Startups across the Middle East and North Africa continued to attract major investments this week, with companies in fintech, property technology, employment services and artificial intelligence securing fresh funding.
Saudi fintech platform Arib raised $23.5 million in a funding round led by Merak Capital.
The company said the money would be used to expand its digital financing marketplace and launch new products for consumers and businesses in Saudi Arabia.
UAE-based employment and payroll company RemotePass secured $17.4 million in Series B funding to support expansion in Europe and the United States.
The company currently manages payroll and workforce payments across more than 150 countries.
In Jordan, Jordan Capital and Investment Fund launched Manara Ventures, a $70.5 million fund aimed at supporting technology startups and growth-stage companies.
Tunisia’s insurance technology startup EYST Technology also raised fresh investment to support international expansion.
Meanwhile, Swedish sports technology company PlayReplay announced plans to expand into Middle Eastern markets, including Saudi Arabia, the UAE, Qatar and Egypt, after raising $12 million.
Egyptian ride-hailing startup ARRW secured $4 million to expand its transport services and improve its technology platform.
UAE-based proptech startup eVoost AI raised $2.2 million for product development and global growth, while surplus food marketplace Peekabox secured $1.5 million to expand across Gulf markets.
Industry analysts say investor interest remains strong in regional startups focused on digital payments, AI, logistics and financial technology as Gulf countries continue pushing economic diversification plans.
-20260525080358.png)
-20260518103036.webp)
