UAE-based AI startup qeen.ai announced today that it has successfully secured a $2.2 million pre-Seed funding round to drive its mission to transform the global e-commerce landscape, starting in the MENA region. The round is led by Wamda Capital, with participation from international and regional investors, including 10x Founders, Aditum and Dara Holdings, along with […]
Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced its role in driving payments innovation in the UAE by being among the first acquirers to activate ‘Jaywan’, the UAE’s Domestic Card Scheme. This initiative is in partnership with Al Etihad Payments, a subsidiary of the Central […]
MyFatoorah is proud to announce a groundbreaking partnership with Classera, the largest e-learning company in the region and a global leader in educational technology. This collaboration aims to streamline payment processes for educational institutions, significantly enhancing their operational efficiency and enabling them to concentrate more on their core mission of delivering quality education. The partnership […]
Dubai’s Roads and Transport Authority (RTA) has entered into a strategic partnership after signing an MoU with SmartCrowd Holding Ltd, the parent company of SmartCrowd Ltd. The latter, licensed by the Dubai Financial Services Authority (DFSA), is recognized as the first digital platform specialising in real estate investment and crowdfunding across the Middle East and […]
Jumia, Egypt’s leading e-commerce platform, has announced an expansion of its strategic partnership with Contact CrediTech, the digital consumer finance arm of Contact Financial Holding. This collaboration aims to enhance the financial services available to their respective customers, building on the success of their initial partnership established in January 2023. The expanded partnership will provide […]
In a significant move towards enhancing convenience and digital payment infrastructure, all taxis in Ras Al Khaimah are now fully equipped with Network POS terminals. This landmark achievement is the result of a collaborative effort between local taxi operators and the RAK Transport Authority, demonstrating a strong commitment to modernizing public transportation and improving the […]
Astra Tech, the region’s largest tech ecosystem and fastest-growing fintech company headquartered in Abu Dhabi, has announced the strategic opening of its new Dubai office within the DIFC Innovation Hub. This move positions Astra Tech as the largest fintech entity within the thriving innovation ecosystem of the Dubai International Financial Centre (DIFC). The official announcement […]
Shorooq Partners has launched a new fund in collaboration with IMM Investment Global, the international arm of the Korean private equity and venture capital firm IMM Investment, which boasts over US$6 billion in assets under management. IMM Investment Global joins the fund as a minority partner. Shane Shin, founding partner at Shorooq Partners, emphasized the […]
HSBC has announced the launch of its new e-commerce digital payment platform, Omni Collect, in the UAE in collaboration with Saudi-based fintech leader Geidea. This innovative platform, available to corporate customers via HSBCnet, aims to simplify and streamline digital payment collections for goods and services across multiple channels, including credit and debit cards and e-wallets […]
United Arab Bank (UAB) has entered into a strategic partnership with Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA). This collaboration aims to enhance UAB’s corporate client services through Network International’s state-of-the-art omnichannel payment solutions in the UAE. Through this partnership, UAB will provide its corporate clients with […]