Tagged: dubai

Fintech Unicorn Stripe Enters MENA Region Markets with its Dubai, UAE Launch, Following $600M Round

Fintech firm Stripe has reportedly launched its business operations in the Middle East with its recent entry into the United Arab Emirates (UAE). Stripe is notably one of Silicon Valley’s most valuable Fintechs. The company chose Dubai, a major MENA region financial hub, for its… Read More

Dubai International Financial Centre Receives Approval to Join the World Alliance of International Financial Centers

      Dubai International Financial Centre (DIFC), an international financial hub in the Middle East, Africa, and South Asia (MEASA) region, has received approval to join the World Alliance of International Financial Centers (WAIFC). WAIFC is described as a non-profit association registered in Belgium,… Read More

Regtech, Financial Wellness, Debt Investments Startups Among 11 Initiatives to Graduate from StartupBootCamp Fintech Dubai

The third edition of Startupbootcamp Fintech Dubai’s accelerator program has now concluded. During the Demo Day, there were 11 startups that pitched their ideas to potential investors, corporate partners, industry experts, mentors, and the general public. Startupbootcamp Fintech Dubai was introduced in 2018 through a… Read More

tZERO Joins with ROI to Tokenize Dubai Real Estate

tZERO has partnered with ROI Group, a real estate development company, to digitize up to $50 million of preferred equity in a luxury hotel and residential development located in downtown Dubai, according to a release. The tokenization will utilize the Tezos Blockchain. This is said… Read More

Chairman of Dubai’s IBC Group Pledges 100,000 Bitcoin for Miami 2.0 Blockchain Strategy Foundation: Report

  According to multiple reports, Khurram Shroff, chairman of the IBC Group in Dubai, has pledged 100,000 Bitcoin for the Miami 2.0 Blockchain Strategy Foundation. At its current price point, 100,000 BTC is worth a whopping $5 billion. And if some prognosticators get it right,… Read More

SNGLR, a Digital Advisory and Tech-focused VCs Specializing in Longevity and Smart Mobility, Launch Global Platform

SNGLR Holding AG has confirmed the official launch of its business operations and is now fully operational with its headquarters based in Zug, Switzerland. SNGLR Holding also maintains  business offices in Boston (USA), Berlin, (Germany), Rome (Italy), and Dubai (UAE). The SNGLR Holding team includes… Read More

UAE based Investment Advisory Firm Sarwa Acquires Experimental Fintech Permit to Offer Services in Saudi Arabia

Dubai-headquartered investment advisory firm Sarwa is reportedly expanding its business operations to Saudi Arabia after acquiring a temporary or experimental Fintech license from Saudi’s Capital Markets Authority (CMA). This development has come about a year after Sarwa secured $8.4 million in capital, which was one… Read More

Dubai and UAE Economy Expected to Grow 4% in 2021, Supported by Financial Services and Nascent Fintech Sector

Dubai‘s economy is projected to grow by 4% this year, driven by the government’s (fairly) effective response to the COVID-19 pandemic. The Dubai government has taken several measures to extend support to local businesses and individuals. It also launched four stimulus packages valued at 6.8… Read More

Fintech Rise Founder Padmini Gupta Discusses Challenges Experienced by Migrant Workers when Sending Remittance Payments

The Covid-19 pandemic has been a major global disruptor as it has fundamentally changed how people conduct their daily lives. In 2020, we saw many more consumers using online platforms while cash usage dropped considerably in some parts of the world. In developed countries like… Read More

Over 80 New Fintech Initiatives Joined Dubai International Financial Centre in H1 2020, a 75% YoY Increase

Although Dubai’s economy is projected to contract by 6.2% this year, with the travel and hospitality industries hit really hard due to the COVID-19 pandemic, the country saw a significant increase in bank financing for its communications, storage, and transport sectors. There was also solid… Read More

UAE’s Real Estate focused Fintech Stake to Allow Investors to Begin Investing with Only 2,000 Dirhams

A Dubai-based real estate-focused Fintech firm is planning to offer local investors an opportunity to invest in the property market with as little as 2,000 AED (appr. $544). UAE-headquartered Stake, which is supported by a Saudi national, is currently based in the Fintech Hive which… Read More

Dubai International Financial Centre’s Fintech Hive and Israel’s Fintech Aviv to Work Cooperatively to Expand Financial Tech Ecosystems

The Dubai International Financial Centre (DIFC) Fintech Hive, the largest Fintech hub in the MENA region, entered into an agreement with Israel-based Fintech-Aviv on Saturday, November 28, 2020. Founded in 2014, Fintech Aviv aims to cater to the needs or requirements of the Israeli Fintech… Read More

Dubai Entrepreneur Khurram Shroff’s IBC Group Commits $10 Million to ETH 2.0 Staking to Support Launch of Ethereum Upgrade

The United Arab Emirates (UAE) is reportedly leading the MENA region’s Fintech sector with a projected valuation of around $2.5 billion by 2022 (which is still not significant compared to international standards). Regional and multinational financial services providers have been launching digital platforms in order… Read More

Global Payments Platform Adyen to Expand Business Operations into Middle East, Launches Dubai Office

Global payments platform Adyen (AMS: ADYEN), which claims it’s the platform of choice for many of the world’s largest businesses, has announced that it would be expanding its operations into the Middle East region. Adyen’s management noted that they aim to support the momentum of… Read More

UAE based Fintech BankOnUs Introduces AI enhanced Financial and Insurance Services Comparison App

UAE-based BankOnUS, a major financial services aggregator, has introduced an AI-powered app that aims to offer reliable and cost-effective financial solutions. The app allows users to access several different financial products and services from one wallet or interface. As mentioned on BankOnUs’ official website, the… Read More

American Fintech Ripple Set to Establish Operations at the Dubai International Financial Centre

American Fintech firm Ripple has reportedly chosen the Dubai International Financial Centre as its new regional headquarters. Financial institutions based in over 45 different countries are currently using RippleNet, which is a “decentralized” network for conducting cross-border transactions between different financial services providers. Ripple focuses… Read More

Nasdaq Dubai Welcomes Listing of $600 Million Sukuk by Islamic Corporation for the Development of the Private Sector

Nasdaq Dubai has welcomed the listing of $600 million Sukuk by the Islamic Corporation for the ongoing development of the nation’s private sector. According to a release shared with Crowdfund Insider, the Sukuk offering was allocated to investors based in the Middle East, Asia and… Read More

Australian Neobank Xinja Is Working on Finalizing $433 Million Investment Deal from Dubai’s World Investment Group

Australian neo-bank Xinja recently noted that it’s working cooperatively with Dubai’s World Investment Group (WIG) in order to close the $433 million investment deal that was announced in March 2020. At present, the bank is working with auditors so that they can address concerns regarding… Read More

Nearly 75% of Payments in the UAE will Be Cashless by 2025 as Country Prepares for Post COVID Business Environment

  Dubai Economy recently brought together the main stakeholders in the country’s cashless economy ecosystem at the Future Economy Lab event (workshop). The event was conducted as part of the UAE’s ongoing efforts to address COVID-19 related challenges. The Middle Eastern country is focused on… Read More

Abu Dhabi Global Market Releases Sustainable Finance Report, which Highlights Benefits of Islamic Finance and SDGs

Abu Dhabi Global Market (ADGM), which aims to serve as a global financial center and hub for the MENA region, says it’s always working to ensure the economic well-being of its community members. ADGM has released its State of Sustainable Finance Report – which outlines… Read More

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