Posts From Fintechnews Middle East

Apex Group Expands Across the Middle East With New Saudi Arabia Office

Global financial services provider, Apex Group, has launched a new office in the Kingdom of Saudi Arabia, further expanding its footprint across the Middle East. Regulated by Saudi’s Capital Market Authority, Apex Saudi Arabia will provide a full range of

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Top 10 Fintech Events in Saudi Arabia in H2 2024

Saudi Arabia’s fintech industry has surged over the past years, with the number of companies operating in the sector more than doubling in 2023 compared to the end of 2022, Ayman Al-Sayari, governor of the Saudi Central Bank (SAMA), told

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Egyptian Financial Management Platform Swypex Secures $4 Million Seed Round

Swypex announced its launch following a $4 million seed investment round, led by the renowned venture capital fund Accel. This marks Accel’s first fintech investment in the region. The investment also included participation from Foundation Ventures, The Raba Partnership, and

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Chris Skinner Co-Founds Fintech Startup in Egypt

Ramses, an American Fintech startup, revealed its strategy for the upcoming period. The Company aims to establish its business model in Egypt and Sudan in 2024, while also focusing on expansion and entering new markets across Africa and the Middle

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The Top 13 Fintechs From Egypt

Forbes Middle East has released its annual selection of the Middle East’s top fintech companies, highlighting the 50 biggest and fastest-growing public and private fintech firms in the region. The 2024 Fintech 50 list showcases key players reshaping the fintech

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Ant International to Expand Into Saudi Arabia

The Ministry of Investment of Saudi Arabia (MISA) has signed a Memorandum of Understanding (MoU) with Ant International, to facilitate the business expansion into the Kingdom. Ant International’s President, Douglas Feagin, met with Mr. Eng Saleh Khabti, Deputy Minister of

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Austrian Crypto Platform Bitpanda Expands Into the UAE

On of the largest European crypto platform and infrastructure provider Bitpanda has announced plans to expand to the Middle East, with the launch of Bitpanda MENA. Bitpanda will match the region’s ambitions and provide the infrastructure necessary to power future

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Saudi Robo Advisor Abyan Capital Secures $18 Million Series A

Abyan Capital, the first robo-advisory company to launch in Saudi Arabia, announced the closing of a SAR68 million ($18 million) Series A round led by STV with participation from Wa’ed Ventures and RZM Investment. Since its launch in 2022, Abyan

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Checkout.com and Mastercard Partner to Bring Virtual Cards to Online Travel Agents

Checkout.com, a leading global digital payments provider, has announced a partnership with Mastercard to bring virtual cards to Online Travel Agents. As part of the Mastercard Wholesale Program, which reduces costs for travel businesses through virtual card technology and an

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UAE Central Bank Issues Open Finance Regulation: DLA Piper

The Central Bank of the United Arab Emirates (CBUAE) issued on April 23 two new fintech regulations, introducing the Open Finance Regulation and the Sandbox Conditions Regulation, a new post published by global law firm DLA Piper says. These regulations

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