Derq is developing systems to better understand where danger spots are. The company uses a combination of sensors on roads, artificial intelligence, and computers in cars to notify drivers of potential hazards.

Seez, a Dubai-based startup that helps people buy cars through its mobile app, has raised $6 million in (what it says is) a 5x oversubscribed Series A round.

Sarwa, a Dubai-based low-cost robo-advisory platform, will open a second office in Abu Dhabi as part of a wider GCC expansion, after securing $8.4 million (Dh31m) in Series A funding from investors.

Over the past five years, Phoenician Funds has built a portfolio comprising 20 promising seed and early-stage companies across the Middle East and Africa (MENA).

In their effort to serve the unbanked population, INC. Iraq launched their digital-first payment card in collaboration with Visa and NymCard.

Cairo-based fintech MoneyFellows has raised over $1 million in a bridge round (Pre-Series A), the startup told MENAbytes today.

The 6th Annual ABANA Summit @ Bloomberg brings together more than 100 business leaders with a focus on the MENA region for a half-day program with discussions on Geopolitical Risks, Financial Innovation and Investment Opportunities in the MENA region, Artificial Intelligence and more.

Global identity verification provider Onfido today announced that it’s raised $50 million in funding led by Softbank Investment and Salesforce Ventures, with participation from M12 (formerly Microsoft Ventures), FinVC, and others.