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FINANCIAL NEWS
Mideast Comparetimes4me issues USD2.4m investment
25 Sep 2016
(MENAFN) Comparetime4me.com, a leading website in the Middle East, received a whole of USD2.4mn in investment through its latest round of bridge funding.Additionally, the sum more than doubled the USD1mn that the firm set to achieve, taking the total amount that rose date to around USD6mn.Furthermore, the website’s insurance business led to millions of dirhams in saving for UAE consumers, with a panel of 10 insurance providers.More than half of the USD2.4mn secured came from recent investors Wamda Capital, STC Ventures and Dubai Silicon Oasis Authority.
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