MENA growth is accelerating as companies secure funding, achieve regulatory milestones, and deploy new technology. Consequently, investors show strong interest in fintech, legal tech, and health tech sectors. Moreover, from Morocco to the UAE, businesses expand operations and enhance digital solutions to meet rising AI-driven service demand.
In the UAE, legal tech startup Oqood raised $1 million in seed funding from angel investors. Founded by Khaled Al-Rasheed, the company uses AI to automate legal tasks and streamline documentation. Al-Rasheed noted the funding reflects investor confidence in legal technology, valued at more than $31 billion in 2024.
Meanwhile, Moroccan fintech and e-commerce company Chari closed a $12 million series A round led by SPE Capital and Orange Ventures. This is the largest series A for a Moroccan company. Additionally, Chari received a payment institution license from Bank Al-Maghrib. Co-founder Ismael Belkhayat said the new infrastructure now supports its Banking-as-a-Service model.
Similarly, Riyadh-based fintech Tabby invested in NVIDIA HGX systems to develop AI applications for fraud detection, customer service, and personalized shopping. COO Daniil Barkalov said the initiative strengthens AI capabilities while ensuring local data compliance. Tabby serves over 20 million users and 40,000 retail partners across the GCC.
UK-headquartered fintech Kuunda raised $7.5 million in a pre-series A round to expand embedded credit solutions in Africa. Founder Andy Milne said the funding provides liquidity to merchants, agents, and small businesses, strengthening financial access.
In Tunisia, PAYDAY secured pre-seed funding at a $3 million valuation. The company combines salary-backed financing with micro-Takaful products to enhance financial inclusion. Co-founder Mohamed Gadhoum explained the investment supports expansion and integration of banks, insurers, and microfinance providers.
Additionally, Egyptian AI company Nanovate raised $1 million to scale Arabic-language AI solutions across MENA. The company builds chat and voice agents tailored to local dialects. CEO Ahmed Gamal described the funding as crucial for regional growth and AI integration.
Finally, UAE-based health tech company TachyHealth closed a $5 million series A round led by Tawuniya. The firm develops AI tools to improve decision-making, reduce costs, and enhance patient outcomes. Funding will support regional scaling and strengthen healthcare partnerships.
Overall, the startup reflects a thriving ecosystem driven by technology, investment, and regulatory support. Analysts expect momentum to continue as companies expand operations, deploy AI solutions, and attract global investors.
