Latest World News
News from all over the worldCoverGo Expands to the Middle East With Noria Capital’s Investment
Insurtech CoverGo announced that it is expanding to the Middle East in partnership with insurtech fund Noria Capital following its US$15 million Series A fundraise earlier this year. The company’s Series A, which closed in May 2022, was led by
Read MoreNomura’s Komainu Gets MVP Licence to Offer Crypto Custody Services in Dubai
Crypto custodian Komainu has received a minimal viable product (MVP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA), following its receipt of a provisional approval in July 2022. The MVP licence allows Komainu, which specialises in institutional digital asset custody
Read MoreQashio Raises US$10M Led by One Way Ventures for Enterprise Spend Management
UAE spend management platform Qashio has raised US$10 million in equity and non-equity seed funding in a round led by One Way Ventures, a US fund investing in immigrant founders. The round included participation from MITAA, Cadorna Ventures, Sanabil 500
Read MoreVisa to Pilot Facial Biometric Payments At FIFA World Cup Qatar 2022
Visa announced that it will pilot payment innovations such as instantly-issued prepaid cards and facial biometric payments at the upcoming FIFA World Cup Qatar 2022. To this end, the company has installed 5,300 contactless-enabled payment terminals at official FIFA venues,
Read MoreCanada’s Salt Edge Expands Its Open Banking Offering to Saudi Arabia
Canadian open banking solutions provider Salt Edge is expanding to Saudi Arabia to enable financial institutions to share their transactional data, initiate payments, and meet compliance requirements. The company hopes to help Saudi banks comply with SAMA’s new open banking
Read MoreSpare Launches Open Banking Payment Options in Bahrain With EazyPay
Kuwaiti open banking platform Spare has partnered with Bahraini payment services provider EazyPay to enable Spare merchants in Bahrain to accept open banking payments. Customers of Spare’s merchants in Bahrain will be able to make payments directly from their bank
Read MoreBaraka Raises US$20M Series A Led by Peter Thiel’s Valar Ventures
Dubai-based trading app baraka has closed a US$20 million Series A round led by Peter Thiel’s Valar Ventures, with participation from investment advisory firm Knollwood. The company says that the funding will be used for regional licensing and expansion, as
Read MoreReport Details 11 Fintech Regulatory Sandboxes in MENA in 2022
The MENA Fintech Association’s (MFTA) Open Finance Working Group has published a new report on the rise of open banking and embedded finance in the Middle East and North Africa. The report found that regulators in the region have been
Read MoreAlpadis Group Secures DIFC License, Opens Second Office in Dubai
Swiss corporate services provider Alpadis Group has obtained a license to operate in the Dubai International Financial Centre (DIFC) and has opened its second office in Dubai. The group’s new office, based in the DIFC Gate Village, aims to serve
Read MoreIsrael’s OurCrowd Launches AI Hub at ADGM’s Hub 71 With ADIO
Israeli venture investing platform OurCrowd announced plans to invest US$60 million in its Abu Dhabi operations with a new office and AI tech hub, enabled by the Abu Dhabi Investment Office (ADIO). The two new initiatives, which were announced during
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