Fintech News Middle East

Qatar FinTech Hub Reveals Third Cohort for Incubator, Accelerator

Qatar FinTech Hub (QFTH) has announced the list of 16 fintechs joining Wave 3 of its incubator and accelerator programmes.

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Dubai Unveils Regulatory Framework for Investment Tokens

The Dubai Financial Services Authority (DFSA) launched its regulatory framework for investment tokens, according to a statement yesterday. The DFSA

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Report: Payments Dominates Saudi Fintech Map 2021

Payments emerged as the most popular area for investment in Saudi fintech companies, according to a new report by Fintech

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Dubai Silicon Oasis Authority Launches SANDBOX Accelerator

The Dubai Silicon Oasis Authority (DSOA) has launched an early-stage startup programme called SANDBOX, according to a recent announcement. SANDBOX

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Fintech News Digest: The Problem of Surveillance in Africa’s Biggest Fintech Hubs

A new study has found that governments in six African countries have been spying on citizens through the use of

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UAE’s Fintech Galaxy Raises US$2m For Open Finance Platform

Fintech Galaxy has raised US$2 million in a seed round, according to a recent statement. The funding round was led

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Is Branch Banking a Thing of the Past in the UAE? – Fintech Surge 2021

The death of branch and traditional banking was a top theme at the Digital Banking Summit – Fintech Surge 2021.

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The 5 Digital Banks in Saudi Arabia You Need to Know

Digital banking in Saudi Arabia is at a particularly interesting junction right now. Much has been said about how the

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Super App Careem Is Stepping Into Payments

In June last year, Careem became one of the earliest super apps to debut in the Middle East. Just months

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Halo Investing Bags Over US$100 Million Series C, Plans to Set up Office in the UAE

Halo Investing, a Chicago-based multi-issuer technology platform for protective investment solutions, announced that it has raised over US$ 100 million

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MEA Fintech Weekly News: Are Neobanks the Next Big Thing for Nigeria?

This week marked a new win for digital banks in Nigeria. Neobank Sparkle raised US$3.1 million in a seed round

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DIFC and CBUAE to Develop Joint Fintech Initiatives

The Central Bank of the UAE (CBUAE) and the Dubai International Financial Centre (DIFC) will be partnering to promote fintech

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6 UAE Digital Banks to Watch Out For

Digital banking is becoming increasingly competitive in the UAE, with new players, new banking models, and an eager market. Studies

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9 Upcoming Fintech Events to Attend in Dubai and Abu Dhabi

The UAE is one of the top trending regions for fintech in the Middle East, aside from Bahrain and Saudi

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MEA Fintech Weekly News: Nigeria to Closely Scrutinise Fintech Startups

In last week’s MEA fintech news, the Central Bank of Nigeria (CBN) has once again hinted that it will be

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4 Priorities for Banks to Secure Digital and Mobile Channels

During the pandemic, the number of data breaches has increased drastically: cyberattacks targeting banks have even grown by 238 percent. This

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Crypto Platform BitOasis Fetches US$30m Series B for MENA Expansion

UAE-headquartered digital asset trading platform BitOasis has closed its Series B fundraise at US$30 million, the company said in a

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The State of Fintech in Qatar: Report

Local authorities are looking to boost the competitiveness of fintech in Qatar, regionally and globally, according to a new whitepaper

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These Are the Most Popular Islamic Banks in the MENA Region

According to a new report by Carma, Kuwait Finance House (KFH) is the most popular MENA-based Islamic bank by media

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Deutsche Börse’s Venture Arm Acquires Minority Stake in Israeli Fintech WeMatch

Deutsche Börse’s venture arm DB1 Ventures has acquired a minority stake in WeMatch, an Israel-based fintech company digitising the wholesale

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MEA Fintech Weekly News: The Case for Mobile Money in Sub-Saharan Africa

In last week’s MEA fintech news, mobile money took centre stage once again in the African continent. Meanwhile, UAE sees

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Global Processing Services Launches in MENA With Dubai Headquarters

Global paytech company Global Processing Services has officially launched its operations in the MENA region, the company announced in a

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6 Hot Fintech Startups in Dubai and Abu Dhabi 2021

Financial districts of both emirates – the Abu Dhabi Global Market (ADGM) and the Dubai International Financial Centre (DIFC) –

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M2P Solutions and Buckzy to Provide Cross-Border Payments for MENA Partners

Middle East and Asia-based API infrastructure company M2P Solutions announced a strategic partnership with Canadian payment solutions provider Buckzy Payments

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Egyptian Banks Launch EGP 1 Billion Egypt Fintech Fund

Three Egyptian banks will be launching an Egypt fintech fund of EGP 1 billion (US$63.6 million) to support fintech companies

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UAE Social Marketplace Zbooni Closes US$9.5M Series A

UAE-based social commerce and payments platform Zbooni has closed its Series A round with a second tranche of US$4.5 million.

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7 Popular Middle East Fintech Trends 2021

The Middle East fintech sector is undergoing a period of incredible transformation. From fintech funding upsurges, to rising fintech adoption,

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MEA Fintech Weekly News: Dubai Gets Regulatory Nod for Crypto Trading

In last week’s MEA fintech news, it’s all eyes on crypto trading in the UAE – approvals for crypto trading

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Pakistan Digital Banking Startup Secures Record Seed Round

Pakistani digital banking startup Tag has secured over US$12 million in the largest seed funding round to have taken place

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Turkish Microlender Colendi Raises US$30M

Colendi, a Turkey-based micro lending and credit scoring fintech company, has picked up US$30 million in a Series A round

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