Wamda

Global

African growth promise tempts investors

By Joseph Cotterill A list of Africa’s fastest-growing companies that is topped by Kenyan tech disrupters, South African...

africa

U.A.E

Digital banking YAP raises $41 million in funding

UAE-based fintech YAP, has raised $41 million in funding from Saudi Arabia's Aljazira Capital, Abu Dawood Group, Astra Group and...

YAP digital bank

Global

Fintechs face reckoning as easy money dries up

By Imani Moise, Siddharth Venkataramakrishnan and Joshua Oliver As a wave of fintechs rode successive funding rounds to ever-higher...

Fintech

Egypt

MNT-Halan acquires Talabeyah for undisclosed amount

Egypt-based fintech MNT-Halan has acquired B2B e-commerce platform Talabeyah for an undisclosed amount. Founded in 2017 by Mounir...

MNT-Halan Talabeyah FMCG

Egypt

valU sells minority stake to Alhokair family

Egypt-based fintech valU has sold a minority stake of 4.99 per cent to members of Saudi Arabia’s Alhokair family for $12.4...

valu Alhokair EFG Hermes

Qatar

Qatari fintech CWallet raises $875,000 pre-Series A round

Qatar-based fintech CWallet has raised $875,000 in a pre-Series A round led by MBK Holding with participation from Angels.qa, and other...

cwallet MBK Holding W.L.L

Egypt

The Cairo Angels invests in Nigerian fintech CredPal

Egypt-based VC fund The Cairo Angels Syndicate Fund (CASF) has invested an unknown amount in the Nigerian fintech CredPal, which is...

CredPal Cairo Angles CASF

Regional

How to create a fintech startup that will thrive

Kartik Taneja is the executive vice president, head of payments at Mashreq Bank Fintech startups are becoming increasingly...

Mashreq Fintech

U.A.E

UAE fintech NymCard raises $22.5 million

UAE-based Banking as-a-Service (BaaS) provider NymCard, has raised $22.5 million in a venture round, led by DisruptAD, Reciprocal...

NymCard DisruptAD Baas

Egypt

valU expands to Saudi market through partnership with Alhokair

Egypt-based fintech valU, has extended its services to Saudi Arabia through a partnership with FAS Labs, owned by Fawaz Abdulaziz...

valu BNPL Alhokair

Global

Can buy now, pay later survive the cost of living crisis?

By Siddharth Venkataramakrishnan When Julie first turned to buy now, pay later schemes in January, it seemed an obvious choice to...

Buy now pay later BNPL Klarna

Saudi Arabia

Hyperpay raises $36.7 million led by Mastercard

KSA-based fintech HyperPay has raised $36.7 million in a funding round led by Mastercard, with participation from Amwal Capital Partners...

hyperpay MasterCard

Global

What is a DAO, and why does it matter for 2022?

Hannes Graah is the former VP of growth at Revolut, and founder of stablecoin yielding protocol, Gro. He also spent eight years at...

DAO crypto Blockchain

Saudi Arabia

Tarabut Gateway partners with four Saudi banks as open banking nears

Bahrain founded and UAE-based open banking platform Tarabut Gateway has partnered with four banks in Saudi Arabia, including Riyad Bank,...

Tarabut Gateway Open banking

Egypt

Egypt’s CASF invests in South Africa’s Finclusion Group

Egypt-based micro VC fund The Cairo Angels Syndicate Fund (CASF) has invested an undisclosed amount in the South Africa-based fintech...

CASF Cairo Angels Syndicate Fund Fincusion Group

Kuwait

Kuwait’s Enabill raises $1.2 million Seed round

Kuwait-based fintech Enabill, has raised $1.2 million in a Seed funding round with participation from The Taken Seat venture builder and...

Enabill The Taken Seat

U.A.E

Pemo raises $12 million Seed round

UAE-based fintech Pemo has raised a $12 million Seed round, co-led by Cherry Ventures and Shorooq Partners, with participation from...

Pemo Fintech MENAP

Egypt

CASF invests in Kenya fintech FlexPay

Egypt's The Cairo Angels Syndicate Fund (CASF) has invested an undisclosed amount in a Kenya-based fintech FlexPay, marking the...

CASF FlexPay Cairo Angels Syndicate Fund

Egypt

Amazon acquires 4 per cent of valU for $10 million

Amazon has agreed to acquire $10 million in EFG Hermes GDRs, with the option to replace it with future investment in valU. This...

Amazon valu EFG Hermes

Global

The week that shook crypto

Scott Chipolina and Katie Martin In January, Mike Novogratz — hedge fund rock star turned crypto heavy hitter —...

cryptocurrency Bitcoin

U.A.E

Spades launches in UAE after raising $2.5 million

UAE-based fintech Spades, has raised $2.5 million in investment from European angel investors, including Thibaud Elzière, Eduardo...

Spades Dine-in Payment

U.A.E

BNPL Cashew raises $10 million investment from Mashreq

UAE-based fintech Cashew has received a $10 million investment from UAE’s Mashreq, the Dubai bank controlled by the Al Ghurair...

Cashew Mashreq

Egypt

Paymob raises $50 million Series B round

Egypt-based fintech Paymob has raised $50 million in Series B funding, led by Kora Capital, PayPal Ventures, and Clay...

Paymob Fintech Kora Capital

Egypt

Lucky: the startup digitising the cashback space

The devaluation of the Egyptian pound back in 2016 was intended to preserve its foreign currency reserves, attract foreign direct...

Lucky app

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