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Egyptian fintech startup Thndr raises $20M to expand across MENA region

Egyptian FinTech Start-up Thundr has raised $20 million for product development and to expand its presence across MENA. Launched in 2020 by Ahmad Hammouda and Seif Amr after it took part in the Silicon Valley-based Y Combinator accelerator, Thndr initially offered users a commission-free, mobile first equities trading platform that makes it easy to invest in stocks, bonds, and funds.
The US$20 million Series A round was co-led by Tiger Global, BECO Capital and Prosus Ventures, with participation from Base Capital, firstminute and existing investors Endure Capital, 4DX Ventures, Raba Partnerships and JIMCO.

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SA on-demand startup ParkUpp acquired by Docklands Ventures

February 10, 2022

South African startup ParkUpp, a marketplace that connects owners of parking spaces with companies and individuals who need parking, has been acquired by real estate investment company Docklands Ventures. Initially launched in 2016 with the goal of improving the parking experience for shopping centres, ParkUpp pivoted in 2018 after realising the market was too small and launched with its new model in 2019. It allows property owners to list their parking spaces on the platform for free, with users able to book spaces for short or long periods, pay via... Read More >

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Martech Spending Grows as Percentage of Marketing Budget: CMO Survey

April 26, 2024

Martech keeps taking larger bites out of marketing budgets: 17.3% last year, 19.9% this year, 23.5% next year, and 30.9% five years from now, according to the latest CMO Survey. This despite barely more than half (56.4%) of current tools being used and nearly half (48.8%) of the survey respondents reporting worse-than-expected results. Oddly enough, marketers rate selecting marketing technologies as the thing they do best.

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