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Resilience Reigns: MENA's Startup Funding Landscape in 2023

In 2024, let us delve into the MENA startup funding ecosystem's tenacity with the help of Redseer strategic Consulting's valuable insights. Despite the numerous global obstacles, this region has impressively maintained its stability thanks to stabilizing valuations, constant consumer demand, and strong backing from significant players.

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Resilience Reigns: MENA's Startup Funding Landscape in 2023

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  1. Despite global funding difficulties, the MENA region's startup funding landscape maintained its strength in 2023. • According to RedSeer Consulting, funding increased slightly from $3.95 billion in 2022 to $4 billion. • This resilience was driven by stable valuations, consistent demand from consumers, and unwavering support from important players like sovereign wealth funds, corporations, and family offices. • Of note, debt financing, specifically in the FinTech sector, played a crucial role, with asset-backed debt funding, particularly in Buy Now Pay Later (BNPL) startups, taking a prominent position in the region's funding landscape • 2 © RedSeer

  2. Learn more about MENA’s Startup Funding Ecosystem through analysis from Redseer Strategy Consultants Redseer’s MENA’s Startup Funding Analysis

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