National Bank of Kuwait (NBK) acquires 51% of the Capital of the leading payment service provider, UPayments

National Bank of Kuwait (NBK) acquires 51% of the Capital of the leading payment service provider, UPayments

The collaboration aims to bring about a revolution in the way digital payments are conducted in the country. KUWAIT CITY: National Bank of Kuwait (NBK) announced that it has acquired a majority stake of 51% in Kuwait-based Payment Services Provider, and e-commerce enablement platform, UPayments. This acquisition represents a significant step forward in the digital […]

Kuwait-based E-Commerce Platform Bazzar Gate Secures $1 Million Funding

Kuwait-based E-Commerce Platform Bazzar Gate Secures $1 Million Funding

Kuwait – September 26, 2024: Bazzar Gate, a leading e-commerce platform in Kuwait, has successfully secured $1 million in funding to enhance and expand its innovative e-commerce solution, Partners. The platform, launched in January 2024, is designed to enable aspiring entrepreneurs to create fully functional e-commerce dropshipping businesses in just three minutes. With a current […]

Kuwait-based proptech Sakan Acquires Qatari Real Estate Platform Hapondo

Kuwait-based proptech Sakan Acquires Qatari Real Estate Platform Hapondo, Expanding Its Footprint in the GCC

Kuwait City, Kuwait – Sakan, a leading Kuwaiti real estate technology company, has announced its strategic acquisition of Hapondo, a prominent Qatari real estate marketing platform. This move marks a significant step in Sakan’s expansion strategy as it enters the Qatari real estate market, further solidifying its presence in the Gulf Cooperation Council (GCC) region. […]

Kuwait's Fastest-Growing P2P Payment App, Kem, Secures $3 Million Investment

Kuwait’s Fastest-Growing P2P Payment App, Kem, Secures $3 Million Investment from Tether to Boost Regional Adoption of USD₮

Tether‘s Strategic Investment in Kem Signals a Major Step Forward for Digital Finance in the Gulf Region, Aiming to Enhance Financial Inclusion and Stability Kuwait City, Kuwait – [August 15, 2024] – Kem, the fastest-growing peer-to-peer (P2P) payment app in Kuwait, has secured a $3 million investment from Tether, the world’s largest stablecoin issuer and […]