April 18, 2021 @ 6:47 pm By Omar Faridi
MENA region startups secured $170 million in capital during March 2021, which is reportedly a 6% increase month-over-month, across 43 different deals, according to local sources.
This notably takes the total funds raised during Q1 2021 to $396 million across 125 different deals, which is quite a strong start to the year for the region, Wamda reports.
The United Arab Emirates (UAE) has again managed to take the lead when it came to the amount of funding received last month, with around $130 million in investments acquired by 11 high-potential startups. This was mainly down to two major deals involving Agritech firm
Pure Harvest (raised $50 million) and last mile delivery
Fintech innovation will be at the heart of London s recovery
(Photo by Michael Gottschalk/Getty Images)
Over the last week I’ve been out in the City actively showing my support for businesses reopening after lockdown, including getting a long overdue haircut.
Local shops, barbers, pubs and restaurants are of course the backbone of places like the Square Mile. But as we look to kickstart a strong, sustainable recovery post-pandemic, what’s also essential is building on the UK’s leadership in technological innovation.
That’s why I’m hugely excited about the start today of UK Fintech Week featuring IFGS 2021. Over the course of five days some of the biggest names in finance, government and tech are taking part in online events to discuss and debate some of the key issues affecting the sector both now and post-COVID.
Flight path
Department for International Trade announces package of export support for world-leading Fintech industry to boost trade, jobs and economic growth.
Support includes bespoke FinTech Export Academy and FinTech Export Champions scheme to provide 1-2-1, sector-specific advice.
FinTech sector employs around 76,500 people in the UK and is worth more than £11 billion to the economy.
Promoting the UK as a global hub for FinTech and digital service, the Department for International Trade (DIT) has announced a series of measures that will help boost our presence in overseas markets.
Marking this year’s UK FinTech Week, new support for the industry will help businesses more directly, making sure that they have the capabilities to export their products so UK firms can become world leaders in Fintech and industries of the future.
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