Wamda

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

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

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

Egypt

MINT Incubator

MINT Incubator is an EG Bank programme that is managed by Cairo Angels, offering mentorship, workshops, operational perks as well as a...

Incubator Fintech

Regional

Beyond m-Banking: How Africa’s fintech startups are bringing power to the people

Africa is in a constant battle against its colossal geographic scale, political unrest, and lack of legacy infrastructure, creating a host...

africa mobile money Fintech

Regional

Two new fintech accelerators announced at RiseUp

Jordan’s Ahli bank announced the launch of is financial technology (fintech) seed acceleration programme at RiseUp Summit...

Fintech accelerator

Kuwait

Kuwait launches fintech sandbox

Source: Reuters Kuwait’s central bank has issued regulatory guidelines for companies wishing to experiment with new financial...

Fintech kuwait

U.A.E

Fintech Hive to partner with Hong Kong's Cyberport

Dubai’s Fintech Hive is set to partner with Hong Kong’s technology hub, Cyberport, to enable financial technology (fintech)...

Fintech Hong Kong Fintech Hive

U.A.E

Majid Al Futtaim acquires mobile wallet app Beam

Source: Gulf Business Dubai-based mall operator Majid Al Futtaim has acquired Beam Portal, the owner of UAE mobile wallet app, Beam, it...

Fintech mobile payment Dubai

Regional

GCC fintech startups to attract $2 billion in investments

Private-funding investments in GCC-based financial technology (fintech) startups is expected to reach $2 billion in the next decade...

Fintech Fintech Hive investement

U.A.E

Abu Dhabi Securities Exchange to create infrastructure for cryptocurrency assets

Source: Bitcoin.com The Abu Dhabi Securities Exchange has released a paper aimed at creating the infrastructure necessary to accommodate...

abu dhabi Fintech cryptocurrency

Kuwait

DWS Group acquires stake in GCC FinTech startup Neo Technologies

Source: The National DWS Group, a European asset manager in which Germany’s Deutsche Bank has a majority stake, agreed to...

Fintech

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