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Saudi Arabia’s economy is going through a moment that doesn’t repeat itself. Companies are being built from scratch, capital is moving at unprecedented speed, and a generation of founders, investors, and operators is building something genuinely new. But most of what gets written about this landscape is either press releases, speculation, or content made for commercial reasons — not genuine understanding.
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Turkish crypto exchange Paribu has announced the acquisition of Bahrain-based CoinMENA in a transaction valued at over $240 million, marking the largest deal to date in Turkey’s FinTech sector.
More to Know:
– The acquisition sets a new record for Turkey’s FinTech industry.
– It is the first time a Turkish digital asset exchange has acquired a company outside of Turkey.
– The deal enables Paribu to expand into Middle East and North African (MENA) markets by leveraging CoinMENA’s operating licenses in Bahrain and Dubai.
– CoinMENA has previously raised around $20 million from multiple investors.
– CoinMENA was established in 2020 by Talal Al Tabbaa and Dina Samaan.
More to Know:
– Nabt provides a marketplace connecting farmers with commercial buyers
– It operates from a central warehouse hub, managing order fulfillment, sorting, and temperature-controlled logistics through to final delivery
– It recently launched the Nabt Auction to facilitate large-scale produce trading across the Kingdom, and Nabt Intel, which delivers real-time price and market-demand intelligence
– The company previously raised $1.5 million in its Seed round led by Merak – Founded by Abdullah Alotaibi in 2022.
The UAE-based startup Reno raised $4 million led by MENA 500, Hub71, Plus VC, Zero 100 VC, Flyer One Ventures, Sandstorm VC, AngelSpark, and Swiss Founders Fund.
More to Know:
– Reno focuses on “Renovate Now, Pay Later” solutions in the home and building renovation management sector – It provides a system that integrates design solutions, project management, contractor oversight, and financing options
– The funding is a mix of equity and debt, and will be used to launch its application in early 2026 and expand into GCC markets
– Founded by Marc Michel, Amr Hosny, and Farah Karabeg in 2024
