Abu Dhabi, UAE — Etihad Credit Bureau (ECB), the federal entity specializing in data technology and credit reporting, has announced a strategic collaboration with Al Ansari Exchange, the UAE’s largest remittance and foreign exchange company, and a subsidiary of Al Ansari Financial Services PJSC [DFM: ALANSARI]. This partnership aims to streamline access to credit reports […]
UAE-based fintech platform FlapKap has successfully raised $34 million in a funding round combining debt and equity, bringing its total funding to $37.6 million. The fundraising round was led by BECO Capital, with participation from new investor Pact VC. Existing backers, including A15, Nclude, and QED Investors, also joined the round, alongside debt financing provided […]
Empowering users to spend cryptocurrencies directly from self-custodial wallets at over 100 million merchants across Europe. Mastercard, the global payments giant, has announced a groundbreaking partnership with Mercuryo to launch a euro-denominated cryptocurrency debit card. This innovative product enables users to spend their digital assets directly from self-custodial wallets at more than 100 million merchants […]
Karachi, Pakistan – In a significant move to enhance financial inclusion and convenience, the National Bank of Pakistan (NBP) has announced a strategic partnership with myZoi Financial Inclusion Technologies (myZoi), a UAE-based fintech company dedicated to fostering financial literacy and accessibility. This collaboration is designed to make cross-border fund transfers more accessible, especially for underbanked […]
Dubai, UAE – September 3, 2024: Following the success of their inaugural hackathon in November 2023, the Dubai Multi Commodities Centre (DMCC) and global crypto exchange Bybit have announced the launch of their second joint hackathon. Set to take place on November 20, 2024, at DMCC’s Uptown Tower headquarters, the event offers a prize pool […]
Dubai, UAE – September 3, 2024 – Ziina, the UAE’s leading financial platform for consumers and businesses, has successfully raised $22 million in a Series A funding round, marking a significant milestone in its mission to transform financial services in the region. The round was led by US-based Altos Ventures, with participation from top-tier investors […]
Riyadh, Saudi Arabia – September 2024: Tabby, the MENA region’s leading shopping and financial services app, has announced a definitive agreement to acquire Tweeq, a Saudi-based digital wallet licensed by the Saudi Central Bank (SAMA). This milestone announcement was made during the 24 Fintech event, Saudi Arabia’s flagship fintech gathering. Under the terms of the […]
Abu Dhabi, UAE – Klumi Ventures, the leading blockchain-native Venture Capital Firm and Fund Manager based in Abu Dhabi, has announced a strategic partnership with Fuze, the Middle East’s foremost regulated digital assets and blockchain infrastructure provider for financial institutions. This collaboration aims to bridge the gap between traditional finance and digital assets across the […]
Abu Dhabi, August 29, 2024 – Verofax, a leading Abu Dhabi-based Web3 services provider, has successfully raised $3 million in bridge capital. The funding round was led by prestigious investors, including King Abdullah University for Science and Technology, Plug & Play Tech Center, Navig8 Group, and Trove Capital UK. Other notable participants in the round […]
Dubai, UAE – : Dubai AI Campus, the largest dedicated cluster of AI companies in the region, located within the DIFC Innovation Hub, has announced a strategic collaboration with Google Cloud aimed at fostering the growth of the startup ecosystem in Dubai. This partnership seeks to leverage Google Cloud’s expertise and resources to empower startups […]