Wamda

Saudi Arabia

Crowdfunding platform Manafa secures $28 million Series A round

Saudi Arabia-based fintech Manafa, has closed its Series A funding of $28 million (SAR106 million), led by STV and Wa’ed Ventures,...

Manafa Wa'ed Vnetures Series A

Regional

Saudi fintech PayTabs acquires Turkey’s Paymes

Saudi Arabia-based fintech PayTabs, has fully acquired Turkish social commerce platform Paymes for an unknown amount. Under the terms...

paytabs Fintech Paymes

Regional

Revival Lab launches $40 million fintech-focused VC builder and fund

Saudi Arabia-based Revival Lab will establish “Fin-tactics Ventures", a venture builder specialised in fintech, insuretech...

Revival Lab Fin-tactics Ventures

Regional

Savings: The app rewarding the masses

Over the past few years, several startups catering to the unbanked have emerged, targeting those who wish to gain access to basic financial...

Savings app financial inclusion loyalty

U.A.E

KLAIM raises $5 million Seed from Knuru Capital with plans to increase round to $30 million

UAE-based fintech KLAIM, has raised a $5 million Seed round from Knuru Capital, with plans to increase this to over $30 million by way...

KLAIM Knuru Capital healthtech

Global

Social impact: The neglected child of crypto

Following the collapse of US-based crypto exchange platform FTX, the future and stability of crypto has come into question once again....

Cryptocurrencies Bitcoin Sustainability

U.A.E

UAE's baraka closes $20 million Series A led by Valar Ventures

UAE-based fintech baraka, has closed a $20 million Series A round led by Valar Ventures, the VC’s first regional investment....

Baraka Fintech Valar Ventures

Egypt

Egyptian fintech Blnk raises $32 million in equity, debt funding

Egypt-based fintech Blnk, has raised $23.7 million in equity and debt funding, and $8.3 million in securitised bond issuance. The...

Blnk Fintech Sawari Ventures

U.A.E

Pyypl raises $20 million Series B round

UAE-based fintech Pyypl, has raised a $20 million Series B round from a group of international investors and ten of its existing...

Pyypl Fintech

Saudi Arabia

Saudi Central Bank launches open banking framework

The Saudi Central Bank (SAMA) has issued its open banking framework, a set of legislation, regulatory guidelines and technical standards...

Open banking Fintech

Saudi Arabia

Saudi Arabia’s Paytabs acquires Digital Pay

Saudi Arabia-based fintech PayTabs, will fully acquire compatriot point of sale (POS) provider Digital Pay, for an unknown...

paytabs Digital Pay

Regional

Middle East investors embrace crypto the traditional way

Matthew Clapp is the head of business development and asset management at EQONEX a Nasdaq-listed digital assets financial services...

cryptocurrency

Egypt

Money Fellows raises $31 million in first close of Series B

Egypt-based fintech Money Fellows, has finished the first close of its Series B round with a $31 million investment led by...

Money Fellows Fintech CommerzVentures

Egypt

valU acquires minority stake in fintech Kiwe

Egypt-based fintech valU has acquired a minority stake in the social payment app Kiwe, for an unknown amount. Founded in 2018 in Egypt...

valu Kiwe Fintech

Egypt

Egypt’s Nexta raises $3 million for its challenger fintech app

Egypt has a population of over 103 million inhabitants, growing at approximately 2 per cent a year. The enormous growth in population has...

Nexta

Kuwait

Kuwaiti fintech Ruba raises pre-Seed round

Kuwait-based fintech startup Ruba, has raised an undisclosed amount in pre-Seed funding. Founded in 2021 by Ameen Nadoom, Fawaz...

Ruba Fintech

Egypt

Egypt’s Telda raises $20 million Seed round

Egypt-based fintech Telda, has raised $20 million in Seed funding, led by Global Founders Capital with participation from Sequoia...

Telda Fintech

Egypt

Mastercard invests in Egypt's Nclude

Egypt-based VC fund Nclude has raised an undisclosed investment from Mastercard, to accelerate Egypt's fintech ecosystem. The...

Nclude MasterCard Fintech

U.A.E

Five FS closes $3.5 million Seed round

UAE-based fintech Five FS has raised $3.5 million in Seed funding led by Romanian VC firm Zeyshare Ventures at a $30 million...

Five FS Zeyshare Ventures Fintech

Saudi Arabia

Saudi Arabia’s anb invests in Cashee’s Series A round

Saudi Arabia-based bank anb has participated in UAE-based fintech Cashee’s Series A round. The amount invested was not...

Cashee ANB financial inclusion

U.A.E

MoneyGram acquires minority stake in UAE’s Jingle Pay

UAE-based fintech Jingle Pay has raised an unknown amount of investment from US firm MoneyGram International, Inc., for a 12 per cent...

MoneyGram Jingle Pay

Saudi Arabia

NearPay raises $3.6 million pre-Series A round

Saudi Arabia-based fintech NearPay has raised $3.6 million in a pre-Series A funding round, led by Vision Ventures with participation...

NearPay Softpos

Egypt

Tabby partners with Paymob to offer BNPL to Egyptian retailers

UAE-based fintech Tabby, has partnered with Egypt’s digital payment solution fintech Paymob to create a seamless buy now pay later...

Tabby Paymob BNPL

U.A.E

Verity: Driving financial access for the region's children

It was during one of his evening jogs that Kamal Al-Samarrai wondered why he found himself in a position of financial difficulty. At the...

Verity app financial literacy Open banking

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