iMENA Group, a regional operator of digital platforms in the Middle East and North Africa, has raised $135 million in the first tranche of its pre-IPO funding round, backed by Sanabil Investments, FJ Labs, and several Saudi investors, including Saygin Yalcin, founder of SellAnyCar. The… Read More
Read more in: Blockchain & Digital Assets, Asia | Tagged fj labs, funding round, iMENA Group, mena, Sanabil Investments
ADGM, the international financial center of the UAE capital, Abu Dhabi, announces the launch of the Virtual Sell and Purchase, the real estate service, which allows multiple steps within property transactions to be “completed virtually by buyers, sellers, and associated banks.” ADGM’s new service streamlines… Read More
Read more in: Asia, Real Estate | Tagged abu dhabi, adgm, mena, real estate, uae
Moroccan Regtech company VOVE ID has reportedly acquired new investment from The Baobab Network in order to support its ongoing growth efforts across the Middle East and wider MENA region. The funding round (the actual amount not disclosed) marks a new milestone for the digital… Read More
Read more in: Global, Regtech & Legaltech | Tagged funding round, mena, morocco, regtech, vove id
Dubizzle Group, the MENA region’s digital marketplace group, announces today the acquisition of Property Monitor, a real-estate market intelligence platform in the UAE. The acquisition of Property Monitor reinforces Dubizzle Group’s leadership in real estate classifieds and technology “through a portfolio of brands, including Bayut… Read More
Read more in: Asia, Real Estate | Tagged dubizzle group, marketplaces, mena, real estate
PayPal (NASDAQ:PYPL) has announced a strategic partnership with TerraPay, a global money movement company, to enable real-time fund transfers for PayPal customers across the Middle East and Africa. This partnership aims to drive economic growth by connecting banks, mobile wallets, and financial institutions. According to… Read More
Read more in: Fintech, Asia | Tagged $PYPL, Ani Sane, mena, Otto Williams, payments, paypal, terrapay
A research paper from ThruHQ, entitled, “Egyptian B2B directory” unveils what appears tobe a “significant disconnect” in Egypt’s online business-to-business sector. The latest research findings, which are said to be derived from the curation of ThruHQ‘s initial batch of listings, indicate that while “95% of… Read More
Read more in: Asia, Fintech | Tagged b2b, digital technology, egypt, mena, research
Checkout.com, a global digital payments company, announced its intention to expand its card issuing capabilities in the UAE. Checkout.com aims to roll out domestic card issuance “in the region in 2026, pending regulatory approval.” This will enable businesses to launch branded cards, whether physical or… Read More
Read more in: Asia, Fintech | Tagged checkout.com, mena, payments, uae
Fuse, founded by TrueLayer veterans, has raised $6.6 million in a funding round led by Northzone. Other investors include Flourish Ventures, Alter Global, and angel investors. Fuse is a payments Fintech targeting the MENA region. The company says it is focusing on the “payments bottlenecks”… Read More
Read more in: Fintech, Asia, Global | Tagged fuse, mena, payments, uae, uk, united kingdom
NymCard, the embedded finance platform operating across 10+ countries in MENA, has secured $33 million in its Series B funding round, led by QED Investors. This marks QED Investors’ most “significant” investment in the region – and the first time leading a deal in the… Read More
Read more in: Asia, Fintech | Tagged funding round, mena, nymcard, qed investors
UAE-based Fintech Flow48 has secured $69 million in a Series A funding round comprising debt and equity, as it seeks to scale its SME financing solutions in the Middle East and North Africa (MENA). The round was led by Breega and included participation from 212,… Read More
Read more in: Fintech, Global | Tagged fintech, Flow48, mena, online lending, sme lending, uae
Yuno, a payment orchestration platform, and the Investment Promotion Agency Qatar (Invest Qatar), announced a partnership that will accelerate Yuno’s expansion into the Middle East, with the establishment of a regional headquarters in Qatar. This move—unveiled at Web Summit Qatar 2025—reportedly aligns with Qatar’s Third… Read More
Read more in: Fintech, Asia | Tagged mena, middle east, payments, qatar, yuno
Myne, a wealth and asset tracking platform, announced that the firm has secured $2 million and has now finalized its pre-seed round. The new investment round was led by Scene Holding, followed by Raz Holding with “participation from Plus VC, the most active VC in… Read More
Read more in: Fintech, Asia | Tagged funding round, mena, myne, wealth management, wealthtech
Tether Operations Limited, which claims to be one of the largest companies in the digital asset industry, has signed a Memorandum of Understanding (MoU) with Reelly Tech, one of the real estate B2B platforms in the UAE. This marks an advancement in the evolution of… Read More
Read more in: Asia, Blockchain & Digital Assets, Real Estate | Tagged mena, middle east, real estate, stablecoins, tether, uae
Tabby, a UAE-based buy now, pay later (BNPL) player, has reportedly hired banks to prepare for an eventual initial public offering (IPO). The company is said to be in talks with HSBC, JPMorgan, and Morgan Stanley for a public offering in Saudi Arabia, potentially in… Read More
Read more in: Asia, Fintech | Tagged bnpl, initial public offering, ipo, mena, tabby, uae
Eastnets, a global firm enabling and supporting compliance, payments, and cloud solutions, has launched a SWIFT Service Bureau in the Kingdom of Saudi Arabia (KSA). Designed to empower institutions with compliant solutions, the Eastnets KSA Service Bureau delivers seamless SWIFT connectivity, cloud-enabled operations, and “adherence… Read More
Read more in: Asia, Fintech | Tagged digitalization, eastnets, mena, saudi arabia, swift
Doha Bank in Qatar has officially introduced Visa Commercial Pay. Doha Bank, which claims to be one of the largest private commercial banks in Qatar is reportedly set to become the first banking platform in the market to launch Visa Commercial Pay (VCP) and the… Read More
Read more in: Fintech, Asia | Tagged doha bank, mena, qatar, visa
The Saudi Central Bank (SAMA) licensed “Majd Saudi Payments” to provide E-wallet solutions. With Majd Saudi Payments, there are now “26 licensed companies offering payment services” in Saudi Arabia. This decision reflects SAMA’s goal to support the payments sector, increase the efficiency of financial transactions,… Read More
Read more in: Asia, Fintech, Politics, Legal & Regulation | Tagged digital wallets, fintech adoption, mena, SAMA, saudi arabia
Zid, Saudi Arabia’s commerce enablement platform, has unveiled ‘Total Commerce’ – which is described as a unified ecosystem redefining digital retail – at Ripple 2024. The development is said to be important for retail innovation in Saudi Arabia and across the region as well. Sultan… Read More
Read more in: Asia, Fintech | Tagged digital commerce, digital financial services, mena, saudi arabia, zid
The Hong Kong Monetary Authority (HKMA) and the Central Bank of the United Arab Emirates (CBUAE) held their second bilateral meeting, reinforcing cooperation and connectivity between the financial services sectors of the two jurisdictions. Building on the initial bilateral meeting held in Abu Dhabi in… Read More
Read more in: Asia, Global | Tagged Central Bank of the United Arab Emirates, hkma, hong kong monetary authority, mena, uae
OurCrowd revealed a new VC investment center in Abu Dhabi to manage deals for its platform while expanding its market back in late 2022. At the same time, the investment platform announced an AI hub named Integrated Data Intelligence Ltd (IDI), which seeks to develop… Read More
Read more in: Artificial Intelligence, Global, Investment Platforms and Marketplaces | Tagged abu dhabi, danna, israel, mena, ourcrowd
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