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    Fintech News UAE

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    Various

    Amazon’s Growing Foothold in the Middle East

    Fintech News UAE9. February 2021

    Amazon is aggressively expanding its e-commerce business in the Middle East, multiplying product launches with the introduction of home services…

    Abu Dhabi

    UAE’s LetsTango.com Inks e-Commerce Deal With Aramex to Sell Thai Products

    Fintech News UAE8. February 2021

    UAE’s e-commerce retailer LetsTango.com and Aramex, a global provider of comprehensive logistics and transportation solutions, have partnered to fuel cross-border…

    Saudi Arabia

    Irish Fintech Global Shares Expands Footprint to Saudi Arabia

    Fintech News UAE8. February 2021

    Global Shares, an Irish equity compensation management solutions provider, announce that it has opened an office in Saudi Arabia’s capital,…

    Africa Egypt Kenya Nigeria South Africa

    Fintech Attracts Lion’s Share of 2020 African Tech Funding

    Fintech News UAE4. February 2021

    Fintech funding in Africa jumped 49.3% in 2020 to US$160 million. The amount was raised by 99 fintech startups, making…

    Abu Dhabi

    UAE Card Processor NymCard Raises US$ 7.6 Million in Series A Funding Round

    Fintech News UAE2. February 2021

    Abu Dhabi-based Banking-as-a-Service (BaaS) provider NymCard announced that they have raised US$ 7.6 million during a Series A funding round…

    Saudi Arabia

    Saudi Fintech Startup Hakbah Secures USD 1.2 Million Seed Funding

    Fintech News UAE26. January 2021

    Hakbah platform, a Saudi-based fintech startup that specialises in alternative savings and savings groups, announced the closure of its seed…

    Bahrain

    Bahrain Islamic Bank Announces Winner for BisB Innovation Challenge

    Fintech News UAE25. January 2021

    Bahrain Islamic Bank (BisB) announced that Verofax, a Malaysian-based asset digitisation and traceability services provider, as the winner of its…

    Saudi Arabia

    Saudi Fintech Tamara Raises US$ 6 Million in Largest Seed Funding Round in the Kingdom

    Fintech News UAE25. January 2021

    Tamara, a Saudi-based buy now pay later platform, announced the closure of its seed funding round with an investment of…

    Dubai Sponsored

    SH Capital Ltd Launches in Dubai to Empower SMEs With Global Banking Services

    Company Announcement21. January 2021

    A new digital treasury services management provider SH Capital Ltd (SHC), launches in Dubai today with a mission to empower…

    Saudi Arabia

    Mambu Partners Ta3meed to Provide Digital Islamic Financing Solutions for SMEs

    Fintech News UAE21. January 2021

    SaaS banking platform Mambu and Ta3meed, an Islamic fintech in trade finance in Saudi Arabia, announced a strategic partnership to…

    Outlook Sponsored

    Banking and Fintech Predictions for Middle East in 2021

    Charbel Diab, Managing Director, MEA, OneSpan20. January 2021

    COVID-19 has created a sea change across the financial services sector with respect to remote work and a push for…

    Abu Dhabi

    Abu Dhabi Investment Office Establishes 8 Global Hubs

    Fintech News UAE19. January 2021

    The Abu Dhabi Investment Office (ADIO) has established eight new offices in Tel Aviv, New York, San Francisco, Frankfurt, London,…

    Africa Ethiopia

    Ethiopia, Ghana and Rwanda Among Africa’s Fastest-Growing Fintech Ecosystems: Report

    Fintech News UAE19. January 2021

    South Africa, Nigeria and Kenya have historically been the fintech hubs of Africa, but the next chapter for the industry…

    Bahrain

    Bahraini Crypto Startup Rain Financial’s $6 Million Funding Round Joined by Coinbase

    Fintech News UAE18. January 2021

    Rain Financial Inc, a licensed cryptocurrency platform and custodian, announced that it had raised $6 million during a Series A…

    Dubai

    Visa Study: Contactless Payments in the UAE Here to Stay

    Fintech News UAE14. January 2021

    Visa’s third edition of its global research study, “Visa Back to Business Study – 2021 Outlook”, found that both the…

    Saudi Arabia

    Virgin Mobile Awarded Banking Agent License Through Saudi Investment Bank

    Fintech News UAE14. January 2021

    Telecom provider Virgin Mobile was awarded a banking agent license through the Saudi Investment Bank, allowing it to offer electronic…

    Africa Tanzania

    Tanzania’s Nascent Fintech Sector is Poised for Growth

    Fintech News UAE14. January 2021

    In Tanzania, the fintech sector is still nascent with less than 50 companies, among which 68% in their early stages…

    Saudi Arabia

    Saudi Central Bank Releases Its Open Banking Framework

    Fintech News UAE11. January 2021

    The Saudi Central Bank (SAMA) has issued its open banking policy which outlines its objective for implementation in Saudi and…

    Dubai

    Emirates NBD Unveils Customer Digital Onboarding Experience

    Fintech News UAE11. January 2021

    Emirates NBD has rolled out the digital onboarding option for new customers to have their identity documents verified using contactless…

    Saudi Arabia

    Sarwa Gets Greenlight for Fintech Experimental Permit From Saudi Regulator

    Fintech News UAE11. January 2021

    Sarwa, a Dubai-based investment advisory platform, was granted a fintech experimental permit by the Capital Markets Authority (CMA) of Saudi…

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