Archive

Fintech Digest: Israel Has a New Cybersecurity Lab for Israeli Fintech Startups

In a tech solutions crossover last week, Enel X and Mastercard have launched a ‘FinSec Innovation Lab’ — a lab that focuses on cybersecurity capabilities for Israeli fintech companies — in Israel. The FinSec Innovation Lab will create state-of-the-art environments

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VentureSouq Announces US$50m MENA FinTech Fund I

GCC-based early stage venture capital firm VentureSouq has officially launched a US$50 million MENA FinTech Fund I. The MENA FinTech Fund I is the first sector-specific fintech fund to be launched across the MENA-Pakistan region, a statement from the firm

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7 Middle East Crypto Exchanges That Support Local Currencies

Last month marked 13 years since Satoshi Nakamoto’s Bitcoin white paper was first released. In these 13 years, concerns around crypto have persisted — over its volatility, decentralisation and legitimacy. However, through crashes and bull runs, these unregulated currencies have

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Crypto and BNPL Are Top Middle East Fintech Trends: Visa Report

Over 80% of consumers in the UAE and Saudi Arabia reported that they would be willing to use crypto and buy now pay later (BNPL) services, according to Visa’s CEMEA COVID-19 Impact Tracker. This interest in what are relatively new

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Saudi Insurtech Startup Rasan Fetches US$24m

Rasan, an insurtech startup based in Saudi Arabia, has secured SAR 90 million (US$24 million) in a growth stage deal, according to a statement. The round was led by Saudi Arabia-based venture capital and private equity firm Impact46, the statement

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8 Israeli Fintech Unicorns to Keep an Eye On

Israeli fintech unicorns (those based in Israel as well as US-Israeli companies) have made a splash this year amidst soaring valuations, record-breaking fundraises and a number of SPAC listings as well. This comes in the backdrop of Israel’s emergence as

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Payments Startup Nomod Raises US$3.4m Seed

Nomod, a UK-based payments fintech company with a focus on the MENA region, has raised US$3.4 million in seed funding. The funding takes Nomod’s valuation to US$50 million, according to a report by TechCrunch. The investment was raised from Global

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Fintech Digest: UAE, Singapore Pilot First-Of-Its-Kind Cross-Border Trade Finance Project

The Monetary Authority of Singapore (MAS) and Abu Dhabi’s Financial Services Regulatory Authority (FSRA) have completed a first-of-its-kind digital cross-border trade finance document transfer (Fintech Futures). This makes the initiative the world’s first cross-border digital trade financing pilot, a statement

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Top 8 Funded Fintech Startups in Egypt

Financial inclusion is on the developmental agenda in Egypt, and fintech startups in Egypt are one of the key driving forces to achieve this kind of adoption. Digital payments is expected to be the most benefited vertical within the fintech

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Out of Jordan, an Autonomous Algorithmic Bot Emerges, With Bitcoin Squarely in Its AYM

We sat down with Mr. Ahmad Alsharqatli, CEO of AYM, to find out more about this revolutionary smart Bitcoin solution that is disrupting the way wealth is created. What is AYM? At AYM we develop next generation crypto-asset trading and

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