Userguest, a Moroccan startup founded in 2018 that helps hotels optimize their direct revenues, has successfully raised EUR 2.2 million (US$2.4 million) in a seed funding round to fuel its rapid expansion and drive product innovation. The funding round was led by Al Mada Ventures and included participation from prominent investors such as CDG Invest, […]
Collaboration Announced at 24 Fintech Event Aligns with Saudi Vision 2030’s Sustainability Goals Dubai, UAE – September 2024 – UAE-based Fils, an ESG-focused fintech that leverages blockchain technology, has partnered with Saudi Arabian tech platform Madkhol to offset the carbon footprint of Saudi capital market fintechs. The partnership, officially signed during the prestigious 24 Fintech […]
Muscat, Oman – Ooredoo Fintech has officially announced a strategic partnership with Mala’a, a leading fintech company in Oman, to integrate their innovative E-KYC (Electronic Know Your Customer) service, ‘Huwiya’. This collaboration is set to revolutionize Ooredoo Fintech’s customer verification processes, ensuring a more seamless, secure, and efficient onboarding experience for its users. The signing […]
The General Assembly of Banque Misr approved the financial statements for the fiscal year ending on December 31, 2023, highlighting remarkable growth in all business sectors. The bank’s total financial position reached EGP 2.6 trillion, showing a 14.9% growth from the previous year. A significant jump of 32.9% was observed in the net direct loans […]
Kenya – Safaricom and Mastercard have announced a strategic partnership aimed at enhancing digital payment solutions and cross-border remittance services across Kenya. The collaboration will leverage M-PESA’s extensive merchant network and Mastercard’s global payment infrastructure to empower over 636,000 merchants using the M-PESA mobile money platform. The partnership is expected to play a pivotal role […]
Abu Dhabi, UAE — First Abu Dhabi Bank (FAB), the first bank in the region to commit to a net-zero future, has announced a groundbreaking partnership with CarbonSifr to drive the measurement and reduction of its portfolio emissions. This collaboration marks a significant step forward in FAB’s sustainability efforts, enabling its corporate and commercial banking […]
Dubai, UAE – Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, and DP World, a global provider of end-to-end supply chain solutions, have announced the launch of a new co-branded corporate card in collaboration with Mastercard. The new credit card, designed to support businesses across various sectors, […]
Dubai, UAE – In a groundbreaking move for the regional fintech space, Astra Tech has introduced the “Send Now, Pay Later” (SNPL) feature to the UAE’s multi-billion-dirham remittance market. This innovative service, available through the Botim Ultra App, will serve over 9 million users, enabling them to remit money internationally with immediate transfers and the […]
Dubai, UAE – Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa, and Türkiye) region, has launched a new initiative enabling customers to invest in the UAE equity markets with zero transaction fees. This move aims to stimulate the growth of domestic stocks and bolster economic development within the country. Aligned […]
COREangelsMEA, a member of the global COREangels International network, has announced its latest investment in Plain Tiger, an innovative startup revolutionizing the B2B hospitality sector. The investment decision follows COREangelsMEA’s fourth investment committee, where Plain Tiger emerged as the top candidate from over 750 startup applications. While the exact investment amount remains undisclosed, the African […]