FlexxPay, a fintech company focusing on employee benefit solutions, raised a pre-series A funding round of undisclosed amount.
HyperPay, a Riyadh, Saudi Arabia-based payment processing company, closed an 8-digit funding round.
Nala, a Riyadh, Saudi Arabia-based digital health service, raised $1m in its first financing.
Jollychic, a Chinese e-commerce platform focusing on the Middle East region, recently completed its US $65m (AED 238.5m) Series C+ funding round.
Public Investment Fund of Saudi Arabia has launched a SAR 4 billion fund of funds.
Starz Play, a Dubai, UAE- on-demand video streaming service, announced a new multi-million dollar funding investment.
SoftBank Group Corp. is to form a private fund for making investments in the technology sector globally.
The massive $3.5 billion investment in mobile black cab hailing service Uber made by the Public Innovation Fund of Saudi Arabia sparked comments by analysts worldwide about the interest of the Kingdom for technology companies.
Nomadd (NO-water Mechanical Automated Dusting Device), a Thuwal, Saudi Arabia-based startup developing a smart and ecological desert solar panel cleaning system, recently closed a $1m Series A funding.