Wamda has launched ‘The state of the pre-seed startups in MENA’ report in collaboration with STEP Conference, the leading technology festival for emerging markets. The report features findings based on data from 627 startup founders who applied to the Wamda X fellowship programme and includes research supplemented by STEP. The UAE remains the regional hub […]
Wamda Invests in Cash on Delivery Alternative Tabby
Wamda has invested in UAE-based financial technology startup Tabby, a platform leveraging proprietary technology to improve current inefficiencies in the Middle East and North Africa payment landscape.
Wamda Capital Continues to Invest in Twiga Foods
Kenya-based startup Twiga Foods has raised $23.75 million in a Series B equity round led by Goldman Sachs, with participation from existing investors, including Wamda Capital, the International Finance Corporation, TLcom Capital, and Creadev. This is Goldman Sachs’ first major investment in a Kenyan technology company. An additional $6 million in debt was raised from […]
KSA’s Online Grocery Platform Nana Direct Raises $6.6 Million in “Series A” Funding
Middle East Venture Partners (MEVP) and Impact46 have co-led an investment in KSA-based Nana Direct, an online grocery platform serving 13 cities across the Kingdom. Other investors include Watar Partners, Saudi Venture Capital (SVC) Company, and Wamda. Nana has built a technology suite that seamlessly coalesces grocery customers, in-store pickers, Supermarkets, and last-mile delivery fleet. […]
Egypt’s Startup Ecosystem is Suffering Due to Currency Devaluation
Despite having one of the more vibrant startup scenes in the region, entrepreneurs in Egypt have been struggling with maintaining revenues, raising finance and acquiring good talent.