The startup ecosystem in the Middle East and Africa is buzzing with activity this week, as seven companies secured fresh funding to fuel their growth.

Leading the charge is UAE-based healthtech , which pulled in an impressive in an extended pre-Series A round to accelerate clinical trials for its flagship product, MediChip™.

Not far behind, South African climate-tech startup raised in a Series A extension, while UAE agriculture-focused fintech secured a debt financing facility from Citi. Nigerian fintech startup also made headlines with a seed round. South African fintech wasn’t left out either, securing an to simplify payments for African businesses.

Surprisingly, the healthtech startup dominated the funding activity this week, followed by climate tech and fintech. Aside from the disclosed rounds, we tracked some undisclosed but notable funding rounds including Egypt’s , which secured a pre-seed round led by , and Kenyan fintech startup .

Meanwhile, on the acquisition front, Nigerian-founded fintech acquired an Irish currency exchange platform, while Moove, a Nigerian mobility startup acquired Brazilian car rental startup Kovi in an all-share deal to strengthen its presence in Latin America.

Across the region, tech solutions continue to attract strong investment, demonstrating ongoing confidence in their potential.

Updated January 31, 2025