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14 Financial Institutions Confirm Setup in Abu Dhabi in One Week Including JP Morgan
Abu Dhabi Global Market (ADGM) announced during this week’s Abu Dhabi Finance Week not less then 14 major financial institutions representing a total AUM of USD 452bn have committed to establishing new operations in ADGM. A year into Abu Dhabi’s
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Fintech Abu Dhabi Conference 2023: A Summary of the Key Highlights
Building upon the successes of MENA’s biggest Fintech Festival presented by Abu Dhabi Global Market (ADGM), the 7th edition of Fintech Abu Dhabi welcomed an impressive turnout of financial tech leaders and visionaries converging from across the globe . This
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ADGM Launches Digital SME Financing Platform Numou
Abu Dhabi Global Market introduces Numou, a digital platform tailored to bridge the funding gap faced by SMEs. This digital platform marks a pivotal step in empowering small and medium-sized businesses in the UAE. Numou aims to connect SMEs and
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Flow48 Secures $25 Million Pre-series A Funding
Flow48, a Dubai-based SME lending startup, announces $25 million in pre-Series A funding. The round, comprising a mix of equity and debt, includes notable investors such as Speedinvest, Daphni, 212, Blockchain Founders Fund, Unpopular Ventures, Endeavor Catalyst, and TLG, as
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Lending Platform CredibleX Granted Abu Dhabi License
CredibleX, an embedded finance platform in the middle east, has announced its launch after being granted regulatory licences in Abu Dhabi Global Market (ADGM) from the Financial Services Regulatory Authority (FSRA). These licences provide a robust regulatory framework to its
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Saudi Personal Finance Platform Yabi Grabs USD 8M Seed Funding
Yabi by Souqalmal was launched in Saudi Arabia this November, boasting a localised personal finance wellbeing platform. Driven by its firm belief in localisation for true value creation when it comes to personal finance, Yabi launched in both English and
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eToro Gets Abu Dhabi Regulator Approval
eToro has received approval for a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to operate as a broker for securities, derivatives, and cryptoassets in the United Arab Emirates. Yoni Assia,
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MENA’s Banking Sector Driven by AI and Digital Transformation
The banking sector in the Middle East and North Africa (MENA) is anticipated to experience significant growth, a development which will be driven by rising demand for banking services, ongoing progress of digital transformation, and the expansion of digital banking,
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Ajman Bank and Mastercard Launch Real Time Remittance Service in UAE
Dubai’s Ajman Bank has initiated a strategic partnership with Mastercard to launch cross-border payment services for person-to-person (P2P) fund transfers through Ajman Bank’s Digital Banking application. With this collaboration, the bank will provide real-time remittances across more than 40 countries
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UAE’s First Islamic Robo-Advisor Launched
Wahed Invest Limited, a global fintech that offers Shariah-compliant investing, has become the UAE’s first Islamic digital investment management platform. The company has obtained a Financial Services Permission from the Financial Services Regulatory Authority of Abu Dhabi Global Market. Wahed
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