Dubai, UAE – July 03, 2024 – BitOasis, the Middle East and North Africa’s (MENA) leading virtual assets trading platform, proudly announces its acquisition by CoinDCX, India’s largest crypto exchange. This historic deal follows a strategic investment by CoinDCX in BitOasis in August 2023 and marks a transformative moment for the MENA crypto market. Expanding […]
SMPL Holdings has announced the launch of SMPL Fund I, a $10 million venture capital fund focused on investing in technology and artificial intelligence companies across the Middle East, North Africa, and beyond. Mohammad Abusheikh, a founding partner of SMPL Holdings, emphasized the UAE’s appeal for startups and global talent. “The UAE has emerged as […]
Dubai, UAE – June 26, 2024 – OCTA and Comfi Payments, both esteemed alumni of the Sanabil 500Global accelerator program, are proud to announce a strategic partnership aimed at revolutionizing the collections process for businesses across the UAE. This collaboration leverages the strengths of both companies to automate collections through the UAE Direct Debit System […]
– The partnership aims to improve access to financial services for underserved segments in the MENA region through innovative digital lending solutions.– Fintech Galaxy’s FINX Connect will streamline Yabx’s lending processes, enhance credit assessments, and speed up loan approvals.– The use of FINX Connect is expected to improve operational efficiencies and recovery of debts by […]
Elevate, a London and Dubai-based fintech, has raised $5 million in a pre-series A investment round, according to the company’s statement, which does not name the investors. Elevate, the fintech company based in London and Dubai, has secured $5 million in a pre-Series A funding round. Elevate has already attracted over 150,000 users from Asia […]
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 […]
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 […]
OCTA is thrilled to announce a new partnership with MoneyHash, aimed at making payment processing easier than ever for our customers. Solving a Common Challenge Many businesses face a significant challenge when it comes to integrating new payment gateways. Customers often have existing payment setups and dread the hassle of incorporating another system just to […]
Lune, a prominent Emirati Financial Data Analytics company, has successfully concluded a seed funding round of $1.5 million, signaling a significant milestone in its expansion plans across the MENA region and solidifying its position as a frontrunner in data-driven financial solutions. The recent investment round, which builds upon Lune’s notable growth trajectory since its pre-seed […]