Archive
Israel API Developer Weav Acquired for US$50 Million
US-based fintech company Brex has acquired Israeli Application Programming Interface (API) developer Weav for US$50 million, according to a recent statement. The acquisition marks Brex’s entry into Israel. Weav’s co-founder and CEO Nadav Lidor will helm Brex’s team in Israel.
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Arab Bank Launches Fintech Accelerator in Egypt
Jordan’s Arab Bank has launched a corporate fintech accelerator in Egypt, according to a recent announcement by the bank. The AB Accelerator, which was initially launched in Jordan in 2018, is a part of Arab Bank’s efforts to develop fintech
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ADGM Launches 5th Fintech Abu Dhabi Innovation Challenge
The Abu Dhabi Global Market (ADGM) has launched the fifth edition of its flagship initiative Fintech Abu Dhabi Innovation Challenge. The challenge is part of the upcoming Fintech Abu Dhabi festival to be held in November this year. The ADGM
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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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14 Top Funded Fintechs in the Middle East 2021
It has been a year of wins so far for MENA-based fintechs, with a handful of top funded fintechs in the Middle East securing deals as well. Middle Eastern fintech startups having already raised record levels of VC funding in
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dopay Acquires Banking Licence Through Bank ABC Egypt
Payments fintech dopay has secured a banking agent licence from Bank ABC Egypt for a virtual banking platform, a statement from the company said. The collaboration will allow dopay to offer its B2B payment and banking platform for SMEs and
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Gen Z, Millennials Drive Saudi Fintech Adoption
Cash usage is declining amongst growing Saudi fintech adoption, according to the findings of Fintech Saudi’s National Fintech Adoption Survey. Fintech Saudi announced the results of the National Fintech Adoption Survey, which it conducted in early 2021. The survey assesses
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How Fawry Became Egypt’s First Fintech Titan
In August last year, Fawry made headlines as Egypt’s first tech company to lay claim to unicorn status. The financial services company, which offers its solutions to consumers and businesses both, processes three million transactions daily, it claims on its
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