Tagged: mena

One-Third of Fintech Firms in the Middle East and North Africa (MENA) Are Based in the UAE

The United Arab Emirates’ (UAE) Fintech industry is set to enter 2020 with promising deals as more investors and companies explore potential investment opportunities. One-third of Fintech firms in the Middle East and North Africa (MENA) are based in the UAE. The number of Fintech… Read More

Fintech Abu Dhabi Gains Participation of Eight Fintech Unicorns

Fintech Abu Dhabi, an annual gathering organized by Abu Dhabi Global Market (ADGM) – the international Financial Centre in Abu Dhabi, has announced the participation of eight separate Fintech unicorns for their upcoming event later this month. Fintech Abu Dhabi has announced that; Kraken, Airwallex,… Read More

75% of Customers in the UAE Prefer Online Banking Over Visiting Physical Bank Locations

Three out of four, or 75%, bank customers in the United Arab Emirates (UAE) prefer managing their finances online, instead of visiting a physical bank location. A majority of bank customers’ visits to physical locations has decreased to 0-2 times per year, according to a… Read More

MENA Fintech Festival Abu Dhabi Announces New Tour Dates to Search For Global Fintech Talent

FinTech Abu Dhabi, MENA’s FinTech festival that is hosted by Abu Dhabi Global Market (ADGM) announced last week its global fintech tour will be reaching even more cities ahead of the main event in Abu Dhabi this upcoming October. Abu Dhabi reported that the FinTechAD… Read More

Peer to Peer Lending Platform Beehive Raises $4 Million

Beehive, a peer to peer lending platform servicing SMEs in the MENA region, has closed on $4 million Series B funding round, according to a release from the platform. This most recent funding brings the Fintech’s total raised to $15.5 million since platform launch. The… Read More

FundedByMe Receives Regulatory Approval to Offer Investment Crowdfunding in Dubai

FundedByMe has been granted regulatory approval from the Dubai Financial Services Authority (DFSA) to offer investment crowdfunding in Dubai. An in-principle license has been granted conditional to completing the setup of the local entity. Operations will commence early in 2019. FundedByMe states that it will become… Read More

Brief: Catching up with Billion Dollar Fund Co-Founder Sarah Chen & MENA Update

The Billion Dollar Fund for Women (TBDF), founded by Shelly Porges, Sarah Chen, Anousheh Ansari, Nadereh Chamlou and Anu Jain, aims to mobilize and connect venture funds with institutional and other investors to create larger pools of capital for investments into women-founded companies. The global venture consortium’s funds… Read More

Temenos Looks to Boost Fintech in Egypt with AUC Venture Lab Fintech Accelerator Partnership

Fintech software provider Temenos (SIX: TEMN) has partnered with The Venture lab at The American University in Cairo (AUC Venture Lab) a prominent startup accelerator in Africa and the MENA region. Temenos will support Fintech innovation in Egypt by providing startups with access to their core… Read More

ADGM Enters MOU with Shanghai Stock Exchange: Co-Operating on “Belt and Road” Exchange

Abu Dhabi Global Market, the international financial centre of Abu Dhabi, UAE (ADGM) and Shanghai Stock Exchange (SSE), China’s largest securities exchange, have today entered into a Memorandum of Understanding (MOU) to co-operate on the establishment of a “Belt and Road” Exchange in ADGM.  This… Read More

ADGM Named “The Financial Centre of the Year (MENA)”… Again: A Recap of the Centre’s Numerous 2017 Fintech Contributions

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is awarded “The Financial Centre of the Year (MENA)” for 2nd consecutive year by the Global Investor/ISF publication at the annual MENA Capital Markets Summit & Awards in Dubai. This accolade, presided by… 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

FinTech Abu Dhabi Includes Major Announcements Designed to Shape Regional Fintech Development

The inaugural FinTech Abu Dhabi conference ended with several key initiatives designed to boost the Fintech sector in the region. The two-day event, which was held under the patronage of His Highness Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of the Abu Dhabi Executive… Read More

Abu Dhabi Global Market Announces launch of the ADGM FinTech Innovation Centre & Partnership with Startup Accelerator

Abu Dhabi Global Market (ADGM) has announced two major initiatives: the launch of the ADGM FinTech Innovation Centre and a global partnership with world’s largest startup accelerator Plug and Play. These announcements were revealed at the inaugural FinTech Abu Dhabi Summit. These two Fintech projects… Read More

Abu Dhabi Global Market Approves Second Batch of Fintech Startups for Reglab

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has announced its second batch of Regulatory Laboratory or “Reglab” participants including 11 local and international Fintech startups. ADGM says the participants were selected from a pool of 22 applications for their Sandbox… Read More

ADGM, IFC & Al Ansari Exchange Sign MoU to Promote MENA Fintech

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and Al Ansari Exchange, a leading foreign exchange and worldwide money transfer company in the UAE, have established a new partnership to promote and support the growth of FinTech industry in Abu Dhabi… 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

FinTech Abu Dhabi Scheduled for October

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has scheduled a Fintech conference to engage Fintech thought leaders, financial regulators and platforms at the upcoming FinTech Abu Dhabi in October 2017.  The event highlights the growing interest in the potential for… Read More

Abu Dhabi Global Market Receives 166 Applications from 39 Different Countries for FinTech Abu Dhabi Innovation Challenge

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has announced that it has received 166 applications from over 39 countries for its inaugural FinTech Abu Dhabi Innovation Challenge. The global participation was accomplished in less than two weeks with outreach coordinated by ADGM AND KPMG. Each applicant has… Read More

ADGM, IFC and CMA Kenya Pen Fintech Cooperation Agreement

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi and the Capital Markets Authority (CMA) Kenya signed a Cooperation Agreement which provides a framework for cooperation to support financial innovation in each jurisdiction. The Agreement was signed by Paul Muthaura, Chief Executive,… Read More

The University of Cambridge Launches the 2016-17 European and Africa & Middle East Alternative Finance Industry Surveys

The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School has launched its third European benchmarking survey and the second survey for Africa and the Middle East. The two separate research initiatives will review the emerging alternative finance markets in each… Read More

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