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Logistics (MENA) 
Local edtech platform Farid secures USD 250k in pre-seed round
The funding will help the company expand its platform and expand into Saudi Arabia and the UAE
B2B payment platform Settle raises USD 2 mn in pre-seed round
The funding round was led by Shorooq Partners
Paymob secures USD 22 mn in funding
The fresh funds bring the company’s total Series B funding to USD 72 mn
FlapKap raises USD 34 mn in pre-series A round
The round was led by Dubai’s BECO Capital
Egyptian startups raised USD 88.7 mn in the first half of 2024
Local startups raised a combined USD 88.7 mn across 39 transactions during the first half of the year
Local fintech player Lucky One raises USD 3 mn in convertible note funding
The financing round will enable the startup to scale up its credit lending offering to users in Egypt
Meet our founder of the week: VOO’s Omar Abouzeid
VOO is a premium online convenience store
Qardy secures USD seven-figure pre-seed round
Qardy plans to boost its services in Egypt and accelerate its regional expansion with the fresh funds
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