Archive
Israeli Fintech Unicorn Tipalti Valued at US$8.3b After US$270m Fundraise
US-Israeli payables solution provider Tipalti has secured US$270 million in a Series F round. The round values the fintech unicorn at US $8.3 billion, with its total funding pool now standing at over US$550 million, the statement said. The funding
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Building Open Finance Frameworks for the Arab Region
A “unified open finance framework” holds significance in the Arab region, according to the latest from the MENA FinTech Association (MFTA). A new report on open finance by the MFTA highlighted what different countries were doing to encourage open finance
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Arab Bank Wraps Up First Edition of Egypt Fintech Bootcamp
Arab Bank Egypt has concluded the first edition of its fintech bootcamp for Egyptian startups, with cash funding provided to three winning fintech startups. The one-week bootcamp took place between the 21st and the 25th of November this year, according
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DIFC FinTech Hive Graduates Largest Ever Cohort Since Launching Five Years Ago
Dubai’s DIFC FinTech Hive saw its largest cohort graduate from its accelerator since the launch of the free zone in 2017 A total of 44 startups graduated from DIFC FinTech Hive’s acceleration programme at a virtual Investor Day, the largest
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7 Middle East Fintech Events to Attend in 2022
The new year brings a host of exciting new fintech events to attend. While some of these Middle East fintech events are sticking with a fully offline arrangement, some others are continuing the trend of live and virtual hybrid formats.
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6 Biggest Fintech Funding Rounds in the MENA Region in 2021
Fintech funding is at an all-time high in the MENA region. This year, investors have ploughed much needed investment monies into fintech startups in the MENA region, with fintech claiming one in every four deals in the region went to
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Fintech Digest: Saudi Arabia’s Fintech Space Grows With 16 New Licenses
Saudi Arabia’s fintech sector has broadened, with licenses issued to 16 new fintech companies during the third quarter of this year (Zawya). According to the Saudi Central Bank governor, 13 of these companies come from the payments and electronic wallets
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Pakistan’s PostEx Closes US$8.6m Seed for Its Ecommerce Fintech Solution
Pakistan-based ecommerce fintech company PostEx has closed a US$8.6 million seed funding round, one of the largest early-stage funding deals to be seen in Pakistan. The Lahore-based startup raised the funding in multiple tranches, with the latest led by Global
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Saudi Aramco Invests in US$5m Pre-Series A by SME Financier Lamaa
Saudi-based SME-focused fintech startup Lamaa has raised SAR19 million (about US$5 million) in a pre-Series A round. The round was co-led by Saudi Aramco through its venture capital arm Wa’ed, and early-stage venture capital investor Raed Ventures, according to a
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Coinbase Acquires Israeli Cryptography Company Unbound Security
Coinbase has acquired Israel-based cryptographic security technology company Unbound Security. The deal is expected to close in the next few months subject to customary conditions. Financials of the deals were not disclosed. The acquisition is part of Coinbase’s strategy to
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