Tag Archives | e-Commerce

ZoodPay accelerates expansion in Iraq with $38m Fundraising

ZoodPay, the "Buy Now Pay Later" (BNPL) app, has announced that it has successfully completed a $38-million Series B fundraising. London based VC Sturgeon Capital, Zain Group's venture capital arm 'Zain Ventures', and other existing investors joined the funding round. Headquartered in Switzerland, the ZoodPay & ZoodMall app has already more than 8 million users […]

Orisdi signs 6-figure Deal with Al Sharqiya TV

By John Lee. Iraqi e-commerce company Orisdi has signed a six-figure deal with Al Sharqiya TV. Sharqiya is one of the largest media groups operating in Iraq, having launched the country's first fully independent privately-owned satellite TV channel in 2004, complemented by the addition of the Sharqiya News channel in 2008. The investment round was facilitated […]

Elryan partners with Carrefour for Online Grocery Shopping in Iraq

By John Lee. Iraqi e-commerce platform Elryan.com has significantly expanded its product offering to include grocery items with the launch of its partnership with major international retailer, Carrefour. In a statement, Elryan says the partnership brings a new level of choice, convenience, and service to Elryan's more than 100,000 active customers. Products will be delivered […]

Miswag "Raises $1.6 Million" in Funding Round

By John Lee. Miswag, the Iraq-based B2C online marketplace, is reported to have successfully raised $1.6 million in a "Pre-Series A" funding round. According to The Start-up Scene, this brings its total investment raised to nearly $3 million since 2019. It adds that Miswag will use the funding to expand its commercial and technological teams […]

Can New Tech Save Iraq's Old Economy?

By Bilal Wahab and Michael Rubin, for The National Interest. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Can New Tech Save Iraq's Old Economy? As the United States recalibrates its relationship with Iraq, the advent of Iraq's cyber economy also provides an opportunity […]

Mastercard, CBI to Promote Digital Payments in Iraq

By John Lee. Mastercard has signed a partnership agreement with the Central Bank of Iraq (CBI) to digitize the country's payment ecosystem in a bid to boost financial inclusion, encourage socio-economic development, mitigate the risks of a shadow economy and accelerate the advancement toward a cashless society. According to a statement from the company, the […]

Iraqi e-Commerce Store gets New Funding

Orisdi, a leading e-commerce store in Iraq, has successfully raised a six-figure bridge round. Iraqi Innovators reports that the round was led by Innovest Middle East VC and a group of angel investors including Amar Shubar, Partner at Management Partners Consulting, and Omar Al-Handal, Managing director of Al Handal International Group. Orsidi was founded in […]

Iraq's Digital Innovators

This article has been originally published in the GIZ magazine 'akzente' at https://akzente.giz.de/en/artikel/iraqs-digital-innovators. It is reprinted here by kind permission of GIZ. A new generation of young Iraqi entrepreneurs are confronting the country's challenges, even during the coronavirus pandemic. Text und Fotos: Olivia Cuthbert The streets are eerily silent in Mosul's old city. A fierce […]

Abacus Cambridge Partners, Deep Engineering announce Iraq Partnership

Headquartered in the UK, Abacus Cambridge Partners, a leading consulting, technology, and outsourcing company, has announced a strategic partnership with Deep Engineering, a premier engineering company and a subsidiary of Joto Leading Group, to expand its presence in Northern Iraq by offering digital transformation solutions to the private and public sectors. Technology plays an increasingly […]