Fintech News Middle East
Report: 67% of UAE Crypto Transactions Driven by Institutional Investment
Chainalysis, the blockchain data platform, unveiled the Middle East and North Africa (MENA) findings of its 4th annual Geography of
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Nomura’s Digital Asset Subsidary Receives In-Principal Approval From Abu Dhabi Global Market
Laser Digital, Nomura’s digital asset subsidiary, announces that it has been granted In-Principal Approval (IPA) by the Financial Services Regulatory
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Digital Banking Grows 52% in the Middle East
In the Middle East, traditional lenders and fintech startups are racing to launch digital banking offerings, viewing the market’s rapid
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Bahrain’s Bank ABC Goes Live With Instant Blockchain Payments for Institutions
Bank ABC becomes the first Middle East bank to introduce faster cross-border payments to specific corridors for corporates and financial
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Spire Technologies Obtains Open Banking License from Central Bank of Bahrain
Spire Technologies has obtained Account Information Service Provider (AISP) and Payment Initiation Service Provider (PISP) licenses from the Central Bank
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Abu Dhabi Grants Crypto Custody License to Changer.ae
Changer.ae Ltd, a crypto custodian service dedicated to safeguarding and managing digital assets, received the Financial Services Permission (FSP) license
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State Bank of Pakistan Approves 5 In-principle Approvals for Digital Retail Banks in Pakistan
In a bid to foster innovation, financial inclusion and availability of affordable digital financial services, State Bank of Pakistan (SBP)
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Abu Dhabi Digital Asset Infrastructure Startup Fuze Raises $14Milions Seed Round
Abu Dhabi-headquartered Fuze, a digital assets infrastructure provider, has unveiled a substantial Seed round of $14mn, which they claim is
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Saudi Arabia Central Bank Licenses 2 New Insurance Aggregation Companies
The Saudi Central Bank (SAMA) licensed “Al-tizam for electronic insurance brokerage” and “Altheqa Insurance Brokers” to provide insurance aggregation services
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Archie: New Global Fintech Accelerator in Dubai Launched
Archie – an innovative new fintech acceleration partner – launches with a mission to scale the next generation of fintech
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Emirates NBD Group Makes Strategic Equity Investment in Climate Fintech Startup Erguvan
Emirates NBD has made an investment in Erguvan, a climate and financial technology venture aimed at providing financial institutions and
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Qatar Central Bank Grants License to 7sab Bringing Total Number of Approved Digital Payment Fintechs to 10
The Qatar Central Bank (QCB) has granted a license to 7sab, allowing the startup to provide digital payment services in
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Saudi Venture Capital Invests $5 Million into Venturesouq Early Stage Fintech Fund
Saudi Venture Capital (SVC) has made a $5 million investment in a fintech fund managed by VentureSouq (VSQ), primarily targeting
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Toko and Virtuzone Sign Collaboration to Launch Dubai’s First Tokenised Equity Crowdfunding Platform
TOKO FZE born out of global law firm DLA Piper, announces a strategic partnership with Virtuzone to form an equity
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UAE Fintech MyZoi Raises $14M From SC Ventures and SBI Holdings
myZoi, an UAE based fintech focused on financial inclusion and financial literacy for the underbanked, has raised USD 14 million
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Saudi Fintech Sector Doubles in Size
Saudi Arabia’s fintech sector is growing at a fast pace, doubling in size in the span of just a couple
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Innovation Fund of Emirates NBD Makes a Strategic Equity Investment into Trade Finance Company Komgo
Emirates NBD has invested in Komgo, a leading software development and technology services company transforming the trade finance industry. The
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UAE Digital Real Estate Investment Platform Enters Fintech Lab in Saudi Arabia
Stake, Dubai based digital real estate investment platform, has obtained the approval from the Capital Markets Authority (CMA) in Saudi
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J.P. Morgan Payments Partners in Middle East with Network International
Network International (Network), an enabler of digital commerce across the Middle East and Africa (MEA) region, has announced a partnership
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MENA Gen Z Consumers Favor Mobile Wallets as Preferred Payment Method
In the Middle East and North Africa, Generation Z (Gen Z) members are showing preference for digital payments methods over
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First Digital Bank Launched in Turkey
Anglo-Turkish fintech venture Colendi is launching Turkey’s first digital deposit bank after approval from the Banking Regulation and Supervision Agency
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Mastercard and Checkout.com Partner to Enable Instant Wallet Top-Ups for Careem
In partnership with Mastercard and Checkout.com, Careem Pay has integrated Mastercard Send to enable customers in the UAE to access
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Saudi Arabia Launches New $200 Million Early Stage Startup Fund
Saudi Arabia’s Crown Prince Mohammed bin Salman has launched a $200 million (SAR750 million) fund for early-stage investment in local
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Emirates Development Bank Launches Supply Chain Finance and Working Capital Solutions for SME’s
Emirates Development Bank (EDB) has inked a Memorandum of Understanding to create supply chain finance and working capital solutions for
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Virtual Assets Trading Platform M2 Receives Financial Services Permission From Abu Dhabi Global Market
The new virtual asset platform M2 has been officially granted a Financial Services Permission (FSP) license in the Abu Dhabi
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Antler Accelerates MENAP Presence and Launches New $60M Early Stage Fund
Antler announces the expansion of its presence to MENAP with Dr. Jonathan Doerr and Romain Assunção as Partners. The firm
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Dubai Introduces AI and Web3 Licenses for Startups
The Dubai AI and Web 3.0 Campus has announced that it is issuing artificial intelligence (AI) and Web3 licenses supporting
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UAE Plans National System for Carbon Credits Based on Blockchain Technology
Mariam bint Mohammed Almheiri, Minister of Climate Change and Environment, witnessed the signing of a Memorandum of Understanding between the
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Payoneer Acquires Israeli AI Data Platform Spott
Payoneer announced the asset acquisition of Israel-based Spott, a real-time data platform that uses AI to accurately surface, assess, 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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