Brimore, Egypt’s largest social commerce platform, has closed its Series A round of $25 million, led by the International Finance Corporation (IFC) and Endure Capital with participation from Fawry, Flourish, Endeavor Catalyst Fund and existing Brimore investors including Algebra Ventures, Disruptech, Khawarizmi Ventures and Vision Ventures. The fresh funds will be used to grow its […]
UserTesting, a video-based human insight provider, announced a new partnership with Quantum Metric, the pioneer in Continuous Product Design (CPD), to help companies put the customer at the centre of their business. The combined offering will empower organisations with quantified, customer-driven insights that transform how they design and deliver innovative digital products and experiences. “Customer […]
The UAE retail economy continues to show robust signs of recovery, surpassing 2019 levels by achieving a 4.5 per cent growth in overall consumer spending in 2021 and presenting a positive outlook for 2022. Unsurprisingly, eCommerce flourished in 2021 as consumers continued to prioritise convenient shopping experiences. POS (point of sale) data revealed a 104 […]
Sage Africa and Middle East, the provider of business management software and TimeLinx Software, publishers of TimeLinx Project and Service Management solution have agreed to expand their distribution agreement to include the entire region. The original agreement was reached in 2016 but was limited to 11 countries in the Middle East. “TimeLinx is very pleased […]
As part of DAMAC’s vision towards digitisation and commitment to listen to and address customer needs, the Company’s Technology Department has implemented a variety of new tech-features to simplify processes for DAMAC residents. Entry into DAMAC towers and communities will become easier and more efficient with the roll out of VMS (Visitors Management System). Under […]
Baly, Iraq’s first superapp, announced the closing of the largest seed round in the tech history of Iraq. The company, backed by Germany’s Rocket internet, raised $10.5 million from Kingsway Capital, MSA Capital, Global Founders Capital, Vostok Ventures, Majid Al Futtaim and March Holding. The amount and the class of participating investors signals strong confidence […]
Emirates Telecommunications Group Company PJSC (Etisalat Group) announced that it has completed the acquisition of elGrocer DMCC. Founded in 2015, elGrocer is an online marketplace for groceries operating in all seven Emirates of the UAE. It brings together major retailers and specialty stores on a single platform with more than 500 outlets and 120K products […]
Emerge, a social virtual connection company, announced the launch of the Emerge Home system: the first product to enable immersive ‘bare-hands’ tactile experiences in the Metaverse. A recent study from National Research Group, uncovering consumer views of the Metaverse found that the majority are excited about the Metaverse, but 78 per cent of consumers say […]
Waterfield Technologies has acquired VoxGen, a provider of bot strategy and design, accelerating the growth of its conversational artificial intelligence practice. Financial terms of the deal were not disclosed. “VoxGen will be an integral part of our conversational AI practice,” said Evan Jones, chief customer officer of Waterfield. “Companies, from mid-market to enterprise, are transforming […]
Egypt-based Splendapp has raised a six-figure pre-Seed round from Saudi Arabia-based angel investors. Founded in 2020 by Mohamed Shahin and Mohamed Khaled, SplendApp helps its users create mobile applications for their own use in less than 48 hours. The company plans to use the funding to develop its software stack and accelerate its expansion in […]
