Fintech News Middle East
Emirates NBD Launches Emirates NBD Pay
Emirates NBD has expanded its portfolio in the payments space with the launch of Emirates NBD Pay. Launched in collaboration
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UAE’s AUM Ventures Launches US$30M Fund to Invest in Indian Startups
UAE venture capital firm AUM Ventures has launched its first US$30 million fund that aims to invest in early and
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Gulf Capital Gets ADGM In-Principle Approval for an Asset Management License
Private equity firm Gulf Capital has opened its new global headquarters in the Abu Dhabi Global Market (ADGM) and obtained
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UK’s Berg to Provide Multi-Currency Business Accounts to UAE SMEs
UK business payments platform Berg announced that it will be introducing its multi-currency and cross-border transaction services to SMEs in
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Tweeq Granted SAMA Payments License to Offer E-Wallet Services
The Saudi Central Bank (SAMA) has granted a payment license to Riyadh-based money app Tweeq to provide e-wallet services, bringing
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Hex Trust Gets MVP License to Offer Virtual Asset Custodial Services in Dubai
Hex Trust, a digital asset custodian licensed in Hong Kong and Singapore, has received a Minimum Viable Product (MVP) license
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Saudi Arabia: Fintech Momentum to Continue in 2023 Driven by Open Banking and Digital Banking
In Saudi Arabia, the fintech industry has risen significantly over the past year, a growth that’s evidenced by accelerated new
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Swiss Digital Asset Bank Sygnum Granted In-Principle Approval by ADGM
Swiss digital asset bank Sygnum has received in-principle approval from the Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority
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Ta3meed Selects Moneythor’s Loyalty Solution for Its Purchase Order Financing Platform
Saudi purchase order financing platform Ta3meed has selected Moneythor’s personal finance management and loyalty solutions to enhance its platform with
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CoverGo Expands to the Middle East With Noria Capital’s Investment
Insurtech CoverGo announced that it is expanding to the Middle East in partnership with insurtech fund Noria Capital following its
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Nomura’s Komainu Gets MVP Licence to Offer Crypto Custody Services in Dubai
Crypto custodian Komainu has received a minimal viable product (MVP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA), following its
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Qashio Raises US$10M Led by One Way Ventures for Enterprise Spend Management
UAE spend management platform Qashio has raised US$10 million in equity and non-equity seed funding in a round led by
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Visa to Pilot Facial Biometric Payments At FIFA World Cup Qatar 2022
Visa announced that it will pilot payment innovations such as instantly-issued prepaid cards and facial biometric payments at the upcoming
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Canada’s Salt Edge Expands Its Open Banking Offering to Saudi Arabia
Canadian open banking solutions provider Salt Edge is expanding to Saudi Arabia to enable financial institutions to share their transactional
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Spare Launches Open Banking Payment Options in Bahrain With EazyPay
Kuwaiti open banking platform Spare has partnered with Bahraini payment services provider EazyPay to enable Spare merchants in Bahrain to
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Baraka Raises US$20M Series A Led by Peter Thiel’s Valar Ventures
Dubai-based trading app baraka has closed a US$20 million Series A round led by Peter Thiel’s Valar Ventures, with participation
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Report Details 11 Fintech Regulatory Sandboxes in MENA in 2022
The MENA Fintech Association’s (MFTA) Open Finance Working Group has published a new report on the rise of open banking
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Alpadis Group Secures DIFC License, Opens Second Office in Dubai
Swiss corporate services provider Alpadis Group has obtained a license to operate in the Dubai International Financial Centre (DIFC) and
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Israel’s OurCrowd Launches AI Hub at ADGM’s Hub 71 With ADIO
Israeli venture investing platform OurCrowd announced plans to invest US$60 million in its Abu Dhabi operations with a new office
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Invest Bank Moves to the Cloud With Temenos and Ndctech
UAE commercial bank Invest Bank has selected Swiss banktech company Temenos to take its digital and core banking services to
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Abu Dhabi Crypto Hub Launched on Third Day of Abu Dhabi Finance Week 2022
The third day of the inaugural Abu Dhabi Finance Week (ADFW), organised by Abu Dhabi Global Market (ADGM), was held
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ADGM Academy Launches Digital Assets Curriculum With Binance
The Abu Dhabi Global Market Academy (ADGMA) has launched a School of Digital Assets in partnership with Binance Academy, Avnon
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MENA Fintech Awards 2022 Names the Region’s Best Fintech Companies
The inaugural MENA Fintech Awards organised by the MENA Fintech Association (MFTA) came to a close on 15 November with
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Binance Secures Financial Services Permission From ADGM’s FSRA
Binance has received a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market
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Israel’s Liquidity Group to Establish R&D Center in Abu Dhabi
Credit automation platform Liquidity Group has joined the Abu Dhabi Investment Office (ADIO) Innovation Programme and will establish an R&D
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ADGM’s Abu Dhabi Finance Week Launches, Featuring Fintech Abu Dhabi 2022
The inaugural Abu Dhabi Finance Week (ADFW) is taking place from 14 to 18 November with the participation of 500
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Wio Bank to Provide ADGM-Registered SMEs With Banking Services
Digital bank Wio has partnered with the Abu Dhabi Global Market (ADGM) to support small and medium-sized enterprises (SMEs) in
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Checkout.com Launches R&D Hub in Tel Aviv To Expand its Talent Pool
UK payments platform Checkout.com has launched a new research and development hub in Israel as part of its international growth
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Beyon Money Partners With MoneyGram to Enable Payments to Over 200 Countries
Bahrain money app Beyon Money has partnered with P2P payments company MoneyGram to enable its users to send money in
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Pyypl Raises US$20M Series B Investment To Expand in MENA
UAE digital wallet startup Pyypl has closed a US$20 million Series B funding round from a group of new and
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10 Fintech Startups in Dubai and Abu Dhabi You Have to Know
The fintech market in the Middle East and North Africa (MENA) region is predicted to enter a new era of
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