Company Insights Wamda Banking and Finance Wamda News Egypt dominates Mena startup funding rankings in May The amount of funding raised by startups in the Middle East and North Africa (Mena) rose 62.7 percent year-on-year in May. But it still declined 40 percent month-on-month to record the lowest monthly amount so far this year, according to data compiled by Wamda, the largest early-stage investment fund in the Middle East. A total […] June 17, 2022 Tech Facebook’s Meta signs partnership to support Saudi tech startups Meta, the company formerly known as Facebook, has announced a new partnership with Riyadh-based STV (Saudi Technology Ventures), the Middle East’s largest venture capital fund, to support the growth of technology startups in the kingdom. Founded in 2018 by Abdulrahman Tarabzouni, STV has capital of over $500 million and it’s portfolio of investments includes regional […] May 19, 2022 Saudi credit to SMEs up 11.5%, startup funding up 145% Credit provided by Saudi financial institutions to small businesses rose by 11.5 percent last year, while funding raised by startups in the kingdom is up 145 percent this year, as the Riyadh government continues to encourage the development of the country’s local business community. Credit awarded to Saudi micro, small and medium-sized enterprises reached 203.25 […] May 18, 2022 Posts navigation Previous 1 … 6 7
Egypt dominates Mena startup funding rankings in May The amount of funding raised by startups in the Middle East and North Africa (Mena) rose 62.7 percent year-on-year in May. But it still declined 40 percent month-on-month to record the lowest monthly amount so far this year, according to data compiled by Wamda, the largest early-stage investment fund in the Middle East. A total […] June 17, 2022
Tech Facebook’s Meta signs partnership to support Saudi tech startups Meta, the company formerly known as Facebook, has announced a new partnership with Riyadh-based STV (Saudi Technology Ventures), the Middle East’s largest venture capital fund, to support the growth of technology startups in the kingdom. Founded in 2018 by Abdulrahman Tarabzouni, STV has capital of over $500 million and it’s portfolio of investments includes regional […] May 19, 2022
Saudi credit to SMEs up 11.5%, startup funding up 145% Credit provided by Saudi financial institutions to small businesses rose by 11.5 percent last year, while funding raised by startups in the kingdom is up 145 percent this year, as the Riyadh government continues to encourage the development of the country’s local business community. Credit awarded to Saudi micro, small and medium-sized enterprises reached 203.25 […] May 18, 2022
