Fintech News Middle East

Bahrain

Backbase Partners With Bahrain Fintech Bay to Boost Digital Banking Adoption

Digital banking software provider Backbase and Bahrain Fintech Bay (BFB), a fintech hub in the Middle East and North Africa

Dubai

Wealth Today Summit Spotlights Rising Institutional Adoption of Crypto

The wealth and investment landscape has seen its fair share of changes over the last few years and new technologies

Digital ID Verification, Remote Document Signing to Become the Norm in Finance Sector

The pandemic has accelerated the growth of non-face-to-face interactions, forcing banks, merchants and others to swiftly deploy digital tools to

Dubai

UAE Proptech Huspy Raises $37 Million in Series A

Huspy, the EMEA proptech startup, has announced a $37 million Series A funding round led by Sequoia Capital India to

Dubai

Huobi Group Secures DIFC Innovation License From Dubai Regulator

Huobi Group, a global blockchain asset financial services provider, announced that it has secured a DIFC Innovation License in Dubai.

Pakistan

BNPL Emerges as New Favorite Payment Option in MENA-Pakistan

In the Middle East, North Africa and Pakistan (MENAP) region, exponential growth in the e-commerce market is fueling the rise

Dubai

Mashreq Offers Fully Integrated Mobile IPO Subscription Service

Mashreq is the first bank to go live with its digital IPO subscription through its mobile application. The bank’s retail

Oman

Revolut Has Now Expanded Its Footprint to Oman

Challenger bank Revolut announced that a streamlined version of its app is launching in Oman in the next couple of

Abu Dhabi Jordan

ADQ and Jordan’s Ministry of Digital Economy and Entrepreneurship Launch $100 Million Tech Fund

ADQ, an Abu Dhabi-based investment and holding company, announced the launch of a $100 million technology-focused venture capital fund with

Abu Dhabi

NymCard Increases Funding to $35M

NymCard – MENA-based Banking as-a-Service (BaaS) provider and card issuer has raised $22.5M in its latest Funding round. This will

Bahrain Dubai Qatar Saudi Arabia

Robo Advisers Are on the Rise in the MENA Region

Wealth managers in the MENA region are expecting strong growth in the number of robo advisers and digital only wealth

Saudi Arabia

Hyperpay Raises $36.7 Million Led by Mastercard

KSA-based and MENA servicing payments services provider HyperPay has successfully raised $36.7 million (SAR 138 million) in a funding round

Dubai Sponsored

Weekly Crypto Meetups in the UAE by XT.com

XT.com, the World’s First Social Infused Exchange, announces its much-awaited weekly crypto meetups. XT.com is delighted to invite crypto enthusiasts,

Dubai

Crypto.com Receives Provisional Approval From Dubai Virtual Assets Regulatory Authority

Crypto.com announced last weekt that it has received provisional approval of its Virtual Asset MVP License from the Dubai Virtual

8 Financial Processes Poised for Digital Transformation

COVID-19 accelerated trends toward remote banking and digitalisation, forcing financial institutions to embrace new technologies and processes to keep their

Saudi Arabia

6 Fast-Growing Fintechs from Saudi to Keep a Close Eye on

These past few years have seen Saudi Arabia’s fintech sector gaining strong momentum, a growth that’s been fueled by favorable

e-Commerce Various

Businesses Are Banking On 3DS2 for Secure Checkout in MENA’s Us$50B e-Commerce Market

The accelerated digitization brought on by the Covid-19 pandemic has boosted an already popular retail market in the Middle East

Qatar

Qatar Is Gearing Up to Host the First Ever InsurHack MENA in June

Qatar is gearing up to host InsurHack MENA, the first insurtech hackathon in the MENA region that is scheduled to

Abu Dhabi

Abu Dhabi Accelerator Hub71 Accepts 7 Fintech Startups for Its New Cohort

Hub71, Abu Dhabi’s global tech ecosystem, has accepted 7 fintech startups to join its growing community as part of accelerating

Israel

Israel’s SHVA Selects Netcetera to Upgrade the Security of Online Payments

Netcetera, a Swiss software company that provides secure digital payments, has announced that it has partnered with Israel-based Automated Banking

Egypt

Egypt’s Paymob Raises US$50 Million in Series B Fundraise

Paymob, Egypt’s omni-channel merchant financial services platform, announced it has raised US$50 million in a Series B funding round led

Using E-Signatures to Ensure Business Continuity in an Increasingly Digital World

The COVID-19 pandemic has accelerated the trend towards digitisation. Suddenly, government agencies, organisations, and businesses of every industry have been