Fintech News UAE Staff

Riyadh, Saudi Arabia – Intelmatix, a prominent deep-tech AI company, has successfully closed a $20 million Series A funding round. The round was led by Shorooq Partners and attracted investments from notable public and private institutions, including Saudi Venture Capital Company (SVC), Saudi Technology Ventures (STV), Olayan Financing Company, Sultan Holdings, Zain Ventures, and Rua […]

Dubai, UAE – July 29, 2024 – Network International (Network), the leading enabler of digital commerce across the Middle East and Africa, and Biz2X®, a global fintech with a robust presence in the U.S., India, and Australia, today announced a groundbreaking partnership. The collaboration aims to unlock new sources of capital for Network’s SME merchants […]

Dubai, UAE – Watermelon Ecosystem, a rapidly growing startup transforming the food and beverage (F&B) industry, has successfully closed its $4 million Series A funding round. The new investment, which grants investors a 13.8% capital shareholding, implies a post-money valuation of $29 million for the company. This follows a successful seed round concluded in 2022. […]

Left, Ahmed Shabrawy, CIO + Right, Karim Khorshed, CEO

Abu Dhabi, UAE – Stride Ventures, a leading global venture debt firm based in India, has announced a significant milestone in its international strategy with its first venture debt investment in the Gulf Cooperation Council (GCC) region. The firm is committing USD 1 million to Maalexi, a dynamic risk management platform, as part of a […]

Mashreq Bank announced a 14% year-on-year increase in net profit for the first half of 2024, amounting to AED 4.0 billion. This growth reflects strong business performance and a positive economic outlook, supported by robust customer activity and a stable macroeconomic environment. In a statement, H.E. Abdul Aziz Al Ghurair, Chairman of Mashreq, expressed confidence […]

Dubai, UAE – July 25, 2024– Mamo, a pioneering fintech startup based in the United Arab Emirates, has successfully completed a $3.4 million funding round. This round was led by existing investor 4DX Ventures and the Dubai Future District Fund (DFDF), with participation from Cyfr Capital. The newly secured funds will fuel Mamo’s mission to […]

Pathfinder, a trailblazer in retail technology solutions, has announced a significant investment of $325 million from Silver Rock Group. This equity line of credit is set to coincide with Pathfinder’s upcoming listing on NASDAQ in Q4 2024, marking a critical phase in the company’s expansion and innovation journey. Investment Details and Strategic Purpose Silver Rock […]

Paymob, a leading fintech company, has announced a strategic partnership with Homegrown Ventures, a Dubai-based venture capital fund specializing in Fast Moving Consumer Goods (FMCG) startups. This collaboration aims to leverage Paymob’s cutting-edge payment solutions to enhance the e-commerce operations of Homegrown Ventures’ portfolio companies. Through this partnership, FMCG startups will benefit from streamlined payment […]

Nairobi, Kenya – Diamond Trust Bank (DTB), a tier-one bank listed on the Nairobi Securities Exchange (NSE) with over 75 years of operation in East Africa, has announced a strategic partnership with Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA). The collaboration aims to enhance DTB’s digital product […]