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News from all over the world
Abu Dhabi Grants Crypto Custody License to Changer.ae
Changer.ae Ltd, a crypto custodian service dedicated to safeguarding and managing digital assets, received the Financial Services Permission (FSP) license by the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). With the FSP, Changer has become
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State Bank of Pakistan Approves 5 In-principle Approvals for Digital Retail Banks in Pakistan
In a bid to foster innovation, financial inclusion and availability of affordable digital financial services, State Bank of Pakistan (SBP) has granted In-Principle Approval (IPA) for establishing five digital retails banks, namely HugoBank Limited, KT Bank Pakistan Limited, Mashreq Bank
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Abu Dhabi Digital Asset Infrastructure Startup Fuze Raises $14Milions Seed Round
Abu Dhabi-headquartered Fuze, a digital assets infrastructure provider, has unveiled a substantial Seed round of $14mn, which they claim is the largest Seed investment in a digital assets startup in the the Middle East and North Africa region (MENA). A
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Saudi Arabia Central Bank Licenses 2 New Insurance Aggregation Companies
The Saudi Central Bank (SAMA) licensed “Al-tizam for electronic insurance brokerage” and “Altheqa Insurance Brokers” to provide insurance aggregation services (soft launch). With Al-tizam and Altheqa, there will be five authorized insurance aggregation companies operating in Saudi Arabia. This decision
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Archie: New Global Fintech Accelerator in Dubai Launched
Archie – an innovative new fintech acceleration partner – launches with a mission to scale the next generation of fintech disruptors that will define and lead the category. With the belief that fintech founders need much more than financial backing
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Emirates NBD Group Makes Strategic Equity Investment in Climate Fintech Startup Erguvan
Emirates NBD has made an investment in Erguvan, a climate and financial technology venture aimed at providing financial institutions and corporations with digital infrastructure, enabling them to manage the impacts and risks of climate change. The investment was made via
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Qatar Central Bank Grants License to 7sab Bringing Total Number of Approved Digital Payment Fintechs to 10
The Qatar Central Bank (QCB) has granted a license to 7sab, allowing the startup to provide digital payment services in the country. The move brought the number of fintech companies permitted to provide digital payment services in Qatar to ten.
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Saudi Venture Capital Invests $5 Million into Venturesouq Early Stage Fintech Fund
Saudi Venture Capital (SVC) has made a $5 million investment in a fintech fund managed by VentureSouq (VSQ), primarily targeting early-stage fintech startups. This investment initiative was reported by SVC. According to the press release, the subscription agreement was signed
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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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Toko and Virtuzone Sign Collaboration to Launch Dubai’s First Tokenised Equity Crowdfunding Platform
TOKO FZE born out of global law firm DLA Piper, announces a strategic partnership with Virtuzone to form an equity crowdfunding platform in Dubai. TOKO is one of the first companies in Dubai to be granted full market Virtual Asset
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