Global Ventures

Listen to Noor Sweid’s recent discussion on the Visa #AccessTomorrow podcast hosted by Leila Serhan! In this episode, Noor shares her insights on the role that VCs play in financial inclusion, the ecosystem as a whole, digital innovation and adoption, and much more. Watch the full episode here: https://lnkd.in/dSwj-jmx

Ogram successfully closes KSA expansion round! Ogram, an all-in-one #digital platform offering on-demand #staffing solutions for on-site manpower, has proven huge success with 150%+ year-on-year growth in man hours for 2024. Having done exceptionally well in the #UAE and #Greece, this funding round allows the team to further prove their commitment to bettering man-power lives with their expansion into #KSA. Read more here: https://lnkd.in/e8E8gxnf Congratulations Shafiq Khartabil and team!

H.E. Dr. Tariq Bin Hendi, PhD, Senior Partner, and Marika Brivio, Senior Associate, recently wrote an article for Arabian Business discussing how the #MENA-#Asia corridor is key to future, global #economic development. With Asia and MENA contributing 50% of the global GDP, the article explores their sophisticated network of relationships, major #capital flows, and #tech advances; the regions' key market drivers; and the implementation of reduced risk & free trade agreements.    Tariq and Marika also discussed the emergence of the #UAE as a pivotal hub in the MENA-Asia corridor due to its forward-thinking policies and strategic location, further attracting talent, capital and multinational companies from across Asia.    Read more here: https://lnkd.in/dZeqn9zy

In its latest "Myth Busting BNPL" report, Tabby broke down user behavior in the UAE and KSA. Data showed that 65% of spending via Tabby is for essential services. Basket sizes of essential services orders are 9% higher than discretionary orders.  66% - 67% of Saudi-based consumers are likely to use BNPL solutions to pay for essentials, while 51%-61% of UAE-based customers are likely to do the same. Debunking the myth that people use Tabby to impulse buy, research showed that the platform helps users plan out their monthly spending and for obtaining the essential goods they need! Tabby is a “buy now pay later” service, with a focus on fashion, beauty, lifestyle that allows customers to split their purchases into multiple, zero-interest installments. Read more here: https://lnkd.in/dRQ4DPC4

Paymob and MID Takseet join forces to enhance consumer finance accesibility across #Egypt! Paymob, a Cairo-based electronic payment provider offering comprehensive #infrastructure solutions for diverse #payment methods and channels, has teamed up with MID Takseet - ميد تقسيط to extend the reach of consumer #finance solutions. This collaboration will incorporate MID Takseet's payment plans and financing services into Paymob's network. The rollout will be phased. Initially, MID Takseet's #services will be integrated into Paymob's POS systems, followed by an expansion into all #online platforms. Read more here: https://lnkd.in/dncyDiAJ Congratulations Islam Shawky, Alain El Hajj and Mostafa Menessy!

Said Murad, Senior Partner, recently spoke to Economy Middle East on the growing #BNPL industry in the region! In the article, Said discussed how the continued #digital transformation and the young, #tech-literate population in the region has driven the growth and appeal of #BNPL services. Said also shared his insights on the ways the BNPL sector has contributed to increasing #financial #inclusion, and the benefits it has for retailers and businesses. Read more here: https://lnkd.in/d7dT99uQ

Immensa collaborates with DNV for a breakthrough innovation in global best practice for the energy spare parts market! Immensa, a leading solution provider utilizing advanced #technologies like additive #manufacturing (AM) to transform physical spare parts into #digital, on-demand #assets, has partnered with DNV to launch a revolutionary global guideline for the #energy spare parts market. Aligned with numerous national initiatives across the GCC, this new guideline will support international energy players and industrial manufacturers by offering a clear, step-by-step process to streamline supply chain and inventory management, making it more efficient and flexible. Read more here: https://lnkd.in/ecfdUts8 Congratulations Fahmi Al-Shawwa!

Medea Nocentini, Lana Azhari and Ramzy Osman share their thoughts on "Building the Future: Sustainable Practices for Efficient and Affordable Housing" in a recent article with Construction Week Middle East! Read more here: https://lnkd.in/d5MJVuDe

Sacha Haider, Partner, recently spoke with Layan Abo Shkier on the Forbes Middle East '30 Under 30 Chit Chat' podcast! Sacha - who featured in 2022's Forbes Middle East '30 Under 30' list - discussed her journey into #venture #capital; #entrepreneurship and #innovation in the region; women in #tech; and key factors Global Ventures considers when investing in a company. Full episode here: https://lnkd.in/gdrrw5qC

"Shifting consumer dynamics are fostering #innovation in #property, including fractional ownership, co-living, micro- living, and flexible workspaces. #MEA, home to the world’s fastest-growing and youngest population, will play an important role in the discourse around democratizing and increasing access to property ownership." Sacha Haider, Partner, in our latest report on "Proptech in the Middle East and Africa" here: https://lnkd.in/dJrBvDNW