Tokenization, or the process of turning stocks and other real world assets into digital tokens, is fast bridging the worlds of crypto and mainstream finance, and now sovereign wealth funds want in on the action. On Thursday, the Abu Dhabi-owned fund Mubadala Capital announced a partnership with Coinbase and infrastructure provider KAIO to offer a […]
Doha, Qatar: SkipCash, one of Qatar’s leading digital payments companies, today announced that it has secured a strategic investment from Qatar International Islamic Bank (QIIB), marking a significant milestone in the company’s growth journey and reinforcing its long-term vision of building the next generation of digital payment infrastructure for Qatar and the wider GCC. The investment […]
How institutional controls and policy-driven execution could bridge the gap between exploration and responsible deployment The Challenge: From Exploration to Responsible Deployment As banks, payment companies, stablecoin issuers and investment firms explore blockchain-based settlement, the main challenge is moving from early exploration to responsible deployment. Institutions want the speed and programmability of digital assets, but […]
London/Riyadh – Fina, the embedded finance platform of Saudi-based B2B enablement and fintech ecosystem SILQ, has secured a US$75 million (SAR 282M) Shariah-compliant facility from Fasanara Capital Ltd (“Fasanara”), a London-based global investment manager with approximately US$6 billion (SAR 22.5B) in assets under management. The facility will support Fina’s continued growth of embedded working capital […]
Alibaba Group-backed Ant International said on Monday it had raised about $1.2 billion in an equity financing round, with proceeds earmarked to expand its cross-border payments business and AI-powered commerce solutions globally. The Singapore- and Shanghai-based financial technology company said existing shareholders, including Ant Group and Alibaba Group, participated in the fundraising alongside international investment institutions. […]
Riyadh, Saudi Arabia – Saudi Venture Capital (SVC) has announced its investment in SEEDRA Ventures Fund II, a venture capital fund managed by SEEDRA Ventures, an entity licensed by the Capital Market Authority of Saudi Arabia. While sector-agnostic, the Fund is geared towards technology and tech-enabled startups, including Artificial Intelligence (AI), FinTech, and Proptech. The Fund primarily […]
Dubai: Uber Technologies has agreed to acquire Germany’s Delivery Hero SE in a deal valuing the global food delivery company at about €12.9 billion ($14.8 billion), marking one of the biggest transactions in the food delivery sector as the industry continues to consolidate. Under the agreement announced on Thursday, Uber will pay €41.50 per share […]
CAIRO, Egypt: Egypt-based e-commerce logistics startup Mylerz has raised more than EGP100 million (over $2 million) in a new debt and equity funding round from its existing shareholders to accelerate its expansion across the Egyptian market. The funding round was led by Lorax Capital Partners, with participation from Fawry and a group of existing investors. […]
CASABLANCA, Morocco: Morocco-based super app ORA Technologies has extended its Series A funding round to $10 million after raising an additional $2 million from local investors, reinforcing its position as one of the country’s best-funded consumer technology startups. Is ORA Technologies, its digital wallet that enables e-commerce transactions The latest investment will be used to […]
HONG KONG, BEIJING and SHANGHAI, July 9, 2026 /PRNewswire/ — Grace Investment Machine (“GIM”), an AI-native investment technology company building agentic systems for capital markets, today announced the close of its US$20 million Series A financing. The round was co-led by a leading US venture capital firm and Hony Capital, with participation from IDG Capital and existing […]