Dubai, UAE – BitGo, the leading infrastructure provider of digital asset solutions, is pleased to announce that its Dubai subsidiary, BitGo Custody MENA FZE, has received a Virtual Assets Service Provider (VASP) operating license to provide Virtual Asset Custody Services and Staking, from Dubai’s Virtual Assets Regulatory Authority (VARA). This approval follows BitGo’s receipt of the in-principle […]
Zest Equity, the leading digital infrastructure solutions platform for private market transactions, today announced it has secured $4.3 million in pre-series A funding from strategic investors, led by Prosus Ventures with participation from Morgan Stanley Inclusive & Sustainable Ventures (MSISV). This investment reinforces Zest Equity’s mission to simplify and digitize private market transaction processes by […]
Singapore, 28 April 2025 – Thunes, the Smart Superhighway to move money around the world, is proud to announce the successful raise of its $150 million Series D, the largest in its history, at a substantial valuation increase over its last round. Amid one of the most challenging capital markets environments of recent times, this milestone was […]
The first three months saw the bank deliver double-digit pretax earnings growth, significant asset quality improvement, and industry-first sustainability milestones Operating Revenue of AED 3.2 billion, growth of 5% YoY. Pre-tax Profit of AED 2.1 billion, solid growth of 14% YoY. Balance sheet expanded by 3% YTD to AED 355 billion. Net Financing portfolio grew […]
Hushday, the region’s first premium, invitation-only flash sales platform, has raised over AED 2 million (USD $550,000) in pre-seed funding from regional tech investors. Inspired by the success of European giants like Veepee and Showroom Privé, this UAE-born startup aims to reinvent premium retail for a new generation of shoppers and brands. Dubai – As global […]
NEW YORK- Alpaca, a self-clearing broker-dealer and brokerage infrastructure API, announced its $52 million Series C funding round today from its new office in Manhattan, New York. This significant milestone further accelerates Alpaca’s global expansion and development of its industry-leading product offerings. This round saw participation from new and returning investors, including Derayah Financial, 850 […]
Source: Business Recorder KARACHI: JazzCash, Pakistan’s leading digital financial services platform, has announced plans to expand its footprint in the Gulf region as part of its strategy to streamline cross-border payments for Pakistani users. Speaking at Money20/20 Asia, Murtaza Ali, President of JazzCash, unveiled a strategic partnership with du Pay, a UAE-based financial services provider. This collaboration enables seamless […]
The license will boost IFX Payments’ regional footprint across the UAE, positioning itself for growth in one of the world’s fastest-growing fintech hubs. In a strategic move to enhance its service capabilities and strengthen its compliance standing, IFX Payments has received a Category 3C license from the DubaiFinancial Services Authority. This will allow the company to […]
New York: Omani startup 44.01 was today announced as the winner of the Air category of the XPRIZE’s carbon removal competition and awarded a $1 million XFACTOR prize. 44.01’s project, based in Fujairah, UAE, uses Direct Air Capture technology to capture CO2 from the air, which 44.01 then mineralises, ensuring it can never escape back into […]
Ajman, UAE: ruya (رويا), the UAE’s digital-first Islamic bank, is proud to announce a pioneering step in the region’s banking industry. In an unprecedented move, ruya has become the first Islamic bank globally to enable customers to buy and sell virtual assets, commonly known as “cryptocurrencies” including Bitcoin, directly through its mobile app. This service is part of ruya’s broader […]