Recently released data has revealed that the total value of funding raised within the Middle East and North Africa (MENA) region in June stands at US$267million.
Raised from 44 separate deals, the remarkable amount raised pushed the figures for the second quarter to $552 million, recording a 33% increase on the figures from the first quarter.
Notably, Tabby’s recent $50 million debt financing round brought investments in the UAE to $137 million (from 43 deals) and propelled the kingdom to the top of the list of countries with the highest investment valuation in the region in June.
Data for the first half of 2021 also revealed that the fintech sector attracted the highest value of investments with $306 million. About $110 million of that was raised on full swoop in Saudi-based Tamara’s Series A round. E-commerce followed closely with $181 million in investments.
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