Elevate, a London and Dubai-based fintech, has raised $5 million in a pre-series A investment round, according to the company’s statement, which does not name the investors. Elevate, the fintech company based in London and Dubai, has secured $5 million in a pre-Series A funding round. Elevate has already attracted over 150,000 users from Asia […]
XSquare is thrilled to announce a strategic partnership with Fracxn, aiming to transform financial solutions for small and medium-sized enterprises (SMEs) and streamline B2B payments across the region. This collaboration is set to benefit over 800,000 SMEs, enhancing their financial operations and boosting their ability to manage an estimated $80 billion in receivables. The partnership […]
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 […]