Remitly has been granted a Stored Value Facilities (SVF) and Exchange Business Category IV licence by the Central Bank of the United Arab Emirates (CBUAE), marking a significant milestone in the company’s expansion strategy across the UAE and the wider Middle East. The licence formally recognizes months of regulatory engagement and market preparation by Remitly, […]
Dubai, UAE – Keyper, the UAE-based proptech company transforming how people rent, manage and own residential property Digital Rental Payments, has raised US$11 million in a Series A funding round led by Speedinvest, one of EMEA’s leading venture capital firms, alongside NeoVentures, a wholly owned subsidiary of Mashreq and the bank’s Corporate Venture Capital Fund, Middle East […]
Dubai, United Arab Emirates – UAE-based climatetech startup Planno has secured a strategic investment from Incubayt Investments, the sustainability-focused venture firm founded by Sami Khoreibi, to accelerate its international expansion and enhance its geospatial artificial intelligence (GeoAI) platform for the solar industry. Founded in 2023 by Daniel Domingues, Planno has developed a GeoAI platform that […]
Deutsche Bank announced that it has been granted a Regional Headquarters license (RHQ) by the Ministry of Investment of Saudi Arabia (MISA), marking a further milestone in the Bank’s long-standing commitment to the Kingdom and the wider Middle East region. Regional Headquarters License: Central platform for Deutsche Bank’s regional management The regional headquarters will be based […]
Dhahran, Saudi Arabia, Uvera, a deep-tech Saudi startup that is developing shelf-life extension and supply chain intelligence solutions for the fresh food industry, today announced the successful close of its seed funding round. The round included participation from Morgan Stanley Inclusive & Sustainable Ventures; LAB7, the venture-building arm of Aramco; Core Vision; and a group of […]
Dubai, United Arab Emirates — Taptap Send, a leading cross-border payments platform, today becomes one of the first companies to be granted all three licenses by the Central Bank of the United Arab Emirates (CBUAE): Stored Value Facilities, Retail Payment Services (Category II), and Exchange Business (Category IV). The licenses mark a major expansion of Taptap Send’s financial […]
Dubai UAE: du Pay, the advanced digital financial services subsidiary of du, has launched a campaign in partnership with Gcash, the Philippines’ most widely used mobile wallet, operated by Globe Telecom, to deliver a smarter remittance experience for Overseas Filipino Workers (OFWs) across the UAE. Building on the partnership formalised through a Memorandum of Understanding (MoU) […]
Amman, Jordan: GatetoPay has joined Mastercard’s Product Express platform, marking a significant step in strengthening Jordan’s fintech ecosystem by enabling faster, more secure, and scalable payment solutions for fintech companies and startups. The collaboration forms part of Mastercard’s broader Engage program strategy, which is designed to simplify fintech enablement and accelerate market entry. Product Express […]
Manama, Bahrain – National Bank of Kuwait – Bahrain (NBK Bahrain) is pleased to announce that it has been recognized by Visa; a global leader in digital payments, for its exceptional performance and leadership in the Kingdom’s payments industry. About National Bank of Kuwait-Bahrain NBK Bahrain was awarded for achieving the fastest transaction count year-on-year (y/y) […]
Dubai, United Arab Emirates: Dubizzle Group, the leading online classifieds platform in the Middle East, today announced a strategic partnership and investment in Takeem, the UAE-based rent guarantee platform. As part of the partnership, Bayut and dubizzle will be the exclusive portal for Takeem’s Rental Guarantee solution, complementing the Group’s growing suite of rental services with […]