Fintech News Middle East

Spendwisor Raised Additional 35 Million USD

The recent agreement signed between Spendwisor Inc. and Gem Global Yield LLC SCS (GEM) to increase the existing facility size

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Report: Adopt an Agile Digital Banking Platform

CR2’s latest market insight report, ‘Adopt an Agile Digital Banking Platform’ has been written in collaboration with Stessa Cohen, an

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Entrepreneurship Arm of Saudi Aramco to Launch Fintech Accelerator Program

Wa’ed, the entrepreneurship arm of Saudi Aramco, has collaborated with Fintech Saudi as a strategic partner, along with regional seed

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Personetics Secures US$85 Million Investment From Thoma Bravo

Personetics, a provider of data-driven personalization solutions, announced it has raised US$85 million from software investment firm Thoma Bravo. The

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Bahrain Crypto Exchange Rain Raises USD 110 Million in Series B

Bahrain based crypto exchange Rain Financial has raised USD 110 million in Series B funding, the company announced this week.

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Top 14 Most Well-Funded Fintech Startups in MENA

Forbes Middle East has released its annual ranking of the Top 50 Most-Funded Startups in the Middle East and North

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Saudi’s Social Trading Platform Dawul Raises $5 Million in Seed Round

Riyad-based social trading platform Dawul announced last week it has raised $5 million in a seed round led by RAED

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The Bank Branch of the Future: Consumers Prefer Hybrid Experiences

Digital banking has been displacing many branch interactions in the move towards digital. As consumers increasingly engage with their banks

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GoDaddy Joins Forces to Offer Payment Soultions in MENA

GoDaddy is working in partnership with MyFatoorah in the Middle East and North Africa (MENA) region, to offer new payment

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Central Bank of Bahrain Completes Test With Blockchain Based JP Morgan Coin System

As part of the Central Bank of Bahrain’s (CBB) vision to improve customer experience for safe and efficient settlement solutions,

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Binance Got In-Principle Approval as a Crypto-Asset Service Provider in Bahrain

Binance has received in-principle approval from the Central Bank of Bahrain (CBB) to establish itself as a crypto-asset service provider

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6 Fintech Companies in Bahrain You Should Follow in 2022

Bahrain has emerged as a key destination for fintech initiatives in the MENA region, and fintech companies in Bahrain are

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Year End Message to Our Readers – Offline From 23rd December to the 2nd January

Fintech News Middle East would like to take this opportunity to wish all our readers a Merry Christmas and a

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Arab National Bank to Build Open Hybrid Cloud Capabilities With Red Hat

Saudi Arabia-based Arab National Bank has signed on US-based open source solutions provider Red Hat, Inc., for the latter’s open

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Here Are the Key Findings From OneSpan’s Global Financial Regulations Report

OneSpan recently released its second annual Global Financial Regulations Report, that outlines major developments in the regulatory landscape. In conjunction

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Dubai World Trade Centre to Start Regulating Crypto and Virtual Assets

The Dubai World Trade Centre (DWTC) has announced that it will be working as a comprehensive zone and regulator for

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Checkout.com Records 75% Annual Growth Across MENA Region

Global payment gateway solutions provider Checkout.com saw “record-breaking payment processing growth” this year. Checkout.com posted an increase of nearly 75%

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Saudi Arabia Startups See Best Ever Funding Quarter in Q3

Saudi Arabia startups raised US$205 million across 34 deals in Q3, their best ever quarter in terms of funding, according

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Tutuka, Paymentology Merge to Form New Payments and Card Processing Powerhouse

Issuer processors Paymentology and Tutuka announced that both entities are merging to create a new payments and card processing powerhouse.

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Fintech Digest: Mubadala Remains Optimistic About Crypto Investments

Abu Dhabi’s sovereign wealth fund Mubadala has made investments in the crypto ecosystem amidst its growing value, Reuters reported. “This

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Pakistan’s Digital Ledger CreditBook Picks Up US$11m From Tiger Global and Others

Pakistan-based digital bookkeeping solution CreditBook has raised US$11 million in a pre-Series A round. The round was led by Tiger

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These 4 Startups Are Powering Open Banking in the Middle East

Open banking is one of the top fintech trends to have swept the Middle East. The opportunity for open banking

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Israeli Challenger Bank First Digital Bank Raises US$120m Series A

AI-based Israeli digital bank First Digital Bank has secured US$120 million in a Series A equity round. The 2019-founded digital

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Top Payment and Ecommerce Trends in the Middle East

The payment and ecommerce revolution has been a bit delayed in the Middle East, compared to tech hotspots in the

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Rapyd to Set Up Base in Dubai Amid Staffing Crunch

Israeli payment solution provider and fintech unicorn Rapyd is opening an office in Dubai as it aims to resolve a

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AMF’s Buna and Mastercard to Provide Interoperable Services Through MoU

The Arab Monetary Fund (AMF) and Mastercard have signed an MoU to allow for interoperability between Mastercard and Buna, the

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Crypto Exchange Binance Could Soon Set Up a Global Headquarters in Dubai

Global cryptocurrency exchange Binance is likely to soon sign an MoU with the Dubai government for crypto-related activities. The emirate

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UAE’s Lnddo Partners With Mambu for Cloud-Native SME Solutions

UAE-based lending platform Lnddo has partnered with global SaaS cloud banking platform Mambu to develop a scalable digital lending solution

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Watch Out for These 7 Homegrown Robo-Advisory Platforms in the Middle East

Robo-advisory platforms in the Middle East are quickly taking off, with a number of local players having recently joined the

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Fintech Digest: South Africa Gears up for New Crypto Regulatory Framework

South Africa will be launching a new regulatory framework for cryptocurrencies in early 2022 (Bitcoin.com). The country’s Financial Sector Conduct

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