South African AI startup Verascient has raised $1.2 million in an oversubscribed seed round. The round was backed by Founder Collective, Andrena Ventures, Cambridge Enterprise and Summit Ventures.
Fasset has joined the global fintech unicorn club after raising $68 million in a Series C round led by Japan’s SBI Group, valuing the stablecoin-focused neobank at $1 billion.
Commercial International Bank (CIB) has received preliminary approval from the Central Bank of Egypt to establish Yomo, a new digital native bank that will operate in Egypt.
Uber has officially expanded its Robotaxi offering in Dubai, putting Baidu's fully driverless Apollo Go vehicles on its platform as the emirate accelerates its push to make autonomous transport part of everyday urban mobility.
The UAE-based fintech, XSquare, has raised an undisclosed pre-seed round led by Radled Venture with participation from Angel Spark, 500 Global, and Oraseya Capital.
First Abu Dhabi Bank (FAB) has announced that Payit has launched “Send Now, Pay Later,” allowing eligible customers to send money internationally immediately and settle payments in 30 days.
Sohar International has launched an innovation hub as the Omani bank looks to deepen its role in the country’s expanding fintech ecosystem and create a structured pathway for financial technology companies to develop and commercialize new solutions.
Voice AI startup HeyBreez has raised $2.5 million in a seed round to expand its AI-powered voice platform across global markets.
The round was led by Lunara Partners, with
For years, the first chapter of Africa’s fintech story was about getting people to pay digitally. The next chapter is increasingly about what happens after the payment.
Nigerian defense-tech startup Terra Industries has closed a $52 million seed round to scale its autonomous security systems and manufacturing operations across Africa and other emerging markets.
Kenyan startup JentaHub has launched a talent marketplace to connect African professionals with businesses and organizations seeking skilled workers globally.
Saudi investment firm Pinnacle Capital has launched a new venture capital fund targeting growth-stage technology companies in Saudi Arabia, combining primary investments with secondary transactions as the Kingdom’s startup ecosystem matures.
