MENA Startup Funding Round-up for September Week 2

The list below contains all the various startups in the Middle East and North Africa (MENA) region that secured funding last week according to Jamie Lane. The startups are as follows:

1. Paymob (🇪🇬 Egypt), a fintech providing online and offline merchants with digital payment solutions,  has raised a $22 million Series B extension round, bringing the company’s total Series B funding to $72 million.

Founder: Islam Shawky, Alain El Hajj, and Mostafa Menessy

Investor: Led by EBRD Venture Capital with participation from Endeavor Catalyst, along with existing investors, including PayPal Ventures, BII, FMO, A15, Nclude and Helios Digital Ventures.

2. FlapKap (🇦🇪 UAE), a fintech platform offering revenue-based financing solutions, has raised a $34 million pre-Series A round, through a combination of debt and equity funding.

Founder: Ahmad Coucha, Khaled Nassef, Sherif Bichara, and Kunal Harisinghani 🔥

Investor: Led by BECO Capital with new investment from Pact VC, plus follow-on contributions from A15, Nclude, QED Investors, and debt financing from Channel Capital.

3. IO Kitchens (🇴🇲 Oman), a cloud kitchen platform that offers managed cloud kitchen facilities and a kitchen-as-a-service platform, has raised $2.8 million in a Seed funding round.

Founder: Hisham Hasan

Investor: Led by Tanmia Small-Cap Fund and supported by a group of family offices and regional investors.

4. Regards | ريجاردز (🇸🇦 KSA), a premier experience gifting platform, has raised $1.5 million in a seed funding round.

Founder: Yasser Al Juma, Sultan Binjumah and Saad Al Mazroui

Investor: Led by Core Vision Investment.

حصتك5.  – Hissatech (🇸🇦 KSA), a proptech platform allows individuals to co-own properties, has raised $670k in a pre-Seed round.

Founder: Ali Alshareef

Investor: Angel investors.

6. 🇯🇴 Flat6Labs Jordan graduated its sixth cohort of 7 startups, with each startup receiving up to $115k in equity funding from the program:

Vamu (🇯🇴 Jordan) – Cybersecurity;

Vatrin (🇪🇬 Egypt) – Website enablement SaaS;

Turqat – طرقات (🇵🇸 Palestine) – Automotive platform;

Repaymi (🇦🇪 UAE) – Payment collection;

adwiyah (🇯🇴 Jordan) – B2B SME financing;

Andalusi App (🇦🇪 UAE) – Design app; and

Tawqi3i (🇯🇴 Jordan) – eSignature platform.

7. 🇸🇦 Flat6Labs Riyadh graduated its third cohort of 10 startups, with each startup receiving up to $130k in equity funding from the program:

Phys فز (🇸🇦 KSA) – Playtime screen time management;

Clymb.ai (🇦🇪 UAE) – OS for distributors/wholesalers;

Yamm (🇸🇦 KSA) – Seamless refunds;

وازن | Wazen (🇸🇦 KSA) – ERP/CRM/HR solutions;

WATEER | وتير (🇸🇦 KSA) – Digital invoicing;

SARsatX (🇸🇦 KSA) – Space data platform;

Fahis فاحص (🇸🇦 KSA) – Used car inspections;

Tashleeh Pro (🇸🇦 KSA) – Auto parts hub;

Money Loop Fintech(🇸🇦 KSA) – Savings and lending; and

Holoul (🇸🇦 KSA) – Quick financing solutions.