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

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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.

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

Addenda closes seed round

ekar expands to Riyadh after closing $17.5m Series B

Solfeh raises $400,000 in seed funding

Statys closes pre-seed round

Botme raises six-figure in seed funding

A15 doubles its investment in Intouch

Repzo raises $750,000 in Pre-Series A funding

Hikma Ventures invests in Winterlight Labs

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

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