Fintech News Middle East

Abu Dhabi Proptech Startup SmartCrowd Secures Saudi Fintech Licence

SmartCrowd Holdings, a regional pioneer in fractional real estate investments, has been granted a FinTech experimental license by the Saudi

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Tabby Secures $150M Credit Facility From Atalaya Capital

Tabby, MENA’s payments and shopping app, has secured $150 million in debt financing from Atalaya Capital Management and existing investor

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SC Ventures Launches Fintech Startup in Dubai

SC Ventures announced the launch of Appro, a fintech startup that digitises, streamlines and simplifies the retail banking user journey.

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New Payments Index 2022: UAE Consumers Embrace Digital Payments

Adoption of a broader range of digital payment methods is accelerating in the UAE and the technology fueling the future

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Top 4 Emirates Skywards Miles Credit Cards in the UAE

For frequent flyers, travel reward schemes are an extremely useful resource which helps them save money on their travel experience,

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Direct Remittance Service From Qatar to the Philippines Through Ripplenet

QNB,one of the largest financial institution in the Middle East and Africa, has launched Direct Remittance service for money transfers

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Huobi Secures Provisional Approval From Dubai Virtual Assets Regulatory Authority

Cryptocurrency exchange Huobi Group announced that it has been granted a MVP provisional approval by the Dubai Virtual Assets Regulatory

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Dubai Launches Its Official Metaverse Strategy

In line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler

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Dubai Freezone Cements Position as Leading Regional Fintech Hub

The Dubai International Financial Centre (DIFC), the city’s financial freezone, is aggressively cementing its position as the top fintech hub

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FICO, Network International Offer Enhanced Fraud Protection Solutions for Lenders

Global analytics software provider FICO and Network International, a provider of payments solutions to merchants and financial institutions across the

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The Role of Financial Centers in Driving Innovation

Around the world, financial centers and the organizations that represent them are leading efforts to strengthen their countries’ financial markets,

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Dubai Neobank YAP Raises US$41 Million to Fuel Its Growth Plans

Dubai-based neobank YAP announced that it had raised US$41 million to fund its operations and growth. The latest investment comes

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Organizations Struggle with Increased IT Complexity

These past couple of years have seen the pace of digital transformation increase dramatically as organizations globally moved to the

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Qatar National Bank Launches WeChat Pay and Alipay+

Qatar National Bank (QNB) has announced the launch of WeChat Pay and AliPay+ to its existing broad range of payment

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MENA’s Demand for Payment Hubs Rises as Open Banking Fuels Cross-Border Flows

The accelerated digitalisation that swept the globe in the last two years has led to widespread adoption of digital financial

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Etisalat by e& Rolls Out ‘GoChat Messenger’ for Free Voice and Video Calling

Etisalat UAE, a telecoms company branded as etisalat by e&, announced the launch of GoChat Messenger, an all-in-one free voice

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Backbase Partners With Bahrain Fintech Bay to Boost Digital Banking Adoption

Digital banking software provider Backbase and Bahrain Fintech Bay (BFB), a fintech hub in the Middle East and North Africa

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Wealth Today Summit Spotlights Rising Institutional Adoption of Crypto

The wealth and investment landscape has seen its fair share of changes over the last few years and new technologies

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Digital ID Verification, Remote Document Signing to Become the Norm in Finance Sector

The pandemic has accelerated the growth of non-face-to-face interactions, forcing banks, merchants and others to swiftly deploy digital tools to

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UAE Proptech Huspy Raises $37 Million in Series A

Huspy, the EMEA proptech startup, has announced a $37 million Series A funding round led by Sequoia Capital India to

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Huobi Group Secures DIFC Innovation License From Dubai Regulator

Huobi Group, a global blockchain asset financial services provider, announced that it has secured a DIFC Innovation License in Dubai.

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BNPL Emerges as New Favorite Payment Option in MENA-Pakistan

In the Middle East, North Africa and Pakistan (MENAP) region, exponential growth in the e-commerce market is fueling the rise

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Mashreq Offers Fully Integrated Mobile IPO Subscription Service

Mashreq is the first bank to go live with its digital IPO subscription through its mobile application. The bank’s retail

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Revolut Has Now Expanded Its Footprint to Oman

Challenger bank Revolut announced that a streamlined version of its app is launching in Oman in the next couple of

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ADQ and Jordan’s Ministry of Digital Economy and Entrepreneurship Launch $100 Million Tech Fund

ADQ, an Abu Dhabi-based investment and holding company,  announced the launch of a $100 million technology-focused venture capital fund with

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NymCard Increases Funding to $35M

NymCard – MENA-based Banking as-a-Service (BaaS) provider and card issuer has raised $22.5M in its latest Funding round. This will

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Robo Advisers Are on the Rise in the MENA Region

Wealth managers in the MENA region are expecting strong growth in the number of robo advisers and digital only wealth

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Hyperpay Raises $36.7 Million Led by Mastercard

KSA-based and MENA servicing payments services provider HyperPay has successfully raised $36.7 million (SAR 138 million) in a funding round

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Weekly Crypto Meetups in the UAE by XT.com

XT.com, the World’s First Social Infused Exchange, announces its much-awaited weekly crypto meetups. XT.com is delighted to invite crypto enthusiasts,

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Crypto.com Receives Provisional Approval From Dubai Virtual Assets Regulatory Authority

Crypto.com announced last weekt that it has received provisional approval of its Virtual Asset MVP License from the Dubai Virtual

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