Blockchain and AI-powered invoice financing enabler InvoiceMate has announced a strategic partnership with retail technology provider 24SEVEN to enhance the retail supply chain across the UAE. This collaboration aims to bolster financial inclusion for thousands of SMEs by merging retail and payments data with advanced blockchain financing solutions. SMEs in the UAE often face significant […]
United Arab Bank (UAB) has announced a strategic partnership with Network International, a prominent enabler of digital commerce across the Middle East and Africa (MEA). This collaboration aims to provide UAB’s corporate clients with Network International’s comprehensive suite of merchant acquiring, card acceptance, and payment services through an integrated omnichannel approach. Nael Mourad, Head of […]
MoneyMatch, a recipient of Cradle’s CIP300 and an investee of Cradle Seed Ventures, has announced the successful signing of a Memorandum of Understanding (MoU) with Trade Foresight, a leading Data and AI-Driven Global TradeTech platform. This strategic collaboration aims to integrate cross-border payment solutions through an initial pilot test, leveraging Trade Foresight’s vast clientele. The […]
Dubai, UAE – May 20, 2024 – Fils, a leader in ESG-focused financial technology, has been honored as one of the top 50 impact technology firms in the prestigious Deloitte Technology Fast 50 Middle East 3rd Edition Award Programme. This initiative celebrates the region’s fastest-growing technology companies making significant impacts in their industries. The Deloitte […]
Mint, a leading payment solutions provider in the United Arab Emirates, has announced a strategic partnership with S2M as part of its ambitious expansion plans. This long-term collaboration aims to introduce a modular core banking platform characterized by an API-first architecture, cloud-agnostic capabilities, and high configurability. Abdulrazzaq Al Abdullah, Chairman and CEO of Mint Group, […]
Keyper, a leading prop-tech company in the UAE, has announced a successful pre-series A capital raise of $4 million in equity. The round was spearheaded by prominent regional venture capital firms BECO Capital and Middle East Venture Partners (MEVP), with additional backing from existing investors Vivium Holding, Jabbar Group, Signature Developers, and new investors including […]
In a significant move to bolster the financial payments ecosystem in the United Arab Emirates (UAE), Mastercard has joined forces with ABHI, a leading embedded finance platform backed by Hub71. This collaboration aims to revolutionize the accessibility of financial services, particularly for ABHI’s Earned Wage Access (EWA) users, by introducing Mastercard-powered Salary Advance Cards. Through […]
In a move set to revolutionize international money transfers, du Pay has just unveiled its groundbreaking collaboration with global financial giant, Western Union. This strategic partnership aims to enhance the user experience and streamline cross-border transactions through the innovative du Pay app. With Western Union’s extensive transfer infrastructure and unparalleled expertise in connectivity, coupled with […]
Lune, a prominent Emirati Financial Data Analytics company, has successfully concluded a seed funding round of $1.5 million, signaling a significant milestone in its expansion plans across the MENA region and solidifying its position as a frontrunner in data-driven financial solutions. The recent investment round, which builds upon Lune’s notable growth trajectory since its pre-seed […]
NymCard, a pioneering embedded finance solutions provider in the MENAP region, has joined forces with Dellsons Associates (Pvt) Ltd, a distinguished banking consultancy firm, to spearhead innovation and empower businesses across the Middle East and Pakistan. The partnership, solidified at the recent Dubai Fintech Summit, marks a pivotal moment in the evolution of financial services […]