ICYMI fintech funding round-up: Navadhan, Kosli, Sibstar, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
UAE
The latest fintech news, resources and expert analysis in the UAE by the leading intelligence provider for the worldwide fintech community.
NymCard raises $33m Series B backed by QED Investors
The Series B round brings NymCard’s total funding to nearly $70 million.
Binance lands record $2bn crypto investment from Abu Dhabi’s MGX
Binance’s $2 billion injection represents the “single largest investment into a crypto company”.
Mastercard to support Mashreq’s digital bank launch in Pakistan
The partnership will focus on card products within the consumer, high-net-worth, and business market sectors.
UAE fintech start-up Flow48 raises $69m in mix of debt and equity funding
Flow48, which provides revenue-based financing to SMEs, will use the funding to expand into Saudi Arabia.
ICYMI fintech funding round-up: CredCore, MANSA, SRA Watchtower, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Abu Dhabi Islamic Bank adopts Swift’s Alliance Cloud platform for enhanced payment processing
ADIB has become the first bank in the GCC region to deploy Swift’s Alliance Cloud platform.
A2A paytech Vyne set to wind down UK operations
Vyne writes on its website that it will cease all UK operations on 22 April 2025.
Fintech Galaxy joins CBJ’s regulatory sandbox to test open banking services in Jordan
Fintech Galaxy has also raised a $9 million investment to further develop its Finx Connect platform.
Mashreq and Kyriba to carry out “customised finance transformation plan” for UAE’s LuLu Group International
The transformation plan will see the pair devise a new single platform for LuLu’s financial operations.
Paymob lands Retail Payment Services licence to further UAE expansion
Paymob’s UAE licence adds to its existing authorisations in Egypt, Saudi Arabia, Pakistan and Oman.
Al Hilal Bank promotes Jamal Al Awadhi to CEO
Al Awadhi first joined the bank as deputy CEO in May last year.
Jingle Pay to launch in Pakistan as Bank Alfalah acquires 9.9% stake
The Karachi-headquartered commercial bank will also join Jingle Pay’s board as part of the purchase.
Mashreq Bank completes sale of majority stake in Neopay for $385m
Dgpays and Arcapita formed a consortium to acquire the majority stake in Neopay.
Mashreq Pakistan secures SBP licence to begin digital banking pilot operations
Mashreq claims to be the first company to launch pilot operations as digital retail bank in Pakistan.
UAE’s CredibleX lands $55m seed round to expand Credit-as-a-Service platform
The raises comprises both equity and debt from Further Ventures, Kilgour Williams Capital and Berkley Square.
First Abu Dhabi Bank taps Broadridge to build out securities finance business
The bank has selected Broadridge’s Securities Finance and Collateral Management solution.
Quantix secures $500m asset-backed securitisation financing from Citi
Quantix says the financing is “among the largest provided to a UAE fintech company to date”.
Crypto.com buys UAE-based brokerage Orion
Orion, based in Abu Dhabi, is Crypto.com’s fourth acquisition in three months.
Reem Finance taps Temenos to power new digital community bank
Reem Finance’s new digital community bank will utilise Temenos’ core banking, payments, and data analytics tech.
ICYMI fintech funding round-up: Kalder, Pemo, PostSig, StoreCash, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Network International inks referral agreement with NBF for corporate omnichannel payment solutions
The deal will enable National Bank of Fujairah to offer Network’s digital payment solutions to its corporate clients.
Visa rolls out flexible payment solution in US and UAE with Affirm and Liv
The offering has been available in Asia for over a year with the launch of Olive Card in Japan.
Zand Bank partners Alibaba Cloud and Ant Digital Technologies to drive GenAI adoption in UAE
The partnership seeks to “accelerate the applications of generative AI, blockchain and payment technology”.
Interview: Jason Cao on Huawei’s fintech frontier and digital transformation innovation
Cao details the best strategies for digital amid a “highly challenging time” for the global banking industry.
UAE-based Commercial Bank International to explore digital asset sustainability with Zumo
The collaboration follows CBI’s MoU with Abu Dhabi-based digital assets infrastructure platform Fuze in February.
Demystify Podcast: GITEX Global 2024 special
Hosts Dave and Dharmesh speak with four financial services leaders at this year’s GITEX Global event in Dubai.
Understanding Dubai’s technology-driven transformation
Dubai shows that having a compelling vision and purpose from the very top is key to transformation.
National Bank of Fujairah expands iGTB partnership to implement eMACH.ai Cloud on Microsoft Azure
iGTB debuted its new Microsoft Azure-managed digital transaction banking solution earlier this month.
ICYMI fintech funding round-up: Abhi, Emerge, Diesta, and Axyon AI
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Rakbank joins Magnati to launch new SME financing platform in UAE
Rakbank’s underwriting will be guided by real-time transaction data created by Magnati.
Zambian fintech Lupiya partners Network International for debit card programme
The fintech is leveraging Network’s “comprehensive suite of card payment processing solutions”.
Revolut reportedly applies for EMI licence with UAE central bank
Bloomberg reports that Revolut’s ambition is to eventually apply for a full banking licence in the UAE.
UAE challenger Ruya Bank partners Network International for digital payment capabilities
Ruya Bank entered the market this year with a suite of Shariah-compliant retail banking services.
Tarabut buys A2A payments platform Vyne
Tarabut says the move will enable it to bring “A2A payment capabilities to the Middle East”.
Dubai-based paytech Ziina raises $22m Series A ahead of ZiiCard launch
Ziina plans to expand its workforce with “additional hires from global tech giants and fintech innovators”.
BNPL fintech Tabby buys Saudi digital wallet start-up Tweeq
Following the acquisition, Tweeq will continue to operate as an independent entity.
UAE fintech Yuze bags $30m funding to propel expansion into new markets
Yuze offers a digital financial services platform built to help simplify financial management for SMEs.
National Bank of Fujairah digitises corporate banking operations with iGTB’s eMACH.ai
iGTB claims the deal marks the first deployment of the cloud-managed service in the region.
ICYMI fintech funding round-up: Rillet, Aveni, Mamo, Payflow, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
