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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

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Year End Message to Our Readers – Offline From 23rd December to the 2nd January

Fintech News Middle East would like to take this opportunity to wish all our readers a Merry Christmas and a very Happy New Year. We will be taking a break from the 23rd December 2021 to the 2nd January 2022.

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Checkout.com Records 75% Annual Growth Across MENA Region

Global payment gateway solutions provider Checkout.com saw “record-breaking payment processing growth” this year. Checkout.com posted an increase of nearly 75% year-over-year in payment processing volumes for the region in December this year, according to a statement by the company. The

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Fintech Digest: Mubadala Remains Optimistic About Crypto Investments

Abu Dhabi’s sovereign wealth fund Mubadala has made investments in the crypto ecosystem amidst its growing value, Reuters reported. “This is a business that had, what $200 billion worth of crypto value two years ago, and it’s two and a

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These 4 Startups Are Powering Open Banking in the Middle East

Open banking is one of the top fintech trends to have swept the Middle East. The opportunity for open banking in the Middle East is in integrating financial services with technology in a region that boasts some of the highest

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AMF’s Buna and Mastercard to Provide Interoperable Services Through MoU

The Arab Monetary Fund (AMF) and Mastercard have signed an MoU to allow for interoperability between Mastercard and Buna, the AMF’s cross-border multi-currency payment system. The partnership seeks to boost cross-border payments across the Arab region and international markets, according

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Fintech Digest: South Africa Gears up for New Crypto Regulatory Framework

South Africa will be launching a new regulatory framework for cryptocurrencies in early 2022 (Bitcoin.com). The country’s Financial Sector Conduct Authority (FSCA) announced that it would be unveiling a crypto regulatory framework for the trading of crypto coins. “What we

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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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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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