Jordan

Liwwa Secures $5 Million Loan From DFC to Enhance SME Fintech Support in Jordan

In a stride towards advancing financial inclusion and bolstering small and medium enterprises (SMEs) in Jordan, liwwa  announced the signing of a $5 million loan agreement with the United States International Development Finance Corporation (DFC). This collaboration marks a pivotal

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Fintech Funding in Jordan Accelerates

In Jordan, fintech is emerging as one of the top investment targets for investors, attracting US$26 million in funding between 2018 and 2022 or 10% of all startup investments during the period, a new report by Magnitt, a data platform

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Arab Monetary Fund Report: The Arab Open Banking Market Growth

The Open Banking market across Arab Countries to grow by 25% annually over the next five years, The Arab Monetary Fund (AMF) said in a report issued this week, presenting guidelines for an “Effective Open Banking/ Finance Adoption”. The report

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24 Startups Join Flat6Labs’ StartMashreq Growth Track Program

Flat6Labs, a seed and early-stage venture capital firm for MENA, announced the selection of 24 startups for its StartMashreq Growth Track program. The startups – founded in Jordan, Lebanon & Iraq – operate in diverse sectors such as fintech, healthtech,

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Ahli Bank Introduces Jordan’s First Social Payment App

Jordan Ahli Bank proudly announces the launch of Qawn, Jordan’s first-of-its-kind social payment app, revolutionizing the way users send and receive money through built-in chat capabilities. One key feature of the Qawn app is its integration with CliQ, a local

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Jordan, Iraq, Egypt Central Banks Collaborate With Buna for Pension Payments

The central banks of Iraq, Jordan, and Egypt has leveraged Buna, a cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization (ARPCSO) owned by the Arab Monetary Fund, to make pension payouts easier. The initial phase will

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Jordan Kuwait Bank Joins Mastercard’s Accelerator to Support Fintech Startups

Jordan Kuwait Bank (JKB) has joined Mastercard’s fintech startup accelerator Mastercard Fintech Express as a global partner — the first bank in Jordan to do so. The programme, which is part of the Mastercard Accelerate initiative, helps startups obtain a

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liwwa Secures US$18.5M to Grow Its P2P Lending Platform and Expand in Egypt

Amman-based lending fintech liwwa has secured US$18.5 million in its Pre-Series B fundraising round. The company lends to small and medium enterprises (SMEs) in Jordan and Egypt, and also operates peer-to-peer (P2P) lending platform liwwa.com. Founded in 2015, liwwa has

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UAE-Based Payments Startup Ziina to Expand Digital Wallet Offering to Jordan

UAE-based payments start-up Ziina has announced plans to expand to Jordan. The company previously launched their digital wallet in February 2022 and their payment keyboard earlier this month. The Y-Combinator-backed company previously raised USD 9 million during a seed round in mid-2021

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ADQ and Jordan’s Ministry of Digital Economy and Entrepreneurship Launch $100 Million Tech Fund

ADQ, an Abu Dhabi-based investment and holding company,  announced the launch of a $100 million technology-focused venture capital fund with the Ministry of Digital Economy and Entrepreneurship (MoDEE) of Jordan, in the presence of His Excellency the Prime Minister of

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