Top ten Startups in UAE One of the most popular travel locations for individuals seeking a luxury city vacation has quickly emerged as the UAE. Visitors stream to Dubai to shop and see the exciting nightlife. The huge economy of the UAE is home to many top startups. Not simply tourism and nightlife are contributing to the UAE’s economic expansion. Several industries, including retail, real estate, e-commerce, and oil and gas, have experienced a fast expansion in the nation. The first half of last year saw the raising of $700 million in capital for UAE startups.
The government has announced the creation of a program to support UAE businesses and expand the country’s economic growth. To ensure economic success and growth that will trickle into the UAE’s economy, the initiative has been created to assist the top 100 startups. 10 Startups operating in the renewable energy, technology, and space industries are the focus of the “The Future 100” programs
in this article, we mentioned the top ten best Startups in UAE
Fenix Games:
The founder of this startup is Chris Ko and Rudy Koch they started in the year 2022. It is located in Dubai, UAE. The investors like Phoenix Group and Cypher Capital invested $150 million for this Fenix Games. The aim of this startup is to introduce blockchain games into the market. Using the funds raised, Fenix Games intends to buy, invest in, and publish both current games and blockchain-based games of the future.
In order to develop a collection of projects throughout Website 2.0, Website 2.5, and Web- eras, the gaming publisher, which was established in 2022, publishes, acquires, and makes investments in a range of game genres.
Qureos:
This startup started in the year 2021. The founders of this startup are Alexander Eoure, Mehrad Yaghmani, and Usama Nini. The main goal of this company is to develop and improve the skills, and knowledge that is required for a future career and they will be getting connected with career employees and mentors. These Qureos members will work on the paid corporate micro-projects with the help of industry professionals.
Since its founding, the company has only received one round of startup funding, which helped it raise $3 Million to support its expansion objectives. It is unknown if the company has any future financial goals.
Tabby:
It started in the year 2019 and the founders of this company are Daniil Barkalov and Hosam Arab. It is a fintech company it offers flexible payments to customers who pay money online or offline for their purchases in four installments to clear their payment. It is a secure payment and freedom to purchase. Since the founding of the company, it has experienced a variety of investment rounds, the most recent of which has seen an outstanding $58 million round, increasing the company’s worth to over $660 million.
Huspy:
Huspy started in the year 2020 and the founders of this startup are Jad Antoun and Khalid Ashmawy. It helps the clients by providing home loans to purchase homes easily. It regards receiving a loan as an achievement. Huspy is revolutionizing the house-buying process with a user-friendly interface that prioritizes the buyer.
Since its inception, the company has gone through a number of funding rounds, with the most recent taking place in June 2022 when it obtained $37 Million in the capital as part of a Series A Round.
THE GIVING MOVEMENT:
The giving movement is a clothing website developed in the year 2020 by Dominic Nowell- Barnes based in Dubai. This makes people believe that one can change the world through small acts. They believe that development without any ecological imbalance. They promote eco-friendly fashion ware and accessories. They also believe in small help from their side for charity makes a big change in many lives.
They went through several funding rounds to make their initiative successful. In March of the year 2022, they were successful in accessing a total fund amount of $15 Million for the company’s expansion.
Eat App:
This company started in the year 2015. The founders of this company are David Feuillard and Nezar Kadhem. This company allows customers to reserve restaurants, accessible time slots, and book tables.
The company has received funding in a number of rounds since it was established, with the most recent of them being an $11 Million Series B round that took place in September 2022 to support its growth objectives.
ZENDA:
Zenda (Nexopay Technologies Pvt Ltd) is a financial management app founded by Raman Thiagarajan and Haseeb Ahmed on June 2021 based in Dubai. This app allows us to pay the school bills without any financial stress to the parents. This app helps parents in planning the easiest way to pay off their children’s school fees in a given period. They employ 41 to 60 people. To make the app secure, they collaborate with highly developed companies like Mastercard and Microsoft, end-to-end encrypted and cybersecurity.
According to the recent update on 25th April 2022, they successfully raised a net worth of $9.4 million. They were successful in helping many families with financial planning and avoiding crises in a family. They provided a helpline interface to enroll schools that were not enrolled previously.
Ekar:
The Ekar is started in the year 2016 and the founder is Ravi Bhusari and Vilhelm Hedberg. Customers may use the Ekar app to simply unlock and access vehicles located throughout their city thanks to the company. Comparatively cheaper pricing also benefits users.
It is unknown if the company has increased funding plans; the business has undergone a number of funding rounds since it was started, with the most recent being a $17.5 Million Series B investment that occurred in November 2019.
Ziina:
Ziina is started in the year 2020 and the founders are Andrew Gold, Faisal Toukan, and Sarah Toukan. It is the first company that launches the first social peer-to-peer payments app. It allows you to send and receive payments with a phone number.
Since its founding, the company has gone through a number of investment rounds, culminating in the company raising a total of $8.5 Million to enhance its development and growth.
Numi:
The Numi startup was started in the year 2021 by Victor Tumasov. It is a universal platform for followers this company is started to create an online gaming platform for user-generated content. Followers can share their virtual experiences of new games. The main goal of this startup is to create and share a playful environment so that the gamers can be immersed and involved in it and they can love the game.
The UAE startup has earned an impressive total funding amount of $20M since its 2021 launch. Only with help of one investor, during a Startup investment round, that took place on the month of January 11, 2023, this was made possible.