Debt & Grants

EvolutionX leads $50M investment in Kitopi as UAE cloud kitchen scales regionally

Kitopi secures $50 million in growth capital led by EvolutionX to expand its cloud kitchen and F&B technology platform across the GCC, following profitability and accelerating franchising plans.

Flooss locks in $22M facility to expand Shariah compliant lending

Bahrain based Shariah compliant fintech Flooss has secured a $22 million credit facility structured by Shorooq, as it scales its digital consumer financing products under Central Bank of Bahrain regulation.

Saudi fintech Erad raises $125M to expand embedded SME Lending in Gulf

Saudi fintech Erad has secured a USD 125 million credit facility with Jefferies and Channel Capital to scale SME financing across the GCC, expanding working-capital access for SMEs amid a regional credit gap.

KarmSolar to invest USD 110M in Egypt’s renewable energy

BRKZ raises $30 million venture debt from Stride Ventures

Saudi construction-tech startup BRKZ secures $30 million in venture debt from Stride Ventures to expand its procurement and embedded-finance platform, as venture debt gains momentum across the Kingdom’s startup ecosystem.

Ares Backs Dubai’s Property Finder with $250M debt financing

Dubai’s Property Finder raises USD 250 million in debt from Ares Management to fund AI innovation and expansion across the Middle East.

Egyptian fintech MNT-Halan taps debt market again with $71.4M issuance

Egyptian fintech unicorn MNT-Halan raises $71.4 million in its seventh securitised bond deal to expand lending and deepen financial inclusion across Egypt.

Saudi Institutions unite to power $10 Billion in Entrepreneurial financing at Biban 2025

The Biban Forum 2025 concluded with over USD 10 billion in financing deals, as Saudi Arabia deepens its push to become a global hub for entrepreneurship and SMEs.

Riyadh’s Tamara to land $1.4 Billion debt , expanding global BNPL race

Reno attracts $4M as AI Home renovation demand surges across the Gulf

Reno raises $4M in a mixed equity and debt round to scale its AI powered renovation platform, launch a real-time design app and expand operations across the GCC.

African fintech fund First Circle Capital gets $6M from IFC to boost early-stage startups

The International Finance Corporation (IFC) invests $6 million in First Circle Capital to accelerate early-stage fintech innovation and gender-smart venture funding across Africa.

Biban forum 2025 opens with $6B funding boost

The Biban Forum 2025 in Riyadh opens with more than USD 6 billion in financing agreements to empower Saudi entrepreneurs and SMEs in line with Vision 2030.