Valeo Health, a pioneering leader in AI-driven healthcare, has successfully raised $12 million in its Series B funding round, bringing its total funding raised to $20 million to date. Co-founded by Sundeep Sahni, Nadine Karadag, and Ankur Majumder, Valeo Health is redefining personalised, data-driven healthcare across the region. The round was led by Flintera, with […]
Lumi AI, a self-service data analytics and insights platform redefining how brands and retailers uncover value in their enterprise resource planning (ERP) data, is proud to announce the close of its $3.7 million seed funding round. The round was led by AgFunder, a Silicon Valley venture capital firm focused on early-stage AI startups solving supply […]
UAE: Epik Foods, the dynamic UAE-born F&B group has announced the acquisition of Sauce Capital, a prominent Abu Dhabi-based food group with a strong presence in Saudi Arabia. This milestone acquisition brings 15 new brands under the Epik Foods umbrella, reinforcing the group’s commitment to expanding its regional footprint and introducing diverse dining experiences. The acquisition […]
Dubai, UAE –– Al Ansari Digital Pay, the fintech arm of Al Ansari Financial Services PJSC (DFM: ALANSARI), has secured final approvals from the Central Bank of the UAE (CBUAE) for both the Stored Value Facility (SVF) and Retail Payment Services and Card Schemes (RPSCS) licenses. This marks a pivotal step toward the official launch of its […]
Dubai, UAE – Astra Tech announced the integration of Botim AI into its Botim Ultra App, bringing advanced AI capabilities to the platform and enhancing accessibility for over 150 million global users. This makes Botim the first fintech in the region to introduce this innovation. Botim AI is a chat assistant designed to elevate user engagement […]
Dubai, United Arab Emirates: Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has signed a Memorandum of Understanding (MoU) with BlackRock to create an investment platform that will provide the bank’s wealth clients access to alternatives, specifically within private markets. Traditionally only available to institutional investors in the […]
Dubai, UAE – In a landmark move to accelerate the growth of startups, Ignyte has announced a strategic partnership with PayPal, one of the world’s leading fintech innovators. This collaboration aims to empower entrepreneurs across the UAE and the wider region by enabling seamless cross-border payments and fostering global business operations from day one. The partnership aligns with the Dubai […]
Dubai’s rise in the Global Financial Centre Index underscores the DIFC’s pivotal role in shaping the city as a major player in the fintech sector. Dubai has secured a spot among the top five cities worldwide for fintech, as revealed in the latest Global Financial Centre Index (GFCI) rankings. This recognition highlights the significant contributions […]
The product averaged 60 million real-time optimizations each day in 2024, increasing merchant acceptance rates by an average of 3.8%. Enterprise brands including Vinted, Papa Johns, and Delivery Hero are among those benefiting. MIDDLE EAST: Checkout.com, a leading global digital payments company, has announced that its Intelligent Acceptance product, an AI-powered engine designed to help enterprise […]
March 25, 2025 Dubai – UAE: Alhuda Center of Islamic Banking and Economics (CIBE), a globally recognized leader in promoting Islamic banking and finance, has signed a landmark agreement with Autosoft Dynamics, a renowned banking software solutions provider, to introduce cutting-edge core banking system along with end-to-end Shariha Compliance Islamic Suite (Consumer & Commercial) for Banking / […]