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 […]
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 […]
San Francisco, October 9, 2024 — Stripe, a leading financial infrastructure platform, today announced an expanded partnership with NVIDIA, aimed at advancing AI technology to benefit Stripe’s customers and improve fraud detection. The collaboration will also broaden global access to NVIDIA’s cutting-edge GPUs and AI software, allowing developers and enterprises to prepay for selected NVIDIA […]
Dubai, United Arab Emirates – Al Fardan Exchange has signed a Memorandum of Understanding (MoU) with Dubai Insurance on behalf of the Insurance Pool, marking a pioneering collaboration that positions Al Fardan Exchange as the first exchange house in the UAE to offer Involuntary Loss of Employment (ILOE) payment claims. This strategic partnership provides customers […]
Manama, Bahrain – October 8, 2024 – Pnyx Hill Ltd, a specialized business solutions provider headquartered in Abu Dhabi Global Markets (ADGM), UAE, has signed a Memorandum of Understanding (MoU) with Bahrain FinTech Bay (BFB), one of the leading fintech hubs in the MENA region. The partnership aims to drive innovation and enhance governance and […]
Dubai-based Metric has announced a strategic partnership with Saudi Arabia’s Spare, aimed at bringing cutting-edge financial automation and intelligence to businesses across the Kingdom. This collaboration promises to transform the way businesses in Saudi Arabia manage their financial operations, providing them with secure, real-time access to critical financial data. By joining forces, Metric and Spare […]