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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STV&#8217;s NICE Fund I offers $100 million to tech startups without taking equity. 
Backed by SAB Invest, NTDP, and others, the fund uses a Sharia-compliant finance model. 
Companies repay based on revenue milestones, aligning with Islamic finance principles. 
The Saudi government aims to boost innovation through strategic public-private partnerships. 
The fund targets high-potential sectors like fintech and logistics until late 2025.

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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