Dubai
Edfundo Is the Newest Youth Neobank in the UAE
Edfundo, a youth-focused neobank, will be launching in the UAE early next year, according to a statement from the company. Edfundo is a tween and teen-focused smart money management app built by UAE-based teachers and co-founder CEO Simon Wing and
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Where Can You Make Crypto Investments in the UAE?
Crypto investments have been gathering attention in the Middle East, and developments in this space have been especially accelerated in the UAE over the past few years. According to a 2021 YouGov survey, one in four people in the UAE
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Dubai Unveils Regulatory Framework for Investment Tokens
The Dubai Financial Services Authority (DFSA) launched its regulatory framework for investment tokens, according to a statement yesterday. The DFSA is a regulatory body housed in Dubai’s financial district, the Dubai International Financial Centre (DIFC). The framework is the first
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Dubai Silicon Oasis Authority Launches SANDBOX Accelerator
The Dubai Silicon Oasis Authority (DSOA) has launched an early-stage startup programme called SANDBOX, according to a recent announcement. SANDBOX is a 12-month programme aimed at supporting early-stage tech startups to scale and raise funds. The programme was announced at
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UAE’s Fintech Galaxy Raises US$2m For Open Finance Platform
Fintech Galaxy has raised US$2 million in a seed round, according to a recent statement. The funding round was led by Jordan-based Ahli Fintech, with participation from Raz Holding Group, OMQ Investments, Egypt’s EFG EV Fintech and INSEAD Saudi Angel
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Is Branch Banking a Thing of the Past in the UAE? – Fintech Surge 2021
The death of branch and traditional banking was a top theme at the Digital Banking Summit – Fintech Surge 2021. Held at Dubai World Trade Centre, the conference saw a number of panels featuring founders, executives, regulators and fintech experts,
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DIFC and CBUAE to Develop Joint Fintech Initiatives
The Central Bank of the UAE (CBUAE) and the Dubai International Financial Centre (DIFC) will be partnering to promote fintech development in the UAE. The two financial authorities have signed an agreement to collaborate over joint fintech initiatives and activities.
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6 UAE Digital Banks to Watch Out For
Digital banking is becoming increasingly competitive in the UAE, with new players, new banking models, and an eager market. Studies indicate that 72% of UAE residents use digital banking services at least once a week, with nearly a fourth using
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9 Upcoming Fintech Events to Attend in Dubai and Abu Dhabi
The UAE is one of the top trending regions for fintech in the Middle East, aside from Bahrain and Saudi Arabia. Newer companies are emerging, and funding is making its way through. Fintech funding in H1 2021 represented the highest
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Crypto Platform BitOasis Fetches US$30m Series B for MENA Expansion
UAE-headquartered digital asset trading platform BitOasis has closed its Series B fundraise at US$30 million, the company said in a statement. Chicago-based VC firm Jump Capital and UAE-based existing backer Wamda Capital co-led the round. It also featured new participating
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