Wamda

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

U.A.E

UAE-based Foloosi raises pre-seed fund

Foloosi, a UAE-based financial technology (fintech) startup has raised an undisclosed amount of pre-seed funding from angel fund investor...

seed fund Fintech

Egypt

In conversation with Ahmed Wadi of MoneyFellows

In a bid to fund his wedding, Ahmed Wadi realised he’d taken out the maximum loan limit from his bank and so he came up with the idea...

Fintech Flat6Labs Cairo MoneyFellows

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

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

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

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