Archive

Emirati Insurtech Klaim Raises US$1.6 Million

UAE-based healthcare financing solution Klaim has fetched US$1.6 million in a pre-Series A funding round, according to an announcement by the company. The round was led by Mad’a Investments, a private equity firm in Saudi Arabia. It also received participation

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Stronger Mobile Application Security Is the Key to Revenue Growth

Financial institutions have been moving towards expanding digitisation for years, offering remote banking services, and prioritising the customer experience in digital platforms. In 2020, however, the COVID-19 pandemic has dramatically accelerated this shift. With less access to bank branches, the

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Egyptian Super App MNT-Halan Bags US$120m

Egyptian financial and logistics super app MNT-Halan has secured US$120 million from private equity and venture capital investors, the company announced in a statement today. The funding was raised from Apis Growth Fund II by Apis Partners, Development Partners International,

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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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Dubai’s DIFC Now Home to Over 3000 Companies

The Dubai International Financial Centre (DIFC) has achieved its ‘2024 Strategy’ growth targets three years ahead of schedule. The 2024 Strategy was announced in 2014, and since then, the DIFC has tripled the number of active registered companies in the

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The Rise of Paytech in the UAE

Paytech in the UAE is one of the top emerging opportunities being eyed by startups, financial institutions and investors. Demand for finance apps in the country was already on the uptake. In Q1 this year, demand for these apps climbed

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Your Weekly Middle East Fintech News Digest (Aug 30 to Sep 6)

In last week’s Middle East fintech news, we saw an Israeli spend management platform land a hefty funding deal, and a couple of high points for fintech in the UAE, amidst wider regional developments. Israeli spending and procurement platform PayEm

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Israeli Fintech Funding in H1 2021 Smashes Records

It has been a blockbuster year so far for Israeli fintech funding, according to the latest from Start-up Nation Central. It revealed that US$2.3 billion was raised in Israeli fintech funding through venture capital and private equity deals in the

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10 Startups That Made It to Forbes’ Top Middle East Fintech Apps

Forbes recently released its list of top Middle East fintech apps for the year, and the list includes some illustrious names from the region’s fintech sector. Some of the region’s biggest financial institutions have been featured in the list, such

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8 Pakistani Fintech Startups You Need to Know in 2021 and Beyond

Pakistani fintech startups are making their mark in what is a relatively small but growing startup ecosystem. In Q1 this year, Pakistani fintech startups fetched funding of US$19.3 million in what Bloomberg called a fintech “startup funding rush.” Of this,

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