Wamda

U.A.E

UAE’s fintech Mamo lands $3.4 million investment

UAE-based fintech Mamo has raised a $3.4 million funding round, provided by existing investor 4DX Ventures and the Dubai Future District...

Mamo 4DX Ventures Fintech

Egypt

Egypt's Banknbox join forces with CSC Jordan to drive financial inclusion

Egypt-based fintech Banknbox has partnered with CSC Jordan to drive financial inclusion and offer joint advanced services to customers...

Banknbox CSC Jordan Fintech

Egypt

Egypt’s MNT-Halan raises $157.5 million to propel expansion plans

Egypt’s MNT-Halan has raised $157.5 million in funding, featuring contributions of $40 million from the International Finance...

MNT-Halan Fintech

Egypt

Egypt’s Dopay secures $13.5 million Series A extension round

Egypt-headquartered fintech Dopay has closed a $13.5 million Series A extension round, topping up a previous $18 million Series A round...

Dopay Fintech Argentem Creek Partners

U.A.E

Maalexi raises $1 million investment from Stride Ventures

UAE-based Maalexi agriculture-focused fintech Maalexi has raised a $1 million venture debt from Stride Ventures. Founded in 2021...

Maalexi Stride Ventures Fintech

U.A.E

India’s CoinDCX acquires BitOasis in MENA expansion bid

India-based crypto exchange company CoinDCX has acquired the UAE-based virtual assets trading platform BitOasis, for an undisclosed...

BitOasis CoinDCX cryptocurrency

Egypt

Connect Money raises $8 million Seed round

Egypt-based fintech Connect Money has closed its Seed funding round of $8 million led by Disruptech Ventures and Algebra...

Connect Money Fintech Algebra Ventures

U.A.E

Comfi secures $5 million debt facility to expedite BNPL plans

UAE-based fintech Comfi has secured a $5 million debt facility from an undisclosed Abu Dhabi-based private family...

Comfi Fintech

Jordan

ISSF injects $2 million in VentureSouq second fund

Jordan’s Innovative Startups and SMEs Fund (ISSF) has invested $2 million in VentureSouq Fund II, managed by the UAE-based VC fund...

VentureSouq ISSF

Egypt

HSBC to back fintech in Egypt with $31 million fund

HSBC Egypt is planning to launch a fund worth EGP 1.5 billion ($31.5 million) to back the fintech sector in the North African...

HSBC Fintech

U.A.E

UAE’s Now Money closes $4 million equity round

UAE-based fintech NOW Money has closed a $4 million equity round. The investment completes the second round of funding for the Company...

now money Fintech

Egypt

Egypt’s Sahl closes dual rounds at $6 million

The Cairo-based fintech Sahl has raised $6 million in Series A and seed funding rounds, led by Ayady for Investment and Development,...

Sahl Fintech

U.A.E

Elevate to increase MENA presence after securing $5 million pre-Series A

Elevate, a London and Dubai-based fintech, has raised $5 million in a pre-series A investment round, according to the company's...

Elevate Fintech

Saudi Arabia

Tumodo joins forces with Tabby to facilitate travel management practices

UAE-based traveltech Tumodo has joined forces with Saudi Arabia’s fintech Tabby to stimulate growth in the UAE travel...

Tumodo Tabby

Saudi Arabia

SiFi closes $10 million Seed led by Sanabil Investments, RAED Ventures

Saudi Arabia-based fintech Simplified Financial Solutions Company (SiFi) has closed a $10 million Seed round. The round was led by...

SiFi Simplified Financial Solutions Company Raed Ventures

Egypt

Thndr expands into the UAE Market after ADGM approval

Egypt-based fintech Thndr has expanded its services to the UAE after acquiring a Category 3A license with retail endorsement from the...

Thndr ADGM

Jordan

Numa partners with Mamun to give freelancers access to finance

Oman-based fintech Mamun has partnered with Jordanian fintech “Numa" with the aim of providing freelancers and creators...

NUMA Mamun

Egypt

Egypt’s e-finance acquires minority stakes in Al Ahly Momken, EasyCash

Egypt-based fintech e-finance for Digital and Financial Investments (e-finance) has acquired a 25% stake in Al Ahly Momken and a 13%...

e-Finance Al Ahly Momken EasyCash

Jordan

Jordan’s liwwa secures $5 million loan from DFC

Jordan-based fintech liwwa has secured a $5 million loan from the United States International Development Finance Corporation...

liwwa DFC

Egypt

Egypt's EFG Hermes acquires minority stake in Danish fintech Kenzi Wealth

Egypt’s investment bank, EFG Hermes, a subsidiary of EFG Holding, has acquired a minority stake in the Danish digital wealth...

Kenzi Wealth EFG Hermes

Saudi Arabia

Riyad Capital launches 1957 Ventures fund to drive Saudi fintech innovation

Riyad Capital, backed by Riyad Bank, has launched the “1957 Ventures" investment fund to drive transformative growth in Saudi...

Riyad Capital 1957 Ventures

Regional

B2B SaaS shapes the future of fintech in MENA

An article by Ghady Rayess, the co-founder and managing director of FOO. Across the Middle East, digital transformation is...

SAAS b2b Fintech

Egypt

Egypt’s MNZL raises $3.5 million Seed led by P1 Ventures

Egypt-based fintech MNZL has raised $3.5 million in a Seed funding round, led by P1 Ventures, Localglobe, and Ingressive Capital....

MNZL P1 Ventures

Egypt

MoneyHash, Visa team up to enhance digital payment experience

US-based Egyptian fintech MoneyHash has partnered with Visa to deliver secure and enhanced digital payment experiences. The new...

MoneyHash Visa

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