Breaking News
Motery Application Secures Seed Funding Round at $8 Million Valuation to Transform Automotive Financing in Kuwait
Motery, an innovative fintech application revolutionizing the automotive purchasing landscape, is proud to announce the successful completion of its seed funding round, at an $8 million valuation. This strategic investment will empower Motery to expand its services and solidify its position as a one-stop shop for online car buying and financing in the automotive sector.
Motery simplifies the car buying journey by providing customers with the ability to purchase vehicles online while offering flexible financing solutions tailored to their needs. With our intuitive platform, consumers can easily search for their ideal car, compare financing options, and complete their purchase—all from the convenience of their homes.
The newly acquired funding will facilitate the enhancement of Motery’s services, enabling us to capture more transactions in Kuwait’s burgeoning automotive market. This successful funding round not only underscores investors’ confidence in Motery but also validates our vision of becoming a leader in cutting-edge automotive solutions.
“We are thrilled to have secured this funding at a strong valuation, which will allow us to accelerate our growth and continue innovating in the automotive space,” said Abdulla Al Ateeqi, Co-Founder of Motery. “Our mission is to simplify and elevate the car buying experience for consumers in Kuwait, and this investment is a crucial step toward achieving that goal.”
Eng. Mohammad Al Abdulsalam, Co-Founder of Motery, added, “This funding is a testament to our team’s hard work and dedication. We are excited to enhance our platform further, ensuring that our customers enjoy a seamless and efficient car buying process. Together, we are committed to driving the future of automotive financing in Kuwait.”
As Motery embarks on this exciting journey, we remain dedicated to providing exceptional service and technology that meets the evolving needs of our customers. Stay tuned for more updates as we roll out new features and expand our reach in the automotive industry.
Companies In This Post
- Tencent Cloud Powers iyzico’s European Expansion with Secure, Scalable Payment Infrastructure Read more
- GTT Integrates Insurants AI to Power Insurance Data Intelligence Across Regulated Markets Read more
- The Paytech Magazine Issue #18 Read more
- Napier AI Targets Critical Gaps in AML with Launch of Insights AI, Tested in FCA Supercharge Sandbox Read more
- Apex Group Unveils New Research on AI Adoption Across Private Credit Read more
Uzum Secures Over $130 Million in Strategic Investment Led by the Sovereign Entities of the Sultanate of Oman
Uzum, Uzbekistan’s leading digital ecosystem, is pleased to announce the closing of a strategic investment exceeding $130 million
Orca Fraud Raises $2.35m to Scale Real-Time Fraud Intelligence Across Emerging Markets
Orca Fraud has raised $2.35 million in an oversubscribed seed round to advance its transaction monitoring and fraud intelligence capabilities across Africa
Payment Fintech Njiapay Closes $2.1 Million Seed Investment
Payment performance partner NjiaPay has closed a $2.1 million seed funding round
DataWollet Closes £1.3m Pre-Seed Investment, With Female Angel Investors Leading the Way
DataWollet has successfully closed an oversubscribed pre-seed round, raising £1.3million.
Ualá Raises $195M in Funding Round Led by Allianz X to Scale its Financial Ecosystem Across Latin America
Ualá, the Latin American neobank, has raised $195 million in equity financing led by Allianz X
Afreximbank Raises Caribbean Community (CARICOM) Financing Cap to $5 Billion to Accelerate Regional Transformation
Pan African Multilateral Bank, African Export-Import Bank (Afreximbank) (www.Afreximbank.com), has announced a major expansion of its engagement with the Caribbean Community (CARICOM), increasing its regional financing limit from US$3 billion over the next four years. The enhanced commitment builds on more than $750 million already disbursed across the region and a robust pipeline of over $2 billion in transactions currently under execution, signaling a decisive scale-up of support to governments and the private sector.
Silverflow Closes $40 Million Series B as It Nears One Billion Transactions Annually
Silverflow successfully closed a $40 million (€37 million) Series B funding round, marking a major milestone as they approach one billion transactions processed
Tencent Cloud Powers iyzico’s European Expansion with Secure, Scalable Payment Infrastructure
At Mobile World Congress (MWC) 2026, Tencent Cloud, the cloud business of global technology company Tencent, announced a collaboration with iyzico, a leading Turkish fintech company, to support iyzico’s European expansion and the launch of its first cloud-based production platform in the region. Built on Tencent Cloud’s IaaS infrastructure, the deployment reflects its growing role in supporting regulated financial institutions across Europe’s fintech ecosystem.
GTT Integrates Insurants AI to Power Insurance Data Intelligence Across Regulated Markets
With a vision to develop India-built data and AI platforms for global deployment, GTT Data Solutions Ltd (“GTT”), a BSE-listed global data engineering and AI platform company, has integrated Insurants AI Limited, a specialist in insurance data intelligence, analytics, and harmonisation that focuses on enabling intelligent data management, automation, and decision intelligence for enterprises across insurance, banking, and other highly regulated sectors. This move strengthens GTT’s insurance technology capabilities across the U.S., UK, Europe, India, and APAC, positioning the company as a provider of next-generation insurance data and intelligence solutions.
The Paytech Magazine Issue #18
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Napier AI Targets Critical Gaps in AML with Launch of Insights AI, Tested in FCA Supercharge Sandbox
Napier AI, a global leader in AI-powered financial crime compliance solutions, announces its latest AI innovations are available in product Insights AI, a new capability within their Transaction Monitoring solution designed to close critical gaps in anti-money laundering (AML) investigations. This follows extensive testing in the Financial Conduct Authority (FCA) Supercharged Sandbox.
Apex Group Unveils New Research on AI Adoption Across Private Credit
Apex Group Ltd. (“Apex Group”), a global financial services provider with over $3.5 trillion in assets serviced, has published AI-powered private credit, a new research report examining how artificial intelligence is being adopted across private credit operations globally, and where the industry’s most significant opportunities and challenges lie.
PayQuicker Launches 1099 Solution Powered by Avalara
PayQuicker, a global payouts and financial technology company, today announced the launch of its new 1099 tax reporting solution, powered by Avalara, the agentic tax and compliance leader. The new offering helps businesses simplify and automate 1099 reporting while reducing compliance risk and administrative burden.
Loan Servicing Enters the AI Agent Era as Chaseit.ai Scales Toward 30,000 Calls a Day
Loan servicing, long one of the most manual and operationally intensive areas of financial services, is beginning to shift as AI voice agents move from pilots into live production environments.