Abu Dhabi
Velmie Extends Its Banking Software with Cross-Border Transfers
Velmie, a fintech and banking software provider, has introduced an FX and cross-border transfers module connected to market-leading providers such as Currencycloud, Rapyd, Nium and others. Its white-label platform is now able to support cross-border payments and money transfers with
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ADGM Introduces Changes to VC Managers Framework
The Abu Dhabi Global Market (ADGM) recently held a webinar on the “New ways of VC Financing in ADGM.” The webinar discussed the VC landscape in terms of ADGM’s VC Managers Framework and perspectives from investors. Dr. Bhaskar Dasgupta, Associate
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4 Payment and Security Trends in the UAE
In the United Arab Emirates (UAE), the COVID-19 pandemic has been a catalyst of change in the payment industry landscape, a new reality that’s here to stay, recent research shows. Over the past two years, the total value of digital
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Emirati Insurtech Klaim Raises US$1.6 Million
UAE-based healthcare financing solution Klaim has fetched US$1.6 million in a pre-Series A funding round, according to an announcement by the company. The round was led by Mad’a Investments, a private equity firm in Saudi Arabia. It also received participation
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The Rise of Paytech in the UAE
Paytech in the UAE is one of the top emerging opportunities being eyed by startups, financial institutions and investors. Demand for finance apps in the country was already on the uptake. In Q1 this year, demand for these apps climbed
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PayMate Launches in the UAE
Indian B2B digital payments company PayMate has announced its entry into the UAE market. The company will be stepping foot into the UAE in collaboration with Visa and Citi, according to a statement. The move is part of an existing
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Emirati Insurtech Startup hala Secures US$5 Million Funding
hala, an Abu Dhabi-based insurtech company, has secured US$5 million in a fresh fundraise, the company announced in a statement. The round was led by Entrée Capital, and saw participation from Mubadala Investment Company, EQ2 Ventures, Global Founders Capital, 500
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Abu Dhabi Islamic Bank Launches Amwali, an Islamic Digital Bank for Gen Z
Abu Dhabi Islamic Bank (ADIB) has launched Amwali, the world’s first Islamic digital bank for young people, according to an announcement. The UAE-based Islamic financial institution unveiled a suite of banking products and technology under the Amwali digital bank, for
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ADGM Launches 5th Fintech Abu Dhabi Innovation Challenge
The Abu Dhabi Global Market (ADGM) has launched the fifth edition of its flagship initiative Fintech Abu Dhabi Innovation Challenge. The challenge is part of the upcoming Fintech Abu Dhabi festival to be held in November this year. The ADGM
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Personal Finance Platform Sarwa Secures US$15 Million Series B
Dubai-based personal finance and investment platform Sarwa has gathered US$15 million in a Series B round of funding, the company announced in a statement. Abu Dhabi’s sovereign investment firm Mubadala Investment Company led the round. Participating investors included 500 Startups,
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