The Hashgraph Association (THA) to contribute the first $20 million to the fund, targeting strategic investments in both start-ups and enterprises seeking to adopt and innovate through advanced technologies such as Artificial Intelligence, Blockchain/DLT, Robotics, and Quantum Computing. Abu Dhabi UAE December 18, 2024: The Hashgraph Group (THG), the Swiss-based international business, technology, and investment […]
Abu Dhabi, UAE – December 18, 2024 – Anghami Inc. (NASDAQ: ANGH) has announced securing a significant new funding round of up to $55 million from OSN Group, with an initial investment of $12 million in a convertible note program. This milestone marks a major step forward in Anghami’s mission to revolutionize digital entertainment in […]
Dubai, United Arab Emirates – In less than two years since its launch, UAE-founded Revibe, the leader in guarantee-backed refurbished tech, has marked another milestone, having recently closed its Series A of US$7 million in a round co-led by ISAI and Resonance, and featuring prominent investors such as Kima Ventures and Edouard Mendy. This follows a […]
$1 billion of yield-bearing gold to be tokenized within the first year. Dubai, UAE – Fasset, a digital asset platform focused on enhancing financial inclusion in high-growth markets, today announced the introduction of ORO, the first application built on its Ethereum Layer 2 network, Own, in partnership with The Own Foundation. Through tokenization, ORO users will be […]
Through its AI and data analytics-based solutions, TeamSec seeks to create critical value for investors and financial institutions. December 17, 2024 Deniz Ventures, the venture capital fund of DenizBank, established under the Emirates NBD Innovation Fund – the Corporate Venture Capital arm of Emirates NBD Group, invests in TeamSec, a pioneer in AI-driven securitisation technology. […]
DMCC has announced the launch of the DMCC Crypto Centre Metaverse, representing a landmark application of the technology for one of the world’s leading Web3 ecosystems. Developed with Infinite Reality, a global leader in immersive technologies, the Metaverse will feature engaging gamified zones, including a trading game and a treasure hunt, offering exciting prizes for […]
December 16, 2024 Riyadh, Saudi Arabia – Saudi Venture Capital (SVC) announced its investment in Middle East Venture Fund IV, a venture capital fund managed by Middle East Venture Partners (MEVP). The fund size is $150 million. The fund will support technology startups with high growth potential that will have a positive long-term impact on […]
Known for its innovative approach, the company is revolutionizing how small to medium enterprises (SMEs) access working capital in the region. Since its inception, CredibleX has disbursed a substantial AED 100 million in loans, significantly impacting the local business ecosystem. The company recently announced a successful US$55m (AED 200m) seed funding round comprising both equity […]
Middle East expansion: Company strengthens international presence and signals commitment to Middle East by opening its first non-European office in Dubai. Dubai, UAE – Bitpanda, Europe’s leading crypto platform, is accelerating its global growth by obtaining an in-principle approval from the Virtual Assets Regulatory Authority (VARA) in under 8 months from submission. Once officially licensed Bitpanda […]
Enabling Beyon Money to offer its UAE customers a wider range of financial solutions. Manama, Bahrain: Beyon Money, part of the Beyon Group, has secured two new licenses from the Central Bank of UAE (CBUAE), marking a new milestone in its expansion strategy. The two licenses, RPSCS (Retail Payment Services and Card Schemes) and SVF (Store […]