Archive
UAE SMEs, Consumers Embrace Cashless Payments at Fast Pace
In the United Arab Emirates (UAE), digital payments and cashless transactions are becoming the new norm as both consumers and small and medium-sized enterprises (SMEs) continue to actively embrace these solutions. A new research study by Visa found that compared
Read More
Spendwisor Raised Additional 35 Million USD
The recent agreement signed between Spendwisor Inc. and Gem Global Yield LLC SCS (GEM) to increase the existing facility size from QAR 190 million ($50m USD+) to QAR 310 million (USD 85m) is a testament to the positive progress Spendwisor
Read More
Report: Adopt an Agile Digital Banking Platform
CR2’s latest market insight report, ‘Adopt an Agile Digital Banking Platform’ has been written in collaboration with Stessa Cohen, an internationally recognised expert on the digital transformation of the global banking industry. In the report, Stessa identifies how bankers must
Read More
Entrepreneurship Arm of Saudi Aramco to Launch Fintech Accelerator Program
Wa’ed, the entrepreneurship arm of Saudi Aramco, has collaborated with Fintech Saudi as a strategic partner, along with regional seed and early-stage venture capital firm Flat6Labs, to launch a 12-week Fintech Accelerator to expedite the growth and development of promising
Read More
Personetics Secures US$85 Million Investment From Thoma Bravo
Personetics, a provider of data-driven personalization solutions, announced it has raised US$85 million from software investment firm Thoma Bravo. The firm will be partnering with Thoma Bravo to leverage the latter’s operational expertise in software and financial technology. The funds
Read More
Bahrain Crypto Exchange Rain Raises USD 110 Million in Series B
Bahrain based crypto exchange Rain Financial has raised USD 110 million in Series B funding, the company announced this week. The round was co-led by Paradigm and Kleiner Perkins with participation from numerous parties including Coinbase Ventures, Global Founders Capital,
Read More
Top 14 Most Well-Funded Fintech Startups in MENA
Forbes Middle East has released its annual ranking of the Top 50 Most-Funded Startups in the Middle East and North African (MENA) region. Out of these 50 companies, 14 are fintech firms, making the sector the most represented one across
Read More
Saudi’s Social Trading Platform Dawul Raises $5 Million in Seed Round
Riyad-based social trading platform Dawul announced last week it has raised $5 million in a seed round led by RAED Ventures with participation from Impact46, Seedra Ventures, Derayah Venture and Sukna Ventures. The deal, which places Dawul on the global
Read More
The Bank Branch of the Future: Consumers Prefer Hybrid Experiences
Digital banking has been displacing many branch interactions in the move towards digital. As consumers increasingly engage with their banks remotely and circumstances such as the pandemic as well as new digitally-focused strategies continue to play out, there are ongoing
Read More
GoDaddy Joins Forces to Offer Payment Soultions in MENA
GoDaddy is working in partnership with MyFatoorah in the Middle East and North Africa (MENA) region, to offer new payment solutions to GoDaddy’s ecommerce solution. MyFatoorah, a local UAE payments provider, specializes in secure, swift payment solutions across the GCC
Read More