Dubai
Dubai’s Strategic Vision Cement its Fintech Leadership
Dubai, a city known for leading technological innovation and digital transformation, has emerged as the fintech hub of the Middle East and Africa (MENA) and South Asia region due to its emphasis on building a modern, digitally-driven, and innovative economy.
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UAE Teen Financial Platform Goes Live
Savii, a financial platform designed for teens and young adults, today announced their official product launch in the UAE. The Savii banking app and Visa prepaid card allow teenagers and young adults to make payments independently and relieve parents of
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Dubai Accounting Startup Wafeq Raises $3 Million Seed Round
Wafeq, a modern and easy-to-use accounting platform, has announced the completion of its $3 million seed round. The Dubai headquartered company’s seed round was led by Raed Ventures and saw participation from Wamda Capital, both of which are two of
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UAE Spend Management Startup Alaan Secures $4.5 Million Pre-Series A Funding
UAE-based Alaan, the leading spend management platform for Middle Eastern businesses, announced today that it has raised $4.5 Million Pre-Series A Funding, backed by Presight Capital, Y Combinator, and angel investors. Together with the $2.5M seed round last year, Alaan
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Tabby Raises $58M Series C: PayPal Ventures With First Regional Investment
Tabby, MENA’s shopping and financial services app, has raised $58 million from Sequoia Capital India, STV and PayPal Ventures, Mubadala Investment Capital, Arbor Ventures and Endeavor Catalyst in a Series C round which values the company at $660 million. The
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Mashreq Neo Hires New Head of Digital and Personal Banking
Mashreq, one of the leading financial institutions in the UAE, has appointed Radu Topliceanu as its new Head of Neo and Personal Banking. In this role, he will help Mashreq grow its digital bank Neo as well as its Personal
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2022 in Review: Key Fintech Initiatives and Developments in the UAE
Over the past years, the United Arab Emirates (UAE) has emerged as a leading fintech hub in the Middle East and North African (MENA) region, a position it has secured thanks to its innovation-enabling regulatory environment, government support as well
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Al-Futtaim Malls Introduces ‘Buy Now Pay Later’ Payment Option With Tabby Card
Al-Futtaim Malls announced a partnership with Tabby to launch the Tabby Card for shoppers to use across all eligible stores in Dubai Festival City Mall and Festival Plaza, Jebel Ali. Tabby partners with retailers to provide their customers with the flexibility
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Is Fintech The Answer to Costly Fees for Cross Border Remittances in MENA?
It is very common in the Gulf Cooperation Council (GCC) part of the Middle East North Africa (MENA) region for expatriate workers to send money back to their native countries to support dependents. If anything, these cross-border remittances are the
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IFZA Free Zone Partners With Wio Bank to Provide Digital Banking Services
IFZA Dubai, an UAE international Free Zone, has entered into a partnership agreement with Wio Bank, the region’s first platform bank, to provide IFZA Free Zone companies with quick and convenient access to digital banking services and financial solutions. Through
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