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Fintech Digest: 90% Of Nigeria’s Startup Funding Came From Fintech

Nigeria’s startup funding reached approximately US$417.5 million in nine months, and a lion’s share of this came from fintech (Punch). The funding total already beats the US$300 million these companies raised last year (fintech companies dominated Nigeria’s startup funding in

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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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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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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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12 Fintech Startup Founders in the Middle East That Are Making Waves

There’s a lot of buzz doing the rounds for fintech startups in the Middle East, but not too much is known about the faces behind these companies – fintech startup founders. Founders and founding teams are often the make-or-break of

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Fintech Digest: Will Mobile Money Shake Up Nigeria’s Banking Industry?

MTN Nigeria and Airtel Africa had a substantial win in Nigeria last week, after the two mobile money players won conditional approval from the Central Bank of Nigeria to offer mobile banking services. MTN Nigeria and Airtel Africa still have

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ClearTax Rebrands, Raises US$75m for Middle East Expansion

India-based fintech SaaS company ClearTax has raised US$75 million in a Series C round, according to a statement from the company. The round was raised for the company’s expansion to the Middle East, the statement said. It will also enable

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Fintech News Digest: What’s Behind Saudi Arabia’s Fintech Boom?

Saudi Arabia’s fintech ecosystem is thriving to say the least. In last week’s fintech news, a new report pointed out that Saudi fintech companies raised a total of US$157.2 million between January and August this year. That’s a whole bunch

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8 Must Know MENA Fintech Venture Investors for Funding in 2022

The fintech industry in the MENA region has had a blockbuster year so far. MENA venture investors have pumped record-level funds into this sector this year, leading to uptick both in number of rounds as well as total deal value.

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