startups

Saudi Arabia’s capital Riyadh is among the top five startup ecosystems in the Middle East and North Africa region, according to new data. The international policy advisory and research organization Startup Genome, in collaboration with…
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Saudi businesses are set to gain access to new crowdfunding solutions as Hala Payments Co. has received licensing approval from the Kingdom’s central bank to offer debt-based products. The Saudi-based fintech platform offers inbound and…
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Startups in Egypt have started to gain momentum with several ventures securing funding to boost expansion efforts to the Kingdom. Following a period of startup funding stagnation, Egyptian founders have made their way back to the…
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Almost 12,000 Saudi entrepreneurs received support and training from the Kingdom’s Social Development Bank in the first quarter of 2024, it was revealed. Minister of Human Resources and Social Development Ahmed Al-Rajhi announced in a…
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Aiming to establish itself as a regional financial hub, Saudi Arabia has sent out a compelling invitation to startups worldwide. The Kingdom’s push to enhance its fintech landscape has attracted the interest of MoneyHash, a US-based…
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Saudi startups continue to demonstrate a pioneering stance by capturing almost half of the region’s total venture funding in the first quarter of the year, underscoring the Kingdom’s growing influence in the regional startup ecosystem.…
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Startups across the Middle East and North Africa region are increasingly collaborating through strategic partnerships to enhance the entrepreneurial ecosystem. Ventures from various industries are forging alliances, and signing…
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The burgeoning expatriate community and digital surge in Saudi Arabia have beckoned UAE-based travel tech startup Tumodo to expand its horizons. Vladimir Kokorin, co-founder of the firm, unveiled the company’s ambitious strategy to…
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Saudi Arabia’s entrepreneurship scene witnessed a transformative surge in investment activity at LEAP 2024 – the Kingdom’s highly-attended startup and technology event. Several new venture capital funds are set to launch, it was…
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Saudi Arabia emerged as a significant player in the startup ecosystem this February, raising $16.3 million, making it the second-highest amount secured by any country across the Middle East and North Africa. According to Wamda’s monthly…
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