Tagged: uae

November 22, 2021 @ 1:00 am By JD Alois  |  

Online investment platform OurCrowd has become the first venture capital firm to be approved by Abu Dhabi Global Market (ADGM) to operate as a find manager in the United Arab Emirates (UAE). OurCrowd said in a statement that it hs incorporated a wholly-owned subsidiary, OurCrowd… Read More

November 21, 2021 @ 3:27 pm By Omar Faridi  |  

UK-headquartered Nomod, a payments Fintech with a sharp focus on the MENA region, confirmed earlier this week that it has secured $3.4 million via a seed round. Nomod’s latest investment round takes the Fintech firm’s valuation to $50 million. The company has received investments from… Read More

November 15, 2021 @ 10:32 pm By Omar Faridi  |  

The Central Bank of the UAE (CBUAE) and Bank Indonesia (the Central Bank of the Republic of Indonesia) have reportedly entered a Memorandum of Understanding (MoU) in order to expand mutual co-operation. The bilateral MoU will be including three key areas, focusing on digital innovation… Read More

November 15, 2021 @ 10:27 pm By Omar Faridi  |  

Sarwa has confirmed the launch of Sarwa Trade, which is a zero-commission, zero-transfer-fee trading platform. Sarwa customers are able to trade stocks and exchange-traded-funds (ETFs) via an intuitive mobile app — with no commissions, no international transfer fees “from local AED accounts, and no minimum… Read More

November 8, 2021 @ 7:52 pm By Omar Faridi  |  

India-headquartered software-as-a-service (SaaS) Fintech ClearTax has acquired $75 million in funding via a Series C round. ClearTax’s investment round has been finalized in order to support the firm’s business expansion into the MENA region. The company said it would also enable ClearTax to further diversify… Read More

November 8, 2021 @ 1:04 pm By Omar Faridi  |  

Dubai-based Open Banking firm Tarabut Gateway recently secured $12 million in capital via a pre-Series A round. Tarabut Gateway’s investment round has reportedly been led by Tiger Global. Other investors made contributions as well, including new backers Dubai International Fintech Fund, which is an investment… Read More

October 25, 2021 @ 9:46 pm By Omar Faridi  |  

Fintech Galaxy, the UAE-headquartered open innovation platform, has acquired $2 million in seed funding in order to further enhance the development and rollout of its Open Finance platform, as it looks to further expand its reach and support financial inclusion across the MENA region. Fintech… Read More

October 21, 2021 @ 10:36 pm By Omar Faridi  |  

The team at Fintech firm Ripple is pleased to confirm that UAE-headquartered foreign exchange and worldwide money transfer firm, Al Ansari Exchange has joined RippleNet. Via RippleNet Cloud, which is Ripple’s international Cloud-powered financial network tech, Al Ansari Exchange will be connecting with major money… Read More

October 18, 2021 @ 10:07 pm By Omar Faridi  |  

The Central Bank of the UAE (CBUAE) signed an agreement with Dubai International Financial Centre (DIFC), the international financial center in the MEASA region, in order to collaborate on the development and growth of the UAE’s Fintech sector “through joint initiatives and activities.” The agreement… Read More

October 6, 2021 @ 4:15 pm By Tony Zerucha  |  

Blockchain venture capitalist CV VC has started its Dubai operations in partnership with DMCC Crypto Centre. CV VC has currently successfully invested in 32 early-stage blockchain startups from around the world, 22 of which came via its CV Labs incubation program. Selected start-ups from the… Read More

October 1, 2021 @ 10:33 am By Omar Faridi  |  

Global Processing Services (GPS), the Paytech Pioneer behind major Fintech challengers, reveals that it has established its MENA region office and hired payments professional, Arnav Rath, as Head of Region. Based in Dubai, the team will focus on leveraging its international reach and payments expertise… Read More

September 12, 2021 @ 10:22 pm By Omar Faridi  |  

UAE-headquartered healthcare financing platform Klaim has acquired $1.6 million via a pre-Series A round. Klaim’s investment round has been led by Mad’a Investments, a private equity company based in Saudi Arabia. Other investors also made contributions to the round, including Arzan Venture Capital and Wealth… Read More

September 8, 2021 @ 6:06 am By Omar Faridi  |  

JCB International Co., Ltd., the global operations subsidiary of JCB Co., Ltd., and Checkout.com, the international payments processing platform, revealed that they’ve extended their partnership with the introduction of J/Secure 2.0 which is “compliant with EMV 3-D Secure (EMV 3DS) to Checkout.com’s merchants in the… Read More

September 4, 2021 @ 6:30 pm By Omar Faridi  |  

Abu Dhabi Islamic Bank (ADIB), an Islamic financial institution, reveals that it has introduced “Amwali,” which is an Islamic digital proposition meant for youth between the ages of 8 to 18. Amwali is described as a unique proposition that aims to bring together a suite… Read More

September 2, 2021 @ 9:40 pm By Omar Faridi  |  

The Abu Dhabi Securities Exchange (ADX) reveals that it has taken an important step towards establishing a derivatives market in 2021 by entering an agreement with Nasdaq (Nasdaq: NDAQ) in order to provide marketplace tech services, such as matching, real-time clearing and settlement technology. Abu… Read More

August 30, 2021 @ 10:01 am By Omar Faridi  |  

We recently connected with James Wo, the Founder and CEO at Digital Financial Group, an investment company empowering Web 3.0 applications and blockchain or DLT -enabled platforms. Wo discussed the different products and services that his company supports. He also discussed the long-term impact that… Read More

August 22, 2021 @ 9:28 pm By Omar Faridi  |  

The Abu Dhabi Global Market (ADGM) has introduced the 5th edition of its flagship project,  Fintech Abu Dhabi Innovation Challenge. The challenge is reportedly a part of the upcoming Fintech Abu Dhabi festival – which is scheduled to take place in November 2021. The ADGM… Read More

August 19, 2021 @ 8:37 am By Omar Faridi  |  

Ajar, a MENA region rental collection platform, reveals that it has expanded its business operations to the Kingdom of Bahrain. With an established presence in Kuwait and the United Arab Emirates (UAE), the firm will be providing its property management and rent collection services in… Read More

August 11, 2021 @ 9:08 pm By Omar Faridi  |  

In what appears to be a first for the Central and Eastern European as well as the MENA region, Visa (NYSE: V) and Mashreq, a card acceptance service provider in the UAE, have teamed up to offer a “Rapid Seller Onboarding” program in the Middle… Read More

August 9, 2021 @ 9:31 pm By Omar Faridi  |  

Dubai-headquartered personal finance and investment platform Sarwa has acquired $15 million in capital through a Series B round. Abu Dhabi’s sovereign investment company Mubadala Investment Company has led Sarwa’s latest investment round. Other investors that made contributions include 500 Startups, KIPCO, Shorooq Partners, MEVP, DIFC,… Read More