PC: The GetSet
This week, Dubai’s startup scene saw a big boost in funding. There were important investments in software, AI startups, and finance companies. We saw cool new data platforms, venture-building projects, and finance solutions aimed at small and medium businesses. Here are the highlights of the latest funding news.
- Journify Secures $4 Million to Revolutionize Data-Driven Marketing
Journify, a SaaS company in Dubai, just scored $4 million in funding. Silicon Badia led the round with help from RZM and others. Journify wants to boost customer engagement with its AI-powered platform that uses first-party data in real-time.
Taoufik El Jamali, the CEO and Co-Founder, said Journify was made to fix the problems with old customer data platforms. They offer brands a simple all-in-one AI solution. With over 30 million users in the region, Journify is making a name for itself in data-driven marketing.
- Disrupt.com Announces $100 Million Commitment for AI-First Startups
Disrupt.com, a company based in the UAE, has promised to invest $100 million in technology startups that focus on AI. They are looking at five main areas: AI, cybersecurity, Web 3.0, automotive tech, and retail.
The company was established by Aaqib, Uzair, and Umair Gadit. Their major mission is to support early-stage companies with significant growth potential. Although they face a significant 29% decline in investments in the MENA region in 2024, Disrupt.com remains optimistic and stands strong. They are confident that AI and Web 3.0 will inspire new business ideas coming forth.
- omnispay Raises $1.5 Million in Seed Funding
Omnispay, a fintech company from the UAE, just raised $1.5 million in seed funding from Mercatus Capital. It was started in 2022 by Simanta Das, Vimal Kumar, and Praveen Kiran. This platform helps small and medium businesses manage cash flow. It aids in collecting payments, doing transactions, and borrowing money and makes them a lot easier.
So far, over 1,600 businesses have joined. This number is growing quickly each month. Omnispay is ready to make a bigger splash in the fintech world.
- Flow48 Secures $69 Million Series A for SME Financing
Flow48, a fintech company based in Dubai, has just raised $69 million in a Series A funding round. This round combined debt and equity. Breega led the funding, with support from 212, Speedinvest, Daphni, Endeavor Catalyst, Evolution Ventures, and Plus VC.
Idriss Al Rifai started Flow48 in 2022. The company offers upfront financing to small and medium-sized businesses (SMEs). This means they can turn future earnings into cash right away, with flexible terms. After this funding, Flow48 plans to grow in Saudi Arabia and the UAE.
Wrapping Up
Dubai’s startup scene is booming. It’s getting a lot of money, especially for AI tools, software services, and financial tech. Journify is shaking up how we use data. Disrupt.com is backing companies that put AI first. Fintech names like omnispay and Flow48 are making it easier for small businesses to get financial help. Even with funding issues worldwide, the UAE is still a great place for new businesses and tech growth
