Dubai, UAE – Rasmal Ventures, in collaboration with Deniz Ventures, the corporate venture capital arm of Emirates NBD Group, has announced a strategic $7.6 million investment in TeamSec, the world’s first AI-powered Securitization-as-a-Service platform. This funding aims to accelerate TeamSec’s expansion across the MENA region and revolutionize the securitization industry with cutting-edge financial technology. TeamSec […]
Funding Led by Iwan Ventures to Expand ChatBerry’s Presence in the Middle East with AI-Powered Shopping Technologies via WhatsApp Riyadh, Saudi Arabia – ChatBerry, a rising SaaS player in MENA’s fast-growing conversational commerce market, has successfully raised SAR 1 million in a pre-seed funding round. The investment was led by Iwan Ventures, a Riyadh-based venture […]
Emirates NBD’s profit before tax climbed to a record AED 27.1 billion in 2024 as it expanded its regional presence and enhanced its Wealth Management franchise. Income grew to over AED 44 billion in 2024 with the Group’s strategic investment in digital banking and branch network, generating significant new revenue streams. All business units achieved […]
UAE banking sector is the largest in the Middle East, boasting total assets of AED 4.457 trillion. Launch of the world’s first Open Finance regulation. Issuance of the Middle East’s first regulation for licensing and overseeing stablecoins. 152.85% Emiratisation rate achieved, exceeding the 2024 target. Five FinTech regulations issued to promote digital transformation, attracting 260 […]
San Francisco, CA – Elon Musk’s social media platform, X (formerly known as Twitter), has announced a strategic partnership with global card network giant Visa to introduce a new digital payments tool later this year. The collaboration was confirmed in a post by X’s CEO, Linda Yaccarino, on Tuesday. X Money: The ‘Everything App’ Yaccarino […]
Company claims AI model armed with physics, chemistry expertise can cut inefficiencies in mass production. Toronto-based Basetwo has closed a $11.5 million USD ($16.5 million CAD) Series A round for its artificial intelligence (AI)-powered copilot for manufacturing engineers. The software-as-a-service (SaaS) startup is trying to solve tech inefficiencies in large-scale chemical manufacturing. Basetwo says its AI […]
Silkhaus elevates CFO Ankit Shah to Co-founder & Board director New Board appointments include Abdul Wahab Al Halabi, Nitin Reen and Hassan Alfarsi KSA and UAE short-term rental market together exceeds $2.5 bn growing 46% per year Landlords earn 20-40% more with Silkhaus’ technology-driven model for short-term rentals RIYADH, KSA and DUBAI, UAE | Silkhaus (www.silkhaus.com), a […]
Maalexi, a U.S.-headquartered dynamic risk management platform helping SME agribusinesses mitigate operational risks, announces it has secured a $3 million debt finance facility from Citi, one of the world’s largest banking institutions. The strategic facility supports Maalexi with its mission to strengthen global food security by simplifying cross-border agri-trade conducted on its cutting-edge, AI-powered risk […]
US President Donald Trump has said Microsoft is in discussions to acquire TikTok and that he would like to see a “bidding war” over the sale of the social media app. When asked by reporters whether the US tech giant was preparing a bid, Trump replied: “I would say yes” – before adding that there […]
– Fintech Galaxy is the first Open Banking company accepted into the Central Bank of Jordan’s regulatory sandbox, JoRegBox. – Through its FINX Connect platform, Fintech Galaxy aims to empower third-party providers with secure, consent-driven access to customer data for innovative financial services. – Open Banking will contribute to Jordan’s vision to become a regional […]