Latest news with #HRAExperience
Fintech News ME
08-05-2025
- Business
- Fintech News ME
MENA Startups Secure $228.4M in April 2025, Marking Significant Growth
The startup ecosystem in the Middle East and North Africa (MENA) saw a significant rise in investment in April 2025, securing US$228.4 million across 26 deals. This represents a 105% increase from the funds raised in March and nearly a 300% surge compared to April last year. Notably, the absence of debt financed deals in April underscores growing investor confidence in equity based funding, a trend that reflects a healthier capital environment, as highlighted by Wamda. Saudi Arabia led MENA startup funding in April, attracting US$158.5 million across eight deals, largely driven by iMENA Group's US$135 million pre IPO round. The UAE followed with nine startups securing US$62 million in total. Morocco experienced a significant jump to third place, attracting US$4 million in funding across two startups. In contrast, Egypt saw a more modest outcome, with four startups raising just US$1.5 million. Investor interest remained strongest in the fintech sector, which attracted US$44 million across seven deals. Traveltech also saw a rise, partly due to HRA Experience's transaction, while e commerce secured US$2.5 million across three startups. SaaS startups made a notable return in April, securing US$1.8 million in three deals after minimal visibility in the first quarter. Although later stage activity was limited to iMENA's pre IPO round, early stage startups dominated the investment landscape, raising US$49 million across 20 transactions. Funding for female led startups continued its downward trend, falling to a concerning low of under US$500,000 in April. In contrast, startups with male founders secured 97% of all disclosed investment. An additional US$6.5 million went to three startups with both male and female co founders. By business model, the business to business (B2B) segment led the way, attracting an impressive US$180 million across 12 deals. Business to consumer (B2C) startups followed, securing US$43 million across seven deals, with the remaining investments going to six startups operating dual B2B and B2C models.
Wamda
05-05-2025
- Business
- Wamda
MENA startups raised $228 million in April 2025, marking a 105% MoM surge
The Middle East and North Africa (MENA) startup ecosystem saw a substantial surge in investment in April 2025, securing $228.4 million across 26 deals. This figure marks a 105% increase from the funds raised in March and almost a 300% increase compared to April last year. In fact, the absence of debt-financed deals last month underscores the remarkable upward trajectory of the Arab startup ecosystem. In the past month, the UAE's startup ecosystem led MENA in funding, securing $197 million across 10 startups. iMENA Group's pre-IPO round accounted for the largest share at $135 million, with HRA Experience's $40 million deal following. Saudi Arabia secured a distant second place, with its startups raising a total of $23.5 million across seven deals. Morocco experienced a significant rise to third, attracting $4 million in investment for two startups. Egypt trailed behind, with four startups securing only $1.5 million. Last month, e-commerce attracted the most investment, bagging $137.5 million through four deals. However, removing iMENA's significant contribution highlights fintech's continued appeal to investors, with the sector capturing $44 million across seven deals. Traveltech also rose to the top investment ranks due to HRA Experience's transaction. Notably, SaaS startups established a presence in April, raising $1.8 million in three deals after a minimal showing in the first quarter of the year. While later-stage investment in April was limited to iMENA's pre-IPO round, early-stage startups dominated activity, raising $49 million across 20 transactions. Funding for female-led startups keeps shrinking, reaching a shameful low of under $500,000 in April. In contrast, startups with male founders secured 97% of all investments. An additional $6.5 million was invested in three startups with both male and female co-founders. The business-to-business (B2B) sector led funding last month, with an impressive $180 million secured across 12 deals. The business-to-consumer (B2C) model was followed with $43 million invested in seven startups. The remaining investments went to six startups operating with dual B2B and B2C models.
Zawya
15-04-2025
- Business
- Zawya
HRA Experience secures €35mln investment ahead of global ecosystem launch
Abu Dabi–(PinionNewswire)–HRA Experience, a next-generation Web3-powered travel and payment ecosystem, has secured a €35 million investment from a private investor in Abu Dhabi ahead of its global launch. The funding will support the rollout of key platforms including HRA Airlines, HRA Coin, HRA Payway, and HRA Exchange. CEO Adem Kiraz emphasized the company's mission to build a borderless world where people from diverse cultures can connect through shared travel experiences. The investment confirms strong market confidence in the project's scalability and future impact. HRA Experience, the next-generation Web3-powered travel and payment ecosystem, has announced a major milestone ahead of its official global launch. The company has secured a €35 million investment from a private investor based in Abu Dhabi, marking a significant vote of confidence in the project's vision and long-term impact. The funding will be used to accelerate the international rollout of HRA Experience's core platforms, including: HRA Airlines – a flight booking platform with crypto payment integration HRA Coin – a utility token at the heart of the ecosystem HRA Payway – a digital payment solution with contactless card support HRA Exchange – a native crypto exchange launching Q2 2025 'This investment goes far beyond money,' said Adem Kiraz, CEO of HRA Experience. 'It proves that the vision behind HRA is powerful and globally relevant. We're building a borderless world — one where people from all walks of life can travel, connect, and share cultures freely.' The HRA Experience ecosystem aims to make travel more inclusive, affordable, and seamless by merging Web3 technology with real-world mobility solutions. From booking flights and hotels to making instant global payments using HRA Coin, the platform is designed to give users full control of their travel lifestyle. This investment also signals the growing appetite for Web3 infrastructure that blends practical use cases with global scalability. With over a dozen European countries already included in the first phase, HRA Experience is set to reshape how people move, spend, and experience the world. About HRA Experience HRA Experience is a Web3-based travel and finance ecosystem combining crypto payments, digital identity, and global mobility tools into one connected platform. The ecosystem includes HRA Airlines, HRA Coin, HRA Payway, and HRA Exchange — all working together to deliver a seamless, borderless experience.
