Lebanon
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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Lebanese Fintech Purpl Ties up With Mambu, AWS to Launch Its Digital Wallet
Purpl, a Lebanese remittance and cash out aggregator, announced that it has gone live on Mambu’s cloud-native banking platform to launch its digital wallet offering. Having secured its digital wallet license, Purpl was able to deploy the digital wallet powered
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A New Era for Online Payment Authentication: Areeba to Introduce Biometric Reading in MENA
areeba sal, a leading payment processing service provider in the Middle East is strengthening its partnership with the Swiss payment expert, Netcetera. This partnership started in 2020 with the implementation of the latest 3-D Secure protocol, supported by Netcetera’s Access
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World Bank’s IFC Launches New Venture Capital Platform to Invest in Tech Startups
The International Finance Corporation (IFC) has launched a new US$225 million venture capital platform to invest in early stage companies in Africa, Middle East, Central Asia, and Pakistan. According to the IFC, these regions collectively received less than two percent
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Lebanon’s Fintech Startup Ecosystem: An Overview
Lebanon is one of the Middle East and North Africa (MENA) region’s largest fintech markets, accounting for 9% of all fintech startups in MENA and representing its third largest fintech ecosystems after the United Arab Emirates (UAE) and Egypt, according
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How is Lebanon’s Fintech Scene Doing?
Lebanon’s fintech industry has been growing rapidly in the past years, fueled by a supportive ecosystem, a wide range of public and private initiatives aimed at developing the sector, and a tech-savvy population. Lebanon is the Middle East and North
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