Search Results for "fintech saudi"
Fintech Surges in MENA Though Talent and Capital Gaps Persist
The Middle East and North Africa (MENA) region is experiencing significant growth in its fintech sector, with several cities located in Gulf Cooperation Council (GCC) nations in particular emerging as globally recognized fintech hubs. But in order to sustain this
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Saudi Central Bank Allocates Payment Licenses To Network International Arabia and Barraq
The Saudi Central Bank (SAMA) licensed “Network International Arabia” to provide payment services through points-of-sale (POS), and “Barraq” to offer e-wallet services. With the addition of these two companies, there are now 27 licensed companies offering payment services in Saudi
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Top 17 Fintech Events to Attend in MENA in H1 2024
The Middle East and North Africa (MENA) region, characterized by a young and tech-savvy population, high Internet penetration rates and economic growth, has witnessed a robust growth of its fintech industry in recent years, with funding increasing by approximately 36%
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UAE Agri-Trade Fintech Maalexi Raises $3m in Pre-Series A
Maalexi, an UAE-based dynamic risk management platform for SME agri-businesses, announces its completion of a $3 million pre-Series A fund raise. The funding round was led exclusively by Global Ventures – MENA’s leading venture capital firm – which joins existing
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Saudi Digital Lending Platform Tameed Platform Closes USD 15 Million Series A Funding
Tameed Digital Lending Platform, which offers shariah-compliant Government Purchase Orders Financing for SMEs in Saudi Arabia, announced that it has successfully closed a funding round (Series A) amounting to SAR 56.75M (USD 15M) lead by Alromaih Investments. Tameed plans to
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Saudi Open Banking Startup Spare Closes $3 Million Funding Round
Spare, a Saudi based open banking services provider, announced the close of a $3 million funding round led by Vision Ventures with participation from Wa’ed Ventures, Seedra Ventures, global investment firm 500 Global, and notable angel investors. Spare was established
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Saudi Wealthtech Hakbah Closes US$5.1 Million Series A
Hakbah, a Saudi-based fintech savings platform, announces its successful $5.1 million Series A fundraise. The funding round was led by VentureSouq – the MENA-based venture capital firm with a global portfolio. Also participating were new investors M-Capital and Bunat Ventures;
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Saudi Central Bank Issues Rules for BNPL Companies
The Saudi Central Bank (SAMA) announces the issuance of the “Rules for Regulating Buy Now Pay Later (BNPL) Companies,” as part of its role in supervising and controlling the BNPL companies. This decision reflects SAMA’s continuous efforts to develop the
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Fundbot Raises $1.5 Million Seed and Targets UAE and Saudi
Fundbot, a Fintech startup that automates corporate lending and payments between banks, buyers, and sellers, announced today that it has raised a $1.5 million seed-funding round from MENA-based VC Hambro Perks Oryx Fund, with additional support from Aditum Investment Management
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Saudi’s Debt Crowdfunding Marketplace Lendo Closes $28M Series B Funding
Lendo, a Saudi Arabia-based shariah-compliant debt crowdfunding marketplace, has raised SAR 105 million ($28 million) in Series B funding led by Sanabil Investments, a wholly-owned company by the Public Investment Fund PIF. The round saw participation from Shorooq Partners, AB
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