Archive
Airome Technologies Recognised as Gartner’s User Authentication Market Leader
Airome Technologies, a Singapore-based developer of cybersecurity solutions for digital banking and e-document management systems, was announced as a representative vendor by Gartner. The Vendor Identification for User Authentication 2021 report contains a comprehensive list of user authentication vendors who
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Amidst Record Global Fintech Investment, Middle East Sees Surge
Record levels of VC funding made their way to fintechs in the MENA region, amidst a global fintech investment boom. Global fintech investment in H1 this year reached a record US$98 billion, according to KPMG’s biannual fintech investment report Pulse
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Personal Finance Platform Sarwa Secures US$15 Million Series B
Dubai-based personal finance and investment platform Sarwa has gathered US$15 million in a Series B round of funding, the company announced in a statement. Abu Dhabi’s sovereign investment firm Mubadala Investment Company led the round. Participating investors included 500 Startups,
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Israel’s OurCrowd and the Azerbaijan Investment Company Sign MoU
Israeli venture investing platform OurCrowd has signed an MoU with the Azerbaijan Investment Company (AIC) to bolster strategic investments by the Government of Azerbaijan in OurCrowd’s portfolio. The agreement is the first of its kind since Azerbaijan opened its Trade
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The Ultimate Snapshot of Fintech in 10 Arab Countries
The Arab Monetary Fund (AMF) recently released the second edition of The Arab Region Fintech Guide. The report discussed the current state of fintech in Arab countries. It features contributions from various central banks in the Arabian peninsula, as members
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Amid BNPL Boom, UAE’s tabby Picks Up US$50 Million Funding
UAE-based buy now pay later (BNPL) company tabby has secured US$50 million in its latest round of funding, according to a statement by the company today. The Series B round was led by Global Founders Capital and STV. Delivery Hero,
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Payit and PLATX Launch UAE’s First WhatsApp-Enabled Payment Solution
First Abu Dhabi Bank (FAB)-owned digital wallet Payit has announced a partnership with digital support services provider PLATX Omni Channel Conversational Commerce to provide a first-of-its-kind solution for UAE-based merchants. The two companies will enable merchants to collect customer payments
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9 Startups Lead Saudi Fintech Startup Funding in H1 2021
The first half of 2021 has been eventful for Saudi fintech startup funding. H1 saw deal sizes ranging from as little as US$670,000 to a hefty US$110 million. Moreover, ranking second by funding in the MENA region, VC funding increased
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POSRocket Fetches US$5 Million for Cloud-Based Point-of-Sale Software
Jordanian point-of-sale platform POSRocket has secured US$5 million in their latest funding round, the company announced in a statement today. Investors Finance in Motion, Algebra Ventures, Vision Ventures, Khwarizmi Ventures, Edgo group, Innovative Startups And SMEs Fund (ISSF), Etihad Bank,
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UAE-Based “Robinhood” Style Fintech baraka Raises US$4 Million
UAE-based fintech baraka has raised US$4 million in a seed stage round, the company announced today. The round was raised from Y Combinator, Global Founders Capital, Raptor Group, Tribe Capital, and Nuwa Capital. Existing investors FJ Labs, VentureSouq, and Class
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