7X, the trade, transport, and logistics investment and holding group, signed a Memorandum of Understanding (MoU) with SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm. The MoU, signed during Abu Dhabi Finance Week, lays the groundwork for exploring collaborative opportunities in the Middle East and North Africa (MENA), with a focus on empowering […]
Abu Dhabi, UAE – December 11th, 2024 – Numou Revolutionizes SME Financing in the UAE with Launch of Innovative Digital Lending Marketplace at ADFW Numou, a subsidiary of ADGM, the capital’s leading international financial centre, has officially launched a groundbreaking digital lending marketplace, with the goal of transforming the financing landscape for small and medium-sized enterprises […]
Dubai, UAE — du, a leading telecom and digital services provider in the UAE, has announced the launch of “Ultimate Plans,” an innovative suite of digital solutions developed to enhance productivity, bolster digital presence, and strengthen security for small and medium-sized enterprises (SMEs). This new offering, in collaboration with Microsoft, integrates advanced productivity and security […]
Abu Dhabi, UAE – October 24, 2024 – Magnati, a leader in payment solutions across the Middle East, has partnered with Ajman Bank to introduce an embedded finance solution tailored for small and medium-sized enterprises (SMEs). This collaboration aims to enhance SME growth in the UAE by providing seamless access to Shari’ah-compliant financial services, giving […]
The cumulative balance of financial facilities and loans extended by banks operating in the UAE to small and medium-sized enterprises (SMEs) reached AED 81.2 billion by the end of the first half of 2024, according to the latest data released by the Central Bank of the UAE (CBUAE). This represents 9.5 percent of the total […]
Dubai, UAE – Hubpay, a leading fintech company specializing in digital solutions for foreign exchange, has announced the launch of the UAE’s first fully automated hedging platform. This cutting-edge service aims to provide small and medium-sized enterprises (SMEs) with an essential tool to manage currency fluctuations, helping them stabilize their cash flows and navigate the […]
Dubai, UAE – October 2024: In a significant move to strengthen Dubai’s digital economy, the Dubai Department of Economy and Tourism (DET) has signed a strategic agreement with Network International, a leading enabler of digital commerce across the Middle East and Africa. The partnership, announced at GITEX Global 2024, is set to accelerate the growth […]
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 […]
In a groundbreaking move to support small and medium-sized enterprises (SMEs), Aura and Reem Finance have announced a strategic partnership. This collaboration aims to transform the trade finance landscape by combining Aura’s cutting-edge credit solutions with Reem Finance’s extensive infrastructure and expertise. Enhanced Financial SolutionsThe partnership will offer robust and flexible financing options tailored specifically […]