Tagged: dubai

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

DIFC Accepting Applicants for Fintech Hive Accelerator Program

The Dubai International Financial Centre (DIFC) has announced it is now accepting applications for its ‘FinTech Hive at DIFC’ accelerator program. The announcement comes after DIFC received registered interest from more than 200 companies since it opened its doors in January. The 12-week program is… Read More

Beehive is First P2P Lender to Receive DFSA Regulatory Approval

Dubai-based Beehive has become the first peer to peer lending platform to be authorised and regulated by the Dubai Financial Services Authority (DFSA) Beehive reports that the new regulation is a first for the region and may catalyze sector growth of the Fintech industry. Beehive said… Read More

IMF & Dubai to Host FinTech Seminar at World Government Summit

The International Monetary Fund (IMF) is partnering with Dubai’s Ministry of Finance to co-host a fintech seminar during the 5th World Government Summit that will take place in Dubai between February 12-14, 2017.  Blockchain technology will be a key discussion point during this panel —… Read More

Just in from Dubai: UAE Remittance App NOW Money Wins IBM SmartCamp, Next Stop LAUNCH Festival 2017

NOW Money (NOW), the new remittance app for the unbanked population of the UAE, has won IBM’s SmartCamp competition in Dubai. The competition which took place at the Google Tech Incubator Astrolabs invites early-stage start-up businesses to pitch and win a place at the World’s largest… Read More

Eureeca Funds First Dutch Investment Crowdfunding Deal

Global investment crowdfunding platform Eureeca has funded its first Dutch company. Adtech firm Cabture has raised €212,051 from 44 investors from eight different countries after 64 days of campaigning and pitching via Eureeca. The Cabture crowdfunding offer is still open as it has shifted into over-funding mode…. Read More

First: Eureeca Receives Equity Crowdfunding License from Dubai Financial Services Authority

Eureeca has become the first equity crowdfunding platform to be officially licensed by the Dubai Financial Services Authority (DFSA).  Eureeca is a multi-regulated platform, having already received regulatory approval from from the Financial Conduct Authority in the UK and the Securities Commission Malaysia in 2015…. Read More

Eureeca Self Crowdfunding Round is a Turning Point for Business

Dubai-based Eureeca has released a statement following their successful self-crowdfunding round where they raised $400,000 in 12 days. Sam Quawasmi, co-CEO and co-founder, called the event an important one for platform growth.  Today Eureeca has over 12,000 active investors from 42 different countries. “This year has… Read More

Eureeca Easily Closes Self-Crowdfunding Round: 100% Funded

Eureeca closed its self-crowdfunding round this weekend early – 100% funded. The offer closed after just 12 days of being available online. The securities offer was over 60% funded on day one Based in Dubai, Euereeca has bigger ambitions having received FCA approval in the… Read More

What are the Positives & Negatives of Investing in Real Estate?

Real estate investor and philanthropist Louis Glickman is famously known for saying “the best investment on earth is earth.” As a man who made his fortune in real estate, it’s safe to assume that he knew what he was talking about. But, does his wisdom… Read More

Global Platform Eureeca Updates on AIG Crowdfunding Insurance & Plans for International Expansion

Eureeca is the very first investment crowdfunding platform to set up shop in the Middle East. The home office in Dubai has been complimented with offices in both London and Kuala Lumpur.  Eureeca is a truly global platform seeking to help smaller companies raise capital in… Read More

Beehive Celebrates One Year of Peer to Peer Lending

Dubai-based Beehive, a marketplace/P2P lending platform has celebrated it’s one year anniversary this week.  In September 2015, Beehive pioneered a global first by becoming the first independently certified Sharia compliant P2P platform.  With its Sharia-compliant offering, Beehive supports Dubai’s strategy to become the capital of the… Read More

Know Your Customer: Veridu Provides User Verification to Real Estate Crowdfunding Platform Durise

Veridu, a user verification service, has signed on Durise as its newest customer.  Durise is a new real estate crowdfunding platform based in Dubai, that targets opportunities across the Middle East. Durise, enables many individuals to purchase a small percentage of a property thus making… Read More

P2P Lender Beehive Aided by Clyde & Co’s Islamic Finance Team with Sharia Certification

Clyde & Co, an international law firm operating mainly in the MENA region, states it has advised Beehive on its Sharia certification.  Beehive announced the receipt of its certification earlier this week. The peer to peer lending platform received approval by the Shariyah Review Bureau (SRB). The certification… Read More

Tossed Healthy Eating Celebrates 10th Birthday with £750,000 Equity Crowdfunding Campaign

Tossed, a unique dining establishment that delivers healthy and tasty cuisine, is celebrating its 10th birthday this year. As part of their hard earned success, Tossed is allowing its fans to share in its success with an equity crowdfunding campaign on Seedrs. The company is… Read More