Meta announced the expansion of its AI assistant, Meta AI, to the MENA region. The tool is gradually rolling out…
Egypt-based fintech company Khazna has secured US$16 million in a pre-Series B funding round to support its growth, with plans…
Fimple, a provider of composable and cloud-native core banking solutions based in Turkey, has successfully secured US$12 million in Series…
Eastnets has introduced its Managed SWIFT Service on AWS Cloud, offering a solution to key challenges such as regulatory compliance,…
The United Arab Emirates (UAE) has established itself as a major hub for fintech in the Middle East and North…
Lendo, a debt crowdfunding platform in Saudi Arabia, has secured a US$690 million (SAR 2.6 billion) warehouse facility led by…
The Saudi Central Bank (SAMA) has granted STC Bank, a licensed digital bank, approval to commence its banking operations within…
Paymob has announced a strategic partnership with Woo (formerly WooCommerce), the open-source e-commerce platform, becoming Woo’s first preferred partner in…
Careem Pay, the fintech and payments arm of Careem, now offers exclusive exchange rates and zero fees on international transfers…
As the ADGM ecosystem has developed over the past nine years, so has the digitisation of finance globally. This growth…
Arab Financial Services (AFS), a digital payment solutions company in the Middle East and Africa, has announced its expansion into…
Trust Smart Solutions, a provider of payment solutions in the MENA region, has formed a strategic alliance with SUNMI, a…
Egypt, through its Ministry of Finance, has secured a US$2 billion syndicated loan with Emirates NBD Capital and Standard Chartered…
US-based VC firm, 500 Global has announced the launch of 500 MENA, a new fund dedicated to investing in high-growth…
AIFT, a global cybersecurity and insurance technology company based in Hong Kong, has strengthened its commitment to the Middle East…
Saudi Arabia’s fintech assets under management (AUM) are projected to approach US$64 billion in 2024, indicating substantial growth, according to…
Paymob, a financial services enabler in MENA, has been granted the Retail Payment Services License by the Central Bank of…
MoneyHash, a payment orchestration platform operating in the Middle East and Africa, has raised $5.2 million in pre-A funding led…
In 2024, the fintech industry in the United Arab Emirates (UAE) witnessed remarkable growth, driven by an increase in cashless…
Mastercard has partnered with ruya, a digital Islamic community bank in the UAE, to launch innovative debit and credit card…