Fintech News Middle East

PayTabs and NuMetric Partner to Streamline Invoice Collection for Businesses

PayTabs Group, a Saudi Arabian payment processing company, has announced a new partnership with NuMetric, a financial management and accounting

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Middle East Banking Incumbents Recognize the Need for Digital Transformation

In the Middle East, banking incumbents recognize the need for digital transformation to improve customer experience, enhance operational efficiency, and

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Swiss Crealogix and Estonian Tuum Form Alliance to Offer Product for Middle East

Swiss Fintech Crealogix and Estonian Tuum, a core banking provider, announced a strategic partnership aimed at revolutionizing the banking and

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Dubai Proptech Startup Keyper Raises $34m

UAE Proptech company Keyper, announces a pre-series A capital raise of US$4 million in equity. This round was led by

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Liwwa Secures $5 Million Loan From DFC to Enhance SME Fintech Support in Jordan

In a stride towards advancing financial inclusion and bolstering small and medium enterprises (SMEs) in Jordan, liwwa  announced the signing

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Singapore’s Golden Gate Ventures Closes US$100 Million MENA Fund

Golden Gate Ventures, a Singapore-based venture capital firm, has successfully closed the first US$100 million MENA fund. It is said

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Apex Group Expands Across the Middle East With New Saudi Arabia Office

Global financial services provider, Apex Group, has launched a new office in the Kingdom of Saudi Arabia, further expanding its

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Top 10 Fintech Events in Saudi Arabia in H2 2024

Saudi Arabia’s fintech industry has surged over the past years, with the number of companies operating in the sector more

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Egyptian Financial Management Platform Swypex Secures $4 Million Seed Round

Swypex announced its launch following a $4 million seed investment round, led by the renowned venture capital fund Accel. This

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Chris Skinner Co-Founds Fintech Startup in Egypt

Ramses, an American Fintech startup, revealed its strategy for the upcoming period. The Company aims to establish its business model

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The Top 13 Fintechs From Egypt

Forbes Middle East has released its annual selection of the Middle East’s top fintech companies, highlighting the 50 biggest and

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Finamaze Opens Tech Hub in DIFC

FinaMaze announced its new technology hub, FinaMaze Technologies, based in the Dubai International Financial Centre (DIFC). This move represents a

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Ant International to Expand Into Saudi Arabia

The Ministry of Investment of Saudi Arabia (MISA) has signed a Memorandum of Understanding (MoU) with Ant International, to facilitate

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Austrian Crypto Platform Bitpanda Expands Into the UAE

On of the largest European crypto platform and infrastructure provider Bitpanda has announced plans to expand to the Middle East,

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Saudi Robo Advisor Abyan Capital Secures $18 Million Series A

Abyan Capital, the first robo-advisory company to launch in Saudi Arabia, announced the closing of a SAR68 million ($18 million)

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Checkout.com and Mastercard Partner to Bring Virtual Cards to Online Travel Agents

Checkout.com, a leading global digital payments provider, has announced a partnership with Mastercard to bring virtual cards to Online Travel

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UAE Central Bank Issues Open Finance Regulation: DLA Piper

The Central Bank of the United Arab Emirates (CBUAE) issued on April 23 two new fintech regulations, introducing the Open

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First Web3 Venture Capital Firm Regulated by Abu Dhabi Global Market

Klumi Ventures announced its achievement as the United Arab Emirates’ Web3 venture capital firm regulated by the Financial Services Regulatory

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Permira Acquires Majority Stake in BioCatch Now Valued at US$1.3 Billion

BioCatch, a digital fraud detection solution provider, announced that Permira Growth Opportunities II, a fund managed by global private equity

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MENA Companies Embrace Embedded Finance

In the Middle East and North Africa (MENA), embedded finance is picking up steam among telcos, tech startups and retailers.

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QNB Unveils Qatar’s First Open Banking API for Corporate Clients

QNB announceD the launch of Qatar’s first Open Banking API services, specifically tailored for its corporate clients. This service marks

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Top 7 Most Active Gulf Investors in Europe

The Gulf region has historically been depended on the oil sector, an industry prone to price fluctuations and which is

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Careem Pay Launches International Remittance to the UK

Careem Pay, the digital wallet and fintech platform within the Careem App, expands its international remittance services to include ‘Faster

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Egyptian Wealthtech Bokra Raises $4.6 Million Pre-Seed

Bokra, a Cairo-based fintech, announces the closure of its $4.6 million pre-Seed round led by DisrupTech Ventures, and SS Capital

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ADGM and Hacken Form Partnership to Set Blockchain Security Standards

Abu Dhabi Global Market (ADGM) and Hacken, a global leader in blockchain security auditing, have signed a Memorandum of Understanding

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UAE Telco Du Goes Fintech And Launches Du Pay

du, from Emirates Integrated Telecommunications Company (EITC), announced the launch of du Pay, marking a significant milestone in the UAE’s

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Al Etihad Payments Launches Open Finance in UAE

Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), has signed a partnership with Core42,

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44% of UAE Retailers Affected by Cyberattacks in 2023

Adyen published a new research revealing the millions of Dirhams lost annually to cyberattacks in the UAE retail sector. Working

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Binance Receives Full Virtual Asset Service Provider Licence in Dubai

Binance FZE, the Dubai entity of Binance, today announced that it has received the Virtual Asset Service Provider (VASP) licence

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Snowdrop and PwC Middle East to Enhance Digital Experience for Banks

Snowdrop Solutions, a provider of advanced transaction enrichment solutions, has announced a collaboration with PwC Middle East to bring its

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