Dubai, United Arab Emirates, 21 November 2024: Mastercard and Fundbot, a UAE-based fintech firm specializing in supply chain financing, have announced a strategic partnership to revolutionize business-to-business (B2B) payment flows across industries. The collaboration will launch an advanced payments platform designed to seamlessly connect buyers and suppliers, driving efficiency and enhancing cash flow management. Initially […]
Epik Foods, a leading F&B group operating over 60 brands across the UAE, Saudi Arabia, and Oman, has successfully raised $15.5 million in private capital funding from Ruya Private Capital I LP, a fund managed by Abu Dhabi-based independent private credit firm Ruya Partners. The funding milestone coincides with the group’s first anniversary, marking a […]
SINGAPORE: Bitcoin surged past $96,000 for the first time on Thursday, fueled by investor optimism over a potentially friendlier regulatory environment under US President-elect Donald Trump. The cryptocurrency reached an intraday high of $96,898 in Asian trading, marking a significant leap in its march toward the $100,000 milestone. The digital asset has more than doubled […]
Dubai, UAE – Shipfinex, a groundbreaking maritime fintech platform, has successfully closed a $1.5 million seed funding round, signaling a major milestone in its mission to redefine access to maritime assets through blockchain technology. The funding round was led by Gaurav Mehta, Chairman of Best Oasis Limited and SPM Shipping DMCC, who joins Shipfinex as […]
Locad, a leading provider of Cloud Supply Chain-as-a-Service solutions, has raised $9 million in its pre-Series B funding round. The investment was co-led by Global Ventures and existing backer Reefknot Investments, with participation from Sumitomo Equity Ventures, Antler Elevate, Febe Ventures, and JG Summit. The funds will drive Locad’s international expansion, beginning with the UAE […]
Doha, Qatar — Ooredoo Fintech, the financial arm of Ooredoo Qatar, has announced a strategic partnership with global payments leader PayPal. This groundbreaking collaboration enables Ooredoo Money users in Qatar to seamlessly transfer funds between their wallets and PayPal accounts, while unlocking access to PayPal’s global commerce capabilities. This partnership is the first of its […]
Singapore: Bitcoin reached an all-time high of $94,078, fueled by reports suggesting that Donald Trump’s social media company, Trump Media and Technology Group (TMTG), is in advanced talks to acquire the cryptocurrency trading platform Bakkt. The surge reflects growing optimism about a crypto-friendly stance under the incoming Trump administration. The cryptocurrency, which has more than […]
ABU DHABI, UAE – PayBy Technology Projects LLC, a subsidiary of Astra Tech and one of the UAE’s leading fintech platforms, has achieved a groundbreaking milestone by securing a gaming-related license from the General Commercial Gaming Regulatory Authority (GCGRA). This marks a pivotal moment in the UAE’s journey to establish a robust and regulated commercial […]
BlackRock Inc., the world’s largest asset manager with $11.4 trillion in assets under management (AUM), has obtained a commercial license in Abu Dhabi, signaling its intent to deepen its footprint in the region. The company has also announced plans to seek regulatory approval to operate in the Abu Dhabi Global Market (ADGM). This strategic move […]
Jozo, a cutting-edge real estate fintech company, has unveiled its new digital platform in Saudi Arabia, offering individuals the chance to own fractional shares in real estate properties with unparalleled ease and transparency. This innovative platform is set to redefine property investment in the Kingdom by making real estate ownership more accessible and inclusive. With […]