Verto has secured key regulatory approvals in the UAE, the US (Wyoming, Delaware, Illinois), South Africa, Kenya, and Nigeria. These licenses granted by the DFSA (UAE), individual US state regulators, and African financial authorities strengthen Verto’s ability to provide regulated money transfer services, foreign exchange, and local account solutions for businesses operating in these markets. […]
Dubai’s biggest bank, Emirates NBD, has jumped into the world of crypto trading, letting customers of its digital bank, Liv, buy, sell, and swap cryptocurrencies right through the Liv X app. They’ve teamed up with Aquanow, a legit digital assets company approved by Dubai’s Virtual Assets Regulatory Authority (VARA), to make it happen. The UAE […]
Kuwait-born and UAE-based q-commerce and foodtech Talabat has completed the acquisition of 100% of instashop from Delivery Hero SE for $32 million. With this acquisition, instashop becomes a wholly owned subsidiary of talabat, strengthening its grocery and retail offering and expanding its partner network across the MENA region. Instashop will continue to operate as an […]
LoftyInc Capital, a leading venture capital firm, has successfully reached the first close of its third and largest fund, LoftyInc Alpha. The fund aims to support late seed and Series A startups across Africa, marking a strategic shift in the firm’s investment focus. LoftyInc has previously invested in high-growth companies such as Flutterwave, Moove, Reliance […]
Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, is set to be the first bank in the UAE to introduce the Visa Commercial Pay-Mobile Module for its SME and Corporate clients, in collaboration with Visa. This initiative aligns with the UAE Government’s vision of digitalising payments […]
UAE, Dubai – March 5, 2025 – Darwinbox, a leading global human resource (“HR”) technology platform, today announced the signing of definitive agreements under which Partners Group, one of the largest firms in the global private markets industry (acting on behalf of its clients), and funds managed by KKR, a leading global investment firm, will […]
Dubai, UAE: Mastercard has signed a multi-year strategic agreement with Mashreq to support its launch as a digital bank in Pakistan. Announced at a signing ceremony held at Mashreq HQ in Dubai, UAE welcoming leadership from Mashreq and Mastercard, the collaboration is to be on card portfolios across the consumer, affluent, and business market segments. The […]
Doha, Qatar: Qatar Development Bank has signed a cooperation agreement with Rasmal Ventures on the sidelines of Web Summit Qatar 2025. The partnership is aimed at bolstering Qatar’s entrepreneurial ecosystem by supporting innovation, attracting global talent, and fostering local and regional growth opportunities for startups. Through this collaboration, the two parties seek to strengthen Qatar’s position […]
Africa, Middle East, Pakistan – Standard Chartered today announced a partnership with Village Capital to continue and expand its Futuremakers Women in Tech Accelerator across Africa, the Middle East, and Pakistan. Part of Futuremakers by Standard Chartered (Futuremakers), the Bank’s global youth economic empowerment initiative for disadvantaged young people, and with funding from the Standard Chartered Foundation. Futuremakers […]
UAE-based fintech BILRS has raised an undisclosed funding round from Salica Spring Studios, which is backed by Al-Waha Fund of Funds. Founded in 2022 by Rupert Shaw, BILRS provides international bill payment solutions, mobile top-ups, and gift cards, enabling seamless cross-border transactions in the B2B space. Through this investment, BILRS will be able to scale its operations, […]