The Shariah-compliant digital bank is part of a growing wave of fintech startups building banking and payments services on top of blockchain and stablecoin rails. What to know: Fasset raised $51 million to expand its stablecoin-powered banking platform, with backing from Japan’s SBI Group, Investcorp and Turkey’s Arz Portföy. The Los Angeles-based startup uses stablecoins […]
Dubai, United Arab Emirates: RSA Cross-Border (RSA XB), a newly independent startup spun out from RSA Global, emerges from stealth with a $1.5M seed round to scale its software-first solution for cross-border e-commerce, with an initial focus on India-to-UK, India-to-Europe, and India-to-GCC corridors. The round was solely committed by 21 Ventures, who led and fully backed […]
TruKKer, the Middle East’s leading digital freight network, announced the successful closing of an inaugural trade receivables securitisation facility of up to US$300 million. Abu Dhabi Commercial Bank PJSC (ADCB) acted as the Sole Arranger and Sole Lender for the bespoke facility, which is backed by portfolios of trade receivables across the company’s operating geographies. A First-of-its-Kind Securitization […]
London, 12th May 2026 – Paymentology, the leading global issuer-processor, today announced a $175 million investment co-led by Apis Partners (”Apis”), a private equity firm specialising in financial infrastructure and services, and Aspirity Partners (“Aspirity”), a pan-European Private Equity firm focused on Financial Technology & Services and Enterprise Technology & Connectivity Services. The investment will support Paymentology’s continued global […]
Beltone Venture Capital and UAE-based Citadel International Holdings’ joint fund have successfully exited Bosta, delivering an outstanding 75% IRR. This milestone marks another significant achievement in the fund’s investment journey and reinforces the strength of strategic partnerships, disciplined execution, and value creation. The transaction represents the fifth successful exit for Beltone Venture Capital since its […]
Dubai, UAE – SHUAA Capital psc (DFM: SHUAA), a pioneer in regional financial services with a history spanning over four decades, and Key Capital Ltd, the region’s first dedicated venture capital secondaries asset manager, today announced a strategic partnership to support the development of the venture capital secondaries market across MENA and EMEA. Key Fund I […]
Abu Dhabi, UAE: CredibleX today announced its Series A funding round led by Mubadala Investment Company, an Abu Dhabi sovereign wealth fund, with participation from existing investor Further Ventures as part of a broader USD 15 million equity raise. CredibleX is a UAE-based SME licensed lender specialising in providing small and medium-sized enterprises (SMEs) with […]
Madeed, a Saudi platform specialising in preventative personalised healthcare, has secured additional pre-seed funding from SEEDRA Ventures, Unity Investment Partners, and Seen Growth. This funding is part of the investment round previously announced by the platform, which also included Vision Ventures and a group of Saudi investors, including Mashhour Al-Dubayan, Mazen Al-Darrab, and Abdullah Elias. […]
Davis AI, a proptech startup focused on transforming early-stage real estate development and architectural design, has emerged from stealth with a $5.5 million pre-seed funding round. The round was led by Heartcore Capital and Balderton Capital, with participation from Yellow, Evantic Capital, and a group of angel investors. Founded with the vision of addressing inefficiencies […]
Turning real-time, social experiences into high-value transactions and delightful customer experiences across the Gulf MENA – May 05, 2026: Siin, the fastest-growing live shopping marketplace in MENA, today announced new funding, bringing its total capital raised to $3 million. The round was led by VentureSouq and Shift Group, with participation from Plus VC, Oqal, […]