Zand Bank PJSC, the digital bank licensed by the Central Bank of the UAE, and MANTRA, an RWA-focused Layer 1 blockchain, have signed a Memorandum of Understanding (MOU) to streamline the process of real-world asset tokenization, including the identification, listing and distribution of RWAs. The collaboration between these two entities will also focus on developing […]
In a groundbreaking move set to transform corporate travel management in the region, Tumodo, a leading UAE-based travel technology firm, has announced a strategic partnership with Saudi fintech company Tabby. This collaboration promises to revolutionize business travel planning, streamline expenses, and contribute to sustainable practices across the UAE. Leveraging Tumodo’s state-of-the-art travel management solutions, Tabby’s […]
UAE-based AI startup qeen.ai announced today that it has successfully secured a $2.2 million pre-Seed funding round to drive its mission to transform the global e-commerce landscape, starting in the MENA region. The round is led by Wamda Capital, with participation from international and regional investors, including 10x Founders, Aditum and Dara Holdings, along with […]
HSBC has announced the launch of its new e-commerce digital payment platform, Omni Collect, in the UAE in collaboration with Saudi-based fintech leader Geidea. This innovative platform, available to corporate customers via HSBCnet, aims to simplify and streamline digital payment collections for goods and services across multiple channels, including credit and debit cards and e-wallets […]
XSquare is thrilled to announce a strategic partnership with Fracxn, aiming to transform financial solutions for small and medium-sized enterprises (SMEs) and streamline B2B payments across the region. This collaboration is set to benefit over 800,000 SMEs, enhancing their financial operations and boosting their ability to manage an estimated $80 billion in receivables. The partnership […]
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 […]
Blockchain and AI-powered invoice financing enabler InvoiceMate has announced a strategic partnership with retail technology provider 24SEVEN to enhance the retail supply chain across the UAE. This collaboration aims to bolster financial inclusion for thousands of SMEs by merging retail and payments data with advanced blockchain financing solutions. SMEs in the UAE often face significant […]
United Arab Bank (UAB) has announced a strategic partnership with Network International, a prominent enabler of digital commerce across the Middle East and Africa (MEA). This collaboration aims to provide UAB’s corporate clients with Network International’s comprehensive suite of merchant acquiring, card acceptance, and payment services through an integrated omnichannel approach. Nael Mourad, Head of […]
Dubai, UAE – May 20, 2024 – Fils, a leader in ESG-focused financial technology, has been honored as one of the top 50 impact technology firms in the prestigious Deloitte Technology Fast 50 Middle East 3rd Edition Award Programme. This initiative celebrates the region’s fastest-growing technology companies making significant impacts in their industries. The Deloitte […]
Keyper, a leading prop-tech company in the UAE, has announced a successful pre-series A capital raise of $4 million in equity. The round was spearheaded by prominent regional venture capital firms BECO Capital and Middle East Venture Partners (MEVP), with additional backing from existing investors Vivium Holding, Jabbar Group, Signature Developers, and new investors including […]