This partnership represents a critical milestone for both companies as they combine advanced financial solutions with bold environmental action. Abu Dhabi, UAE: In a groundbreaking partnership poised to reshape the region’s financial and environmental landscape, Fuze, a leading digital assets infrastructure provider in MENA, and Fils, an award-winning platform embedding sustainability and climate action into business […]
Zand Revolutionizes UAE Banking with Institutional-Grade Digital Asset Custody
Dubai, United Arab Emirates: Zand, the UAE’s first fully licensed, AI-powered digital bank, is proud to announce the launch of its Digital Asset Custody services. This innovative offering, approved by the Virtual Asset Regulatory Authority (VARA), positions Zand as the first UAE bank to provide institutional-grade digital asset custody services under its banking license.Designed for corporate […]
ADIB Ventures partners with Lean Technologies to deliver Innovative Products
Abu Dhabi, UAE: ADIB Ventures, an initiative launched by Abu Dhabi Islamic Bank (ADIB) has signed a strategic partnership with Lean Technologies, the MENA region’s premier fintech infrastructure provider. The announcement was made in coordination with Hub71 at Abu Dhabi Finance Week 2024, where the organisations shared their vision of advancing financial innovation and delivering […]
Invest2Innovate Launches Pakistan Startup Ecosystem Report 2024
Invest2Innovate (i2i) has officially launched the Pakistan Startup Ecosystem Report 2024 (PSER 2024), marking the fourth edition of its flagship initiative. The report was unveiled during a high-profile event held at a local hotel, which brought together prominent leaders from Pakistan’s entrepreneurial ecosystem, including investors, policymakers, and other key stakeholders. The report arrives at a critical […]
India 100Unicorns Launches $200M Fund 2, Expands to MENA with ADGM Office
100Unicorns, India’s largest early-stage accelerator venture capital (VC) fund, has announced Abu Dhabi, as its first foreign market expansion with the opening of its office in ADGM, the international financial centre of Abu Dhabi. Formerly known as 9Unicorns, 100Unicorns was launched in 2020 with the vision to nurture and create 50+ category leaders and now […]
UAE-based biotech BioSapien Secures $5.5 Million Pre-Series A Funding to Revolutionize Cancer Treatment
Funding round led by MENA’s leading VC firm – Global Ventures, with participation from Dara Holdings. December 12, 2024 Abu Dhabi, UAE – BioSapien – the patented drug delivery platform treating cancer ‘locally’ – announces its $5.5 million (20.2M AED) pre-Series A fundraise. The funding was led by Global Ventures – MENA’s leading VC firm, with […]
JazzCash Partners with LEJION MEDIA to Streamline UAE-to-Pakistan Remittances
Dubai, UAE: JazzCash, Pakistan’s leading mobile wallet provider, has announced a strategic partnership with LEJION MEDIA to revolutionize remittance services for Pakistanis residing in the UAE. This collaboration aims to simplify money transfers, enabling seamless remittances directly to JazzCash wallets in Pakistan. As the UAE remains the second-largest source of remittances to Pakistan, this partnership […]
Pakistani fashion marketplace LAAM Secures $5.5 Million Seed Funding Co-lead by Zayn VC & Disrupt.com
The global South Asian ethnic wear market is set to reach $129 billion by 2030, with digital spending projected to drive nearly $46 billion of this growth. Leading the charge in this evolving landscape is LAAM, a premier Pakistan-based fashion marketplace for South Asian apparel, which has announced a $5.5 million seed funding round to expand […]
ACI Worldwide Scamscope Estimates 43% YoY Growth in UAE APP Scam Losses for 2024, Projects US$30 Million in Losses by 2028
Dubai, United Arab Emirates – 12 December 2024 – Authorized push payment (APP) scam losses are on the rise, expected to climb to US$7.6 billion by 2028 across six leading real-time payment markets (U.S., U.K., India, Brazil, Australia and UAE), according to the latest Scamscope report from ACI Worldwide (NASDAQ: ACIW), an original innovator in global […]
UAE-based B2B autotech BuyAnyAutoPart secures $750,000 Pre-Seed Funding
BuyAnyAutoPart, a UAE-based B2B used car part aggregator disrupting the region’s multi-billion-dollar used car part market, has secured USD 750,000 in pre-seed funding. The company, which focuses on the search and supply of used car parts to the region’s multi-brand workshops, has attracted investment from prominent backers, including Galadari Brothers, the exclusive dealer for Mazda […]