Archive
Abu Dhabi Accelerator Hub71 Selects 6 Fintechs for Its Latest Cohort
Hub71, Abu Dhabi’s global tech ecosystem, has selected six fintechs to be a part of its latest cohort of tech startups from a large number of applicants worldwide that chose to setup and scale from the UAE’s capital. For the
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Fintech Leads UAE Startup Funding
In H1 2022, fintech was the preferred industry for startup investors in the United Arab Emirates (UAE), accounting for 34% of total capital during the period and 22% of transactions, a new report by Magnitt and the Emirates Development Bank
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Dubai Proptech Platform Stake Raises US$8 Million in Pre-Series A
Dubai-based digital real estate investment platform, Stake, secured over US$8 million in an oversubscribed pre-series A funding round. This follows a US$4 million seed round the company closed back in June 2021, bringing their total raised funds to over US$12
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Kuwait to Test an Open Banking Product Within the Fintech Regulatory Sandbox
Keen to enable the new FinTech and support the Open Banking to help bring about innovative business models in the field of financial services, the Central Bank of Kuwait (CBK) has given the green light to test a first-of-its kind
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MENA’s Teen Neobank Zywa Raises US$3 Million Seed Round
Zywa, a teen-focused fintech startup aiming to re-imagine banking for Gen Z in the Middle East and North Africa, has announced a seed funding round of $3 million. Investors who participated in the round include Goodwater Capital (the largest consumer
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Saudi Central Bank Permits 2 New Fintech Startups to Operate Under Its Regulatory Sandbox
The Saudi Central Bank (SAMA) announced granting permit to a new batch of companies; “Lean Technologies” and “Mod5r” to provide Open Banking Solutions; bringing the total number of permitted Fintech companies operating under its Regulatory Sandbox to 38. This step
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Mashreq Appoints New Head of Marketing and Corporate Communications
Mashreq has appointed Muna Al Ghurair, as its new Group Head of Marketing & Corporate Communications. She brings over 20 years of experience in communications, marketing, sales and business development with an outstanding track record with leading payments and financial
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Saudi Fintech Tamara Secures Record $100M Series B Round
Saudi fintech startup Tamara, a leading payments startup focused on driving financial inclusion across the Middle East, has raised a $100m Series B equity round led by Sanabil Investments, with participation from Coatue, Shorooq Partners, Endeavor Catalyst and a follow-on
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G42 Launches US$10 Billion Technology Growth Fund
G42, a leading UAE-based AI and cloud computing technology company, announced the launch of the US$10 billion G42 Expansion Fund, a global technology growth fund formed in strategic partnership with Abu Dhabi Growth Fund (ADG). The fund, which will be
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Emirates NBD Launches Accelerator for Metaverse Startups to Transform the Future of Banking
Emirates NBD has launched a global accelerator programme for metaverse start-ups to enhance customer experience for the new virtual economy, in partnership with the DIFC Fintech Hive and powered by technology provider Microsoft. Marking Emirates NBD’s first play in the metaverse,
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