Anghami confirms that it is raising a new round and also considering acquisition offers from multiple parties Anghami, the leading music streaming service of the Middle East & North Africa has confirmed that it has signed JPMorgan to work on their next round of funding and is also considering multiple acquisition offers by multiple parties.
Jordan’s Solfeh raises $400,000 seed led by Edgo VC to provide same-day microloans to salaried employees Solfeh according to the statement has extended more than 3000 loans over the past 18 months and has partnered up with more than 60 employers (all of them are public enterprises) to offer its services.
Omani non-profit acquires online Arabic courses marketplace Nadrus Founded in 2014 by Ahmad El Chayati and Ahmad Al-Shagra, Dubai-based Nadrus according to the statement, serves 200,000 Arabic speaking learners with over 100 free and paid online courses on different topics including Microsoft Excel, Adobe Photoshop, ecommerce, and Android Development.
IFC Invests $1m into Flat6Labs’s Anava Seed Fund to Bolster Tunisia’s Startup Ecosystem IFC, a member of the World Bank Group, is investing $1 million into Anava Seed Fund (ASF), an accelerator and early stage fund managed by Flat6Labs Tunisia, to boost tech entrepreneurship and women entrepreneurs in the country.
Algerian ride-hailing startup TemTem raises $4 million in country’s largest Series A from Tell Venture Automotive Algiers-based ride-hailing startup TemTem has raised $4 million in a Series A round, the startup announced in a statement to MENAbytes today. The investment came from Tell Venture Automotive (that’s apparently associated with Tell Group, a Luxembourg-headquartered financial services company) and some other undisclosed investors.
Tunisia’s P2P fashion marketspace Dabchy raises $300,000 seed led by 500 Startups Dabchy, a Tunis-based peer-to-peer (P2P) fashion marketplace has raised $300,000 in a seed round led by 500 Startups and joined by Flat6Labs, Khobar-based Vision Ventures and Daal, and a group of angel investors, the startup announced in a statement today.
Jordan introduces new customs service fee on cross-border online shopping of clothes, shoes and few other products Jordan Customs Authority last week has introduced new rules and custom service fee for personal online cross-border purchases of apparel and clothing, shoes, children’s toys and food items, made by citizens and residents in Jordan. Previously, the products purchased online from international ecommerce websites for personal use were exempt from customs fees.
Meet the three startups from Egypt & Iraq that just graduated from Y Combinator’s S19 batch, receiving $150,000 investment (each) Y Combinator’s summer 2019 (YC S19) batch had 197 companies that graduated from the Silicon Valley-based accelerator program after completing the twelve-week program and presenting at its demo day earlier this week.
Jordan’s Oasis500 launches second fund, now offers up to $100,000 in pre-seed funding to local creative and tech startups Amman-based early-stage investor and accelerator Oasis500 has announced the launch of its second fund Oasis Venture II Fund. The fund has been launched with support and financing from Jordan’s King Abdullah Fund of Development (KAFD), the recently launched $98 million Innovative Start-ups and SMEs Fund or ISSF (their first investment in a fund) and Arab Bank, Oasis 500 announced on Twitter earlier this week.