Wamda

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

Egypt

Fawry lists on Egyptian Exchange

Source: MENAbytes Egyptian electronic payments company Fawry, after months of hype, finally went public on The Egyptian...

fawry ipo IPOs

Regional

FinTech Accelerator

Monsha’at and NCB are collaborating to launch the first FinTech accelerator in KSA. The program supports the...

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

Bahrain

The GCC's smallest island is attracting startup attention

Despite its small size, the Gulf island of Bahrain is proving a force to be reckoned with in the startup world. The tiny nation –...

Bahrain Bahrain Fintech Bay Bahrain Economic Development Board

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

Global

How blockchain can enable economic inclusion of refugees

Jessica Camus is Head of Partnerships and Impact at Diginex. Chris Hambarsoomian is Senior Associate, Government Solutions at...

Refugee Refugee Camps syria

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

Egypt

Egypt's XPay raises $250,000 in pre-seed

Source: MENAbytes Cairo-based fintech startup XPay has raised $250,000 in pre-seed funding from two angel investors, the startup...

Fintech cairo

Egypt

Banking for the unbanked: The growth of fintech in Egypt

In Egypt, cash is king, even when it comes to salaries. Of the 100 million-strong population, the World Bank estimates that just 10-15 per...

Fintech finance fawry

Egypt

In conversation with Mohamed Okasha of Fawry

Financial technology (fintech) has been highlighted as one of the ways to bring banking services to the masses. Across the Middle East and...

Fintech fawry

U.A.E

Careem begins its "Chapter Two"

Careem, the UAE-based ride-hailing app which was recently acquired by US-based Uber is only just starting its “second chapter”...

careem Uber

U.A.E

In conversation with Tarek Ghobar of PointCheckout

Tarek Ghobar is the co-founder of PointCheckout, an online payment gateway that enables consumers to use their loyalty points and air miles...

Loyalty Programs Fintech 1776

Jordan

PointCheckout raises $600,000

UAE-based PointCheckout, an online payment method for reward points, has closed a seed round of $600,000 led by Arzan VC, 500 Startups,...

seed Seed funding seed investment

Egypt

Egypt sets up $57 million fintech startup fund

Source: ITWeb Africa Fintech startups in Egypt could soon have access to 1 billion Egyptian pounds (approximately...

Fintech fund Egypt

U.A.E

DIFC launches $10 million fintech fund

Dubai International Financial Centre (DIFC) has launched a $10 million Fintech Fund and has appointed both Wamda Capital and Middle East...

Fintech DIFC Wamda Capital

U.A.E

Dubai-based Beehive raises $4 million

Source: Menabytes Dubai-based peer to peer lending platform Beehive has raised $4 million as part of its Series B round from Riyad...

Fintech Funding Investment

Saudi Arabia

The benefits of the Saudi-UAE joint initiatives

In January, the UAE and Saudi Arabia announced the launch of seven strategic initiatives to further integrate the countries’ two...

Saudi Arabia uae government cryptocurrency

Regional

Is there a role for startups in the Islamic economy?

With 1.8 billion Muslims worldwide, the Islamic economy is a lucrative sector, worth an estimated $2.1 trillion according to the State of...

Islamic Banking islamic finance Fintech

Regional

yallacompare raises $8 million in latest round

Dubai-based yallacompare has raised $8 million in its latest round of funding. Lead by existing investors STC Ventures and Wamda...

Insurance Price comparison Egypt

Regional

In conversation with Ola Doudin of the UAE's BitOasis

Ola Doudin co-founded BitOasis, the Middle East’s first cryptocurrency exchange back in 2015. Its platform enables users to buy and...

cryptocurrency Blockchain Bit Oasis

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