Tagged: mena

July 7, 2022 @ 6:59 pm By Omar Faridi  |  

YAP, which claims to be the leading Fintech “revolutionizing” the digital banking experience in the MENA region and South Asia, has raised $41 million “to fund its operations and growth.” The latest investment round includes contributions from Saudi Arabia’s Aljazira Capital alongside investments from Abu… Read More

July 7, 2022 @ 12:48 pm By Omar Faridi  |  

QNB, which is one of the largest financial institutions in the MENA region, has introduced  WeChat Pay and AliPay+ to its existing range of payment options that are accepted by its merchant network in Qatar, making it the first banking institution in the country to… Read More

July 6, 2022 @ 12:59 pm By Omar Faridi  |  

As part of Amazon Egypt’s ongoing commitment to improve its shopping experience and offer clients in the country with flexible and affordable payment options, Amazon Egypt (amazon.eg) is offering installment plans via valU, the Buy-Now, Pay-Later (BNPL) lifestyle-enabling Fintech in MENA, a subsidiary of EFG… Read More

July 6, 2022 @ 11:17 am By Omar Faridi  |  

BKN301 – a Fintech creating payment services and Banking-as-a-Service (BaaS) solutions – has acquired €15 million via its Series A round. This, after finalizing the first seed round a few months back. The investment round includes key investors and brings the firm’s valuation to €63… Read More

July 2, 2022 @ 3:18 pm By Omar Faridi  |  

Innoveo, a global tech firm and “pioneer” in no-code platform-as-a-service, announced that Oman Insurance company, one of the largest publicly listed insurers in the United Arab Emirates, has successfully gone live with its ZeroCode ‘KUDOS’ platform “leveraging Innoveo Skye, driving near-immediate efficiencies and enhancing the… Read More

June 27, 2022 @ 9:23 pm By Omar Faridi  |  

Spire, a GCC Open Banking services provider, has announced a partnership with Mastercard (NYSE: MA),  a technology leader in the global payments sector. The collaboration will “help banks revolutionize consumer engagement and enhance user experiences in the region by integrating Spire ‘Ingage’ and Mastercard’s Merchant… Read More

June 21, 2022 @ 8:04 pm By Omar Faridi  |  

Visa (NYSE: V), which claims to be the leader in virtual payments, recently announced the launch of its global She’s Next initiative in the United Arab Emirates in order to economically empower women entrepreneurs. The initiative has been introduced with assistance from First Abu Dhabi… Read More

June 19, 2022 @ 5:29 pm By Omar Faridi  |  

Dina Sam’an, the Founder and Managing Director of CoinMENA, notes that she’s very excited to share that CoinMENA has obtained a provisional license from Dubai’s Virtual Asset Regulatory Authority (VARA). Sam’an adds that regulatory compliance has been a “top priority” for CoinMENA from day one…. Read More

June 13, 2022 @ 10:47 pm By Omar Faridi  |  

ADQ, an Abu Dhabi-based investment and holding company, recently announced the launch of a $100 million technology-focused venture capital fund with the Ministry of Digital Economy and Entrepreneurship (MoDEE) of Jordan, in the presence of His Excellency the Prime Minister of Jordan, Bisher Al Khasawneh…. Read More

June 13, 2022 @ 9:06 pm By Omar Faridi  |  

NymCard, the MENA-based Banking as-a-Service (BaaS) provider and card issuer, has raised $22.5 million in its latest funding round. This will help NymCard “enable MENA-based Fintechs with the infrastructure required from BIN Sponsorship, Card Issuing, Program Management, Compliance, FX, and Treasury, leverage its over 150+… Read More

June 9, 2022 @ 11:27 pm By Omar Faridi  |  

The AXIAN Group recently revealed that it has joined Disruptech Egypt Fund I, which is a venture capital fund focused on supporting technology-enabled firms and Fintech startups in Egypt. Disruptech Egypt Fund I is a VC fund dedicated to further developing Egypt’s financial-technologies sector by… Read More

June 6, 2022 @ 10:10 am By JD Alois  |  

Yoshi Markets Limited says it has started onboarding clients for its trading and custody platform for digital assets. Yoshi is an ADGM regulated  Multilateral Trading Facility (MTF) and custodian. The announcement is described as a significant step towards offering services for customers from around the world…. Read More

June 6, 2022 @ 7:16 am By Omar Faridi  |  

Pursuing its “innovative” path in the UAE asset management sector, FinaMaze recently announced a partnership with investment research firm, Ned Davis Research (NDR). This partnership, the “first of its kind” in the GCC region, will see NDR providing research and high-level intelligence to the ADGM-regulated… Read More

June 5, 2022 @ 10:28 pm By Omar Faridi  |  

Tarabut Gateway, which claims to be the largest Open Banking platform in the MENA region with a market presence in Bahrain, the UAE and KSA, recently announced four new key banking partnerships in KSA. As part of its expansion in Saudi Arabia, and the developments… Read More

June 3, 2022 @ 7:20 am By Omar Faridi  |  

MoneyGram International, Inc. (NASDAQ: MGI), which claims to be an international “leader” in the evolution of digital P2P payments, and Mobily Pay, a “pioneering” mobile wallet powered by Saudi-based telecommunications and digital service provider Mobily, have announced a partnership “to launch MoneyGram’s leading international money… Read More

June 1, 2022 @ 7:33 pm By JD Alois  |  

  HyperPay, a payments provider located in Saudi Arabia but providing services across the MENA region, has raised $40 million (SAR 138M) in a funding round led by Mastercard (NYSE: MA) with the participation of Amwal Capital Partners and AB Ventures. Along with the investment… Read More

May 27, 2022 @ 6:41 pm By Omar Faridi  |  

Mastercard (NYSE: MA), a tech leader in the international payments sector, has announced a strategic partnership Saudi Arabia-based HyperPay, which claims to be the fastest growing e-commerce payments services provider in the MENA region, in order to drive the adoption of digital payment solutions across… Read More

May 21, 2022 @ 7:57 pm By Omar Faridi  |  

YAP, a Fintech streamlining the virtual banking experience in the MENA and South Asia region, has announced that it has been granted an In-Principle Approval (IPA) from the State Bank of Pakistan for an Electronic Money Institute (EMI) License. The approval provides “a tremendous opportunity… Read More

May 12, 2022 @ 7:51 pm By Omar Faridi  |  

There’s no denying that the Middle East is “growing fast” and its restaurant scene is growing “even faster,” according to an update shared with CI. Dining in the UAE means “exploring one of the most diverse, vibrant, and delicious food destinations on the planet.” Restaurants… Read More

April 24, 2022 @ 9:36 pm By Omar Faridi  |  

The UAE Trade Connect (UTC) is pleased to confirm that the Abu Dhabi Commercial Bank (ADCB) has joined its consortium of UAE banks “utilizing its blockchain platform to help de-risk trade finance.” UTC is the Fintech blockchain platform of e& enterprises, from e& (formerly known… Read More