Fintech News Middle East

UAE-Based “Robinhood” Style Fintech baraka Raises US$4 Million

UAE-based fintech baraka has raised US$4 million in a seed stage round, the company announced today. The round was raised

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Paymentology Introduces Cloud Banking Solution To The Middle East

Paymentology is introducing its BankingLive 2.0 solution, a cloud-based processing platform, to the Middle East, the company said in a

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Saudi Lending Fintech Forus Capital Picks Up Series A Funding

Forus Capital, a Saudi Arabia-based Islamic P2P lending marketplace, has raised a Series A round of funding for an undisclosed

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Cairo Credit Management Platform CreditFins Raises Pre-Seed Funding

Cairo-based CreditFins, a credit card management fintech, has raised an undisclosed amount in pre-seed funding, the company announced. The round

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All You Need To Know About Fintech In Dubai vs Fintech In Abu Dhabi

The UAE is emerging as a regional hub for fintech in the Middle East. Off to a strong start in

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QPS Global to Pour Us$10 Million Into Middle East Expansion

US Fintech company QPS Global will be expanding its operations in the Middle East, the company has announced. To this

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6 Fintech Startups In Egypt To Watch In 2021

Key developments in the Egyptian startup ecosystem have led to a renewed appetite for growth in the space, and for

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5 Fintech Initiatives To Follow In Bahrain

From a digital currency project, to a fintech innovation challenge, here’s what’s transpired for fintech in Bahrain during the year

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Mambu Launches New SME Financing Product

Global SaaS cloud banking platform Mambu has launched a new digital banking platform for SME financing, according to a statement

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ZurichPro Expands Digital Capabilities With 360F

Zurich International Life announced that it has expanded ZurichPro’s digital capabilities in partnership with Singapore-headquartered automated advisory fintech 360F.The move

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Jingle Pay And Al Fardan To Offer App-Based Expat Remittances

Dubai-based fintech startup Jingle Pay announced that it would be partnering with UAE-based financial services provider Al Fardan Exchange to

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UAE Fintech Report and Map 2021: Fintech is Booming in Dubai and Abu Dhabi

In the United Arab Emirates (UAE), the fintech sector continues to grow and mature on the back of rising adoption

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13 Upcoming Fintech Events in Dubai and 1 Fintech Festival in Abu Dhabi

As movement restrictions are easing up around the world, physical events are coming back. In the Middle East, the region’s

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Switzerland’s Aspirations and Fortification of Ties With Qatar

Two years after Qatar gained independence in 1971, the Federal Council of Qatar first established diplomatic relations with Switzerland. This

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Digital Wallet Spendwisor Secures US$50 Million From GEM Global Yield

Spendwisor, A US-based mobile payment app with branches in Qatar and the UK, announced a QAR 190 million (US$50 million)

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UAE Launches National Initiative to Foster the Development of Coding Talent

The United Arab Emirates (UAE) has launched the ‘National Programme for Coders’ which will introduce a series of national initiatives

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Airome Technologies Expands to the MENA Region Through Finvent Solutions’ Partnership

Airome Technologies, a Singapore-based developer of cybersecurity solutions for digital banking and e-document management systems, has announced its entry into

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Emirates Pay Launched With Deutsche Bank to Offer Account-Based Payment Option

Emirates has announced the launch of Emirates Pay, a new account-based payment method for purchasing air tickets by directly debiting

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Capital Bank Selects Codebase to Build New Digital Banks in Jordan and Iraq

Capital Bank Group has selected open API banking solutions provider Codebase Technologies to build and launch its first fully digital

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HSBC Goes Live on Dubai Economy’s UAE KYC Blockchain Platform

HSBC has become the fourth founding member to go live on Dubai Economy‘s UAE KYC (Know Your Customer) Blockchain Consortium.

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Pakistani Digital Bank UBL Partners Temenos for Its Digital Transformation

Pakistan’s digital bank UBL has signed an agreement with Temenos and National Data Consultant (NdcTech) to provide and implement a

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P2P Payments Firm Mamo Granted Innovation Testing License by Dubai Regulator

Mamo, a Dubai-based digital wallet and peer-to-peer payments platform, has been granted an Innovation Testing License to operate in or

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Interest in Fintech Picks up in Cameroon

Cameroon’s nascent fintech industry is gaining traction this year, a trend reflected by rising digital financial services adoption, considerable funding

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Paxful Rolls Out Bitcoin Payment Option for E-Commerce Merchants in the UAE

Paxful, a global peer-to-peer fintech, announced that its e-commerce solution that allows businesses worldwide to receive bitcoin. The Paxful Pay

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STC Pay Clinches One of the Two Digital Bank Licenses in Saudi

The Saudi cabinet has granted a digital bank license to STC Pay, a digital payments company which is a fully

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Saudi Fintech Tweeq Raises an Undisclosed Seven-Figure Funding

Tweeq, a Saudi-based provider of spending accounts for individuals and SMEs, announced the closure of an undisclosed seven-figure investment round,

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Mashreq Taps Comarch to Digitise Its Wealth Management Offering

Mashreq has chosen global software company Comarch to deliver investment propositions which will add value to its wealth management services,

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Visa Appoints New Group Country Manager to Lead the GCC Region

Visa announced the appointment of Dr. Saeeda Jaffar as Group Country Manager, and Senior Vice President, for its operations across

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Amazon Payment Services Launches Fintech Lab at Dubai’s DIFC Innovation Hub

Amazon Payment Services, a payment processing service in the Middle East and North Africa (MENA) region, has launched the Amazon

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Amazon’s Alexa to Roll Out Skills Kit in Saudi and UAE by End of 2021

Developers can start building voice experiences, called “skills” for customers in the Kingdom of Saudi Arabia and the United Arab

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