Funding Trends in Startups Across Africa and the Middle East – Report for Week 38, 2025 (Design representation included)
The entrepreneurial spirit in the Middle East is thriving, with a wave of startups grabbing the attention of investors and the world. This region is becoming a hub for innovation, as startups are solving local problems while aiming for global impact.
In Morocco, Done.ma is pursuing the development of a homegrown Super App, securing $2.1 million in funding. Meanwhile, in Saudi Arabia, Spare has strengthened its open banking infrastructure with a $5 million investment. Oumla, another Saudi startup, has raised $2.4 million to expand its digital asset infrastructure.
The trend continues in Bahrain, where Fintologya received $1 million for fintech infrastructure. In Oman, Rihal, an enterprise SaaS startup, received $7.5 million in funding. These investments reflect the growing interest in the region's tech sector.
The startup scene in the Middle East is not limited to Saudi Arabia and its neighbours. In Nigeria, Kredete secured a $22 million Series A to tackle access to credit for African immigrants. This round was backed by AfricInvest, Partech, and Polymorphic Capital, among others.
The UAE is also part of this exciting landscape. Armoir, a luxury luggage startup, landed $500,000 to reinvent the industry. Saudi-based Zahib raised seed funding to modernize laundry logistics.
Amaani, a UAE-based beauty and wellness platform, raised $3 million to launch its Arab beauty brand, AÏZA, a first for Peak XV's Surge in the MENA region. This investment will undoubtedly propel the growth of the regional beauty industry.
One of the most significant investments in the region recently was Hala, an embedded finance leader in Saudi Arabia, which raised $157 million in a Series B round, one of the largest fintech rounds ever in the Middle East.
Wadaie from Saudi Arabia also closed its own seed round with backing from regional investors. These investments highlight the potential for growth and innovation in the Middle East.
The world should indeed pay close attention to the vibrant startup scene in the Middle East. As these startups continue to secure funding and make strides in their respective industries, the region is poised to become a global player in the tech world.
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