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.
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.
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.