Startup Investments Reach $68.95 Million as Qatar Leads Fintech
Summary
Startup funding across the Middle East, Africa, and Gulf region declined sharply year over year, but August still saw $68.95 million across 12 deals. Fintech led total investment value, driven mainly by Qatar-based Yuno’s $45 million Series B round. Several software-focused companies also raised capital, including Tax Star for AI-powered tax compliance software, AILA for AI education tools, and XSquare for B2B payments. The deals show continued investor interest in fintech, AI, edtech, and digital health across the region.
Funding
Amount
$1.5M
Total raised
Date
September 8, 2026
Announcement date
Investors
Rua Growth Fund, Endeavor Catalyst, SPRING, Kaszek Ventures, monashees+, Vision Ventures, Tiger Global Management
Lead investors
Company
remedium.sa
Funded company
AskAI Classifications
Sectors
Retail and Commerce
Logistics and Supply Chain
Fintech, Banking and Payments
Functions
Developer and IT Infrastructure
Development Platforms
EduTech
Linked Companies
Tryraff (Raff / رف) (Raff)
up to $1M
Yuno
$1M to $5M
AILA
$1M to $5M
Breez Inc.
up to $1M
XSquare
$1M to $5M
Tax Star
up to $1M
Majestic Mind Games
up to $1M
Cobi
up to $1M