October 15, 2024 – Agenz, a data-driven platform that delivers real-time property valuations and market insights in Morocco, has announced its latest undisclosed investment from Renew Capital. The funding will enable the platform to expand its reach and enhance its suite of services, aimed at bringing transparency and clarity to the country’s real estate sector. […]
Abu Dhabi, October 2024 — AED Stablecoin LLC has received in-principle approval from the Central Bank of the UAE to issue the country’s first AED-backed stablecoin, AE Coin, under the newly established “Payment Token Services Regulation” (Circular No. 2/2024, dated 7 June 2024). This milestone positions AED Stablecoin as the first entity in the UAE […]
Dubai-based Web3 gaming developer aims to blend entertainment with personalized financial education. Dubai-based Web3 gaming developer PiP World has successfully raised $10 million in capital from UAE-based fintech firm Exinity, according to a company statement. The funds will support PiP World’s mission to build an educational-focused ecosystem, which currently includes a Roblox stock simulator and […]
Dubai, UAE – 10 October 2024: MultiBank Group, the world’s largest traditional financial derivatives institution, has announced the official launch of its operations in the UAE through its subsidiary, MEX Digital FZE. The company has secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) and will operate under the […]
United Arab Emirates, October 9, 2024 – Elliptic, a global leader in blockchain analytics and digital asset risk management, has announced the opening of its new regional headquarters in the United Arab Emirates (UAE). This strategic move marks a significant milestone in Elliptic’s global expansion efforts and underscores the UAE’s growing prominence in digital asset […]
Jordan, October 2024 – Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced a strategic partnership with AlWasleh, a pioneering company specializing in Buy Now, Pay Later (BNPL) services. This collaboration aims to enhance consumer access to flexible payment solutions across Jordan. AlWasleh, renowned for offering […]
Sarwa, one of the UAE’s leading investment platforms, has launched options trading for its customers, becoming the first fintech in the Middle East to offer this service. This milestone marks a significant expansion of Sarwa’s offerings, positioning the platform at the forefront of innovation in the region’s financial technology space. Through a partnership with Alpaca, […]
New York, October 10, 2024 – Citi (NYSE: C) and Mastercard (NYSE: MA) have announced a groundbreaking collaboration that will offer cross-border payment solutions to Mastercard debit cards in 14 receiving markets worldwide, with plans for future expansion. This partnership leverages Citi’s WorldLink® Payment Services and Mastercard’s Move® money transfer capabilities to deliver near-instant, full-value […]
Riyadh, Saudi Arabia — OCTA, a fintech startup dedicated to transforming accounts receivable management for small and medium-sized enterprises (SMEs), has successfully closed a $2.25 million USD pre-seed funding round. The round was co-led by Quona Capital and Sadu Capital, with participation from Sukna Ventures, Plus VC, 500 Global, and notable angel investors, including Pawel […]
Dubai, UAE – October 10, 2024 – 4Partners, a Dubai-based dropshipping platform, has successfully raised $3.6 million in a funding round aimed at accelerating its entry into the UAE market and driving its regional growth and expansion plans. With this fresh capital, the company is set to empower businesses of all sizes to quickly launch […]