Bahrain
Arab Financial Services to Gain Capital Boost of US$98 Million
Digital payment solutions provider Arab Financial Services plans to raise US$98 million to boost revenue growth and strategic expansion. Shareholders of the company approved plans to increase the company’s authorised share capital to US$150 million, and its issued and paid-up
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Crypto Platform CoinMENA Picks Up US$9.5m Seed Funding
Bahrain-headquartered crypto trading platform CoinMENA has fetched US$9.5 million in seed funding, according to a statement. This is the first seed round to have been raised by the company. It is also one of the largest seed rounds to have
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Cashless Payments in Bahrain Hit US$3.62B in H1 2021
Cashless payments in Bahrain jumped to US$3.62 billion in H1 2021, according to the latest figures from the Central Bank of Bahrain (CBB). Over 53 million digital payment transactions were recorded in the country during the period. The boom in
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Finleap and Batelco Partner to Boost Open Banking in the MENA Region
European fintech ecosystem builder finleap entered into a strategic partnership with Bahraini telecoms company Batelco, according to an announcement earlier this week. The partnership is aimed at promoting open banking in the MENA region. Batelco recently became the first GCC-based
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Ajar Expands Its Proptech Platform to Bahrain
Rental collection platform Ajar has expanded its operations to Bahrain, according to a recent announcement. With a presence in Kuwait and the UAE, the company will now offer its property management and rent collection in the Kingdom of Bahrain. The
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National Bank of Bahrain Kickstarts Digital Banking Challenge
The National Bank of Bahrain (NBB) has partnered with Bahrain Fintech Bay to launch a Digital Banking Challenge, according to a statement. The challenge is aimed at bolstering the digital capabilities of Bahraini youth, and enabling them to explore emerging
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5 Fintech Initiatives to Follow in Bahrain
From a digital currency project, to a fintech innovation challenge, here’s what’s transpired for fintech in Bahrain during the year so far. Bahrain’s focus on the fintech sector is putting the country on the map as a hub for fintech
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ZurichPro Expands Digital Capabilities With 360F
Zurich International Life announced that it has expanded ZurichPro’s digital capabilities in partnership with Singapore-headquartered automated advisory fintech 360F.The move will especially service in-force policies, reviewing their sustainability with re-illustration functionalities. 360F’s modern pricing engine, built for the initial launch
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Bahrain Named World’s Most Financially Attractive City for 3rd Consecutive Year
Bahrain has topped the globally recognised AIRINC Global 150 Cities Index financial attractiveness ranking for the third straight year, which saw impressive rankings for MENA capitals, with seven leading MENA cities in the top 16 places. Aside from the capital
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NEC Payments Taps Netcetera’s 3DS 2.0 Solution for Enhanced Security
Bahrain-based payment services provider NEC Payments has selected Netcetera for its 3DS 2.0 solution, the latest in payment security protocols. NEC Payments is a rapidly growing digital banking and payment technology company that offers cloud-native banking-as-a-service in the Middle East.
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