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Money Fellows has secured USD 13 million in funding led by Al Mada Ventures and DPI Venture Capital, raising its total investment to over USD 60 million. The funds will be used to enhance its digital platform and expand into North African markets, particularly Morocco, while modernizing traditional savings practices to promote financial inclusion.
Money Fellows, a leading fintech platform in Africa, has raised $13 million in a new funding round, bringing total investments to over $60 million. The funds will enhance its digital platform and support expansion into North Africa, particularly Morocco, aiming to modernize traditional savings and credit systems for over 8.5 million users. The investment is co-led by Al Mada Ventures and DPI Venture Capital, with contributions from Partech and CommerzVentures, all focused on driving financial inclusion across the region.
Huawei hosted the Intelligent Africa Summit 2025 in Marrakech, focusing on how AI can drive inclusive development across Africa. Key leaders emphasized the importance of collaboration, digital transformation strategies, and leveraging the continent's youthful demographic to foster innovation and resilience. The event highlighted Huawei's commitment to building intelligent infrastructure and promoting customer-centered opportunities in the evolving digital landscape.
CNTXT AI has launched Munsit, the world's most accurate Arabic speech recognition model, surpassing major competitors like OpenAI and Microsoft. Built in the UAE, Munsit offers real-time transcription in Modern Standard Arabic and over 25 dialects, empowering organizations with full control over Arabic voice data. This innovation marks a significant advancement in AI technology tailored for the Arabic-speaking world.
CleanMob has secured USD 1.3 million in seed funding to enhance its smart fleet management solutions for thermal, hybrid, and electric vehicles. Founded by Moroccan brothers Salah and Khalil Hajji in 2021, the startup aims to target mid-to-large companies in France, focusing on 50,000 connected vehicles while utilizing AI and smartphone technology for energy monitoring and CO2 optimization. Their no-hardware approach offers a quick implementation for fleets transitioning to low emissions, distinguishing them from traditional telematics solutions.
UAE-based True Gamers has secured USD 5 million in seed funding to expand its operations across MENA and Europe, following a USD 45 million raise in January for establishing over 150 esports venues in Saudi Arabia. Founded in 2022, the company aims to enhance its franchise network and tech capabilities while contributing to the growth of the regional esports industry. True Gamers currently operates 14 gaming cafés in the UAE and plans to open additional locations in Morocco, Saudi Arabia, Jordan, Germany, and France.
True Gamers, a UAE-based gaming club chain, has secured $5 million in a seed funding round, bringing its total funding to $15.5 million. The company plans to expand its franchise network across MENA and Europe, aiming for a 10% market share in the gaming café sector by 2030. Founded in 2022, True Gamers currently operates 14 cafes in the UAE, with additional locations in development across several countries.
True Gamers has secured $5 million in seed funding to expand its gaming club chain across MENA and Europe, bringing its total funding to $15.5 million. The company aims to capture 10% of the gaming café markets in the US, Europe, and MENA by 2030, operating 14 cafes in the UAE with plans for 10 more in various countries. Founded in 2022, True Gamers is led by Anton Vasilenko and Vladislav Belyanin, who previously established a major gaming café network in the CIS region.
Turkish fintech Sipay has raised $78 million in a Series B funding round, elevating its valuation to $875 million. Targeting emerging markets, Sipay aims to provide an all-in-one fintech platform that includes remittance solutions and white-label tools, challenging established players like Stripe. With over 25,000 registered merchants in Turkey, the company plans to expand into Africa, Southeast Asia, and the Middle East, addressing the growing demand for digital financial services.
Crédit Agricole du Maroc Group is showcasing innovation in agriculture at the Salon International de l’Agriculture au Maroc (SIAM 2025) by launching the “CAM INNOV’#2025 AgriTech” program, featuring eight selected startups. The initiative includes tripartite agreements with COMADER and the startups to tailor applications for farmers' needs, reinforcing the group's commitment to transforming the Moroccan agricultural and financial sectors through sustainable innovation.
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money fellows secures 13 million to enhance digital savings platform in africa
10:23 05.05.2025
money fellows raises 13 million to expand fintech services in north africa
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emerging tech startups redefine luxury retail and gaming in the middle east
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