RIYADH: A Saudi-based fintech startup, erad, raised $2.4 million in a pre-seed funding round by UAE-based venture capital firms Nuwa Capital and Venture Souq in addition to Saudi Arabia’s Khwarizmi Ventures. The company offers a data-driven platform that provides non-dilutive growth capital for online businesses in the Middle East. The platform evaluates the marketing, sales,
RIYADH: As technology transforms the world from physical to digital, the retail industry, digitally known as e-commerce, has been one of the most rapidly changing sectors in the Middle East and North Africa. The e-commerce industry in the MENA region is estimated to be valued at $31 billion in 2021 and will reach over $50 billion by 2025. In this edition, Arab News has