Tagged: middle east

India-based Online Lender Capital Float Secures $45 Million During Series C Funding Round Led By Ribbit Capital

Last week, India-based online lender Capital Float announced it secured $45 million during its Series C funding round, which was led by Ribbit Capital with participation from returning investors SAIF Partners, Sequoia India, and Creation Investment. Founded in 2013, Capital Float describes itself as a… Read More

I MOU You: Qianhai Authority & FSRA of Abu Dhabi Global Market Enter Partnership

The Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai Authority) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) entered into a new partnership to further develop and promote closer investment and financial innovation opportunities and collaborations for… Read More

Smart Dubai: Implementing Blockchain Across the City, Emirates NBD on Board

Dubai’s pioneering government-backed initiative to implement blockchain technology across the city is now into its third month, and the pilot schemes continue to roll out. The move aims  to secure the city’s reputation as a leading Middle Eastern business center. This month Dubai’s largest bank, Emirates… Read More

Middle East and North Africa Fintech Startups Raised $100M in Last Decade

According to a report released last month by middle eastern media platform Wamda, Fintech startups located in the Middle East and North Africa (MENA) raised over $100 million over the last decade. That may not seem like much compared to the billions raised by Fintech startups… Read More

Gaza Sky Geeks Crowdfunds to Launch Coding Academy

Gaza Sky Geeks is running another crowdfunding campaign called “Power Up Gaza’s Geeks”.  There is just over a week left in the campaign, and the group is currently at $277,869 — or 292 percent of its original goal. Initially, Gaza Sky Geeks had a goal… Read More

Cambridge Centre for Alternative Finance Launches First Industry Study for Middle East & Africa

  Inaugural Middle East & Africa Alternative Finance Benchmarking Study. The Cambridge Centre for Alternative Finance at the University of Cambridge Judge Business School is launching its first Middle East & Africa Alternative Finance Benchmarking Study. This study on alternative finance follows the successful publication of… Read More

Global Platform Eureeca Updates on AIG Crowdfunding Insurance & Plans for International Expansion

Eureeca is the very first investment crowdfunding platform to set up shop in the Middle East. The home office in Dubai has been complimented with offices in both London and Kuala Lumpur.  Eureeca is a truly global platform seeking to help smaller companies raise capital in… Read More

Zoomaal Teams Up With Oasis500 & Flat6Labs to Launch New Crowdfunding Accelerator Program

This week, Middle East’s crowdfunding platform, Zoomaal, announced that it has teamed up with Oasis500 and Flat6Lab launched a new acceleration program. Wamda reported that the program guarantee to approve for seed investment projects in tech, the Internet of Things, wearable technologies, and other physical B2C… Read More

Brief: Linked Finance Hires Former Symantec Director As New Chief Operating Officer

On Tuesday (February 17th), peer-to-peer lender, Linked Finance, announced it has hired Lloyd Nolan as its new chief operating officer. According to The Independent, Nolan joins Linked Finance from computer software company Symantec, where he was senior operations director of the customer management center for… Read More

Real Estate Platform Durise Challenges Traditional Property Investment Market Through the Launch of its First Fundable Property

Real estate crowdfunding platform of GCC and Middle East, Durise, is launching its services online to all  investors in the region and also to those outside region who wish to invest in the market through crowdfunding. The platform’s current offering is one of Dubai’s most prestigious properties, Old… Read More

Eureeca Reportedly Proves a Point Through Efficient Crowdfunding

Eureeca has experienced one of the fastest periods of growth ever recorded in the crowdfunding world during its first year of inception. Through its innovative funding practices, the crowdfunding platform has lowered the barriers to entry giving greater opportunities for investors and businesses. All this has been… Read More

Middle East Crowdfunding Platform Eureeca Preps Future Funding Strategies For Goal Targeting Improvements

After the significant milestones reached by Middle East crowdfunding pioneer Eureeca, the Dubai-based website seeks to up its game with the purpose of reaching more people, businesses and investors interested in its global crowdfunding campaigns. The platform expects to gain major ground in upcoming years, with its rapid… Read More

Search in MENA Finds AngelList Success: Next Alibaba of the Middle East Seeks $400K

Hoping to be the next Alibaba of Middle East, the B2B marketplace Search in MENA helps SMEs create both new channels to attract clients online and build a vast network of product and service providers for Arab Enterprises in the MENA (Middle East and North Africa)… Read More

Wamda Research: Funding is Growing for Startups in Middle East & North Africa

Wamda, a platform to empower entrepreneurs in the Middle East / North Africa (MENA), has published an excellent study on the funding / entrepreneur eco-system in the region.  The very good news is that startup funding is growing in the MENA countries with growth expected to… Read More

Silatech Teams Up With Qatar Charity to Launch New Crowdfunding Platform Dedicated to Young Arab Entrepreneurs

Qatar-based company Silatech announced earlier this week the launch of its crowdfunding platform called Narwi.com. The “micro-giving” platform is a new approach to financing young Arab entrepreneurs and their projects. Noted on its website, the platform is described as the following: “Youth unemployment in the Middle… Read More

Zoomaal Founder Discusses Crowdfunding’s Popularity in the Middle East

As crowdfunding becomes more popular in various countries, recent reports reveal the funding option is gaining attention in the Middle East. According to the Huffington Post, a handful of Lebanese entrepreneurs are using crowdfunding to create and sustain social initiative throughout the country, some of which… Read More

Kiva & Grameen-Jameel Microfinance Launch “Change is in Your Hands”

As the world continues to watch events of trauma, hope, conflict, innovation and resilience unfold throughout the Middle East, Kiva and Grameen-Jameel Microfinance Ltd. have partnered to launch “Change is in Your Hands.” The campaign gives visitors to Kiva/MiddleEast the chance to open the borders of opportunity for entrepreneurs… Read More

Eureeca Celebrates One Year Anniversary of Crowdfunding (Infographic)

Dubai based equity crowdfunding platform Eureeca has exemplified the surge in entrepreneurism in the MENA region.  In many ways, this platform is leading the charge – proving what can be accomplished in a part of the world that has not traditionally been known as a… Read More

Middle East’s First All-Women’s Racing Team Turns To Crowdfunding For New Documentary (Video)

For over five years, The Palestinian Motor Sports and Motorcycle Federation has constructed temporary tracks around major cities in the West Bank. Now, The Speed Sisters, are ready to share details about their participation in racing cars. Currently, the first all-women’s racing team are raising… Read More