Posts From Fintechnews Middle East
Saudi Venture Capital Invests $5 Million into Venturesouq Early Stage Fintech Fund
Saudi Venture Capital (SVC) has made a $5 million investment in a fintech fund managed by VentureSouq (VSQ), primarily targeting early-stage fintech startups. This investment initiative was reported by SVC. According to the press release, the subscription agreement was signed
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24 Startups Join Flat6Labs’ StartMashreq Growth Track Program
Flat6Labs, a seed and early-stage venture capital firm for MENA, announced the selection of 24 startups for its StartMashreq Growth Track program. The startups – founded in Jordan, Lebanon & Iraq – operate in diverse sectors such as fintech, healthtech,
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Toko and Virtuzone Sign Collaboration to Launch Dubai’s First Tokenised Equity Crowdfunding Platform
TOKO FZE born out of global law firm DLA Piper, announces a strategic partnership with Virtuzone to form an equity crowdfunding platform in Dubai. TOKO is one of the first companies in Dubai to be granted full market Virtual Asset
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UAE Fintech MyZoi Raises $14M From SC Ventures and SBI Holdings
myZoi, an UAE based fintech focused on financial inclusion and financial literacy for the underbanked, has raised USD 14 million from SC Ventures and SBI Holdings, as it obtains two regulatory licenses from the Central Bank of the UAE. These
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Saudi Fintech Sector Doubles in Size
Saudi Arabia’s fintech sector is growing at a fast pace, doubling in size in the span of just a couple of months. As of the end of 2022, the country was home to 89 fintech companies, a number that soared
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Innovation Fund of Emirates NBD Makes a Strategic Equity Investment into Trade Finance Company Komgo
Emirates NBD has invested in Komgo, a leading software development and technology services company transforming the trade finance industry. The strategic equity investment was made by Emirates NBD’s Innovation Fund, the Bank’s corporate venture fund. Created earlier this year, the
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UAE Digital Real Estate Investment Platform Enters Fintech Lab in Saudi Arabia
Stake, Dubai based digital real estate investment platform, has obtained the approval from the Capital Markets Authority (CMA) in Saudi Arabia to enter its Fintech Lab and plans to launch KSA real estate investment opportunities on its app by the
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J.P. Morgan Payments Partners in Middle East with Network International
Network International (Network), an enabler of digital commerce across the Middle East and Africa (MEA) region, has announced a partnership with J.P. Morgan Payments to strengthen the bank’s acquiring offering. J.P. Morgan Payments operates in over 160 countries and over
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MENA Gen Z Consumers Favor Mobile Wallets as Preferred Payment Method
In the Middle East and North Africa, Generation Z (Gen Z) members are showing preference for digital payments methods over cash, identifying cards and mobile wallets as their favored and most used payment methods, a new study conducted by Sixth
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First Digital Bank Launched in Turkey
Anglo-Turkish fintech venture Colendi is launching Turkey’s first digital deposit bank after approval from the Banking Regulation and Supervision Agency (BRSA). “We are thrilled to obtain authorisation for the establishment of a digital deposit bank, ushering in a new era
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