Paribu steps into the Gulf with $240M CoinMENA takeover
Paribu acquires a majority stake in CoinMENA at a $240M valuation, expanding its regulated crypto presence across Bahrain and Dubai in one of Türkiye’s largest fintech deals.
Saudi’s startup engine powers up again as 500 Global & Sanabil Unveil 10th Accelerator Cohort
500 Global and Sanabil Investments have launched the tenth cohort of the Sanabil Accelerator, selecting nine startups from over 735 applications for a 12 week program.
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.
FAST Ventures launches $3 million FAST Foundry Fund for MENA startups
FAST Ventures launches the $3 million FAST Foundry Fund, a venture-studio model supporting early-stage MENA startups with capital, workspace, and operational resources across AI, adtech, retail tech, and the creator economy.
STC sets new revenue record at SAR 57.9B in first 9 months of 2025
Saudi telecom giant stc Group reports record revenues of SAR 57.9 billion for the first nine months of 2025, driven by digital services, cost efficiency, and strong demand for connectivity in line with Vision 2030.
Saudi Loyalty startup Bonat Raises $6M, Eyes GCC Expansion
Saudi-based customer engagement SaaS company Bonat has raised $6 million in Series A funding, highlighting the growing investor appetite for homegrown enterprise software in the Kingdom.
Saudi fintech Stream raises $4M to power MENA fintech growth
Saudi fintech Stream, founded in 2024 by Ibrahim Aldlaigan, raised $4 million in seed funding led by Outliers VC with participation from BYLD Ventures and Careem co-founder Abdullah Elyas, to expand its automated billing and payments platform across the MENA region.
MidLyr raises USD 2.5M to expand in Egypt & Middle East
MidLyr, an Egyptian-led enterprise-AI startup, has raised USD 2.5 million in pre-seed funding to expand into Egypt and the Middle East, targeting banks and fintechs with its regulation-focused platform.
Pre-IPO share sale pushes Tabby’s valuation to $4.5 billion
Saudi-based fintech Tabby completes a secondary share sale at an implied valuation of USD 4.5 billion, marking one of the largest valuations in the Middle East’s fintech ecosystem as it prepares for a potential IPO.
Pakistani startup COLABS expands to Riyadh with Waseel Partners Investments
Pakistan’s COLABS partners with Waseel Partners Investments to open its first international flagship centre in Riyadh under Saudi Arabia’s Vision 2030.