Ras Al Khaimah, UAE – Ras Al Khaimah Economic Zone (RAKEZ) has announced the launch of the Workers Protection Insurance Programme, a landmark initiative in collaboration with RAKINSURANCE. This programme is designed to significantly bolster the financial security and welfare of workers employed by RAKEZ-registered companies. The initiative is in line with the Ministry of […]
Dubai, United Arab Emirates – The National Bank of Ras Al Khaimah (RAKBANK), a leading UAE financial institution known for its pioneering efforts in the digital assets sector, has entered into a strategic partnership with Bitpanda Technology Solutions, a global leader in digital assets infrastructure. This collaboration is set to revolutionize the digital financial landscape […]
August 15, 2024 – Mastercard has announced a strategic partnership with Scale, a leading issuer orchestration partner, aimed at accelerating market deployment for fintech companies across Africa and the Middle East. This collaboration is expected to significantly reduce technical and commercial barriers that fintech firms, aggregators, enablers, payment service providers (PSPs), and telcos face when […]
Dubai, UAE – Yuze, a UAE-based FinTech company specializing in financial services for SMEs, e-traders, and freelancers, has successfully raised $30 million in a recent funding round led by Osten Investments. This substantial investment is set to drive Yuze’s ambitious expansion plans, with the company aiming to serve one million SME and professional customers within […]
Tether‘s Strategic Investment in Kem Signals a Major Step Forward for Digital Finance in the Gulf Region, Aiming to Enhance Financial Inclusion and Stability Kuwait City, Kuwait – [August 15, 2024] – Kem, the fastest-growing peer-to-peer (P2P) payment app in Kuwait, has secured a $3 million investment from Tether, the world’s largest stablecoin issuer and […]
Dubai, UAE—August 14, 2024—MealPlanet, a UAE-based meal plan startup, has successfully raised $6 million in a seed funding round, attracting significant investment from leading regional venture capital firms, including Middle East Venture Partners (MEVP), AlTouq Group, Sanabil 500, Faith Capital, and Alturki Ventures. Esteemed entrepreneurs Marc Lore and Samih Toukan also participated in the round, […]
[Dubai, UAE] — In a significant move to bolster the SME ecosystem, CredibleX has officially joined the exclusive consortium led by Haifin, an e& enterprise company. This strategic partnership represents a monumental step forward in enhancing transparency across the SME value chain and providing seamless access to flexible financing options. The collaboration aims to empower […]
Dubai, UAE – NOW Money, a pioneering fintech company that provides banking and payroll solutions to the underbanked migrant population in the Middle East, has announced new strategic partnerships with Commercial Bank International (CBI) and Network International (Network). These alliances represent a significant milestone in NOW Money’s ongoing mission to deliver accessible and inclusive financial […]
Amman, August 2024 – AHLI FINTECH, a wholly-owned subsidiary of Jordan Ahli Bank, has announced a strategic partnership with CloudVests, an AWS Advanced Consulting Partner. This collaboration is aimed at strengthening support for fintech startups by providing specialized cloud services, training, and migration support. The partnership was formalized through a Memorandum of Understanding (MoU), under […]
Blockscout, the leading open-source block explorer for all EVM-based chains, has successfully closed a $3 million seed round led by 1kx. The funding round also saw participation from notable investors such as Primitive Ventures and Gnosis, along with angel investors including Evan Van Ness, Alex Svanevik, Kartik Talwar, Anton Bukov, and Stefan George. With this […]