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AI + Innovation (MENA) 
Infrastructure 
Fintech startups raised record USD 167 mn in 1H2022
Who is investing in Egypt’s fintech startups? 2021 was a bumper year for fintech funding in Egypt, we wrote earlier…
MNT–Halan acquires Talabeyah
This super app just became more super: MNT–Halan has acquired Cairo-based B2B e-commerce platform Talabeyah for an undisclosed amount, according…
Local AI startup snags USD 2 mn+ pre-series A round
Local AI tech startup Synapse Analytics has raised over USD 2 mn in a pre-series A round, it said in…
Meet our founder of the week: Lucky’s Ayman Essawy
OUR FOUNDER OF THE WEEK- Ayman Essawy, co-founder and managing director of Lucky (LinkedIn). My name is Ayman Essawy, and…
Khazenly gets the bag along with regtech startup Valify
B2B logistics firm Khazenly has closed a USD 2.5 mn seed round led by ArzanVenture Capital and Shorooq Partners with…
CredPal secures USD six-figure funding from Cairo Angels, eyes stepping foot into Egypt
The Cairo Angels Syndicate Fund (CASF) has invested USD six figures in Nigerian BNPL fintech startup CredPal, the VC fund…
Brace yourselves, startups. 2022 may be a bumpy year
Is the party up for startup funding? VC firms tell founders yes: It’s no secret that the VC funding gravy…
DXwand scores funding for AI research
Tech and AI startup DXwand has closed a USD 1 mn pre-series A investment round led by Huashan Capital and…
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