Fintech News Middle East

Qatar

Qatar FinTech Hub Reveals Third Cohort for Incubator, Accelerator

Qatar FinTech Hub (QFTH) has announced the list of 16 fintechs joining Wave 3 of its incubator and accelerator programmes.

Dubai

Dubai Unveils Regulatory Framework for Investment Tokens

The Dubai Financial Services Authority (DFSA) launched its regulatory framework for investment tokens, according to a statement yesterday. The DFSA

Saudi Arabia

Report: Payments Dominates Saudi Fintech Map 2021

Payments emerged as the most popular area for investment in Saudi fintech companies, according to a new report by Fintech

Dubai

Dubai Silicon Oasis Authority Launches SANDBOX Accelerator

The Dubai Silicon Oasis Authority (DSOA) has launched an early-stage startup programme called SANDBOX, according to a recent announcement. SANDBOX

Various

Fintech News Digest: The Problem of Surveillance in Africa’s Biggest Fintech Hubs

A new study has found that governments in six African countries have been spying on citizens through the use of

Abu Dhabi Dubai

UAE’s Fintech Galaxy Raises US$2m For Open Finance Platform

Fintech Galaxy has raised US$2 million in a seed round, according to a recent statement. The funding round was led

Dubai

Is Branch Banking a Thing of the Past in the UAE? – Fintech Surge 2021

The death of branch and traditional banking was a top theme at the Digital Banking Summit – Fintech Surge 2021.

Saudi Arabia

The 5 Digital Banks in Saudi Arabia You Need to Know

Digital banking in Saudi Arabia is at a particularly interesting junction right now. Much has been said about how the

Various

Super App Careem Is Stepping Into Payments

In June last year, Careem became one of the earliest super apps to debut in the Middle East. Just months

Abu Dhabi

Halo Investing Bags Over US$100 Million Series C, Plans to Set up Office in the UAE

Halo Investing, a Chicago-based multi-issuer technology platform for protective investment solutions, announced that it has raised over US$ 100 million

Various

MEA Fintech Weekly News: Are Neobanks the Next Big Thing for Nigeria?

This week marked a new win for digital banks in Nigeria. Neobank Sparkle raised US$3.1 million in a seed round

Dubai

DIFC and CBUAE to Develop Joint Fintech Initiatives

The Central Bank of the UAE (CBUAE) and the Dubai International Financial Centre (DIFC) will be partnering to promote fintech

Abu Dhabi Dubai

6 UAE Digital Banks to Watch Out For

Digital banking is becoming increasingly competitive in the UAE, with new players, new banking models, and an eager market. Studies

Abu Dhabi Dubai

9 Upcoming Fintech Events to Attend in Dubai and Abu Dhabi

The UAE is one of the top trending regions for fintech in the Middle East, aside from Bahrain and Saudi

Various

MEA Fintech Weekly News: Nigeria to Closely Scrutinise Fintech Startups

In last week’s MEA fintech news, the Central Bank of Nigeria (CBN) has once again hinted that it will be

4 Priorities for Banks to Secure Digital and Mobile Channels

During the pandemic, the number of data breaches has increased drastically: cyberattacks targeting banks have even grown by 238 percent. This

Abu Dhabi Dubai

Crypto Platform BitOasis Fetches US$30m Series B for MENA Expansion

UAE-headquartered digital asset trading platform BitOasis has closed its Series B fundraise at US$30 million, the company said in a

Qatar

The State of Fintech in Qatar: Report

Local authorities are looking to boost the competitiveness of fintech in Qatar, regionally and globally, according to a new whitepaper

Abu Dhabi Kuwait Saudi Arabia

These Are the Most Popular Islamic Banks in the MENA Region

According to a new report by Carma, Kuwait Finance House (KFH) is the most popular MENA-based Islamic bank by media

Israel

Deutsche Börse’s Venture Arm Acquires Minority Stake in Israeli Fintech WeMatch

Deutsche Börse’s venture arm DB1 Ventures has acquired a minority stake in WeMatch, an Israel-based fintech company digitising the wholesale

Various

MEA Fintech Weekly News: The Case for Mobile Money in Sub-Saharan Africa

In last week’s MEA fintech news, mobile money took centre stage once again in the African continent. Meanwhile, UAE sees

Dubai

Global Processing Services Launches in MENA With Dubai Headquarters

Global paytech company Global Processing Services has officially launched its operations in the MENA region, the company announced in a

Abu Dhabi Dubai

6 Hot Fintech Startups in Dubai and Abu Dhabi 2021

Financial districts of both emirates – the Abu Dhabi Global Market (ADGM) and the Dubai International Financial Centre (DIFC) –

Various

M2P Solutions and Buckzy to Provide Cross-Border Payments for MENA Partners

Middle East and Asia-based API infrastructure company M2P Solutions announced a strategic partnership with Canadian payment solutions provider Buckzy Payments