Doha, Qatar: TESS Payments announced a strategic partnership with Al Fardan Exchange, marking a significant advancement in Qatar’s financial ecosystem. This collaboration merges TESS Payments’ innovative financial technology with Al Fardan Exchange’s longstanding reputation for trust and reliability, aiming to set a new standard for digital payments and remittances in the country. This partnership represents […]
Abu Dhabi-based alternative investment company Shorooq has announced a $9 million investment in two innovative ventures that participated in the One Billion Pitches competition, part of the 1 Billion Followers Summit held in Dubai. The three-day global content-focused event, which concluded on Monday, also contributed $4 million for these co-investment deals. Strategic Investments Shorooq will […]
Palestine/Netherlands, January 2025 — TAP, a Palestinian-Dutch company focused on creating transformative remote job opportunities for underserved youth, has raised $1 million in a funding round led by Invest International (Netherlands), with additional backing from impact-focused angel investors. This milestone will enable TAP to accelerate the development of its innovative AI-driven job-hunting platform, designed to […]
Dubai, UAE – In a move set to reshape the financial landscape, Al Ansari Financial Services PJSC (DFM: ALANSARI), one of the leading integrated financial services groups in the UAE announces its strategic partnership with Abhi Middle East Limited, the region’s largest embedded finance platform backed by Hub71 and Abu Dhabi Investment Office (ADIO), to […]
DUBAI, UAE, Jan. 10, 2025 /PRNewswire/ — Bank Alfalah, a leading commercial bank in Pakistan with a network of over 1,000 branches, has announced its acquisition of a 9.9% equity stake in Jingle Pay, one of the fastest growing fintechs in the MENAP region. The Bank’s fintech investment underscores its commitment to driving digital transformation and fostering financial inclusion across key markets. […]
Abu Dhabi, United Arabic Emirates, 13 January 2025 – Velexa, a leading WealthTech innovator, and Ajyad Capital, a renowned investment management firm based in the Kingdom of Bahrain, have signed a Memorandum of Understanding (MoU) to establish a strategic alliance aimed at revolutionizing investing landscape in the GCC region. This partnership is aimed at supporting […]
UAE, Dubai: XTB, a fintech company that provides access to global financial markets through an online investment platform and mobile app, has obtained two new licenses, allowing it to commence operations in Indonesia and strengthen its presence in the Middle East region. XTB is one of the leading investment applications in Europe. It has ambitious plans […]
The incubated startups will receive incubation support services to help formalize and scale their fintech startups. This partnership comes as part of JoPACC and the ISSF’s commitment to support Fintech startups in testing their innovative solutions to grow and scale their business in the local and regional markets. Jordan’s Fintech ecosystem holds immense potential to […]
Riyadh, Saudi Arabia – Careem Rides, in partnership with CarbonSifr, a climate-tech company participating in the Sedrah Program under the Ministry of Environment, Water, and Agriculture (MEWA), has launched an eco-friendly ride option in Saudi Arabia. This initiative aligns with the Kingdom’s Vision 2030 sustainability goals and emphasizes reducing carbon emissions through reforestation efforts. The […]
Etihad Credit Insurance (ECI), the UAE’s Federal Export Credit Company, signed a Memorandum of Understanding (MoU) with Al Maryah Community Bank, the country’s first local digital bank licensed by the Central Bank of the UAE (CBUAE). The agreement positions the bank as a key partner of ECI’s ‘Xport Xponential,’ an initiative designed to enhance the […]