The Wire
Every move in MENA tech, dated and sourced.
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A morning read and a free, public deal tracker for the Gulf and the wider region. Here is what lands in your inbox, how records are made, and how to send us a move.
A fund bigger than $10B, sukuk stapled to equity, a studio graduate, a listed champion co-leading a Series A and a storefront buying its payment rail. Who wins.
The Saudi e-commerce platform buys a SAMA-licensed payments company for an undisclosed sum, adding online and in-person acceptance, SoftPOS and multi-currency.
The Riyadh car-buying platform takes an inside round from an existing investor to expand nationwide delivery and platform operations.
The Saudi corporate-travel platform takes SAR 94.3M, with Artal Capital, stc's tali ventures and Aljazira Capital, to launch embedded deferred payments for large enterprises.
BSF Capital would manage a debt-and-equity vehicle to finance 250 MW of capacity built with Al Moammar Information Systems, with a path to 1 GW.
The PIF-owned AI champion will run the vehicle from Saudi, the US, France and the UK, with a Saudi-only fund called HUMAIN Limitless alongside it.
The first Sanabil Studio venture to close an institutional round, led on equity by Idrisi Ventures with a debt facility from BLOMINVEST, announced at LEAP.
The profitable YC W23 logistics platform takes SAR 37.5M from a listed PIF digital champion and a regional VC, with Y Combinator, COTU and D Global in the round.
MRG Economic Group leads the round for the Egyptian coding school with more than 120,000 students, with Amr Saad and strategic angels joining.
The CoinDCX-owned MENA crypto exchange, with roughly $8.5B in cumulative spot volume, hands the desk to an ex-HSBC, Deutsche Bank and Fuze Finance executive.
The Kuwait-born company, formerly COFE App, is co-led by Aramco's Wa'ed Ventures and Aditum, with Masarrah and Alyasra Foods; the amount raised was not disclosed.
Global Ventures leads the equity and Stride Ventures provides the debt for the Dubai-founded personal-training software used by more than 700 US clubs.
The Amman-based learning platform adds a teacher-and-learning-centre SaaS to move from B2C learning into B2B tooling; terms undisclosed.
The undisclosed investment, unveiled at LEAP 2026, puts translation, document-intelligence and archive-digitisation agents on HUMAIN's compute.
The Saudi carbon-management and sustainability-accounting platform adds water, waste and energy modules and builds in-Kingdom compute for data sovereignty.
The Nasdaq-listed mobility company funds US expansion and a lending product for transport operators after Q1 revenue rose 68% to $8.2M.
The Emirati geospatial-AI company, formerly Farmin, scales its Stella operating system for satellite imagery, maritime intelligence and environmental monitoring.
The Dubai-based stablecoin neobank hits a $1B valuation eight months after its $51M Series B, with Speedinvest in the round and $119M raised this year.
The Saudi startup deploys camera, sensor and edge-compute agents that make real-time decisions inside retail stores and service centres.
The Riyadh core-banking operating system, with customers including Raya Financing, LuLu Exchange, Noqodi and Foodics, takes total funding to $35M.
Headline, actually, so what: decomposing the largest early-stage number of the spring shows why the desk computes heat on equity.
Iliad Partners leads the equity, Partners for Growth provides a credit facility and Shorooq adds mezzanine as the Dubai fintech scales supplier financing across MENA.
The operator-run UAE fund beats its $20M target with family offices, corporate strategics and industry operators as LPs, with five investments already made.