The UAE, an epitome of global finance, is spearheading the digital banking revolution cutting across borders and traditional theories. With a blend of visionary governance, state-of-the-art technology, and a lively fintech environment, the UAE is not adopting the digital age; it is leading the digital age. Here is an in-depth analysis of how the country […]
Dubai, UAE – United Stars Group (USG) and GETVISION have signed a Memorandum of Understanding (MoU) to collaborate on high-potential venture capital and private equity initiatives. This strategic alliance aims to drive joint investment efforts, targeted grant programs, and provide both strategic and technical support to emerging businesses. The collaboration brings together the expertise and resources […]
Yesterday was marked the official launch of the Web3 Alliance of Saudi Arabia (WASA), a groundbreaking initiative uniting key leaders in blockchain technology and digital innovation to drive the adoption of Web3 technologies in alignment with Saudi Arabia’s Vision 2030, fostering economic diversification and technological advancement across the Kingdom. Founded by global Web3 pioneers The […]
Riyadh, Saudi Arabia – Spoilz, a rising Saudi-based mobile gaming company, has successfully secured a seed investment round led by Impact46, with participation from prominent industry investors with undisclosed amount. This strategic funding aims to bolster the Kingdom’s position as a global hub for mobile gaming by developing high-quality games that attract players worldwide. The […]
Riyadh, Saudi Arabia: T2, a leading Saudi technology services and solutions provider, has announced from LEAP25 the acquisition of a majority stake in the Saudi startup platform, Moola. The acquisition will enable T2 to enter the fintech market and expand its range of services and solutions to offer broader options to its clients within and beyond […]
Dubai, UAE – Merit, a leading rewards and loyalty platform headquartered in the UAE, has successfully raised $28 million in its Series B funding round. The investment was led by Alistithmar Capital and Tech Invest Com, with strong support from Endeavor Catalyst, Salica Investments, and Stride Ventures. The company, founded in 2016, specializes in digital […]
Riyadh, February 13, 2025 – Ant International, a global leader in digital payments, digitization, and financial technology, has officially launched its new office in Al-Olaya, Riyadh, following its successful certification as a Payment Technical Service Provider (PTSP) by the Saudi Central Bank (SAMA). The establishment of the new office will enable Ant International to collaborate […]
Riyadh, Saudi Arabia – LEAP 2025 RasMal, a leading fintech company specializing in digital investment management, has successfully raised $4.8 million (SAR 18 million) in a Pre-Series A investment round. The funding was led by Syndicate Element Holding Group (SHG) and announced at LEAP 2025 in Riyadh. The latest investment will enhance RasMal’s technology-driven platform, […]
RIYADH: Saudi Arabia’s first fintech unicorn Tabby has doubled its valuation to $3.3 billion following the successful closure of a $160 million series E funding round. The round was led by Hong Kong-based Blue Pool Capital, and Hassana Investment Co., the funding arm of Saudi Arabia’s General Organization for Social Insurance, with participation from STV […]
Abu Dhabi, UAE – Phoenix Group PLC (ADX:PHX), ADX-listed technology leader, today announced a remarkable 236% year-over-year (YoY) surge in revenue for FY 2024, solidifying its position as a driving force in the global digital asset ecosystem. The company’s mining revenue reached $107 million in 2024, a significant leap from $32 million in 2023 and $5.4 million in 2022. This […]