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There’s no denying it, Dubai is a city of convenience. You can get pretty much every item, service and takeaway delivered right to your door, including someone to pick up your dirty clothes and bring them back sparkling clean.

A healthy entrepreneurship ecosystem is good for economies. And massive funding for regional players, driven by business-friendly government initiatives, sends a signal that the good times are just getting started. But while the region has become an undeniable epicentre for global entrepreneurship, success does not come with a guarantee. For every Careem, Washmen and RemotePass, there are hundreds of promising prospects that none of us have ever heard of because they failed to go the distance.

The 2023 edition of the E-Business Awards, which was staged by Entrepreneur Middle East on March 13, 2023 in the UAE at Sofitel Dubai The Palm, celebrated the individuals and enterprises making their presence felt on the MENA region's digital business landscape.

UAE-based Alaan, a spend management platform for Middle Eastern businesses, has raised $4.5M in Pre-Series A funding for expansion across the GCC.

UAE-based spend management platform Alaan has raised US$4.5 million in a pre-series A funding from Presight Capital, Y Combinator, and angel investors. Coupled with the $2.5 million seed round it raised last year, Alaan has now received a total of $7 million in funding to date.

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