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UAE 🇦🇪

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BILRS, a UAE-based fintech company, secured funding from Salica Spring Studios and Al Waha’s Fund of Funds. 
The funding amount remains undisclosed but will be used for international expansion and tech development. 
The company enables real-time bill payments through seamless financial service integrations. 
Founded in 2022, BILRS operates in 30 countries and aims to bridge the gap between traditional and digital payments. 
Previously, it raised pre-seed funding from Haatch in September 2023.

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DAMAC becomes the first UAE developer to provide home financing for off-plan projects at this stage. 
The initiative makes luxury real estate more accessible to residents. 
ADIB aims to enhance flexibility in housing finance and support the property market. 
The UAE’s real estate sector continues to experience rapid growth and rising demand. 
The partnership aligns with both companies’ strategies to offer tailored financial solutions for investors.

JP Morgan will provide up to $400 million in a revolving credit facility backed by Deem Finance&#8217;s diversified loan portfolio 
The deal, approved by the UAE Central Bank, enhances financial inclusion and access to credit. 
Structured to allow flexibility, enabling Deem Finance to scale financing in line with portfolio growth. 
The transaction was advised by Daman Investments, which played a key role in structuring and execution. 
Industry leaders from Deem Finance, JP Morgan, and Daman Investments have expressed confidence in the deal’s impact on the UAE’s financial sector.

Revenue climbed 54,2% to AED 92,7 billion, up from AED 60,1 billion in 2023. 
Operating profit surged 49,1%, showcasing IHC’s financial strength. 
Growth was fueled by real estate, construction, maritime services, hospitality, and tech investments. 
Total assets expanded by 52% to AED 401,8 billion, reflecting strategic expansion. 
Net profit after tax reached AED 25,7 billion, with earnings per share (EPS) at AED 7,2.

Hailuo AI secured AED 22 million to expand into Europe and North America. 
Derq won AED 2,7 million from the US Department of Transportation for AI-driven road safety solutions. 
New entrants Framziz Technologies and Neurazon Tech joined in5’s growing startup network. 
Over 1,000 startups have been nurtured since 2013, raising AED 7,8 billion in funding. 
Dubai strengthens its status as a global hub for tech-driven entrepreneurship.

$100M fund launched to back AI-first startups globally. 
Founded by the Gadit brothers, who sold Cloudways for $350M in 2022. 
Unlike traditional VCs, Disrupt com takes a hands-on approach, building startups from the ground up. 
Focus areas include AI, cybersecurity, Web3,0, automotive tech, and retail innovation. 
Comes amid a 29% decline in MENA’s VC funding, making capital harder to access.

Flow48 raised $69 million in a mix of debt and equity in its Series A round. 
The funding was led by Paris-based Breega, with participation from Evolution Ventures, Endeavor Catalyst, Daphni, Speedinvest, 212, and Plus VC. 
The startup offers fast, revenue-based financing, providing up to $20 million to SMEs based on earnings and invoices. 
AI-powered risk assessment allows for fund disbursement within 48 hours, making financing more accessible for small businesses. 
Flow48 plans to expand into Saudi Arabia and scale its technology-driven financial services.

Moro Hub, a digital solutions provider under Digital DEWA, has teamed up with MongoDB to enhance application development in the region. 
The agreement was signed between Moro CEO, Mohammad bin Sulaiman, and MongoDB’s Field CTO, Boris Bialek, at the Museum of the Future in Dubai. 
The partnership focuses on utilizing data-driven solutions to empower businesses and government entities in their digital transformation journey. 
Moro Hub will offer MongoDB services through its Guinness World Record-certified Green Data Center, reinforcing its commitment to sustainability. 
The collaboration aims to accelerate AI-powered applications, helping enterprises remain competitive through continuous innovation.

$4 million raised in a funding round led by Silicon Badia. 
AI-powered platform designed to enhance audience targeting and optimize ad spend ROI. 
Solutions aim to tackle fragmented integrations, low match rates, and compliance challenges. 
The platform enables real-time data updates and delivers up to five times better targeting accuracy. 
Founded in 2023, Journify is headquartered in the US and UAE, with tech hubs in Morocco and Jordan.

Cashfree Payments secured $53 million in a funding round led by KRAFTON, with support from Apis Partners. 
The fintech firm is set to expand its operations in the UAE and across the wider Middle East. 
Cashfree is leveraging its strategic partnership with UAE-based payments company Telr to enhance its services in the region. 
With a strong presence in India, where it processes $80 billion in annual transactions, Cashfree aims to bring its expertise to new markets. 
The company currently serves over 800,000 businesses and is pushing for a stronger global footprint.

2PointZero acquires Egypt’s Masira Holding to enhance financial inclusion. 
A new entity, “Masira Holding,” will be established in Abu Dhabi. 
Masira focuses on AI-powered financial services for low- and middle-income individuals and SMEs. 
The company aims to create a cross-continental financial platform, targeting Asia and Africa. 
2PointZero commits a $1 billion investment into Masira over the coming years.

