Baly, which describes itself as Iraq’s first super-app and is backed by German tech incubator Rocket Internet SE, offers ride-hailing in Baghdad
start-up funding
Latest in start-up funding
entrepreneurship
Inside the funding challenges of female-led start-ups in a ‘man’s world’
MENA’s women-founded businesses received only 11 percent of funding in 2018, on a par with US averages amidst hidden biases and barriers
business deals
Middle East and Africa region sees spike in start-up funding as investments hit $2.1bn in H1
Series B fundraising by start-ups accounted for the highest share in value terms, cornering 40 percent of the total investment pie this year, while early stage ventures topped the table in terms of the number of funding deals closed so far, latest research shows
Foreign investors
More funding needed for women-led start-ups in Middle East and North Africa
Accelerator-cum-investment firms such as Village Capital are using digital tools and ‘peer selection’ models to mitigate gender bias and perceptions of high risks about women entrepreneurs
buy now
Gulf’s buy now, pay later platform tabby closes $50m funding round
Latest funding round comes just one month after tabby raised $50m in debt financing, bringing the company’s total fundraising to over $130m in less than two years