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Investor Confidence Surges as MENA Startups Secure Major Series A Funding

Prime Highlights

  • MENA tech startups are attracting big investor capital, a reflection of strong confidence in the region’s digital innovation.
  • Fintech, AI-powered language platforms, and rapid-commerce platforms are leading growth and funding categories.

Key Facts

  • Egypt’s Thndr and Sylndr both secured $15.7 million Series A rounds of funding.
  • UAE’s Tarjama raised $15 million to continue developing Arabic-targeted AI technologies.

Key Background

The MENA region is emerging as a rising power in the tech startup scene, marked by a series of high-profile bets on fintech, artificial intelligence, and speed-commerce platforms. The phenomenon owes to investor confidence in local innovation and a growing digital customer base.

Egypt-based fintech platform Thndr closed a Series A led by Prosus, raising $15.7 million with contributions also made by Y Combinator and BECO Capital. Thndr, founded in 2020, democratizes access to financial markets, allowing customers to invest in stocks, bonds, and mutual funds via a simple mobile application. The business is set for high-growth geography expansion in the UAE and Saudi Arabia.

Similarly, Egyptian startup Sylndr, an online platform for used car selling, also raised $15.7 million in Series A funding. DPI Venture Capital-led round was done through the Nclude Fund. Sylndr, launched in 2021, simplifies buying and selling of vehicles and offers financing. The startup will utilize the funds to grow in Egypt, improve its pricing and logistics algorithms, and introduce new fintech services.

Meanwhile, Tarjama, headquartered in UAE, raised a $15 million Global Ventures-led round. A 2009 AI solution pioneer with a focus on Arabic, Tarjama now has over 700 clients across 50+ languages. With the launch of Pronoia V2—a record-breaking Arabic-led large language model before GPT-4o and Cohere on Arabic tasks—the company is looking to establish leadership in Arabic generative AI.

And also, Kuwait’s Circle, a quick-commerce firm offering 20-minute delivery, raised $6 million Series A. Using a network of dark stores, Circle will be expanding regionally by early 2026.

These announcements point to MENA’s latest growth as a digital innovation hub, with investor steam powering the next technology development wave in the region.

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