Posts From Fintechnews Middle East
Fintech Funding in Jordan Accelerates
In Jordan, fintech is emerging as one of the top investment targets for investors, attracting US$26 million in funding between 2018 and 2022 or 10% of all startup investments during the period, a new report by Magnitt, a data platform
Read More
Wio Bank Launches Mastercard Carbon Calculator
Wio Bank was created to reboot banking in the UAE for both businesses and consumers. In alignment with the UAE’s Year of Sustainability, Wio Bank has integrated the Carbon Calculator into its Wio Personal application, setting a new standard for
Read More
Indonesia and UAE Central Banks Expand MOU on Islamic Finance, Digital Innovation
The Bank Indonesia (BI) and Central Bank of the United Arab Emirates (CBUAE) have signed a Memorandum of Understanding (MOU) to enhance collaboration in various central banking sectors, including Islamic finance. This agreement, signed by BI Governor Perry Warjiyo and
Read More
UAE’s 1 Trillion AED Goal In Sustainable Finance by 2030
Coinciding with the UAE’s hosting of COP28, the Central Bank of the United Arab Emirates (CBUAE), in cooperation with the COP28 Presidency, organised an event to facilitate global climate finance solutions and progress towards a sustainable future. During this global
Read More
Qatar Central Bank Starts Receiving Applications for Loan-Based Crowdfunding Service Providers
Qatar Central Bank (QCB) has started to receive the applications for licensing and regulating the loan-based crowdfunding service providers in conformity with the strategy of financial sector and fintech in Qatar. The bank is permanently committed to regulating and developing
Read More
The Status Quo of Open Finance in the Arab World
In Arab countries, open banking is rapidly evolving into the more comprehensible model of open finance, expanding from payment accounts and related services, to a larger variety of financial services, including investments, pensions, insurance and consumer credit. With so many
Read More
SGM Will Be Home of New USD30 Billion Altérra Climate Change Fund
Abu Dhabi Global Market (ADGM), one of the principal climate finance partners of COP28, announced it will be the home of the newly launched catalytic climate vehicle ALTÉRRA established by Lunate. It will be the world’s largest private climate investment
Read More
14 Financial Institutions Confirm Setup in Abu Dhabi in One Week Including JP Morgan
Abu Dhabi Global Market (ADGM) announced during this week’s Abu Dhabi Finance Week not less then 14 major financial institutions representing a total AUM of USD 452bn have committed to establishing new operations in ADGM. A year into Abu Dhabi’s
Read More
ADGM Launches Digital SME Financing Platform Numou
Abu Dhabi Global Market introduces Numou, a digital platform tailored to bridge the funding gap faced by SMEs. This digital platform marks a pivotal step in empowering small and medium-sized businesses in the UAE. Numou aims to connect SMEs and
Read More
Flow48 Secures $25 Million Pre-series A Funding
Flow48, a Dubai-based SME lending startup, announces $25 million in pre-Series A funding. The round, comprising a mix of equity and debt, includes notable investors such as Speedinvest, Daphni, 212, Blockchain Founders Fund, Unpopular Ventures, Endeavor Catalyst, and TLG, as
Read More