A ride-hailing service in the Middle East, owned by Uber, which is ceasing operations in Pakistan.
Alaan raises $48 million to scale AI-powered spend management across the MENA region
Alaan raised $48 million in Series A funding, one of the largest fintech rounds in MENA. The funding round was led by Peak XV Partners with participation from notable investors including Y Combinator.
After a decade, Careem ends Pakistan ride service this July
Careem will stop operating in Pakistan on July 18, ending nearly ten years of service. CEO Mudassir Sheikha cited Pakistan's worsening economy, growing competition, and limited capital as reasons for the shutdown.
Cercli banks $4 million seed funding to streamline payroll management in North Africa
Cercli, a payroll startup, has raised $4 million in seed funding. The funding round was led by San Francisco-based Afore Capital.
