Wamda

Palestine

Receet secures pre-series A investment

Ramallah-based Receet, has secured a six-figure pre-series A investment round, led by Ibtikar Fund, with participation from Paltel...

Fintech Ibtikar Fund

Regional

Take employee wellbeing seriously or watch your business suffer

Michael Trüschler is the co-founder and chief executive officer at FlexxPay a UAE-based financial technology company providing...

Fintech

Bahrain

How did Bahrain become a fintech hub?

Bahrain’s government has made vital steps to encourage entrepreneurship to stimulate its economy. In doing so, it has created a...

Fintech Bahrain Fintech Bay

Egypt

Wamda invests in fintech startup Liwwa

Wamda has participated in Amman-based Liwwa's $6 million investment round. The investment was led by FMO, the Dutch Entrepreneurial...

wamda liwwa Fintech

U.A.E

NOW Money offers banking alternatives for Mena's unbanked

According to the World Bank, in the Arab world stretching from Muscat to Casablanca, only eight per cent of adults belonged to the...

Fintech

U.A.E

Abu Dhabi invests in fintech blockchain start-up

Source: Zawya The Abu Dhabi Investment Office (ADIO) has invested in Securrency, a US-based developer of blockchain-based financial and...

Fintech Blockchain Investment

Saudi Arabia

HyperPay raises eight-figure investment

Source: MenaBytes Riyadh-headquartered payment processing platform HyperPay has closed an eight-figure USD investment, it announced...

PAYMENT Fintech saudi

Oman

Muscat Bank announces new $100 million fintech investment programme

Source: Fintech News BBank Muscat announced that the Central Bank of Oman has approved the bank’s request to launch a $ 100...

Investment fund Bank

U.A.E

Wamda invests in UAE-based fintech startup FlexxPay

Wamda has invested in UAE-based financial technology (fintech) startup FlexxPay (flexxpay.com). The social impact company provides...

Fintech Wamda Capital

Regional

Global Ventures and BECO Capital invest in Tribal Credit

Source: Digital Boom US-based Tribal Credit closed a $5.5 million Seed round led by BECO Capital and Global Ventures to bank startups in...

Fintech BECO Capital

U.A.E

Statys closes pre-seed round

UAE-based financial technology (fintech) startup Statys, has closed its pre-seed funding round led by Dtec Ventures, the venture capital...

Fintech pre-Seed

U.A.E

Addenda closes seed round

UAE-based Addenda, an insurance blockchain consortium, has announced that it has closed its fundraising seed round for an undisclosed...

Fintech Fintech Hive Blockchain

U.A.E

A case for Dubai as a fintech hub

Salmaan Jaffery is the chief business development officer at the Dubai International Financial Centre (DIFC) Authority This is an...

DIFC Fintech Hive Fintech

Saudi Arabia

Riyad Bank launches new fintech fund

Source: Asharq Al-Awsat Riyad Bank has announced on Tuesday the launch of its Digital Partnership Program and its association with a...

Fintech fund ksa

Regional

Regulatory environment biggest hurdle facing fintech startups

The Middle East’s financial technology (fintech) sector has become one of the fastest growing over the past five years, attracting...

Fintech ADGM abu dhabi

Regional

Careem moves further into fintech

Careem now allows its users to recharge their mobile phone credit on its platform. The service is already available in Egypt, Pakistan...

Fintech wallet pay

U.A.E

Foloosi raises $500,000 in seed round

UAE-based financial technology (fintech) startup Foloosi has raised $500,000 in seed funding from existing investor Rasheed Alfalasi along...

seed fund Fintech

Egypt

NowPay Raises $600,000 in seed funding

Source: Digital Boom Egyptian fintech startup, NowPay, said it’s closing a new undisclosed round after raising USD 600,000 in...

news Investment seed

Egypt

MoneyFellows raises more than $1 million

Source: Menabytes Cairo-based fintech MoneyFellows has raised over $1 million in a bridge round (Pre-Series A), the startup...

Fintech Investment

Morocco

SOS Credit receives funding from SEAF Morocco Growth Fund

Source: Venture Burn SOS Credit, a Casablanca-based fintech startup, has received an undisclosed investment from the SEAF Morocco...

Fintech startup Funding

Egypt

Fawry to IPO within next few weeks at a valuation up to $330 million

Source: Menabytes Fawry, the leading Egyptian electronic payments company will go public within the next few weeks by listing its shares...

ecommerce MENA exchange

Lebanon

In conversation with Elie Nasr of FOO

FOO started as a mobile app development company in 2009 in Lebanon. Founded by Elie Nasr and Ghady Rayess, the pair pivoted their business...

Foo Fintech b2b

Turkey

Turkey-based Iyzico acquired for $165 million

Source: MenaBytes PayU, a Netherlands-headquartered online payment service provider, owned by South African internet and entertainment...

Fintech online PAYMENT

U.A.E

The fintech way of sending money abroad

The Gulf is the world’s biggest source of outbound remittances worldwide and fintech startups are vying to disrupt the...

Fintech remittance remittances

Thought Leadership

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