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LoanTap, a digital lending platform, has secured ₹74 crore (US$8.6 million) in a pre-series C funding round to enhance its supply chain financing services for small retailers, particularly in the grocery and pharmacy sectors. The investment, led by July Ventures, includes participation from existing investors like 3one4 Capital and Kae Capital. With over 4.5 lakh invoices financed, LoanTap is strategically positioned to address the significant financing gap faced by India's MSMEs, leveraging alternative data for credit assessments to better serve this underserved market.
Artha Venture Fund has achieved a portfolio valuation of five times its invested capital, positioning it among the top venture capital funds globally. This remarkable performance underscores the fund's significant impact in the investment landscape.
Eid Al Adha gold sales in the UAE are facing challenges as the Dubai gold rate remains above Dh370 per gram for 22K, currently at Dh374.5. Retailers note that many shoppers may have already made purchases earlier in the year when prices were more favorable, leading to price resistance at current levels. Meanwhile, there is a noticeable increase in younger investors buying gold through digital platforms, reflecting a shift in investment strategies.
EIGHTClouds has successfully completed a $20 million capital raise in just 11 months, driven by strong strategic interest and oversubscription. The funds will be used for strategic acquisitions in high-growth sectors like Food & Beverage and Hospitality, focusing on scalable concepts and No Exit Plan businesses across the GCC. The firm aims to enhance its involvement in consumer-facing businesses, leveraging favorable demographics and market conditions for long-term growth.
Transamerica Life Bermuda has received regulatory approval from the Dubai Financial Services Authority to operate in the Dubai International Financial Centre, enhancing its presence in the Middle East. This move allows the insurer, which specializes in life insurance for high-net-worth individuals, to tap into a growing financial ecosystem that includes over 125 insurance entities. Adnan Ladki has been appointed as Head of DIFC operations to spearhead regional engagement and expansion efforts.
Scalable Capital, a Munich-based fintech firm, has raised €155 million (US$169 million) in its largest funding round to date, bringing total investments to over €470 million. Founded in 2014, the company has evolved from a robo-advisor to a full-stack investment platform, serving over one million customers managing more than €30 billion in assets. The new funding will support its platform development and expansion across Europe, capitalizing on the growing retail investing market.
The Kuwait Investment Authority has become the first non-founder financial anchor investor in the $100 billion Artificial Intelligence Infrastructure Partnership, which aims to develop scalable AI data center infrastructure globally. This initiative, backed by BlackRock, Microsoft, and other major tech firms, seeks to mobilize up to $30 billion in equity to meet the growing demand for generative AI technologies. KIA's involvement underscores the increasing interest of Gulf sovereign wealth funds in digital infrastructure and aligns with broader national AI strategies in the region.
The Arab Fund for Economic and Social Development's Badir Fund is investing in Shorooq Partners' Nahda Fund II to enhance credit access for SMEs and startups in the MENA region. This partnership aims to provide flexible, non-dilutive financing options, particularly for tech-enabled businesses with recurring revenue. Targeting sectors like fintech and e-commerce, the initiative supports growth without diluting ownership, addressing the capital needs of early-stage companies.
Blockchain Group, based in Paris, has purchased $68 million worth of Bitcoin, marking a significant step in corporate BTC adoption across Europe. This acquisition of 624 Bitcoin increases their total holdings to 1,471 BTC, valued at over $154 million, with a year-to-date yield of 1,097.6%.
Stride Ventures is expanding its presence in Saudi Arabia as venture debt gains traction in the GCC, with plans to double its local team and open a second office. The region's venture debt market has surged at a 54% CAGR, driven by initiatives like Vision 2030 and support from state-backed funds. With a commitment target of US$500 million over the next few years, Stride Ventures aims to support startups seeking non-dilutive financing, reflecting a shift in the Middle East towards becoming a hub for innovation financing.
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fintech firm loantap secures 8.6 million to enhance supply chain financing
06:50 06.06.2025
Artha Venture Fund Achieves Fivefold Return on Invested Capital
06:13 06.06.2025
gold prices remain high as eid al adha sales struggle in uae
05:32 05.06.2025
EIGHTClouds completes 20 million dollar capital raise to expand consumer investments
03:12 05.06.2025
transamerica life bermuda gains regulatory approval to operate in dubai financial centre
13:13 04.06.2025
scalable capital secures 169 million funding to expand investment platform in europe
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10:30 04.06.2025
kuwait investment authority joins 100 billion ai infrastructure partnership
08:24 04.06.2025
Arab Fund and Shorooq Partners enhance SME credit access in MENA region
02:00 04.06.2025
blockchain group acquires 68 million dollars in bitcoin boosting corporate adoption
11:32 03.06.2025
stride ventures expands in saudi arabia as venture debt market surges
05:41 03.06.2025
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