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Startups flourish from Morocco to Saudi Arabia

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Startups across the Middle East and North Africa region have raised significant funding rounds, signaling a rebound in the venture capital space. Saudi Arabia's fintech sector saw notable investment in LYNK, a Shariah-compliant financial services platform. Tamara, a buy now, pay later giant in Saudi Arabia, secured an additional $250 million in debt financing. Egyptian edtech company Akhdar completed a funding round led by Saudi Arabia's Value Maker Studio to expand into the Saudi market. Saudi cybersecurity startup COGNNA raised $2.25 million in a seed funding round, while UAE-based fintech startup Mafhoom Technologies raised $1.36 million in a pre-seed funding round. Morocco-based logistics startup CloudFret raised $2.1 million, and UAE-based logistics startup Wize secured $16 million in a pre-seed funding round.

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