Archive
M2P Solutions and Buckzy to Provide Cross-Border Payments for MENA Partners
Middle East and Asia-based API infrastructure company M2P Solutions announced a strategic partnership with Canadian payment solutions provider Buckzy Payments to provide cross-border payments in the MENA region. The company’s MENA-based partners will be able to use M2P’s platform to
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Egyptian Banks Launch EGP 1 Billion Egypt Fintech Fund
Three Egyptian banks will be launching an Egypt fintech fund of EGP 1 billion (US$63.6 million) to support fintech companies next month, according to a recent statement. The three banks are National Bank of Egypt, Banque Misr, and Banque du
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UAE Social Marketplace Zbooni Closes US$9.5M Series A
UAE-based social commerce and payments platform Zbooni has closed its Series A round with a second tranche of US$4.5 million. This brings its total Series A fundraise to US$9.4 million, the company said in a statement. The round was raised
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7 Popular Middle East Fintech Trends 2021
The Middle East fintech sector is undergoing a period of incredible transformation. From fintech funding upsurges, to rising fintech adoption, growing financial inclusion and a growing number of homegrown startups, Middle East fintech is evolving rapidly and in many directions.
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MEA Fintech Weekly News: Dubai Gets Regulatory Nod for Crypto Trading
In last week’s MEA fintech news, it’s all eyes on crypto trading in the UAE – approvals for crypto trading at a Dubai-based free zone make their way through, while BitOasis registers on an anti-money laundering system in the country.
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Pakistan Digital Banking Startup Secures Record Seed Round
Pakistani digital banking startup Tag has secured over US$12 million in the largest seed funding round to have taken place in South Asia. With the fundraise, Tag’s valuation now stands at US$100 million, TechCrunch reported, with the company closing the
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Turkish Microlender Colendi Raises US$30M
Colendi, a Turkey-based micro lending and credit scoring fintech company, has picked up US$30 million in a Series A round of funding, according to local news reports. The Series A round was led by Re-Pie Asset Management Company, a Turkish
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Velmie Extends Its Banking Software with Cross-Border Transfers
Velmie, a fintech and banking software provider, has introduced an FX and cross-border transfers module connected to market-leading providers such as Currencycloud, Rapyd, Nium and others. Its white-label platform is now able to support cross-border payments and money transfers with
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Ecommerce and BNPL Spearhead MENA Payments Sector
The MENA payments sector is continuing its accelerated growth curve sparked last year. Driven by booming ecommerce adoption and a growing fintech ecosystem, the region is seeing tailwinds in paytech and cashless trends. According to Checkout.com’s 2021 report on ‘Digital
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MEA Fintech Weekly News: Melio’s Valuation Soars After US$250M Funding
In last week’s MEA fintech news, we saw US-Israeli fintech startup Melio raise a quarter billion dollars at a hefty valuation, while another US-Israeli fintech company Pagaya announced its SPAC listing. Elsewhere, Nigeria emerged the top funded fintech hub in
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