Dubai
4 Payment and Security Trends in the UAE
In the United Arab Emirates (UAE), the COVID-19 pandemic has been a catalyst of change in the payment industry landscape, a new reality that’s here to stay, recent research shows. Over the past two years, the total value of digital
Read More
Emirati Insurtech Klaim Raises US$1.6 Million
UAE-based healthcare financing solution Klaim has fetched US$1.6 million in a pre-Series A funding round, according to an announcement by the company. The round was led by Mad’a Investments, a private equity firm in Saudi Arabia. It also received participation
Read More
Dubai’s DIFC Now Home to Over 3000 Companies
The Dubai International Financial Centre (DIFC) has achieved its ‘2024 Strategy’ growth targets three years ahead of schedule. The 2024 Strategy was announced in 2014, and since then, the DIFC has tripled the number of active registered companies in the
Read More
The Rise of Paytech in the UAE
Paytech in the UAE is one of the top emerging opportunities being eyed by startups, financial institutions and investors. Demand for finance apps in the country was already on the uptake. In Q1 this year, demand for these apps climbed
Read More
PayMate Launches in the UAE
Indian B2B digital payments company PayMate has announced its entry into the UAE market. The company will be stepping foot into the UAE in collaboration with Visa and Citi, according to a statement. The move is part of an existing
Read More
Personal Finance Platform Sarwa Secures US$15 Million Series B
Dubai-based personal finance and investment platform Sarwa has gathered US$15 million in a Series B round of funding, the company announced in a statement. Abu Dhabi’s sovereign investment firm Mubadala Investment Company led the round. Participating investors included 500 Startups,
Read More
Amid BNPL Boom, UAE’s tabby Picks Up US$50 Million Funding
UAE-based buy now pay later (BNPL) company tabby has secured US$50 million in its latest round of funding, according to a statement by the company today. The Series B round was led by Global Founders Capital and STV. Delivery Hero,
Read More
Payit and PLATX Launch UAE’s First WhatsApp-Enabled Payment Solution
First Abu Dhabi Bank (FAB)-owned digital wallet Payit has announced a partnership with digital support services provider PLATX Omni Channel Conversational Commerce to provide a first-of-its-kind solution for UAE-based merchants. The two companies will enable merchants to collect customer payments
Read More
UAE-Based “Robinhood” Style Fintech baraka Raises US$4 Million
UAE-based fintech baraka has raised US$4 million in a seed stage round, the company announced today. The round was raised from Y Combinator, Global Founders Capital, Raptor Group, Tribe Capital, and Nuwa Capital. Existing investors FJ Labs, VentureSouq, and Class
Read More
Paymentology Introduces Cloud Banking Solution to the Middle East
Paymentology is introducing its BankingLive 2.0 solution, a cloud-based processing platform, to the Middle East, the company said in a statement. The UK-based payment technology solutions provider has deployed the BankingLive 2.0 solution with Mox Bank, a digital bank by
Read More