Posts From Fintechnews Middle East
Fintech Continues to Gain Momentum in the Middle East and Turkey
In the Middle East and Turkey, young and tech-savvy consumers are driving demand for fintech products and services. Mastercard researches show that not only usage of fintech solutions is raising in the region, but digital tools are also becoming a
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Mastercard Invests in Egyptian VC Firm Nclude
Mastercard has invested in Nclude, a fintech-focused VC investment platform launched in partnership with Egyptian banks Banque Misr, Banque Du Caire and the National Bank of Egypt. Founded in 2022, the company has received US$100 million in funding from the
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Top 8 MENA Fintech Funding Rounds With Corporate VC Investment in H1 2022
Corporate venture capital (CVC) deals declined on the whole in terms of number and volume in the first half of 2022, though the average deal size increased to US$35 million in the second quarter of the year. This is according
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Five FS Launches in the UAE and Saudi Arabia After Closing US$3.5M Seed Round
Dubai-based financial services platform Five FS has launched in the UAE and Saudi Arabia, and raised US$3.5 million in seed funding led by Romanian vc firm Zeyshare Ventures at a US$30 million valuation. Five FS helps users get better offers
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Amazon Launches Intellectual Property Accelerator for SMEs in the UAE
Amazon has launched an Intellectual Property (IP) Accelerator programme in the UAE to connect small and medium-sized enterprises (SMEs) with a curated network of IP law firms. The accelerator, which is available to any brand selling on Amazon.ae, aims to
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UAE Money App Mamo is Now Licensed to Offer Payment Services in the DIFC
Dubai-based money app Mamo has been granted a license by the Dubai Financial Services Authority (DFSA) to operate within the Dubai International Financial Centre (DIFC), a special economic zone and leading financial hub in the Emirates. The company was previously
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Binance’s MENA Sign Ups Grew 49% YTD With New License, Hires and Partnerships
Crypto giant Binance says that it has seen a 49% increase in user sign-ups year-to-date across the Middle East and North Africa in a blog post sharing the company’s progress in the region. Its Dubai office has grown to over
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OneConnect Establishes Regional Office in ADGM to Offer Digital Banking Solutions
Chinese financial technology company OneConnect has launched a regional operations hub in the Abu Dhabi Global Market (ADGM) to introduce its digital banking solutions. OneConnect and the ADGM previously worked together on the ADGM Digital Lab, a marketplace and industry sandbox
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MoneyGram Acquires 12% Stake in UAE Mobile Payment App Jingle Pay
P2P payments company MoneyGram International and Dubai-based Jingle Pay have entered a partnership to enable consumers in the UAE to send money in near real-time to over 200 countries and territories. Founded in 2019, Jingle Pay’s mobile payment platform —
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6 Middle East Fintech Startups on CB Insights’ Fintech 250 Most Promising List
Six fintech startups from the Middle East made this year’s Fintech 250, CB Insights’ annual list of the 250 most promising private fintech companies in the world. The 250 winners were selected from a pool of over 12,500 eligible private
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