The initiative is a partnership between Value Makers Studio, the Economic Development Centre and Madinah’s Chamber of Commerce.
Since its pilot launch, the platform has disbursed Dhs100 million in loans within just eight months, serving over 100,000 SMEs.
The UAE’s market potential is underscored by its 3.7 million underbanked expatriates, with monthly income of over Dhs10 billion.
The Orange Corners Innovation Fund (OCIF) supports Iraqi entrepreneurs with resources, technical expertise and networking.
The newly secured funding will enable the company to expand its Web3 banking services in the MENA region and beyond.
The new funds will be used to accelerate CredibleX’s expansion, enhance its services and support a larger number of SMEs.
Tawuniya offers mentorship, funding, and market access for startups in insurtech and fintech.
San Francisco-based Crusoe aims to address the growing demand for sustainable AI infrastructure by utilising clean energy.
The Bahrain-headquartered edtech’s funds will help expand its student discount platform across the MENA region.
The investment will support Quantix’s CashNow platform, offering personal loans and credit to enhance financial inclusion.
The healthtech company secured pre-Series A funding to advance its 3D-printed MediChip platform for localised cancer treatment.
The fund hopes to support promising founders in the fields of Web3 and AI technology.
Founded in 2024 by Walid Dib and Hassanain Anver, Better aims to provide men with personalised solutions for physical health.
The VC fund will focus on sectors such as fintech, logistics, and proptech, targeting Pre-Series A and Series A stages.
The plans follow a $15 million investment led by Africa50, the pan-African infrastructure investor and asset manager.
The government is targeting $5 billion in startup investments, up from the current figure of around $500 million.
