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Silkhaus raises seven-figure funding round + Maalexi secures USD 3 mn credit facility
Silkhaus raised the funds to support its expansion into Saudi Arabia
Biotech startup BioSapien raises USD 7 mn after extending pre-Series A funding
ALSO- The United Arab Emirates University inaugurated the country’s first academic Stem Cells Research Center
Pluto secures USD 4.1 mn pre-Series A to fuel KSA expansion
Pluto first announced its Saudi Arabia expansion plans last September through a partnership with Saudi fintech neoleap
ASK Private opens up office in Dubai
ALSO- Catalyst makes three direct investments in global startups
Al Ansari + Abhi to introduce early salary access, SNPL services
ALSO- Drake & Scull is joining forces with El Amar Group to collaborate on projects in Egypt and Saudi Arabia
Devsinc acquires Dubai-based e-commerce SaaS firm Alchemative Group
The Pakistani firm will gain control over Alchemative’s payment solution UnumPay
Qashio and Visa launch B2B travel payments solution with an AED 100 mn investment
The two companies allocation of over AED 100 mn in the coming years
More asset managers eye ADGM
Plus: Dubai’s AED 2 bn Trump Tower will launch in 2Q 2025
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