Startup Scene ME
@startupsceneme
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They defy odds and champion change. #StartupScene is the story of the Middle East's fiercest entrepreneurs. A part of @MO4Network.
Cairo, Egypt
Joined November 2016
US-based frontier artificial intelligence company Luma AI will open a dedicated office in Riyadh to accelerate HUMAIN Create, expand regional partnerships and support Arabic-native AI development. https://t.co/tmwPKBqTSG
thestartupscene.me
US-based Luma AI will establish a Riyadh base to support HUMAIN Create and Arabic-native AI development.
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Unveiled at AI Everything MEA in Cairo, 'Egypt Innovate' is a national digital platform built by a consortium led by Entlaq with Robusta and Kamelizer to bring startups, investors, universities, research centres, and public institutions onto one system. https://t.co/jVLRUxrFrI
thestartupscene.me
‘Egypt Innovate’ - built by a consortium led by Entlaq with Robusta and Kamelizer - unifies startups, investors and research centres on one AI-powered national platform.
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UAE-based web3 gaming developer iBLOXX Studios has raised $5.4 million in funding to expand its portfolio of blockchain-enabled multiplayer titles, with investors undisclosed. https://t.co/plsdTsvSib
thestartupscene.me
Web3 gaming developer iBLOXX Studios secures $5.4 million to expand its mobile multiplayer titles, including StrayShot.
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The Central Bank of the UAE has approved the launch of DDSC, a UAE dirham-backed stablecoin, for institutional use on the ADI Chain blockchain. https://t.co/QOxt1dWcLX
thestartupscene.me
The Central Bank of the UAE has approved DDSC a dirham-backed stablecoin issued by IHC Sirius International Holding and FAB for institutional deployment.
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Founded in 2019 by ophthalmologist Dr. Selwa AlHazzaa and her son, Naif AlObaidallah, that encodes forty years of clinical expertise into AI— turning a simple retinal scan into a window for early detection of diabetes, hypertension, and Alzheimer’s. https://t.co/dgbOaqnVgH
scenenow.com
The Saudi AI healthtech startup is turning a veteran ophthalmologist’s expertise into a portable, proactive diagnostic system by using retinal imaging to detect chronic diseases early.
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Dubai-based AI real estate startup Smart Bricks has raised $5 million in a pre-seed funding round led by Andreessen Horowitz, as investor interest grows around technologies designed to automate and accelerate property investment decisions. https://t.co/66HMgC2h6G
thestartupscene.me
Dubai-based AI proptech startup secures $5 million pre-seed to automate real estate investment decisions.
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Saudi-based logistics startup Routech Express has raised $1 million in a pre-seed round led by Qewam Fund, with participation from a group of angel investors, as it looks to expand its digital shipping platform across the Kingdom and into regional markets. https://t.co/CQOkYlLDbm
thestartupscene.me
Saudi logistics startup secures $1 million pre-seed round to expand digital multi-carrier platform.
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The Financial Regulatory Authority has raised the maximum age for microfinance insurance coverage to 65 under an updated standard group insurance model for micro-project funding recipients. https://t.co/l8T1WBr0fJ
thestartupscene.me
The update replaces a 2019 decision and clarifies coverage claims timelines and exclusions for micro project lending.
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UAE-based SME payments fintech Omnispay raised $2 million in a Pre-Series A led by Infinity Value Capital Group to expand its SME finance platform with cash flow tools, embedded credit, and ARIES risk engine; plans include entry into Saudi Arabia. https://t.co/xLvVMtk9yM
thestartupscene.me
UAE-based Omnispay’s Pre-Series A fuels a move beyond rapid settlements toward integrated collect pay borrow workflows and embedded credit across the GCC.
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Gourmet Egypt has secured EGP 1.3 billion in a landmark IPO, marking the first successful EGX listing of 2026. https://t.co/tROGXInKE2
thestartupscene.me
The Egyptian retailer has secured EGP 1.3 billion in a landmark IPO, marking the first successful Egyptian listing of 2026.
