ingressive Capital, with participation from other prominent investors. This strong backing is a testament to MNZL's potential to disrupt the financial landscape in Egypt and beyond. According to Hisham Halbouny, managing partner at P1 Ventures, "MNZL's approach to leveraging tangible assets for financial services is a game-changer, potentially setting a new standard for lending not just in Egypt but across emerging markets." #Fintech #Egypt #FinancialInclusion #MNZL #SeedFunding #Investment

Venture capital has been a driving force behind the UAE's fintech evolution. With prominent VC firms like Shorooq Partners, Global Ventures, and Wamda Capital leading the charge, the region has seen significant investment flows into fintech startups. These firms have been instrumental in backing innovative companies that are reshaping the financial landscape across the Middle East and North Africa. Shorooq Partners, for instance, has focused on sectors like payments and wealth tech, nurturing startups that are now key players in the industry. Their investment strategy has fueled growth and encouraged the development of tailored fintech solutions that address the unique needs of the MENA region. Venture capital's involvement in the UAE’s fintech sector goes beyond funding. These investors bring strategic insights, industry connections, and a commitment to long-term growth, which are critical for scaling businesses in a competitive market. For fintech founders, partnering with the right VC can be a game-changer. #VentureCapital #UAE #Fintech

Egyptian 🇪🇬 fintech startup SETTLE PAYMENTS has raised $2M in pre-seed funding to accelerate its global expansion and further develop its B2B payment platform. Founded in 2023, SETTLE simplifies financial operations for businesses by streamlining payment processes and offering real-time cash flow insights. 🚀 Already processing over $1 million in transactions during testing, SETTLE aims to empower CFOs and business owners to make smarter decisions. The funding round was led by Shorooq Partners with participation from Elsewedy Capital Holding, Acasia Ventures, and Plus VC (+VC). 💬 Co-founder Mostafa Mobarak highlighted SETTLE's readiness to automate financial workflows for businesses of all sizes, backed by strategic investors for rapid growth. Tamer Azer, partner at Shorooq Partners, added that digitizing financial operations for Egyptian businesses is overdue, and SETTLE offers an efficient, scalable solution. Read more: https://lnkd.in/dBBUAeBX #Africa #Egypt #Startup #Funding #Growth  

🚀 Exciting News Alert! 🚀 UAE-based #fintech startup, Lune®, secures a whopping $1.5 #million in seed funding from prominent investors, including #Dubai Future District Fund (DFDF) and Plus VC (+VC). Here's what you need to know: • Lune® specializes in transforming transaction data into actionable insights for financial institutions, aiming to #revolutionize user experiences. • With plug-and-play solutions via #API, Lune simplifies integration for clients, offering features like transaction categorization and brand identification to enhance data comprehension. • This substantial #funding will propel Lune's regional expansion efforts and further bolster its product development initiatives. • Lune is gearing up to broaden its services to #Oman, #Qatar, #Kuwait, and #Egypt, with plans to collaborate with a major GCC 3payments company, amplifying its reach and impact within the region. Read More - https://lnkd.in/eaW3Pk4J #Fintech #Startup #SeedFunding #Investment #TechNews #UAE #Lune #FinancialInnovation

Thanks to innovative venture partners such as margaris ventures, Saudi-based #startups and entrepreneurs are poised to produce more #fintech solutions than ever. Read our latest #SMEMonitor to learn how new technologies and funding opportunities are improving the scope of financial services in Saudi Arabia and positioning the Kingdom to become a leading fintech hub for MENA and beyond. To read the report: https://lnkd.in/eKEec84x

Today, I attended the week9 session of Fintech Saudi | فنتك السعودية #FintechSummerSession24 "Investing", presented by Mr.Hussein A. Attar. This session was very interesting and I learned a lot about startups, venture capitals, investing stages and many more. Thank you all for organizing this remarkable session! #Fintech #Investment #FintechSaudi #Investing #VentureCapital