Tagged: dubai

Dubai Financial Services Authority & Hong Kong Monetary Authority Sign Fintech Cooperation Agreement

The Hong Kong Monetary Authority (HKMA) and the Dubai Financial Services Authority (DFSA) have signed a Fintech Co-operation Agreement today to boost collaboration between the two regulatory authorities, with a view to facilitating financial innovation in the two jurisdictions. The Co-operation Agreement was signed by… Read More

Australian Securities & Investments Commissions Signs New Fintech Cooperate Agreement With Dubai Financial Services Authority

This week, the Australian Securities and Investments Commission (ASIC) announced it has signed a new fintech cooperate agreement With Dubai Financial Services Authority (DFSA). According to the ASIC, this new agreement will enable it and the DFSA to refer innovative fintech businesses to each other… Read More

FinTech Hive Member Sarwa Digital Wealth Receives In-Principle Approval For Innovation Testing License From Dubai Financial Services Authority

The Dubai Financial Services Authority (DFSA) today granted Sarwa Digital Wealth Limited (Sarwa), an automated investment advice service, in-principle approval for its Innovation Testing Licence (ITL). According to the organization, Sarwa Digital Wealth is considered the first fintech operator to receive approval for this special… Read More

Largest Equity Crowdfunding Round in the MENA Region: Enerwhere Lists on Eureeca

Enerwhere, the “world’s first” distributed solar utility company, has become the region’s largest equity crowdfunding round. Listed on Eureeca, Enerwhere has already seen almost $700,000 committed. Eureeca is the first multi-regulated global Equity Crowdfunding platform based in MENA. Chris Thomas, Co-Founder and Co-CEO of Eureeca, commented; “The… Read More

Digital Wallet Summit 2017 – Dubai

Transforming the Middle East into a leading Cashless Economy 30+ Speakers                     200+ Delegates                 20+ Exhibitor                     8+Workshops Towards Dubai government’s aim to make the UAE among the best countries in the world by the Golden Jubilee of the Union, we have launched the… Read More

FundedByMe Expansion: Launches Operations in Dubai & UAE

On Thursday, FundedByMe announced it has launched operations in both Dubai and the UAE. This news comes less than two months after FundedByMe launched its operations in Mexico FundedByMe stated it has the ambition to be a true global player in the equity crowdfunding scene. The… Read More

Peer to Peer Lender Beehive Raises $5 Million Series A

  Beehive, based in Dubai and MENA’s leading peer to peer lending platform, has raised $5 million in funding as part of a Series A round led by Riyad TAQNIA Fund along with participation by the Mohammed Bin Rashid Fund (MBRF), the financial arm of… Read More

Eureeca Self Crowdfunding Round Raises $400,000 in Just 6 Hours, Plans Expansion & New Services

Eureeca, a Dubai based multi-regulated global Equity Crowdfunding platform, has shared that it has successfully reached its funding target during its second self-crowdfunding round having raised over $400,000 in just 6 hours. The self-funding campaign represents a portion of an ongoing Series A round, which… Read More

Securities Commission Malaysia Comments on Fintech Bridges

Securities Commission Malaysia (SC) has released a statement on the recently signed cooperation agreements with major financial centers. These “Fintech bridges” are described as a move to spur greater cooperation in facilitating and regulating innovations emerging within the digital finance industry. Recently, SC has established… Read More

Dubai & Malaysia Sign Fintech Cooperation Agreement

The Dubai Financial Services Authority (DFSA) and Securities Commission Malaysia (SC) have entered into an agreement to cooperate in the development of Fintech.  According to both parties, this agreement reflects efforts by both authorities to provide a robust regime that fosters financial innovation in the… Read More

Dubai Financial Services Authority & the Securities and Futures Commission in Hong Kong Partner on Fintech

The Dubai Financial Services Authority (DFSA) and the Securities and Futures Commission (SFC) in Hong Kong have signed an agreement to cooperate on Fintech innovation. The two public entities said the agreement will further strengthen the efforts of both authorities to develop an innovations-friendly ecosystem… Read More

Dubai Regulations for Crowdfunding: Issuers May Raise Up To $5 Million

The Dubai Financial Services Authority (DFSA) announced the enactment of a regulatory regime designed to engender a robust crowdfunding ecosystem for the country. The new regulations are part of a strategy to foster an innovation driven economy. Empowering entrepreneurs and startups by providing the access… Read More

Dubai Announces Regulatory Framework for Crowdfunding

The Dubai Financial Services Authority (DFSA) has today launched a regulatory framework for loan and investment-based crowdfunding platforms. The DFSA noted this is the first such framework in the  Gulf Cooperation Council (GCC) member countries. The new crowdfunding regulatory approach is part of the DFSA’s… Read More

Bahrain Signs Fintech Partnership with Singapore

The Bahrain Economic Development Board (EDB), Singapore Fintech Consortium (SFC), and the Dubai-asset management firm Trucial Investment Partners have partnered to create a new FinTech environment. This new agreement is a part of a wider partnership aiming to make Bahrain the region’s Fintech powerhouse. Khalid Al Rumaihi,… Read More

Beehive Signs MOU with Mohammad Bin Rashid Fund to Provide SME Loans

Dubai based peer to peer lender Beehive has signed a memorandum of understanding (MOU) with the Mohammad Bin Rashid Fund (MBRF), part of the Dubai Ministry of Finance. The collaboration will see MBRF act as the guarantor for credit of up to Dh500,000 for SME loans… Read More

Dubai Financial Services Authority Creates Special License for Fintech to Foster Innovation

The Dubai Financial Services Authority (DFSA) is looking to streamline the process of financial innovation by creating a special license for Fintech firms called the “Innovation Testing License” or ITL.  The DFSE said the ITL signals the “next phase” in their regulatory roadmap to increase… Read More

OneGram Claims First Sharia Compliant Digital Currency, Lists ICO for Over $500 Million

OneGram announced at Consenus this week the world’s first Sharia-compliant, gold-backed digital currency. The company also announced details for its “OGC” token crowdsale which will begin at the onset of Ramadan. The Initial Coin Offer (ICO) will continue for 120 days. OneGram seeks to raise… Read More

Smart Dubai: Implementing Blockchain Across the City, Emirates NBD on Board

Dubai’s pioneering government-backed initiative to implement blockchain technology across the city is now into its third month, and the pilot schemes continue to roll out. The move aims  to secure the city’s reputation as a leading Middle Eastern business center. This month Dubai’s largest bank, Emirates… Read More

Fidor Hires Brad Whittfield as Global CFO

Fidor, a digital bank and Fintech solutions provider, has appointed Brad Whittfield as Global Chief Financial Officer. This is a newly created role within the Fidor Group and will be based in Dubai, UAE – Fidor Solutions’ central hub for its global expansion. Whittfield is… Read More

UAE Invoice Bazaar Receives Guidance & Investment from Shirish Apte

Invoice Bazaar, a UAE Fintech supply chain finance platform announced an investment from Shirish Apte, former CEO and Chairman Asia Pacific of Citigroup. Founded last year in Dubai, Invoice Bazaar has now expanded into India and Singapore. “Having seen the business model of many FinTech… Read More