Wamda

U.A.E

NymCard raises $7.6 million in Series A

Abu Dhabi-based Banking-as-a-Service (BaaS) provider NymCard, has raised a $7.6 million Series A funding round, led by Shorooq Partners,...

NymCard bank as a service Fintech

Jordan

GoCash raises $300,000 pre-seed investment

Jordan-based financial technology (fintech) startup GoCash, has raised $300,000 in a pre-seed investment round from a group of Amman-based...

Fintech Gocash ATM market

Egypt

Egyptian fintech in 2021: The journey ahead [Part Two]

In the second part series, Michel Assaad, vice president of Europe, Middle East and Africa strategy at Citi Bank, outlines the trends...

Fintech

Egypt

Egyptian fintech in 2020: A tale of crosswinds and tailwinds [Part One]

In this two part series, Michel Assaad, vice president of Europe, Middle East and Africa strategy at Citi Bank, outlines the trends...

Fintech

U.A.E

Wamda participates in Ziina’s seed round

Wamda has invested in UAE-based peer-to-peer (P2P) payment application Ziina’s seed funding round, which was led by the Oman...

Ziina Fintech

Qatar

Cwallet secures $220,000 pre-seed

Qatar-based financial technology (fintech) startup Cwallet, has raised a $220,000 pre-seed round from its founders and MBK...

cwallet Fintech

Saudi Arabia

NearPay raises $600,000 pre-seed

Saudi Arabia-based financial technology (fintech) startup NearPay, has raised a $600,000 (SAR 2.2 million) pre-seed round, led by Saudi...

NearPay Angel Investment Fintech

Global

UAE-based Zenith Global invests $1 million in India's TaxBuddy.com

Source: YourStory TaxBuddy.com, a Mumbai-based fintech startup, on Monday raised $1 million in early-stage funding from UAE-based fund...

Fintech TaxBuddy.com Zenith Global

U.A.E

Is open banking the answer to boosting the UAE property market?

Michael Hunter is the co-founder of Holo Open banking is a term we have been hearing a lot over the past three years, since the...

Fintech Open banking

U.A.E

A cashless society in the UAE cannot happen without financial inclusion

Anouar Bourakkadi Idrissi is the CEO of Edenred UAE At the onset of 2020, implementation of the wide-scale lockdown and social...

Fintech financial inclusion cashless

Saudi Arabia

tabby raises $23 million in Series A

UAE-founded Buy Now Pay Later (BNPL) provider tabby has raised Series A financing round of $23 million in debt and equity led by...

Tabby Fintech

Egypt

Raya Holding to launch EGP 100 million fintech-focused fund

Source: WAYA Raya Holding announced that it will invest EGP 100 million to establish a direct investment fund specifically for...

Raya holding Fintech VC fund

Saudi Arabia

Western Union buys $200 million stake in STC Pay

Source: Bloomberg Western Union Co. acquired a 15% stake in stc pay, a unit of Saudi Telecom Co. that’s focused on...

Western Union STC Pay Fintech

Morocco

Outlierz Ventures invests in three African startups

Source: Ventureburn The three selected tech-enabled startups will utilise the funding received from Outlierz Venture to transform...

healthtech Outlierz Ventures Fintech

U.A.E

DIFC’s Innovation Hub to support Dubai’s future economic growth

Source: WAM The innovation mandate has expanded for the Dubai International Financial Centre, DIFC, the leading global financial centre...

DIFC Fintech MEASA

Regional

The issue of open banking [part two]

In the first part of this feature, we introduced the concept of open banking. Here, we take a closer look at the regulatory...

Fintech Open banking

Regional

The issue of open banking [part one]

Following DAPI’s open letter to the UAE Bank Federation Advisory Council penned by co-founder Mohammed Aziz over a month ago, open...

Fintech Open banking DAPI

Regional

Providing a purpose in remittances

There are about a billion migrant workers around the world who send money to their families in remittances. This source of income is vital...

Fintech remittance now money

Egypt

Foundations Ventures launches early-stage fund, invests in 4 startups

Egypt-based venture capital firm (VC) Foundation Ventures has launched an early-stage fund to back Egyptian startups, offering investments...

Foundation Ventures HOF Capital early stage

Regional

The slow rise of neobanking in the Middle East

This week’s biggest financial news came from Abu Dhabi after investment firm ADQ, the holding company for some of the biggest assets...

Fintech Open banking neo banking

Bahrain

FinHub 973 launches to boost fintech sector in Mena

The Central Bank of Bahrain (CBB) launched today FinHub 973, the first of its kind virtual fintech platform in the region, in collaboration...

Fintech digital transformation Regulations

Egypt

NowPay raises $2.1 million seed

Cairo-based financial technology (fintech) startup NowPay, has raised $2.1 million in a seed investment round led by Foundation Ventures...

NowPay Fintech Emerging Markets

Egypt

Flick raises $1 million pre-seed investment

Egypt-based peer-to-peer (P2P) financial technology (fintech) startup Flick, has raised a $1 million a pre-seed funding round from an angel...

Flick money transfer Fintech

Saudi Arabia

Fintech Saudi, Flat6Labs launch fintech accelerator programme

Source: Fintech News Middle East Powered by startup accelerator Flat6Labs, Fintech Saudi is launching its Fintech Accelerator, an...

Flat6Labs Jeddah SAMA Fintech

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