Tagged: dubai

DIFC Introduces Suggested Amendments to Real Property Law for Consultation

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The Dubai International Financial Centre (DIFC), a global financial center situated in the MENA and South Asia region, has issued a consultation paper “proposing to amend the Real Property Law, DIFC Law No. 10 of 2018.” The Proposed amendments will aim to “facilitate the administration… Read More

UAE Fintech Alaan Acquires $2.5M to Expand Multi-Currency Spend Management Platform

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Dubai-headquartered Fintech firm Alaan has acquired $2.5 million in capital via an investment round. The firm is now coming out of stealth mode. The multi-currency spend management platform developers noted that they would use the proceeds to hire new talent and scale operations across the… Read More

KARM Legal Consultant Partners with ScaleCompliance to Provide Crypto Compliance Services

Kokila

KARM Legal Consultant PVT Limited, a UAE legal consultancy firm specialized in blockchain, Fintech and Data Protection/Cyber laws, has announced a partnership with Switzerland-based ScaleCompliance GmbH to provide crypto compliance services. Kokila Alagh, founder and CEO KARM Legal, commented: “We believe in cultivating a divergent… Read More

Dubai based ICICB Group to Offer Digital Banking Services in Brazil

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The ICICB Group claims that it has an established track record of launching innovative businesses and propositions with consistency. The Group is known for reviewing the scope of possibilities, from initial strategy to technical development. As mentioned in an update shared by the ICICB Group,… Read More

Luna PR Launches Luna VC to Invest in Early Stage Crypto Firms

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Luna PR, a digital asset-focused marketing firm, has announced the creation of Luna VC – a venture company launched to invest in early-stage crypto companies. Apparently, Luna VC has already invested in ten crypto firms claiming a 4000% return during the first quarter of its… Read More

Saudi Arabia based Fintech Lean Technologies Acquires $33M from Sequoia Capital, Others

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Sequoia Capital has reportedly made its first investment in the Gulf / MENA region by leading an investment round for Lean Technologies, a Saudi Arabia-based Fintech company whose founders include the son of the kingdom’s former oil minister, Khalid Al-Falih. Lean Technologies, which allows firms… Read More

Fintech MODIFI Acquires $145M to Support Global SME Trade Among Supply Chain Challenges

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Global Fintech firm MODIFI has announced $145 million in debt financing with existing bank partners Silicon Valley Bank and Solarisbank. The proceeds will be channeled towards addressing rising demand and help more SMEs with trading internationally on MODIFI’s digital platform. The COVID-19 outbreak has “negatively… Read More

UAE’s Smart Money Management App, Edfundo, Makes Several Key Appointments

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Edfundo, the transformative smart money management app for kids and teens living in the United Arab Emirates (UAE), has appointed industry specialists to its advisory board. Joining the board are Saudi-headquartered Fintech & Business Development specialist Saleh AlHammad, UK‘s Finance & Emerging Payments professional David… Read More

UniTeller, a Remittance Payments Provider, Extends Services to APAC Clients with Assistance from Tranglo

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UniTeller, a global remittance payments processor with head offices in the US, has reportedly extended its remittance services to more clients residing in the Asia Pacific by teaming up with Malaysia’s cross-border payments Fintech Tranglo. UniTeller’s partnership with Tranglo will enable UniTeller to continue expanding… Read More

UAE’s Personal Finance and Investment Platform Sarwa Announces the Launch of Sarwa Trade

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Sarwa has confirmed the launch of Sarwa Trade, which is a zero-commission, zero-transfer-fee trading platform. Sarwa customers are able to trade stocks and exchange-traded-funds (ETFs) via an intuitive mobile app — with no commissions, no international transfer fees “from local AED accounts, and no minimum… Read More

Tiger Global Leads $12M Round in MENA Region’s Open Banking Fintech Tarabut Gateway

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Dubai-based Open Banking firm Tarabut Gateway recently secured $12 million in capital via a pre-Series A round. Tarabut Gateway’s investment round has reportedly been led by Tiger Global. Other investors made contributions as well, including new backers Dubai International Fintech Fund, which is an investment… Read More

Fintech Adoption: Central Bank of UAE Partners with DIFC to Support Financial Tech Sector Growth

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The Central Bank of the UAE (CBUAE) signed an agreement with Dubai International Financial Centre (DIFC), the international financial center in the MEASA region, in order to collaborate on the development and growth of the UAE’s Fintech sector “through joint initiatives and activities.” The agreement… Read More

Blockchain VC CV VC Begins Dubai Operations

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Blockchain venture capitalist CV VC has started its Dubai operations in partnership with DMCC Crypto Centre. CV VC has currently successfully invested in 32 early-stage blockchain startups from around the world, 22 of which came via its CV Labs incubation program. Selected start-ups from the… Read More

Global Processing Services Establishes MENA Region Office, Hires Payments Professional, Arnav Rath

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Global Processing Services (GPS), the Paytech Pioneer behind major Fintech challengers, reveals that it has established its MENA region office and hired payments professional, Arnav Rath, as Head of Region. Based in Dubai, the team will focus on leveraging its international reach and payments expertise… Read More

Dubai’s Personal Finance and Investment Platform Sarwa Secures $15M via Series B from Mubadala, 500 Startups, Others

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Dubai-headquartered personal finance and investment platform Sarwa has acquired $15 million in capital through a Series B round. Abu Dhabi’s sovereign investment company Mubadala Investment Company has led Sarwa’s latest investment round. Other investors that made contributions include 500 Startups, KIPCO, Shorooq Partners, MEVP, DIFC,… Read More

UK based Legaltech Firm Clara Acquires Strategic Investment from the Dubai International Financial Centre

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The Dubai International Financial Centre (DIFC), a special economic zone in Dubai covering 110 ha, established in 2004 and a financial hub for the MENA region as well as South Asia markets, has reportedly invested an undisclosed amount in UK-headquartered Legaltech firm Clara. Clara has… Read More

Mubadala Capital backed BNPL Fintech tabby Acquires Debt Financing to Expand MENA Region Operations

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A Mubadala-backed Fintech firm in Dubai has acquired a substantial amount of debt financing. This new round of funding for tabby reveals that Buy Now, Pay Later or BNPL companies are attracting a lot of business as the Fintech sector evolves rapidly with a rise… Read More

Visa Confirms Appointment of Dr. Saeeda Jaffar As Group Country Manager, SVP for GCC Region

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Visa (NYSE: V) has confirmed the appointment of Dr. Saeeda Jaffar as Group Country Manager, and SVP for its operations across the Gulf Cooperation Council (GCC) region. Dr. Jaffar will reportedly be joining the digital payments leader to manage and oversee its presence in six… Read More

Amazon Payment Services, a Payments Processing Provider for MENA Region, Introduces Fintech Lab in DIFC Innovation Hub

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Amazon Payment Services, a payment processing service for the MENA region, has introduced the Amazon Fintech Lab in the DIFC Innovation Hub. The project is reportedly the latest in Amazon Payment Services’ efforts to provide support to the Fintech ecosystem in the MENA region. The… Read More

OurCrowd Talks Areas of Joint Interest Between UAE and Israel

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Following the Abraham Accords, initiated by the Trump administration that saw the normalization of relations between the UAE and Bahrain, OurCrowd – a top global early-stage investment platform, moved quickly to announce relations with middle east gr0ups. After quietly working behind the scenes for years,… Read More

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