FIVE Holdings secures $460 million revolving credit to support growth and expansion plans. 
The company aims to invest $500 million in the United States, Asia, and the UAE. 
FIVE wants to strengthen its presence in Ibiza and Dubai&#8217;s lifestyle and luxury sectors. 
Repaying debt early is crucial for financial stability amid future market fluctuations. 
The ambitious move highlights MENA&#8217;s growing entrepreneurial scene on the global stage.

Valu, an Egyptian fintech, raised $27 million from Saudi investors for its upcoming stock exchange listing. 
Founded in 2017, Valu initially dominated the &#8220;buy now, pay later&#8221; market in Egypt. 
The company now offers financing packages, investment solutions, and luxury goods financing. 
With new funding and regulatory approval, Valu aims to enhance digital services and expand. 
Saudi backing highlights Egypt’s dynamic fintech scene, with Valu as a leading innovator.

Gainz, an Emirati fintech startup, secured a substantial seven-figure pre-seed investment round. 
Leading investors include Antler MENAP, Lithium Holdings, and Eleventh Invest Inc, with regional support. 
Gainz aims to address a $200 billion funding gap for Gulf SMEs with Islamic-friendly solutions. 
The platform, launched by Shihab Mokhtar and Sherif Abdel Aaty, uses AI to assess credit risk swiftly. 
Backers and a strong business model position Gainz to impact SME financing across the region positively.

BirdEye secured a 2,2 million Saudi riyal boost, closing its pre-seed investment round. 
The platform aids retailers with smart tools to compete against larger market players. 
Funds will expand BirdEye in Saudi Arabia and support tech innovations for retail. 
This aligns with Vision 2030, enhancing small and medium-sized enterprises&#8217; competitive edge. 
Retailers anticipate BirdEye&#8217;s new innovations designed for the Saudi market.

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Editor and Content writer @Arageek | Covering Tech , AI , Startups  in MENA

Majd Alshikh

Majd Alshikh, Author at Arageek

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Arageek: MENA&#039;s Tech Pulse — Web3, AI &amp; Startups

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Editor and Content writer @Arageek | Covering Tech , AI , Startups in MENA

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