• Earn Online - investment - tech - Tech Facts - tech news

    SA’s WhereIsMyTransport ceases operations due to funding

    South African mobility startup WhereIsMyTransport has ceased its operations due to an inability to secure the necessary funding to continue its mission. Founded in 2016, WhereIsMyTransport operated as a significant big data platform for sustainable mobility in emerging markets, aggregating and integrating data to create an open data platform. Their solutions served cities, transportation operators, and passengers, offering coordinated and monitored services, system integration, and user access through various endpoints. The company, which had a presence in South Africa and Mexico, had previously secured substantial funding, including a US$14.5 million Series A extension round, bringing their total funding to over…

  • investment - tech - Tech Facts - tech news

    Saudi proptech, Ejari, Secures $1m in pre-seed funding

    A Saudi Arabia-based property technology (proptech) firm, Ejari, has closed a pre-seed funding round, raising $1 million (SAR 3.75 million). The round was led by Sanabil 500 MENA and Hambro Perks’ Oryx Fund, with participation from several angel investors. Established in 2022 by Yazeed Al-Shamsi, Fahad Albedah, Mohammed Alkhelewy, and Khalid Almunif, Ejari offers a unique Rent Now, Pay Later (RNPL) solution for residential rentals, addressing the need for more flexible payment options in the Saudi rental market. Ejari introduced its RNPL service in the second quarter of 2023 after obtaining a license from the Real Estate General Authority of…