Fintech News Middle East

Israel

Israel, Norway and Sweden Explore Interlinking CBDC Systems for International Payments

The Bank of Israel, Norges Bank, Sveriges Riksbank and the Bank for International Settlements (BIS) are launching Project Icebreaker to

Abu Dhabi Dubai Saudi Arabia

Here Are the Top 5 Fintech Startups in the Middle East on LinkedIn in 2022

Five fintech companies made LinkedIn’s second annual top startups list featuring 10 companies in the UAE that it says is

Egypt

Tabby, Paymob Partner to Enable BNPL Payments for Retailers in Egypt

BNPL shopping app Tabby and payments company Paymob have partnered to enable in-store and online retailers in Egypt to benefit

Dubai

DIFC Launches ESG Self-Assessment Tool for Companies

The Dubai Sustainable Finance Working Group (DSFWG) has introduced a self-assessment tool for companies to measure the maturity of their

Dubai

Fintech Galaxy Appoints Salt Edge’s Senior Execs As Its New COO and CFO

Open banking platform Fintech Galaxy announced the addition of executive team members as it looks to ramp up its product

Abu Dhabi

Abu Dhabi’s ADQ Launches US$200M Fund for Early Stage Startups

Abu Dhabi sovereign wealth fund ADQ has launched a new venture capital firm called Further Ventures, serving as the anchor

Dubai

Meet the 21 Startups in DIFC’s 2022 Fintech Accelerator Bootcamp

The Dubai International Financial Centre’s (DIFC) Fintech Hive has launched Sprint B of its 2022 Fintech Accelerator Programme featuring 21

Israel

Noble Raises US$18M Series A to Expand Its Credit Products Platform to the US

Tel Aviv-based fintech Noble, the no-code platform for credit products, has raised US$18 million in Series A funding led by

Dubai

Dubai’s noqodi Partners With Mastercard to Enable Contactless Payments

Dubai-based payments company noqodi has partnered with Mastercard to allow consumers and businesses to make and accept contactless payments. The

Israel

eToro Adds ESG Scores to 2,700 Stocks

Israeli social investing platform eToro has added environmental, social, and governance (ESG) scores for over 2,700 stocks on its platform,

Iran

Iran Begins Piloting Its CBDC “Crypto-Rial”

The Central Bank of Iran (CBI) will start piloting the use of the “crypto-rial” — its central bank digital currency

Dubai

Binance Bags License to Offer More Virtual Asset Services in Dubai

Crypto platform Binance has received the Minimal Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA), after receiving

Abu Dhabi Israel

eToro Gets ADGM’s In-Principle Approval to Operate as an Investment Broker

Israeli social investing platform eToro has received an in-principle approval from the Abu Dhabi Global Market (ADGM) to operate as

Abu Dhabi

Verity Launches Family Banking App, Visa Debit Card for Kids and Teens

Verity has launched its family banking and financial literacy app, with a prepaid Visa card to enable children from the

Saudi Arabia

Saudi Central Bank Grants Payment Licenses to Arab Sea Financial Company and Fatoraah

The Saudi Central Bank (SAMA) has granted e-commerce payment licenses to Arab Sea Financial Company and Fatoraah, bringing the total

Dubai

Wio Bank Launches in the UAE With Digital Banking App for Startups and SMEs

Wio Bank has officially launched in the UAE with its first digital banking app Wio Business that aims to serve

Dubai

IDnow is Supporting the IATA’s Vision of a Digital Identity System for Airports

Dubai-based identity proofing solutions provider IDnow announced its participation in the International Air Transport Association’s (IATA) Accelerate@IATA 2022 accelerator programme.

Dubai

Emirates NBD Launches API Developer Portal With Access to APIs in 6 Categories

UAE banking group Emirates NBD has launched Emirates NBD API Souq, a financial Application Programming Interface (API) developer portal to

Dubai

MBRIF Alumni Direct Debit Marketplace Launches to Facilitate Recurring Payments

UAE fintech Direct Debit Marketplace has launched a platform to allow merchants to accept direct debits for recurring payments such

Abu Dhabi

Klickl Gets ADGM Approval to Operate as a Crypto Broker-Dealer and Custody Provider

Klickl is the latest cryptocurrency platform to receive the in-principle approval (IPA) of the Financial Services Permission (FSP) from Abu

Egypt Jordan

liwwa Secures US$18.5M to Grow Its P2P Lending Platform and Expand in Egypt

Amman-based lending fintech liwwa has secured US$18.5 million in its Pre-Series B fundraising round. The company lends to small and

Abu Dhabi Dubai

Digital Banking Adoption Soars in the UAE

In the United Arab Emirates (UAE), rapid digital adoption brought about the COVID-19 pandemic has accelerated the continued interest in

Dubai Jordan

UAE-Based Payments Startup Ziina to Expand Digital Wallet Offering to Jordan

UAE-based payments start-up Ziina has announced plans to expand to Jordan. The company previously launched their digital wallet in February 2022

Dubai

Emirates Development Bank Now Offers up to AED 5 Million in Loans on Its App

Emirates Development Bank (EDB) announced a new lending feature offered in partnership with peer-to-peer (P2P) lending platform Beehive that allows SMEs