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The European and Mena ecosystems may have more in common than you think

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The European and Mena entrepreneurship ecosystems may have more in common than one might imagine. Startups in Europe seem to be facing challenges similar to those reported by entrepreneurs in Mena, such as inadequate access to talent, and a market that remains widely fragmented. Wamda's Triska Hamid reports back with her findings.

Despite clear signs of progress, the data economy is still relatively undeveloped in the GCC region. While the volume and quality of data are growing rapidly, with the value of the GCC data economy estimated at $4.7 billion in 2018 by Strategy&, capturing value from this data remains a work in progress.

Crowd Analyzer closes $3.5 million Series A with participation from Wamda

Dubai-based data intelligence provider and Arabic-focused social media monitoring platform, Crowd Analyzer, has raised over $3.5 million in Series A funding. The investment will be used to enhance and augment the technology behind the platform and support further expansion of its operations in Mena.

In case you missed it - here's our round-up from News Watch:

Nawah Scientific wins second place and $150,000 at Jack Ma's Africa Netpreneur Prize

Vetwork raises six-figure in seed funding

Ibtikar Fund invests in Inggez

Faith Capital invests in Justmop

Crowd Analyzer closes $3.5 million Series A with participation from Wamda

Coded Minds acquires US-based EdgeMakers

QiDZ raises $1 million in seed round

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Unknown Reply 23.51

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Why the Middle East has the potential to become the foodtech hub of the world

Unknown Reply 18.19

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Repeat's Omer Aslan Gurel's first foray into entrepreneurship was at the age of 17, where he spent his summer vacation on a venture leveraging the difference in the price of fish across Turkey. Instead of taking the traditional route to university, he decided to take a gap year and launch his first real business in Dubai, embarking on a journey of pivots and failures. Now, Gurel is on his seventh venture, Repeat, a smart loyalty platform for restaurants.

The number of fintech companies in the Mena region is expected to reach 1,845 in 2022, an impressive 230% increase from 559 in 2015. In Salmaan Jaffery's oped on Wamda, DIFC's chief business development officer explains why emerging markets are proving to be some of the most rewarding destinations for investment and growth.