Startups in the Middle East and North Africa enjoyed a year of massive funding that helped them take root and grow in their respective markets. Saudi Arabia led the way with startups from diverse sectors receiving funding for their expansion and operations.
Hakbah, a Saudi-based fintech startup, successfully closed a $5.1 million series A round, pushing its total funding to date to $9 million.
The investment round was led by VentureSouq, with participation from M-Capital, Bunat Ventures, and existing investors including Global Ventures and Aditum Investment Management Ltd… more
(arabnews)
