Fintech News Middle East
Dutch Payments Platform Adyen to Expands to Dubai
Adyen, the global payments platform based in Netherlands, announced that it will expand its offering to the Middle East by
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Open Banking Platform Tarabut Gateway Bags $13 Million in Seed Funding
Bahrain-based open banking platform Tarabut Gateway has secured $13 million during a seed funding round. The announcement follows Tarabut Gateway’s
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Saudi Central Bank Launches Instant Payment System Sarie
The Saudi Central Bank (SAMA) launched the instant payment system sarie, under the patronage of His Excellency Governor of the
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Saudi Central Bank Set to Launch Instant Payment System Available 24/7
The Saudi Central Bank (SAMA) has announced that it will be launching a round the clock instant payment system effective
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Saudi Arabia: Open Banking Expected to Go Live in H1 2022
The Saudi Central Bank, previously known as Saudi Arabian Monetary Authority (SAMA), is planning to go live with open banking
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Personetics Secures $75 Million Funding From Warburg Pincus
Personetics, a Tel Aviv-based global provider of data-driven personalisation and customer engagement solutions for banks and financial services providers, announced
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GoDaddy and Startups Without Borders to Train Entrepreneurs Across MENA Region
GoDaddy Inc, an American publicly traded Internet domain registrar and web hosting company, announced the introduction of a free online
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Amazon’s Growing Foothold in the Middle East
Amazon is aggressively expanding its e-commerce business in the Middle East, multiplying product launches with the introduction of home services
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UAE’s LetsTango.com Inks e-Commerce Deal With Aramex to Sell Thai Products
UAE’s e-commerce retailer LetsTango.com and Aramex, a global provider of comprehensive logistics and transportation solutions, have partnered to fuel cross-border
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Irish Fintech Global Shares Expands Footprint to Saudi Arabia
Global Shares, an Irish equity compensation management solutions provider, announce that it has opened an office in Saudi Arabia’s capital,
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Fintech Attracts Lion’s Share of 2020 African Tech Funding
Fintech funding in Africa jumped 49.3% in 2020 to US$160 million. The amount was raised by 99 fintech startups, making
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UAE Card Processor NymCard Raises US$ 7.6 Million in Series A Funding Round
Abu Dhabi-based Banking-as-a-Service (BaaS) provider NymCard announced that they have raised US$ 7.6 million during a Series A funding round
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Saudi Fintech Startup Hakbah Secures USD 1.2 Million Seed Funding
Hakbah platform, a Saudi-based fintech startup that specialises in alternative savings and savings groups, announced the closure of its seed
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Bahrain Islamic Bank Announces Winner for BisB Innovation Challenge
Bahrain Islamic Bank (BisB) announced that Verofax, a Malaysian-based asset digitisation and traceability services provider, as the winner of its
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Saudi Fintech Tamara Raises US$ 6 Million in Largest Seed Funding Round in the Kingdom
Tamara, a Saudi-based buy now pay later platform, announced the closure of its seed funding round with an investment of
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SH Capital Ltd Launches in Dubai to Empower SMEs With Global Banking Services
A new digital treasury services management provider SH Capital Ltd (SHC), launches in Dubai today with a mission to empower
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Mambu Partners Ta3meed to Provide Digital Islamic Financing Solutions for SMEs
SaaS banking platform Mambu and Ta3meed, an Islamic fintech in trade finance in Saudi Arabia, announced a strategic partnership to
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Banking and Fintech Predictions for Middle East in 2021
COVID-19 has created a sea change across the financial services sector with respect to remote work and a push for
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Abu Dhabi Investment Office Establishes 8 Global Hubs
The Abu Dhabi Investment Office (ADIO) has established eight new offices in Tel Aviv, New York, San Francisco, Frankfurt, London,
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Ethiopia, Ghana and Rwanda Among Africa’s Fastest-Growing Fintech Ecosystems: Report
South Africa, Nigeria and Kenya have historically been the fintech hubs of Africa, but the next chapter for the industry
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Bahraini Crypto Startup Rain Financial’s $6 Million Funding Round Joined by Coinbase
Rain Financial Inc, a licensed cryptocurrency platform and custodian, announced that it had raised $6 million during a Series A
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Visa Study: Contactless Payments in the UAE Here to Stay
Visa’s third edition of its global research study, “Visa Back to Business Study – 2021 Outlook”, found that both the
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Virgin Mobile Awarded Banking Agent License Through Saudi Investment Bank
Telecom provider Virgin Mobile was awarded a banking agent license through the Saudi Investment Bank, allowing it to offer electronic
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Tanzania’s Nascent Fintech Sector is Poised for Growth
In Tanzania, the fintech sector is still nascent with less than 50 companies, among which 68% in their early stages
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Saudi Central Bank Releases Its Open Banking Framework
The Saudi Central Bank (SAMA) has issued its open banking policy which outlines its objective for implementation in Saudi and
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Emirates NBD Unveils Customer Digital Onboarding Experience
Emirates NBD has rolled out the digital onboarding option for new customers to have their identity documents verified using contactless
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Sarwa Gets Greenlight for Fintech Experimental Permit From Saudi Regulator
Sarwa, a Dubai-based investment advisory platform, was granted a fintech experimental permit by the Capital Markets Authority (CMA) of Saudi
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Kenya Central Bank Outlining Open Banking Ambitions
The Central Bank of Kenya (CBK) has released a draft document outlining a five-year digitalization plan to modernize the country’s
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RAKBANK Renews Fintech Partnership With Invoice Bazaar to Ease SME Funding
The National Bank of Ras Al Khaimah (RAKBANK) has announced the renewal of its partnership with Invoice Bazaar, a Dubai
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Dubai’s Free Trade Zone Breaks 5-Year Record in New Company Registrations
Dubai Multi Commodities Centre (DMCC), established by the Government of Dubai to establish a hub for global commodities trade, registered
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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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