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

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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

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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

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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

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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

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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,

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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,

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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

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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

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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

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