New York, October 10, 2024 – Citi (NYSE: C) and Mastercard (NYSE: MA) have announced a groundbreaking collaboration that will offer cross-border payment solutions to Mastercard debit cards in 14 receiving markets worldwide, with plans for future expansion. This partnership leverages Citi’s WorldLink® Payment Services and Mastercard’s Move® money transfer capabilities to deliver near-instant, full-value […]
Riyadh, Saudi Arabia — OCTA, a fintech startup dedicated to transforming accounts receivable management for small and medium-sized enterprises (SMEs), has successfully closed a $2.25 million USD pre-seed funding round. The round was co-led by Quona Capital and Sadu Capital, with participation from Sukna Ventures, Plus VC, 500 Global, and notable angel investors, including Pawel […]
Dubai, UAE – October 10, 2024 – 4Partners, a Dubai-based dropshipping platform, has successfully raised $3.6 million in a funding round aimed at accelerating its entry into the UAE market and driving its regional growth and expansion plans. With this fresh capital, the company is set to empower businesses of all sizes to quickly launch […]
San Francisco, October 9, 2024 — Stripe, a leading financial infrastructure platform, today announced an expanded partnership with NVIDIA, aimed at advancing AI technology to benefit Stripe’s customers and improve fraud detection. The collaboration will also broaden global access to NVIDIA’s cutting-edge GPUs and AI software, allowing developers and enterprises to prepay for selected NVIDIA […]
Dubai, United Arab Emirates – Al Fardan Exchange has signed a Memorandum of Understanding (MoU) with Dubai Insurance on behalf of the Insurance Pool, marking a pioneering collaboration that positions Al Fardan Exchange as the first exchange house in the UAE to offer Involuntary Loss of Employment (ILOE) payment claims. This strategic partnership provides customers […]
Manama, Bahrain – October 8, 2024 – Pnyx Hill Ltd, a specialized business solutions provider headquartered in Abu Dhabi Global Markets (ADGM), UAE, has signed a Memorandum of Understanding (MoU) with Bahrain FinTech Bay (BFB), one of the leading fintech hubs in the MENA region. The partnership aims to drive innovation and enhance governance and […]
Dubai-based Metric has announced a strategic partnership with Saudi Arabia’s Spare, aimed at bringing cutting-edge financial automation and intelligence to businesses across the Kingdom. This collaboration promises to transform the way businesses in Saudi Arabia manage their financial operations, providing them with secure, real-time access to critical financial data. By joining forces, Metric and Spare […]
The United Arab Emirates (UAE) has taken significant steps to position itself as a crypto-friendly jurisdiction by exempting cryptocurrency transfers and conversions from value-added tax (VAT). This move comes as part of a broader effort to streamline the country’s regulations around digital assets and boost its attractiveness as a hub for virtual asset transactions. New […]
Muscat, Oman – QPay, Oman’s newly licensed ‘Buy Now, Pay Later’ (BNPL) financial services provider, has announced the successful close of its seed funding round, led by Cyfr Capital. The investment marks a significant milestone for QPay, with this funding being part of Future Fund Oman (FFO)’s strategic mission to foster growth and innovation within […]
Jeel, a leading Saudi fintech company supported by Riyad Bank, is thrilled to announce the appointment of George Harrak as its new Chief Executive Officer. A renowned transformational leader, George brings over 20 years of experience in driving business strategy, innovation, and operational transformation across the global banking and ICT sectors. In his distinguished career, […]