Dubai, UAE – Toothpick is excited to announce its strategic partnership with Amazon Payment Services to launch Toothpay, a groundbreaking direct patient payment solution. This collaboration aims to streamline transactions and enhance efficiency in dental care payments. Toothpay leverages the seamless integration capabilities of Amazon Payment Services, providing a user-friendly, secure, and efficient payment experience […]
Singapore, National Pulse, a strategic management company from the United Arab Emirates, has announced an investment in Singapore-based payment solutions provider Aleta Planet. Financial details of the investment were not disclosed. Aleta Planet revealed that this investment will facilitate its expansion into the UAE, the Middle East, and Africa, enabling it to offer cross-border payment […]
Etihad Credit Insurance (ECI) has joined forces with Wio Bank to enhance the export potential of UAE businesses through the “Xport Xponential” program. This landmark agreement was signed by H.E. Raja Al Mazrouei, CEO of Etihad Credit Insurance, and Jayesh Patel, CEO of Wio Bank. Wio Bank, a pioneering digital banking platform, is dedicated to […]
RAKBANK has reported impressive financial results for the first half of 2024, showcasing significant growth in key metrics. The bank’s net profit before tax surged by 33% to AED 1.2 billion, while net profit after tax increased by 21% year-on-year, reaching AED 1.1 billion. Total income for the period rose by 8.7% to AED 2.3 […]
Dubai, UAE – Al Ansari Financial Services PJSC (“AAFS” or the “Company”) (DFM: ALANSARI), a leading integrated financial services group in the UAE, has signed a Sales and Purchase Agreement (“SPA”) to acquire 100% of BFC Group Holdings W.L.L. (“BFCGH”), a prominent foreign exchange and remittance group based in Bahrain. The acquisition, valued at USD […]
Dubai, United Arab Emirates: Pluto, the UAE’s leading home-grown end-to-end spend management platform, has achieved a significant milestone by securing an In-Principle approval for its Payment Services Business from the Dubai Financial Services Authority (DFSA). This pivotal achievement underscores Pluto’s commitment to offering cutting-edge financial infrastructure to small and medium-sized businesses (SMBs) and corporations operating […]
Dubai, UAE – July 29, 2024 – Network International (Network), the leading enabler of digital commerce across the Middle East and Africa, and Biz2X®, a global fintech with a robust presence in the U.S., India, and Australia, today announced a groundbreaking partnership. The collaboration aims to unlock new sources of capital for Network’s SME merchants […]
Dubai, UAE – Watermelon Ecosystem, a rapidly growing startup transforming the food and beverage (F&B) industry, has successfully closed its $4 million Series A funding round. The new investment, which grants investors a 13.8% capital shareholding, implies a post-money valuation of $29 million for the company. This follows a successful seed round concluded in 2022. […]
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 […]