Jordan
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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Scholarships in Cybersecurity: Amazon Payment Services Partners With Princess Sumaya University
Amazon Payment Services is collaborating with Princess Sumaya University for Technology (PSUT) in Jordan to nurture and invest in cybersecurity talent. Aiming to develop forward-thinking security innovation and information security leadership in the region, the collaboration will offer students attending
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