Kuwait City – Circle, a fast-growing quick commerce startup founded in Kuwait, has secured $6 million in Series A funding from a consortium of strategic investors, marking a significant milestone in its mission to reshape the future of retail and consumption across the region. Since its inception in 2020, Circle has transformed the marketplace experience, […]
Cairo, Egypt – ElGameya, Egypt’s leading fintech platform digitizing the traditional ROSCA savings model, today announced the successful closing of a new 7-figure USD investment round, aiming to accelerate the development of its technology platform. The round was led by AYADY for Investment and Development, with participation from prominent investors including Jedar Capital, Cubit Ventures, Ventures Notes, P-Maestro and a […]
Fresh equity fuels Sylndr’s drive to reimagine car ownership in markets where trust, liquidity, and infrastructure gaps have long constrained both consumers and dealers. Sylndr, Egypt’s leading used-car marketplace, today announced the closing of its $15.7 million Series A equity round, led by Development Partners International (DPI) Venture Capital via the Nclude Fund, with participation […]
Qardy, Egypt’s pioneering digital lending marketplace, is thrilled to announce that it is set to be acquired by Catalyst Partners Middle East (CPME) through a landmark Special Purpose Acquisition Company (SPAC) acquisition, valued at approximately EGP 1.16 billion (USD 23.15 million). This proposed transaction represents Egypt’s first-ever SPAC acquisition, positioning Qardy to become the nation’s inaugural fintech […]
Dubai, United Arab Emirate: VUZ, the world’s leading immersive media company, has secured the International Finance Corporation (IFC), a member of the World Bank Group, to invest in its $12M Pre-Series C funding round. This strategic investment positions VUZ for accelerated global growth in immersive live streaming and content, AI-driven streaming technologies, and live spatial experiences, building on the next generation […]
In just over a year, Fuze has emerged as the Middle East and Turkey’s leading digital assets infrastructure platform, providing regulated, secure, and scalable solutions that empower financial institutions to launch and manage next-generation digital asset products fast. Headquartered in UAE and built for the region, Fuze enables banks, fintechs, and enterprises to roll out products like […]
Commodity offering adds one-stop-shop services, robust risk management, cross-border logistics, and secure vaulting to Emirates NBD’s diverse portfolio of financial products Accessibility, ease, and transparency of transactions will empower Dubai’s status as one of the top gold trading hubs and support the UAE’s Federal Gold Policy to grow key sector Dubai, UAE: Emirates NBD, a […]
Dubai May 19, 2025 – Ripple, the leading provider of digital asset infrastructure for financial institutions, today announced two new customers in the UAE utilizing Ripple Payments. Ripple Payments employs blockchain, digital assets, and a global network of payout partners to deliver fast, transparent, reliable cross-border payments and on/off ramps for banks, crypto companies, and fintechs worldwide. Since becoming the […]
Abu Dhabi: First Abu Dhabi Bank (FAB), UAE’s global bank and one of the world’s largest and safest financial institutions, is the first bank in the Middle East and North Africa (MENA) to pilot an innovative embedded finance and payments solution developed in partnership with Oracle and Mastercard. This collaboration combines the strengths of the two […]
Oman: In a key step for Oman’s growing fintech landscape, AmwalPay has officially announced its integration with Shopify, becoming the first Omani payment gateway licensed by the Central Bank of Oman to be directly available for Shopify merchants. Through this integration, merchants in Oman can now activate AmwalPay as a payment provider on their Shopify […]