Startup wrap — Funding momentum continues in MENA despite regional headwinds

INTELLIGENCE SUMMARY

RIYADH: Startups across the Middle East and North Africa continued to close funding rounds last week even as investors weighed persistent market uncertainty tied to the conflict involving Iran. The momentum comes after startup funding in the MENA region in August more than doubled month-on-month, with 27 startups raising a combined $375 million.TalMal raises fund for local expansion TalMal, a Saudi-based fintech firm, has closed an undisclosed pre-seed funding round with participation from MM Pa