Tagged: uae

Dublin / Dubai-Based Photography Marketplace Coinaphoto Now Seeking £500,000 Through Crowdcube

Coinaphoto, a Dublin /Dubai-based photography marketplace, has launched an equity crowdfunding campaign on Crowdcube, seeking £500,000 in funding for growth and expansion of its platform. Founded in 2015, Coinaphoto explained it has built a global community of over 200,000 contributors and features 55 million images. The rewards-based… Read More

Al Hilal Bank Forms Partnership with Abu Dhabi Global Market to Promote Islamic Finance

Al Hilal Bank announced on Tuesday it has formed a new partnership with the Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, aimed at promoting Islamic Finance in Abu Dhabi and across the UAE. According to Al Hilal Bank, the Memorandum of… Read More

FINTECH Circle Partners With Abu Dhabi Global Market to Launch Fintech Education Courses For the UAE

FINTECH Circle, a global community of fintech entrepreneurs, angel and VC investors, financial services professionals and fintech thought-leaders, announced on Thursday it has teamed up with Abu Dhabi Global Market (ADGM) to launch a range of FINTECH Education Courses for the United Arab Emirates (UAE)…. Read More

Dubai Financial Services Authority & Hong Kong Monetary Authority Sign Fintech Cooperation Agreement

The Hong Kong Monetary Authority (HKMA) and the Dubai Financial Services Authority (DFSA) have signed a Fintech Co-operation Agreement today to boost collaboration between the two regulatory authorities, with a view to facilitating financial innovation in the two jurisdictions. The Co-operation Agreement was signed by… 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

FundedByMe Expansion: Launches Operations in Dubai & UAE

On Thursday, FundedByMe announced it has launched operations in both Dubai and the UAE. This news comes less than two months after FundedByMe launched its operations in Mexico FundedByMe stated it has the ambition to be a true global player in the equity crowdfunding scene. The… 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

ADGM Signs MoU with Abu Dhabi Islamic Bank, Promotes UAE Fintech Initiatives

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, partnered with Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE with more than AED 122 billion in assets, to seek opportunities to collaborate and consult on initiatives to promote… Read More

FSA Japan & FSRA of ADGM Join Forces to Promote Fintech Innovation

The Financial Services Agency of Japan (FSA) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) announced the completion of a framework for cooperation to promote innovation in financial services in Japan and ADGM. This Cooperation Framework recognizes the global nature of… Read More

UAE Fintech NOW Money Receives $700,000 Investment From Accion Venture Lab & Newid Capital

UAE-based fintech startup NOW Money announced on Tuesday it secured an investment of $700,000 from venture capital investors Accion Venture Lab and Newid Capital. NOW Money claims to be the first fintech in the Gulf region to use mobile banking technology to provide accounts, financial inclusion and a range of… Read More

ADGM Aligns with KPMG, Swiss Finance + Technology Association and Responsible Finance & Investment Foundation

  It’s been quiet an exciting week for Abu Dhabi Global Market: global Fintech challenges, new alliances and partnerships. ADGM and KPMG have synced to launch the first ever FinTech Abu Dhabi Innovation Challenge on 22 October 2017 in Abu Dhabi to enable startups to… Read More

Dubai Regulations for Crowdfunding: Issuers May Raise Up To $5 Million

The Dubai Financial Services Authority (DFSA) announced the enactment of a regulatory regime designed to engender a robust crowdfunding ecosystem for the country. The new regulations are part of a strategy to foster an innovation driven economy. Empowering entrepreneurs and startups by providing the access… Read More

Dubai Announces Regulatory Framework for Crowdfunding

The Dubai Financial Services Authority (DFSA) has today launched a regulatory framework for loan and investment-based crowdfunding platforms. The DFSA noted this is the first such framework in the  Gulf Cooperation Council (GCC) member countries. The new crowdfunding regulatory approach is part of the DFSA’s… 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

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

Abu Dhabi Global Market Announces Fintech RegLab Winners, Welcomes Next Round of Applicants

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has announced its first batch of Fintech Regulatory Laboratory (Reglab) participants comprising five local and international Fintech startups with various innovation offerings.The ADGM Reglab is reportedly the first Fintech regulatory sandbox and framework in the… 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

NYUAD & UAE Exchange Enter Partnership

New York University Abu Dhabi and the United Arab Emirates Exchange signed a Memorandum of Understanding in the attempt to promote both the advancement of innovation of financial technologies. The two have agreed to accomplish this through the innovation and entrepreneurship platform, startAD. startAD is based… 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