Startups across the Middle East and North Africa (MENA) are attracting significant investor interest, with new funding rounds announced in fintech, HR tech, proptech, and artificial intelligence. The surge highlights the region’s rapid digital transformation and growing role in global technology innovation.
In Saudi Arabia, Arib, a digital financing marketplace, raised $23.5 million in a round led by Merak Capital, combining equity and Shariah‑compliant Murabaha financing. The platform connects users with banks and licensed lenders, offering customers a single digital interface to compare and apply for financing.
UAE‑based RemotePass secured $17.4 million in Series B funding led by EBRD Venture Capital. The workforce platform, which manages payroll and contractor payments across more than 150 countries, plans to expand into Europe and the United States while investing in AI‑driven compliance and automation tools.
In Jordan, the Jordan Capital and Investment Fund launched Manara Ventures, a $70.5 million Shariah‑compliant growth fund targeting more than 20 technology startups. The fund will provide investments ranging from $750,000 to $3 million to support regional expansion for high‑growth companies.
Tunisia’s EYST Technology raised a six‑figure investment from 216 Capital to scale its insurance technology platform, enabling insurers to settle claims instantly through virtual bank cards. The funding will support product development and expansion into markets across Europe, the Americas, Asia, and the Middle East.
Swedish sports tech firm PlayReplay secured $12 million in funding, with plans to expand into key MENA markets including Saudi Arabia, the UAE, Qatar, and Egypt. The company develops AI‑powered systems for racquet sports, including analytics and electronic line‑calling technology.
Egyptian mobility startup ARRW raised $4 million from Tasheed Egypt to expand its ride‑hailing operations and strengthen its driver network and technical infrastructure. Meanwhile, GrowthLabs acquired Startup Gate in a $657,000 deal aimed at building a unified regional ecosystem platform for startups and investors.
UAE proptech firm eVoost AI secured $2.2 million to expand its AI‑driven property sales platform across Europe, the Gulf region, and the United States. UAE‑based Peekabox also raised $1.5 million in seed funding to scale its surplus food marketplace across the UAE and expand into wider GCC markets.
Analysts say the continued flow of capital reflects strong investor confidence in the region’s digital economy, with startups leveraging fintech, AI, and proptech to drive innovation and global competitiveness.
