Wamda

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

Global

How fintech solutions can bridge the trade financing gap

Ankit Goel is the Middle East and North Africa head of MODIFI, a a global fintech company that helps small and medium-sized...

Fintech

Saudi Arabia

How can Saudi Arabia unleash national success in fintech?

Abdullah Al Othman is the founder and chairman of Geidea, a Saudi Arabia-based fintech specialised in payments. It works with over 150,000...

Fintech

U.A.E

UAE fintech zenda raises $9.4 million Seed to accelerate India expansion plans

UAE-based fintech zenda, has raised $9.4 million in a Seed round from STV, COTU, Global Founders Capital, and...

Fintech zenda

U.A.E

Careem expands its focus to financial services

Careem is shifting its focus from ride-hailing to financial services, in a move that will position the super app as a key fintech...

careem Fintech Careem Pay

U.A.E

DIFC launches venture studio platform to develop fintech in Dubai

Dubai International Financial Centre (DIFC) has announced the launch of a venture studio platform “Studio Launchpad” ...

DIFC Studio Launchpad

Global

Blockchain and financial markets: will computers push out brokers?

By Gary Silverman and Philip Stafford in Boca Raton in Florida Sam Bankman-Fried cut an unlikely figure as he took the stage on the...

Blockchain crypto

Egypt

Egypt’s Khazna raises $38 million Series A round

Egypt-based fintech Khazna, has raised a Series A round of $38 million in equity and debt, with the equity investment led by Quona...

Khazna Quona Capital Khawarizmi

Egypt

Egyptian fintech PayMint raises Seed round

Egypt-based fintech PayMint has raised a seven-figure Seed investment from AUR Fintech. Launched in 2019 by Mohamed Yahya and Mohamed...

PayMint Fintech

Saudi Arabia

Saudi Lendo obtains SAMAs's crowdfunding licence

Saudi Arabia-based fintech Lendo, has obtained Saudi Central Bank’s (SAMA) licence to operate as a Shari'ah-compliant debt...

Lendo Crowdfunding

Egypt

Egypt launches digital payments system InstaPay

The Central Bank of Egypt (CBE) has applied an open banking system by launching the InstaPay application, a national system for instant...

InstaPay Open banking

Saudi Arabia

The digital payment opportunity in Saudi Arabia

When Muhannad Ebwini launched payment gateway HyperPay in Jordan back in 2014, e-commerce accounted for just 1.5 per cent of total retail...

hyperpay

Saudi Arabia

Saudi fintech Arib raises $2.3 million Seed

Saudi Arabia-based fintech Arib, has raised $2.3 million in a Seed round, led by Merak Capital, with participation from angel...

Saudi Arabia fin-tech

Egypt

IFC invests $5 million in Egypt’s Disruptech fund

The International Finance Corporation (IFC), a member of the World Bank Group, has pledged a $5 million investment in Disruptech...

ifc Disruptech Fintech

Regional

This is the year cryptocurrency will come of age in the Middle East

Areije Al Shakar is the senior vice president at Bahrain Development Bank & director at Al Waha Venture Capital Fund of Funds Banks...

crypto cryptocurrency Al Waha Fund of Funds

Saudi Arabia

Malaa Technologies raises $1.7 million Seed round

Saudi Arabia-based fintech Malaa Technologies, has raised $1.7 million in its Seed round with participation from Impact46, Khawarizmi...

Malaa Impact46 Khawarizmi

U.A.E

QFIL Solutions raises $1 million in pre-Seed investment

UAE-based fintech QFIL Solutions has raised $1 million in pre-Seed investment, through an unidentified fintech investment...

QFIL Fintech

Egypt

Egypt’s Nexta secures $2.2 million pre-Seed round

Egypt-based fintech Nexta has raised a $2.2 million pre-Seed funding round, led by Disruptech with participation from some international...

Nexta Fintech Disruptech

U.A.E

tabby raises $54 million from Sequoia Capital India and STV

UAE-based buy now pay later (BNPL) tabby, has raised $54 million led by Sequoia Capital India and STV, with additional participation...

Tabby BNPL Fintech

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