Posts From Fintechnews Middle East
UAE’s Fintech Galaxy Raises US$2m For Open Finance Platform
Fintech Galaxy has raised US$2 million in a seed round, according to a recent statement. The funding round was led by Jordan-based Ahli Fintech, with participation from Raz Holding Group, OMQ Investments, Egypt’s EFG EV Fintech and INSEAD Saudi Angel
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The 5 Digital Banks in Saudi Arabia You Need to Know
Digital banking in Saudi Arabia is at a particularly interesting junction right now. Much has been said about how the country is at the precipice of a banking revolution, but the results have perhaps been slow to show. There’s a
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Halo Investing Bags Over US$100 Million Series C, Plans to Set up Office in the UAE
Halo Investing, a Chicago-based multi-issuer technology platform for protective investment solutions, announced that it has raised over US$ 100 million in Series C funding. The latest fundraising round was led by Owl Capital and included the Mubadala-backed US$ 1 billion
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MEA Fintech Weekly News: Are Neobanks the Next Big Thing for Nigeria?
This week marked a new win for digital banks in Nigeria. Neobank Sparkle raised US$3.1 million in a seed round for expansion efforts (TechCrunch). Founded by former CEO of Diamond Bank Uzoma Dozie, Sparkle provides both individual and business banking
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DIFC and CBUAE to Develop Joint Fintech Initiatives
The Central Bank of the UAE (CBUAE) and the Dubai International Financial Centre (DIFC) will be partnering to promote fintech development in the UAE. The two financial authorities have signed an agreement to collaborate over joint fintech initiatives and activities.
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9 Upcoming Fintech Events to Attend in Dubai and Abu Dhabi
The UAE is one of the top trending regions for fintech in the Middle East, aside from Bahrain and Saudi Arabia. Newer companies are emerging, and funding is making its way through. Fintech funding in H1 2021 represented the highest
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MEA Fintech Weekly News: Nigeria to Closely Scrutinise Fintech Startups
In last week’s MEA fintech news, the Central Bank of Nigeria (CBN) has once again hinted that it will be keeping a close watch on fintech startups in the country. At a recent seminar, Director of the Banking Supervision Department
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Crypto Platform BitOasis Fetches US$30m Series B for MENA Expansion
UAE-headquartered digital asset trading platform BitOasis has closed its Series B fundraise at US$30 million, the company said in a statement. Chicago-based VC firm Jump Capital and UAE-based existing backer Wamda Capital co-led the round. It also featured new participating
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The State of Fintech in Qatar: Report
Local authorities are looking to boost the competitiveness of fintech in Qatar, regionally and globally, according to a new whitepaper by Qatar Fintech Hub. The country currently has 17 banks – 5 conventional, 4 Islamic, 7 foreign bank branches, and
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These Are the Most Popular Islamic Banks in the MENA Region
According to a new report by Carma, Kuwait Finance House (KFH) is the most popular MENA-based Islamic bank by media presence. The report outlined the top Islamic banks in the MENA region by media visibility and favourability. The report studied
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