Agthia increased its ownership of Abu Auf from 70% to 80% after acquiring an additional 10% stake. 
Abu Auf’s revenue surged 33% in 2024, with EBITDA rising by 70% and over 100 new stores opened. 
Agthia’s exports from Egypt grew by 50% in the first half of 2024, increasing Egypt’s contribution to the group’s revenue from 15-16% to 20%. 
The acquisition reflects Agthia’s confidence in Abu Auf’s growth potential and innovation. 
UAE companies have been ramping up investments in Egypt’s food and beverage sector, with several high-profile acquisitions.

Blum secured $5 million from investors, including gumi Cryptos Capital, Spartan, and OKX Ventures. 
The funding will be used to refine its trading bot and strengthen blockchain integrations. 
The platform has shifted from a &#8220;Click to Earn&#8221; to a &#8220;Trade to Earn&#8221; model to boost active engagement. 
Over 1 million users have adopted its AI-powered trading bot. 
Blum’s Telegram community has surpassed 32 million members, with 2,2 million unique wallet interactions recorded.

The $12,5 million funding round was led by Shorooq Partners, reinforcing investor confidence in the self-storage market.
The Box provides flexible storage units ranging from 25 to 1,000 square feet, serving both individuals and businesses.
The company plans to build a cutting-edge storage facility in central Dubai as part of its expansion.
Dubai’s growing expat population and evolving business landscape are driving increased demand for storage solutions.
Shorooq Partners sees the investment as a strategic move to support the UAE’s expanding logistics and storage sector.

Mubadala acquires a minority stake in Apleona, a leading European facility management company.
Investment aligns with Apleona’s growth ambitions and expansion in sustainable building solutions.
The company plans to enhance digital transformation and AI-driven facility management.
Apleona has acquired and integrated 14 strategic firms, including the transformational acquisition of Gegenbauer Group in 2023.
The deal is subject to regulatory approvals before final closure.

The funding round was led by Prosus Ventures, with enthusiastic participation from Wamda Capital, 10x Founders, and Dara Holdings.
 qeen ai develops autonomous AI agents that streamline content creation, marketing, and conversational sales for online businesses, enhancing efficiency and growth.
 Since its launch earlier this year, the company&#8217;s Dynamic Content agent has generated over 1 million product descriptions, reaching more than 15 million users and boosting merchant sales by an impressive 30%.
 The fresh capital will be used to expand the platform&#8217;s capabilities, hire top talent, and broaden its customer base both regionally and internationally.
 Founded in 2023 by former Google and DeepMind colleagues, qeen ai aims to become the leading AI technology partner for e-commerce businesses seeking to innovate and thrive in a competitive market.

Educhain teams up with Rarome to expand into K-12 school management solutions. 
 Rarome offers tools for attendance tracking, timetable scheduling, appointment management, and visitor management. 
 Educhain is a leader in digital credentialing for higher education institutions. 
 The collaboration seeks to integrate Rarome&#8217;s ERP solutions with Educhain&#8217;s credentialing services for a seamless platform. 
 Financial specifics remain undisclosed, but the partnership promises significant advancements in educational technology.

TeamSec, a fintech company focusing on AI-powered securitization, has received $7,6 million in new funding. 
 The investment comes from Rasmal Ventures (Qatar) and Deniz Ventures, the venture arm of Emirates NBD Group&#8217;s DenizBank. 
 Funds will support TeamSec&#8217;s expansion in the Middle East and North Africa (MENA) region. 
 The partnership highlights a commitment to digital transformation within the financial sector. 
 TeamSec aims to enhance the financial ecosystem&#8217;s efficiency and transparency with its innovative platform.

Empowering Property Owners: Silkhaus&#8217;s innovative platform helps property owners maximize their income by tapping into the booming short-term rental market.
 Expansion Plans: With fresh funding, Silkhaus aims to strengthen its presence in Dubai and Abu Dhabi while venturing into exciting new markets like Riyadh.
 Boosted Earnings: Owners using Silkhaus are raking in 20-40% more income compared to traditional rentals—talk about a lucrative upgrade!
 Rapid Growth: The startup has more than doubled in size over the past year, marking a staggering 120% growth.
 Market Potential: Silkhaus predicts the short-term rental market in the Middle East, North Africa, South Asia, and Southeast Asia will skyrocket to an $18 billion opportunity by 2026.

Pioneering AI Technologies: RetailHub is renowned for its innovative AI-driven shelf analysis systems that help retailers keep shelves stocked, minimize stockouts, and elevate the overall shopping experience.
 Commitment to Sustainability: By reducing food waste and optimizing inventory, RetailHub not only boosts retailers&#8217; bottom lines but also contributes to environmental conservation—a cause close to many hearts.
 AngelSpark&#8217;s Visionary Investment: Founded in 2023, AngelSpark is dedicated to empowering early-stage startups that push the boundaries of innovation. Their investment in RetailHub underscores their mission to fuel growth in cutting-edge industries.
 Shaping the Future of Retail: This partnership is poised to accelerate the development of advanced retail technologies, promising to bring about a new era of efficiency and sustainability in the retail sector.