Fintech News UAE

Left, Ahmed Shabrawy, CIO + Right, Karim Khorshed, CEO

Abu Dhabi, UAE – Stride Ventures, a leading global venture debt firm based in India, has announced a significant milestone in its international strategy with its first venture debt investment in the Gulf Cooperation Council (GCC) region. The firm is committing USD 1 million to Maalexi, a dynamic risk management platform, as part of a […]

Mashreq Bank announced a 14% year-on-year increase in net profit for the first half of 2024, amounting to AED 4.0 billion. This growth reflects strong business performance and a positive economic outlook, supported by robust customer activity and a stable macroeconomic environment. In a statement, H.E. Abdul Aziz Al Ghurair, Chairman of Mashreq, expressed confidence […]

Dubai, UAE – July 25, 2024– Mamo, a pioneering fintech startup based in the United Arab Emirates, has successfully completed a $3.4 million funding round. This round was led by existing investor 4DX Ventures and the Dubai Future District Fund (DFDF), with participation from Cyfr Capital. The newly secured funds will fuel Mamo’s mission to […]

Pathfinder, a trailblazer in retail technology solutions, has announced a significant investment of $325 million from Silver Rock Group. This equity line of credit is set to coincide with Pathfinder’s upcoming listing on NASDAQ in Q4 2024, marking a critical phase in the company’s expansion and innovation journey. Investment Details and Strategic Purpose Silver Rock […]

Paymob, a leading fintech company, has announced a strategic partnership with Homegrown Ventures, a Dubai-based venture capital fund specializing in Fast Moving Consumer Goods (FMCG) startups. This collaboration aims to leverage Paymob’s cutting-edge payment solutions to enhance the e-commerce operations of Homegrown Ventures’ portfolio companies. Through this partnership, FMCG startups will benefit from streamlined payment […]

Nairobi, Kenya – Diamond Trust Bank (DTB), a tier-one bank listed on the Nairobi Securities Exchange (NSE) with over 75 years of operation in East Africa, has announced a strategic partnership with Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA). The collaboration aims to enhance DTB’s digital product […]

In a groundbreaking move to support small and medium-sized enterprises (SMEs), Aura and Reem Finance have announced a strategic partnership. This collaboration aims to transform the trade finance landscape by combining Aura’s cutting-edge credit solutions with Reem Finance’s extensive infrastructure and expertise. Enhanced Financial SolutionsThe partnership will offer robust and flexible financing options tailored specifically […]

Dubai, UAE – [Date] – RAKBANK has announced the successful issuance of its 5-year Euro Medium-Term Note (EMTN) Bond under its Social Finance Framework. The bond issuance attracted significant investor interest and was oversubscribed by more than three times, enabling the bank to upsize the issue to USD 600 million. The strong demand also allowed […]

Abu Dhabi, 18th July 2024 (WAM) – Abu Dhabi Commercial Bank PJSC (ADCB) has announced its financial results for the second quarter of 2024 (Q2’24), showcasing a strong performance driven by double-digit year-on-year (YoY) growth in both net interest income and non-interest income, underpinned by robust UAE economic fundamentals. According to the financial results statement, […]