Wamda

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

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

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

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

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

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

Jordan

UAE-based fintech Ziina set to expand to Jordan

UAE-based fintech Ziina will extend its services to Jordan. Founded in 2020 by Faisal Toukan and Sarah Toukan, Ziina helps...

Fintech Ziina

U.A.E

Neobank Zywa raises $3 million Seed round

UAE-based neobank Zywa, has raised $3 million in a Seed round from Goodwater Capital, Dubai Future District Fund, Rebel Fund, Trampoline...

Fintech neo banking Zywa

Regional

Mena to witness more than 45 unicorns by 2030, STV report

Mena is set to witness the birth of more than 45 unicorns in the next eight years, with an estimated total equity value to reach more...

STV Fintech Unicorn

U.A.E

BNPL Tabby secures $150 million credit facility

UAE-based fintech Tabby, has secured $150 million in debt financing from Atalaya Capital Management and existing investor Partners for...

Tabby BNPL Fintech

Sudan

Sudanese fintech Bloom raises $6.5 million Seed round

Sudan-based fintech Bloom, has raised a $6.5 million Seed round from Visa, Y Combinator, US-based VCs Global Founders Capital (GFC) and...

Bloom Fintech Visa

Tunisia

Tunisia’s Paymee raises six-figure round led by P1 Ventures

Tunisia-based fintech Paymee, has closed a six-figure funding round led by P1 Ventures. Founded in 2018 by Marwen Amamou, Paymee...

Paymee P1 Ventures Fintech

Global

Fintechs face reckoning as easy money dries up

By Imani Moise, Siddharth Venkataramakrishnan and Joshua Oliver As a wave of fintechs rode successive funding rounds to ever-higher...

Fintech

Egypt

MNT-Halan acquires Talabeyah for undisclosed amount

Egypt-based fintech MNT-Halan has acquired B2B e-commerce platform Talabeyah for an undisclosed amount. Founded in 2017 by Mounir...

MNT-Halan Talabeyah FMCG

Regional

How to create a fintech startup that will thrive

Kartik Taneja is the executive vice president, head of payments at Mashreq Bank Fintech startups are becoming increasingly...

Mashreq Fintech

U.A.E

Pemo raises $12 million Seed round

UAE-based fintech Pemo has raised a $12 million Seed round, co-led by Cherry Ventures and Shorooq Partners, with participation from...

Pemo Fintech MENAP

Egypt

Paymob raises $50 million Series B round

Egypt-based fintech Paymob has raised $50 million in Series B funding, led by Kora Capital, PayPal Ventures, and Clay...

Paymob Fintech Kora Capital

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