Doha – Finastra, a global provider of financial software applications and marketplaces, today announced it has been selected by Al Rayan Bank, one of the largest Islamic banks in Qatar with international presence, to implement a new, fully-fledged Islamic core banking solution. By moving to Finastra’s next-generation solution, the bank will benefit from a holistic offering that […]
Riyadh, KSA: LAHINT, a leading company specializing in government services automation, has successfully closed its SAR 4 million Pre-Seed funding round on the second day of its participation in the LEAP 2025 global conference in Riyadh. The company reaffirmed its strategic goal of automating 50 government services by 2027, positioning LAHINT as the go-to platform […]
Manama, Bahrain: Qareeb Data Centres, the Middle East’s first edge data centre provider, and Pantheon, a full-service global Bitcoin mining service provider, announced today they have signed a Memorandum of Understanding (MoU). This MOU sets out a strategic partnership between Pantheon and Qareeb to cover the rollout of Pantheon Bitcoin mining data centres across the Middle East region. […]
Bahrain-born edtech startup Unipal has raised its Pre-Series A investment round for an unknown amount. The round is led by Plus VC with participation from Al Jazira Capital, RZM Investments, Falak Angels, Doha Tech Angels and other angel investors. Founded in 2020 by Ali Alalawi and Ali Al Shaer, Unipal offers an online education application […]
DOHA: In a significant step toward advancing digital transformation, QIIB and Visa have signed a Strategic Partnership Agreement focusing on card payments and the development of innovative products and services. The agreement was signed by Dr. Abdulbasit Ahmed Al Shaibei, CEO of QIIB, and Dr. Saeeda Jaffar, Visa’s SVP and Group Country Manager for GCC. […]
Riyadh, Saudi Arabia – Sanad Cash, Inc. has officially launched its corporate cards in Saudi Arabia in collaboration with neoleap, bringing a cutting-edge spend management platform tailored for finance teams in the Kingdom. This strategic partnership introduces a comprehensive solution that streamlines corporate expense management through instant corporate card issuance, real-time spending insights, and automated […]
Riyadh, Saudi Arabia – Madkhol Capital, a fintech innovator specializing in robo-advisory investment solutions, has successfully closed its initial investment round, raising 8.28 million SAR ($2.2 million). The funding round was co-led by Seize | Institute of Consulting and Business Solutions and numu Angel Investing Community, with participation from prominent individual angel investors. Founded in […]
Abu Dhabi, UAE – Finstreet Ltd, an IHC Group company through Sirius International Holding, announces the signing of a Memorandum of Understanding (MoU) with One Investment Management (“OneIM”), a global alternative investment management firm. This marks the beginning of a collaborative effort to explore opportunities across products focused on credit assets under ADGM’s regulatory framework. Leveraging […]
Cohort 16 startups have raised over USD 145 million (AED 532 million), with 63 per cent of selected startups headquartered outside the UAE, reinforcing Hub71’s success in attracting high-growth international startups Hub71, Abu Dhabi’s global tech ecosystem, has welcomed 27 startups as part of Cohort 16 across Hub71’s three programs, Access, Hub71+ ClimateTech and Hub71+ Digital Assets. This new addition […]
Riyadh, Saudi Arabia – As Saudi Arabia’s construction sector continues its rapid expansion, Riyadh-based start-up BRKZ has announced an additional $8 million in equity funding, successfully closing its Series A round. This latest investment doubles the previously raised amount, bringing the total Series A funding to $17 million, alongside an additional $1 million in debt financing. […]