United Arab Emirates

33 Articles

Financial Technology

Tabby Raises $233 Million at a $6.5 Billion Valuation to Expand Financial Services

Fintech company Tabby has closed a $233 million Series F round, raising its valuation to $6.5 billion, with the transaction still subject to regulatory approvals, including approval from the Saudi Central Bank. The company will use the funding to expand its credit and money management services in Saudi Arabia and the UAE after moving beyond its buy now, pay later model.

2026-09-16

Startups

Synapse Analytics Raises $13 Million to Fund Expansion of Its AI Decision-Making Platform

UAE-based Synapse Analytics has raised $13 million in a Series A round led by Partech, bringing its total funding to $17 million. The company is developing an AI-powered decision-making platform for regulated financial institutions, with models running within the client’s own infrastructure.

2026-09-15

Startups

UAE-Based Keep Converting Raises $2 Million to Personalize E-Commerce Pages with AI

Keep Converting, which specializes in improving conversion rates for e-commerce, has raised $2 million in seed funding led by Nuwa Capital and COTU Ventures as it exits stealth mode. The company says its platform has achieved an average 64% increase in conversion rates across active deployments in the United States, Europe, and the Gulf.

2026-09-08

Financial Technology

Sav Raises $3.5 Million to Fund Its Expansion from the UAE to Saudi Arabia

UAE fintech company Sav has raised $3.5 million in a pre-Series A round led by Phoenix Venture Partners, bringing its total funding to approximately $6 million. The company will direct most of the investment toward entering the Saudi market and developing its AI-based products and infrastructure across the Gulf.

2026-09-07

Startups

COFE Tech Raises Pre-IPO Funding at a $178 Million Valuation and Targets Saudi Listing by 2029

COFE Tech, which began in Kuwait as an online coffee marketplace, closed a pre-IPO funding round at a $178 million valuation without disclosing the investment amount. The company plans to use the funding to expand its AI-powered procurement and enterprise commerce solutions in the region, while targeting a Saudi listing by 2029.

2026-09-02

Startups

Gulf-based company Enhance raises $18.2 million to fund its U.S. expansion

Enhance, a company specializing in personal training management software for fitness clubs, has raised $18.2 million in a round combining equity financing and venture debt. The company will primarily use the capital to accelerate its expansion in the United States, where its platform is used by more than 700 clubs.

2026-09-02

Startups

UAE-based financial AI platform Oro raises $3 million to expand in DeFi

Oro, a UAE-based platform that uses artificial intelligence to turn natural-language financial instructions into multistep transactions across decentralized finance protocols, has raised $3 million in a round led by MH Ventures and Mapleblock Capital. The company says the funding will focus on developing its technologies, expanding its teams, and strengthening its compliance frameworks and institutional integrations.

2026-08-26

Startups

UAE-based Tax Star raises $1.75 million in seed round to expand across the Gulf

UAE-based tax and compliance software startup Tax Star has raised $1.75 million in a seed round, primarily backed by angel investors. The company will use the funding to expand its go-to-market activities, develop its platform, and prepare for the UAE’s e-invoicing requirements ahead of its planned expansion into Gulf Cooperation Council countries.

2026-08-19

Startups

HeyBreez raises $2.5 million to expand its voice AI platform globally

HeyBreez raised $2.5 million in seed funding led by Lunara Partners to develop its infrastructure and accelerate growth across the Middle East, Europe, the Americas, and Asia-Pacific. The startup says it processes more than one million calls per month through its platform for deploying and managing enterprise voice AI agents.

2026-08-19

Financial Technology

UAE-based Naran Raises $10 Million to Finance Expansion in Emerging Mobility Markets

Naran secured $10 million through a combination of equity and debt financing from Landel to expand vehicle and motorcycle financing for ride-hailing and delivery drivers in Latin America and Africa. The company plans to enter the Middle East and North Africa region and make its fleet-management platform available to third-party operators.

2026-08-19

Space and Space Technologies

China Launches a New Batch of Guowang Satellites Days After Long March 7A Failure

China successfully launched a Long March 12 rocket carrying the twenty-fourth operational batch of satellites for the Guowang constellation, less than a week after the failure of Long March 7A. It also launched a Long March 2C rocket carrying an experimental Emirati Earth-observation satellite, bringing the number of Chinese launches in 2026 to 59.

2026-08-17

Startups

Naran raises $10 million to finance expansion in driver mobility solutions

Naran, a mobility financing and fleet management company, has raised $10 million in a combination of debt and equity financing from Emirati investment firm Landel. The company will use the funds to expand its fleets in existing markets, enter new markets including the Middle East and North Africa, and launch new fintech products.

2026-08-15

Startups

Qatar’s Rasmal Ventures Invests in Yuno’s $45 Million Funding Round

Rasmal Ventures joined the Series B funding round of payments infrastructure company Yuno, led by Global PayTech Ventures with participation from investors including Andreessen Horowitz and Tiger Global. The move coincides with Qatar becoming the company’s regional hub in the Gulf Cooperation Council countries.

2026-08-15

Startups

Cobi Raises $1 Million in Pre-Seed Round Led by Lunara Partners

UAE-based startup Cobi has raised $1 million in a pre-seed round to expand enterprise deployments in the Middle East and international markets and develop its platform for turning customer signals into actionable decisions and actions. Plug and Play, Annex Investments, and Spring participated in the round.

2026-08-15

Startups

UAE’s Shaffra Expands Beyond the Gulf with Regional Headquarters in Azerbaijan

Shaffra, which specializes in AI-powered workforce platforms for enterprises, has opened a regional headquarters in Azerbaijan to enter the Caspian region for the first time. The company will offer contact center, sales, and project management solutions there as part of a broader international expansion plan.

2026-08-15