Posts From Fintechnews Middle East
SC Ventures Sets Up Digital Asset Joint Venture in Dubai
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, is partnering with SBI Holdings, a Japanese financial conglomerate, to establish a Digital Asset Joint Venture investment company in the United Arab Emirates (UAE). The parties intend to capitalise the
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Raiven Capital Launches New USD 125M Startup Fund in Dubai
Raiven Capital announced the launch of a new USD 125M venture capital fund in Dubai International Financial Centre (DIFC). The fund will focus on founders developing tech in AI, Internet of Things and Distributed Ledger Tech, with a particular emphasis
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6 Fast-Growing Proptech Startups in the UAE to Watch
Property technology, also referred to as proptech, has been on the rise globally for the sector’s potential to transform the real estate industry by making it more accessible, efficient and sustainable. In the Middle East, the trend is rapidly picking
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State of Climate Tech VC Report: US$ 651 Million Invested into MENA and Türkiye Startups
CE-Ventures, the corporate venture capital platform of Crescent Enterprises, has partnered with MAGNiTT to unveil ‘The State of Climate Tech Venture Capital Report’. The report delves deep into the dynamic landscape of climate tech investments in the Middle East and
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The First Shari’a-Compliant Digital Bank Launched in Kuwait
In a special ceremony, Kuwait Finance House (KFH) has announced the launch of its first Shari’a-compliant digital bank in Kuwait, called Tam Digital Bank. The ceremony was attended by KFH Chairman, Hamad Abdulmohsen Al Marzouq, members of the Board of
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Qatar’s CQUR Bank Selects Finastra to Transform Corporate Client Online Banking
Finastra announcesd that CQUR Ban has partnered with Finastra to deliver on its technology strategy. With the implementation of Finastra’s solutions, Trade Innovation and Corporate Channels, CQUR Bank will offer its corporate clients a new online banking portal for a
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Investment Arm of King Saud University Invests into Flat6lab’s Startup Seed Fund
Riyadh Valley Company, the investment arm of King Saud University and a prominent player in the investment landscape of Saudi Arabia, is delighted to announce its strategic investment in Flat6Labs’ Startup Seed Fund. This investment marks a significant milestone in
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DIEZ Launches AED500 Million Venture Capital Fund for Startups
Dubai Integrated Economic Zones Authority (DIEZ) announced the launch of a venture capital (VC) fund worth AED500 million. Launched in the presence of His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, the fund
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Abu Dhabi Introduces Worlds First DLT Foundations Regime
The Registration Authority of Abu Dhabi Global Market (ADGM) officially released the Distributed Ledger Technology Foundations Regulations 2023, marking a significant milestone in the evolution of digital assets regulatory frameworks across the region and at an international level. This newly
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Unlocking the Future of Consumer Lending with AI and Automation
With the ever-evolving landscape of financial technology, consumer lending has never been more accessible and efficient – in large part, due to fintech innovation. With a global consumer credit market size of US$11 billion, rapidly growing middle classes in emerging
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