Fintech News Middle East

ADGM Introduces Changes to VC Managers Framework

The Abu Dhabi Global Market (ADGM) recently held a webinar on the “New ways of VC Financing in ADGM.” The

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US-Israeli AI Fintech Company Pagaya Announces US$8.5B SPAC

US-Israeli AI fintech company Pagaya is going public via a SPAC merger with EJF Acquisition Corp (EJFA), according to a

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5 Trends Driving Open Banking in the Middle East 2021

Open banking in the Middle East has become one of the latest buzzwords to come out of the region’s accelerated

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4 Payment and Security Trends in the UAE

In the United Arab Emirates (UAE), the COVID-19 pandemic has been a catalyst of change in the payment industry landscape,

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Middle East Fintech Weekly Digest: Cashless Payments Surge in Bahrain

Last week in Middle East fintech news, the DIFC announced that it had reached its 2024 target of tripling in

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Egypt’s Kashat Raises US$1.75m for Micro Lending App

Kashat, an Egyptian micro loan solutions provider, has raised US$1.75 million in a new bridge funding round, Magnitt reported. The

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Emirati Insurtech Klaim Raises US$1.6 Million

UAE-based healthcare financing solution Klaim has fetched US$1.6 million in a pre-Series A funding round, according to an announcement by

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Stronger Mobile Application Security Is the Key to Revenue Growth

Financial institutions have been moving towards expanding digitisation for years, offering remote banking services, and prioritising the customer experience in

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Egyptian Super App MNT-Halan Bags US$120m

Egyptian financial and logistics super app MNT-Halan has secured US$120 million from private equity and venture capital investors, the company

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Cashless Payments in Bahrain Hit US$3.62B in H1 2021

Cashless payments in Bahrain jumped to US$3.62 billion in H1 2021, according to the latest figures from the Central Bank

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Dubai’s DIFC Now Home to Over 3000 Companies

The Dubai International Financial Centre (DIFC) has achieved its ‘2024 Strategy’ growth targets three years ahead of schedule. The 2024

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The Rise of Paytech in the UAE

Paytech in the UAE is one of the top emerging opportunities being eyed by startups, financial institutions and investors. Demand

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Your Weekly Middle East Fintech News Digest (Aug 30 to Sep 6)

In last week’s Middle East fintech news, we saw an Israeli spend management platform land a hefty funding deal, and

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Israeli Fintech Funding in H1 2021 Smashes Records

It has been a blockbuster year so far for Israeli fintech funding, according to the latest from Start-up Nation Central.

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10 Startups That Made It to Forbes’ Top Middle East Fintech Apps

Forbes recently released its list of top Middle East fintech apps for the year, and the list includes some illustrious

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8 Pakistani Fintech Startups You Need to Know in 2021 and Beyond

Pakistani fintech startups are making their mark in what is a relatively small but growing startup ecosystem. In Q1 this

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The Arab Monetary Fund and Visa Partner to Support Cross-Border Payments

The Arab Monetary Fund (AMF), Buna and Visa have signed an MoU to collaborate over regional payments between the Arab

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PayMate Launches in the UAE

Indian B2B digital payments company PayMate has announced its entry into the UAE market. The company will be stepping foot

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Emirati Insurtech Startup hala Secures US$5 Million Funding

hala, an Abu Dhabi-based insurtech company, has secured US$5 million in a fresh fundraise, the company announced in a statement.

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Online (Crypto) Trading and Investing Gathers Steam in the Middle East

Last year, global financial markets saw retail investors flood financial markets through online trading and investing platforms. A wave of

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9 Israeli Fintech Startups to Watch in 2021

Israel’s booming fintech landscape continues to stay in the global eye. Home to over 500 Israeli fintech startups, the country’s

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Thunes and Bank Alfalah Launch Cross-Border Payments in Pakistan

Singaporean fintech Thunes has announced a partnership with one of Pakistan’s largest banks, Bank Alfalah. The partnership will enable the

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Making Islamic Banking Work for Tech-Savvy Young Muslims

Islamic banking and financial services are picking up pace worldwide. Greater awareness, and improved legal and regulatory structures have helped

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Booming Demand for Digital Wallets Could See Rise of Super Apps in MEA

In the Middle East and Africa (MEA) region, demand for digital wallets is on the rise. This trend is fueled

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Abu Dhabi Islamic Bank Launches Amwali, an Islamic Digital Bank for Gen Z

Abu Dhabi Islamic Bank (ADIB) has launched Amwali, the world’s first Islamic digital bank for young people, according to an

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AMF’s Roadmap for Blockchain in the Middle East

The Arab Monetary Fund (AMF) has recently issued guidelines regarding distributed ledger technology (DLT) and blockchain in the Middle East

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Israel API Developer Weav Acquired for US$50 Million

US-based fintech company Brex has acquired Israeli Application Programming Interface (API) developer Weav for US$50 million, according to a recent

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Arab Bank Launches Fintech Accelerator in Egypt

Jordan’s Arab Bank has launched a corporate fintech accelerator in Egypt, according to a recent announcement by the bank. The

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ADGM Launches 5th Fintech Abu Dhabi Innovation Challenge

The Abu Dhabi Global Market (ADGM) has launched the fifth edition of its flagship initiative Fintech Abu Dhabi Innovation Challenge.

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Finleap and Batelco Partner to Boost Open Banking in the MENA Region

European fintech ecosystem builder finleap entered into a strategic partnership with Bahraini telecoms company Batelco, according to an announcement earlier

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