Welcome to the 114th edition of “The CTO Show’s MEA Tech & Startup Digest”!
From bold funding moves in Bahrain and South Africa to global AI breakthroughs and shifting IPO winds, this week’s roundup captures the energy, momentum, and headwinds shaping the future of innovation across MEA and beyond.
Whether you’re one of our 2,496 subscribers or a first-time reader — grab your coffee and let’s dive into what’s shaping tech and venture this week! 🚀
On April 24-25 3PM UTC onward, I’ll be joining 1,000+ US/EU/RoW investors — including $1M+, $100M+, and $1B+ Family Offices, angels, LPs & GPs of VC/PE/RE funds, FoFs, and HNWIs — at the Capital Networking Virtual Conference, hosted by Max Pog
📬 Register here: inniches.com/c?568
Funding Rounds 💰
Bahraini Social Commerce Startup Sellou Secures Seed Funding Sellou, a Bahraini social commerce platform, closed an undisclosed seed round led by regional investors to scale its operations. The startup aims to enhance its marketplace, connecting merchants with social media-driven sales in the GCC. Read More
Egypt’s Infinilink Raises $10M in Seed Funding Infinilink, an Egyptian telecom infrastructure startup, secured $10 million in a seed round to expand its fiber-optic network solutions. The funding will support partnerships with local operators to boost connectivity across Egypt. Read More
Côte d'Ivoire’s Djamo Completes Major Funding Round Djamo, a fintech platform in Côte d'Ivoire, raised a record-breaking funding round backed by Partech, Y Combinator, and Janngo Capital. The investment will fuel its mission to provide seamless digital financial services across Francophone Africa. Read More
Sary and ShopUp Merge to Form Silq with $110M Investment Saudi-based Sary and Bangladesh’s ShopUp have merged to create Silq, a B2B commerce platform, backed by a $110 million investment led by Sanabil and Valar Ventures. The new entity aims to revolutionize supply chain solutions across the Middle East and South Asia. Read More
UAE’s Rentify Gains $500K to Boost Proptech Innovation Rentify, a UAE-based proptech startup, raised $500,000 to enhance its platform for streamlining property management and rentals. The investment will drive tech upgrades and market expansion in the Emirates. Read More
Paytic Secures $4M from AfricInvest for Fintech Growth Paytic, a UAE-based payment solutions provider, raised $4 million from AfricInvest to advance its B2B transaction platform. The funds will support regional expansion and tech development for SMEs. Read More
South Africa’s Stitch Raises $55M for Fintech Expansion Stitch, a South African fintech startup, secured $55 million to scale its payment and data integration solutions. The funding will strengthen its presence in Africa’s growing digital economy. Read More
Silq Gains Backing from Valar and Sanabil for B2B Commerce Silq, a Saudi-based B2B commerce platform, received investment from Peter Thiel’s Valar Ventures and Saudi Arabia’s Sanabil. The funding will accelerate its supply chain and e-commerce solutions for regional businesses. Read More
ADQ-Backed Food Innovator Attracts New Investment A food tech startup supported by Abu Dhabi’s ADQ secured fresh funding to advance its sustainable agriculture solutions. The investment underscores the UAE’s focus on food security innovation. Read More