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NEO PAY partnered with CredibleX to link SME working capital to UAE merchants’ POS and eCommerce transaction data, promising quicker approvals, digital disbursals, and flexible repayments. https://t.co/t9S9MB9icX
thestartupscene.me
The partnership integrates CredibleX lending into NEO PAY’s payments stack, enabling POS-linked, fully digital working capital access for SMEs across the UAE.
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Securities brokerage services in Egypt are set to reach users through electronic payment applications and other digital platforms after the Financial Regulatory Authority approved a new regulatory framework governing such activity. https://t.co/XJtM7dbNqk
thestartupscene.me
Egypt’s financial regulator has approved the marketing of brokerage services through e-payment apps and digital platforms.
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UAE-based fintech InvestSky raises $4 million seed and expands into Saudi after obtaining a Capital Market Authority Fintech Experimental Permit through a partnership with anb Capital, bringing total funding to $7.4 million. https://t.co/HYordBv24C
thestartupscene.me
Founded in 2021, the social trading platform adds Saudi after a $4 million seed, aiming to widen retail investor access across MENA.
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SIDEUP, an Egypt-founded e-commerce and logistics platform, launched Marhba, an online marketplace for trusted local brands. The platform starts in Egypt with plans to expand to other markets, and integrates shipping, payments, and order management. https://t.co/qyp8lMnuYd
thestartupscene.me
Marhba brings local manufacturers and entrepreneurs onto a single digital marketplace, backed by SIDEUP's infrastructure.
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Saudi-based VC firm MASNA Ventures has launched MASNA Ventures Fund I, an approximately $100M fund focused on KSA’s defence sector, targeting newly established Saudi companies localising US technologies and aiming to speed in-country deployment-to-scale. https://t.co/MPwsA4PgE4
thestartupscene.me
Fund I targets new Saudi companies and adjacent plays in AI, logistics and aerospace services, aligning with Vision 2030’s 50% localisation push.
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Saudi fintech SiFi raised $20 million in Series A funding led by Ra’ed Ventures, with QED Investors, Breyer Capital, MEVP, Sanabil Investments, Khawarizmi Ventures, SEEDRA Ventures, Rua Growth Fund, anb capital, and Tech Invest Com. https://t.co/ZHCeDULhpS
thestartupscene.me
The round follows a $10 million seed, taking total funding to over $34 million, as SiFi expands spend management across Saudi Arabia.
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Egypt-based customer experience platform Tactful AI has raised $1 million in a Pre-Series A funding round co-led by Foras AI and M Empire, with participation from a group of deep-tech angel investors. https://t.co/4OJqYWLqOp
thestartupscene.me
Egypt-based Tactful AI will expand its enterprise customer experience platform across Egypt and EMEA.
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NTT DATA acquired Dubai-based Zero&One, an AWS Premier Tier Services Partner, to deepen cloud services in MENA. Zero&One brings nine AWS competencies, as Saudi’s cloud market reached $4.77 billion last year with an AWS Region due in 2026. https://t.co/c53RanGGU9
thestartupscene.me
The Dubai-headquartered consultancy’s acquisition bolsters NTT DATA’s cloud push as MENA demand grows and Saudi Arabia readies a new AWS Region in 2026.
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Riyadh-based Safqah Capital raised $15.2 million in a seed round led by Shorooq, anb Seed Fund, and Rua Growth Fund to scale Shariah-compliant debt for small and medium real estate developers across Saudi Arabia. https://t.co/encqUt2wjq
thestartupscene.me
Backed by Shorooq, anb Seed Fund, and Rua Growth Fund, Safqah will enhance its data- and AI-led platform and increase financing capacity nationwide.
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The Startups and Entrepreneurship Charter has been launched in Egypt, establishing a national framework intended to formalise cooperation between government bodies and the entrepreneurship ecosystem and to improve conditions for startups. https://t.co/ACzO6JuyEM
thestartupscene.me
The Startups and Entrepreneurship Charter introduces unified policies and over 80 executive measures to improve Egypt’s startup business environment.
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