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    Fintech News UAE

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    Saudi Arabia

    Saudi Aramco Invests in US$5m Pre-Series A by SME Financier Lamaa

    Fintech News UAE5. December 2021

    Saudi-based SME-focused fintech startup Lamaa has raised SAR19 million (about US$5 million) in a pre-Series A round. The round was…

    Israel

    Coinbase Acquires Israeli Cryptography Company Unbound Security

    Fintech News UAE5. December 2021

    Coinbase has acquired Israel-based cryptographic security technology company Unbound Security. The deal is expected to close in the next few…

    e-Commerce

    Card-Not-Present Fraud Escalates Amid Sudden Surge in Online Shopping

    Fintech News UAE2. December 2021

    The sudden surge in e-commerce activities has brought with it a rapid rise of card-not-present (CNP) fraud, costing e-commerce merchants…

    Dubai

    India’s Cashfree Becomes Majority Holder in Telr With US$15m Investment

    Fintech News UAE30. November 2021

    India-based payments and API banking solutions company Cashfree has picked up a majority stake in UAE and Saudi Arabia-based payment…

    Abu Dhabi Partner Content

    Regulating Virtual Assets: Practical Implementation and Adoption

    Fintech News UAE30. November 2021

    Abu Dhabi Global Market guides the virtual asset industry with the world’s first fully comprehensive regulatory framework, ushering in a…

    Abu Dhabi Dubai

    Going “Beyond Banking” in the UAE: Report

    Fintech News UAE30. November 2021

    Banking solutions that go beyond traditional services are going to be an “important battlefield” for banking in the UAE. A…

    Sponsored

    How Can Financial Institutions Put a Stop to Account Takeover Attacks

    Greg Hancell, Director Product Management - Data Strategy, OneSpan29. November 2021

    Financial Institutions (FI’s) can detect and prevent account takeover attacks using continuous monitoring and adaptive multi-factor authentication. Account takeover (ATO)…

    Various

    Fintech Digest: 90% Of Nigeria’s Startup Funding Came From Fintech

    Fintech News UAE28. November 2021

    Nigeria’s startup funding reached approximately US$417.5 million in nine months, and a lion’s share of this came from fintech (Punch).…

    Abu Dhabi

    These 3 Abu Dhabi Startup Investors Made Big Bets on Fintech

    Sharon Lewis28. November 2021

    The year has seen a flurry of activity across the tech landscape in the Middle East, but especially so for…

    Kuwait

    National Bank of Kuwait Rolls Out Kuwait’s First Digital Bank Weyay

    Fintech News UAE25. November 2021

    The National Bank of Kuwait has launched Weyay, Kuwait’s first fully digital bank for youth, according to a statement. The app…

    Abu Dhabi

    How the ADGM Uses Regtech to Regulate Virtual Assets: Report

    Fintech News UAE25. November 2021

    Technology has transformed the financial industry, and regulators need to buy in. That’s the message from the Abu Dhabi Global…

    Israel

    US-Israeli Supply Chain Fintech 8fig Closes US$50m Series A

    Fintech News UAE23. November 2021

    US-Israeli supply chain fintech company 8fig has closed a US$50 million Series A round, the company said in a statement. …

    Abu Dhabi Israel

    ADGM Licenses First Israeli Venture Capital Firm

    Fintech News UAE22. November 2021

    Venture capital firm OurCrowd has become the first Israeli venture firm to have gained approval and licensing by the Abu…

    Various

    Fintech Digest: Israel Has a New Cybersecurity Lab for Israeli Fintech Startups

    Fintech News UAE21. November 2021

    In a tech solutions crossover last week, Enel X and Mastercard have launched a ‘FinSec Innovation Lab’ — a lab…

    Dubai

    VentureSouq Announces US$50m MENA FinTech Fund I

    Fintech News UAE21. November 2021

    GCC-based early stage venture capital firm VentureSouq has officially launched a US$50 million MENA FinTech Fund I. The MENA FinTech…

    Various

    7 Middle East Crypto Exchanges That Support Local Currencies

    Fintech News UAE21. November 2021

    Last month marked 13 years since Satoshi Nakamoto’s Bitcoin white paper was first released. In these 13 years, concerns around…

    Abu Dhabi Dubai Saudi Arabia

    Crypto and BNPL Are Top Middle East Fintech Trends: Visa Report

    Fintech News UAE18. November 2021

    Over 80% of consumers in the UAE and Saudi Arabia reported that they would be willing to use crypto and…

    Saudi Arabia

    Saudi Insurtech Startup Rasan Fetches US$24m

    Fintech News UAE17. November 2021

    Rasan, an insurtech startup based in Saudi Arabia, has secured SAR 90 million (US$24 million) in a growth stage deal,…

    Israel

    8 Israeli Fintech Unicorns to Keep an Eye On

    Fintech News UAE17. November 2021

    Israeli fintech unicorns (those based in Israel as well as US-Israeli companies) have made a splash this year amidst soaring…

    Various

    Payments Startup Nomod Raises US$3.4m Seed

    Fintech News UAE15. November 2021

    Nomod, a UK-based payments fintech company with a focus on the MENA region, has raised US$3.4 million in seed funding.…

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