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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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Fintech News Digest: The Problem of Surveillance in Africa’s Biggest Fintech Hubs

A new study has found that governments in six African countries have been spying on citizens through the use of technology (The Conversation). Governments in Egypt, Kenya, Nigeria, Senegal, South Africa and Sudan have been surveilling citizens, either through legal

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Super App Careem Is Stepping Into Payments

In June last year, Careem became one of the earliest super apps to debut in the Middle East. Just months into the pandemic, CEO and Co-founder of the company Mudassir Sheikha announced the launch on Twitter. “Excited to launch the

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MEA Fintech Weekly News: Are Neobanks the Next Big Thing for Nigeria?

This week marked a new win for digital banks in Nigeria. Neobank Sparkle raised US$3.1 million in a seed round for expansion efforts (TechCrunch). Founded by former CEO of Diamond Bank Uzoma Dozie, Sparkle provides both individual and business banking

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MEA Fintech Weekly News: Nigeria to Closely Scrutinise Fintech Startups

In last week’s MEA fintech news, the Central Bank of Nigeria (CBN) has once again hinted that it will be keeping a close watch on fintech startups in the country. At a recent seminar, Director of the Banking Supervision Department

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MEA Fintech Weekly News: The Case for Mobile Money in Sub-Saharan Africa

In last week’s MEA fintech news, mobile money took centre stage once again in the African continent. Meanwhile, UAE sees some funding and M&A activity, Egyptian banks launch a fintech fund, and a Nigerian startup raises US$10 million. Mobile money

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M2P Solutions and Buckzy to Provide Cross-Border Payments for MENA Partners

Middle East and Asia-based API infrastructure company M2P Solutions announced a strategic partnership with Canadian payment solutions provider Buckzy Payments to provide cross-border payments in the MENA region. The company’s MENA-based partners will be able to use M2P’s platform to

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7 Popular Middle East Fintech Trends 2021

The Middle East fintech sector is undergoing a period of incredible transformation. From fintech funding upsurges, to rising fintech adoption, growing financial inclusion and a growing number of homegrown startups, Middle East fintech is evolving rapidly and in many directions.

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MEA Fintech Weekly News: Dubai Gets Regulatory Nod for Crypto Trading

In last week’s MEA fintech news, it’s all eyes on crypto trading in the UAE – approvals for crypto trading at a Dubai-based free zone make their way through, while BitOasis registers on an anti-money laundering system in the country.

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Ecommerce and BNPL Spearhead MENA Payments Sector

The MENA payments sector is continuing its accelerated growth curve sparked last year. Driven by booming ecommerce adoption and a growing fintech ecosystem, the region is seeing tailwinds in paytech and cashless trends. According to Checkout.com’s 2021 report on ‘Digital

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