UAE-based SaaS provider Journify raises $4 million in funding, lead by Silicon Badia
Journify, a global provider of Conversion API (CAPI) and Composable Customer Data Platform (CCDP), has secured $4 million in funding. The round was led by global VC firm Silicon Badia, with participation from RZM and other strategic investors. This investment fuels Journify’s mission to empower brands with ethical, data-driven marketing solutions that drive precise audience […]
Flow48 Secures $69M Series A to Fuel SME Lending Expansion in UAE, KSA and South Africa
Flow48, a leading fintech revolutionizing SME lending in emerging markets, has secured a substantial $69 million in Series A funding. This investment will fuel the company’s expansion across the UAE, South Africa, and Saudi Arabia, with $10 million specifically earmarked for scaling operations within South Africa. The funding round, comprising both debt and equity financing, […]
Pinewood.AI Acquires a 90.9% majority Stake in UAE’s Seez for $42 Million
UAE – Pinewood.AI, a leading provider of cloud retail solutions for the automotive industry, has acquired a 90.9% majority stake in UAE-based Seez, a SaaS platform specializing in artificial intelligence and machine learning-driven automotive solutions. The deal, valued at $42 million, is set to be completed by March 19, 2025, pending the successful issuance of […]
Dubai: Crypto exchange Bybit loses $1.5 billion in Industry’s Largest Theft
Dubai, UAE – In what is being described as the largest cryptocurrency heist in history, Dubai-based crypto exchange Bybit has lost approximately $1.5 billion (Dh5.51 billion) worth of digital assets due to a “sophisticated attack.” Despite the breach, the company has assured users that all functions remain operational and that withdrawal requests have not been […]
Financial Literacy for the Youth: Why It Matters for the Future of the UAE
Introduction Living in an extremely dynamic world of innovation and economy, the UAE holds a young and ambitious population. With its count of over 40% of young residents below the age of 30, the future of the country greatly depends on the empowerment of this generation in developing the skills to deal with the rapidly […]
Qatar Financial Center Cuts Application Fee By 90% To Simplify Business Set Up in Qatar
Qatar has imposed a 90% reduction on business set-up fees for entities looking to operate at the country’s financial hub, as part of efforts to lower entry barriers for entrepreneurs. The Qatar Financial Centre (QFC) confirmed on Monday that the application fee for licensing an entity on its platform has been dropped from $5,000 to […]
Cashfree Payments raises $53mln; part of funding to accelerate Expansion in UAE and Middle East Region
Dubai: Payments company Cashfree Payments, which processes USD 80 billion in payments annually today said it has raised USD 53 Million in funding, a part of which will help accelerate its expansion and market presence in the UAE and the Middle East region, a rapidly growing hub for digital payments and financial innovation. The funding […]
2PointZero acquires the Cairo-based customer-focused Microfinance Platform Maseera
Abu Dhabi, UAE: 2PointZero, a transformational global investment platform and a subsidiary of International Holding Company (IHC), announces the strategic acquisition of Cairo-based Maseera Holding for Financial Investments (“Maseera”). As part of this transaction, 2PointZero will launch a new Abu Dhabi-based entity under the Maseera Holding name. Maseera, which serves low- and middle-income individuals as well […]
MANSA secures $10mln in funding led by Tether and Polymorphic Capital
MANSA, a global fintech innovator in cross-border payments, has announced the successful close of its $10 million funding round. This marks a significant milestone for the company in its mission to alleviate liquidity challenges for payment companies worldwide. MANSA’s stablecoin-based solution offers payment providers in emerging and mature markets a flexible and reliable way to […]