Abu Dhabi
Edfundo Is the Newest Youth Neobank in the UAE
Edfundo, a youth-focused neobank, will be launching in the UAE early next year, according to a statement from the company. Edfundo is a tween and teen-focused smart money management app built by UAE-based teachers and co-founder CEO Simon Wing and
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Where Can You Make Crypto Investments in the UAE?
Crypto investments have been gathering attention in the Middle East, and developments in this space have been especially accelerated in the UAE over the past few years. According to a 2021 YouGov survey, one in four people in the UAE
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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 by Jordan-based Ahli Fintech, with participation from Raz Holding Group, OMQ Investments, Egypt’s EFG EV Fintech and INSEAD Saudi Angel
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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 in Series C funding. The latest fundraising round was led by Owl Capital and included the Mubadala-backed US$ 1 billion
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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 indicate that 72% of UAE residents use digital banking services at least once a week, with nearly a fourth using
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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 Arabia. Newer companies are emerging, and funding is making its way through. Fintech funding in H1 2021 represented the highest
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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 statement. Chicago-based VC firm Jump Capital and UAE-based existing backer Wamda Capital co-led the round. It also featured new participating
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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 presence. The report outlined the top Islamic banks in the MENA region by media visibility and favourability. The report studied
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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) – have been heavily active in promoting fintech within the country, and setting the stage for more fintech startups to emerge.
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UAE Social Marketplace Zbooni Closes US$9.5M Series A
UAE-based social commerce and payments platform Zbooni has closed its Series A round with a second tranche of US$4.5 million. This brings its total Series A fundraise to US$9.4 million, the company said in a statement. The round was raised
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