Wamda

Egypt

Egypt’s NowPay enters Saudi market with $20 million-backed Tas’heel partnership

Egypt-based fintech NowPay is launching in Saudi Arabia through NowAccess, a joint venture with United International...

NowPay Fintech

U.A.E

Ziina becomes first in the UAE to execute live Open Finance payments with Lean

Press release: Lean Technologies, the MENA region’s leading financial infrastructure provider, and Ziina, the UAE’s...

Lean Technologies Ziina open finance

U.A.E

UAE's Islamic digital bank Mal raises $230 million

UAE-based fintech Mal has raised $230 million in a strategic investment round led by BlueFive Capital, with participation from...

BlueFive Capital Mal Fintech

Bahrain

Flooss secures $22 million Shorooq-backed credit facility

Flooss, a Bahrain-based Sharia-compliant fintech, has secured a $22 million credit facility structured by Shorooq, marking...

Flooss

Regional

Inside CoinMENA’s exit: The $240m deal that redefined MENA crypto’s growth model

CoinMENA’s sale to Paribu crystallises a quiet shift in how value is being priced in MENA’s digital asset market. The Bahrain-...

CoinMena

U.A.E

Lucid Capital closes $2.5 million Seed round, led by Tharawat Holding

UAE-based fintech Lucid Capital has closed a $2.5 million seed funding round, led by Tharawat Holding, with participation...

Lucid Capital Tharawat Holding

U.A.E

UAE-headquartered Premialab raises $220 million led by KKR

UAE-headquartered Premialab, a global provider of data, analytics, and risk management solutions for quantitative investing, has raised...

KKR Premialab

Egypt

Paymob–RTG strike regional partnership to merge payments, AI development

Egypt-based fintech Paymob and Robusta Technology Group (RTG) have signed a strategic partnership to build an integrated digital...

Paymob Fintech Robusta Technology Group

Saudi Arabia

erad secures $125 million facility from Jefferies

Saudi Arabia–based embedded-finance platform erad has secured a $125 million scalable facility led by Jefferies, with...

erad Jefferies Channel Capital

Saudi Arabia

SahmAlgo raises $1 million to advance financial intelligence in Saudi Arabia

Saudi Arabia-based fintech SahmAlgo has raised $1 million in a seed funding round, led by Gharesah Investment. Founded in 2022 by...

SahmAlgo Gharesah Investment

Saudi Arabia

Takadao secures $1.5 million seed, total funding hits $3.1 million

Saudi Arabia-based fintech Takadao has raised $1.5 million in a seed round led by Hasan VC, Syla Invest, Wahed Ventures, Ice Blue...

Takadao Fintech Hasan VC

Saudi Arabia

TAM Capital leads $11 million round in Saudi construction fintech Builtop

Builtop, a Saudi digital procurement startup for the construction and real estate sectors, has raised $11 million in a round led by TAM...

Builtop contech Fintech

Morocco

DisrupTech Ventures invests in Morocco’s Chari to expand fintech inclusion across Africa

Egypt-based VC firm DisrupTech Ventures has invested in Chari, a Y Combinator–backed Moroccan fintech startup, marking its first...

Disruptech Ventures Chari

Saudi Arabia

Stream secures $4 million seed funding to transform B2B payments in MENA

Saudi Arabia-based fintech Stream has raised $4 million in seed funding led by Outliers VC, with participation from BYLD Ventures and...

Stream Outliers VC BYLD Ventures

Morocco

ORA acquires Cathedis in Morocco’s first locally funded startup merger

Moroccan superapp ORA Technologies and Azur Innovation Fund have acquired Cathedis, marking the first-ever consolidation between...

Ora Technologies Azur Innovation Fund Cathedis

United States

MidLyr closes $2.5 million pre-seed to advance MENA expansion plans

US-based fintech MidLyr has raised $2.5 million in pre-seed funding led by Silicon Badia, with participation from Wedbush Ventures,...

MidLyr silicon badia Fintech

U.A.E

Is the UAE building the region's first true open finance economy?

An article by Tewfik Cassis, chief product & technology officer ay Lean Technologies The UAE’s bold move Financial...

oped Fintech Open banking

Saudi Arabia

Tamara obtains Central Bank of the UAE approval

Press release: Tamara has officially received a restricted finance licence from the Central Bank of the UAE (CBUAE). As a leading...

Tamara BNPL Fintech

Tunisia

PAYDAY raises pre-seed funding, valued at $3 million

PAYDAY, a Tunisian fintech and insurtech startup, has closed its first pre-seed financing round, led by UGFS North Africa,...

PAYDAY Fintech

Morocco

Chari secures $12 million Series A and payment licence from Bank Al-Maghrib

Morocco-based Chari, a YC-backed fintech and e-commerce startup, has raised $12 million in a Series A round, led by SPE Capital and...

Chari

U.A.E

UPFRONT secures $10 million pre-seed in debt-equity mix

UAE-based fintech UPFRONT has raised $10 million in pre-seed funding, a mix of equity and debt, to address cash flow inefficiencies...

UPFRONT Palm Ventures Fintech

Saudi Arabia

Saudi fintech erad raises $33 million debt round led by Stride Ventures

Saudi Arabia-based fintech erad has secured $33 million in debt financing, led by India’s Stride Ventures, marking its first major...

erad Stride Ventures

Egypt

Valu offers Egypt first P2P BNPL solution with MobileMasr

Press release: Valu, MENA’s leading universal financial technology powerhouse, announced today its partnership with MobileMasr,...

valu p2p BNPL

Saudi Arabia

Merak Capital invests $1.2 million in Saudi fintech Bynow

Bynow, a Saudi B2B fintech startup, has raised $1.2 million from Merak Capital to accelerate product development and expand...

Merak Capital Bynow BNPL

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