Riyadh, KSA – 10th of November, 2024 – Wafeq (www.wafeq.com), a modern and easy-to-use accounting platform, today announced the completion of its $7.5 million Series A funding round (SAR 28 million). This investment brings together globally renowned accounting software investors and executives, including 9900 Capital’s Managing Partner Chris Corbishley, who led the round and previously […]
Abu Dhabi, UAE – December 11th, 2024 – Numou Revolutionizes SME Financing in the UAE with Launch of Innovative Digital Lending Marketplace at ADFW Numou, a subsidiary of ADGM, the capital’s leading international financial centre, has officially launched a groundbreaking digital lending marketplace, with the goal of transforming the financing landscape for small and medium-sized enterprises […]
Dubai, UAE, December 2024 – Instapay Technologies, a leading Southeast Asian fintech headquartered in Kuala Lumpur, Malaysia, has announced its entry into the UAE Market in partnership with leading UAE bank, Commercial Bank International (CBI). This collaboration, facilitated by Instapay’s wholly-owned subsidiary, Instapay Technologies LLC in Dubai, aims to bring digital banking and payroll solutions […]
NEW YORK: Several key players in President-elect Donald Trump’s new cryptocurrency venture head to Abu Dhabi on Monday for the largest bitcoin gathering in the Gulf region as the digital currency sets record highs. Speakers include the president-elect’s son Eric and billionaire Steve Witkoff, the new White House envoy for the Middle East and co-founder […]
Dubai, December 9, 2024 – Crypto.com has today announced a further acceleration of its plan to offer traditional financial services products with the acquisition of Orion Principals Limited, regulated by the Abu Dhabi Global Market (ADGM). Orion is an Abu Dhabi-based brokerage company and is licensed by ADGM to provide investment and ancillary services in relation […]
The collaboration aims to bring about a revolution in the way digital payments are conducted in the country. KUWAIT CITY: National Bank of Kuwait (NBK) announced that it has acquired a majority stake of 51% in Kuwait-based Payment Services Provider, and e-commerce enablement platform, UPayments. This acquisition represents a significant step forward in the digital […]
This strategic collaboration combines Klaim’s expertise in accelerating insurance claim payments with Wio Business’s digital banking services. December 5, 2024 Abu Dhabi, United Arab Emirates — Klaim, an Abu Dhabi-based fintech company, and Wio Bank PJSC, the region’s first platform bank, are pleased to announce the launch of an innovative cash-flow solution for healthcare providers in […]
December 5, 2024 United Arab Emirates: Sharjah Islamic Bank (SIB) has inked a new partnership with Network International, a leading enabler of digital commerce in the Middle East and Africa, to offer advanced digital financial services to its customers in the UAE. Under this agreement, SIB will leverage Network International’s integrated multi-channel payment solutions to strengthen […]
Aliph Capital (“Aliph”), an ADGM-based private equity manager, announces the acquisition of a 25% stake in SANIPEX GROUP (“the Company”), the leading homegrown lifestyle product supplier. The investment follows Aliph’s investment in the UAE’s pet retail sector, aligning with its strategy of deploying capital in high-quality, market-leading GCC companies. SANIPEX GROUP provides high-quality bathroom, kitchen, […]
Premier Bank and Mastercard launch Shari’ah-compliant cards, promoting secure, inclusive, and innovative digital banking solutions. Premier Bank, a leading Islamic financial institution in Kenya, has announced a collaboration with Mastercard to introduce an innovative suite of Shari’ah-compliant debit, credit, and prepaid cards. This collaboration marks a significant milestone in delivering secure financial solutions, tailored to […]