#Fintech

ThetaRay

Dubai-based Now Money appoints ThetaRay to ward off financial crimes

The agreement highlights ThetaRay’s expansion into GCC financial institutions

Fintech PayTabs acquires Turkey’s social commerce platform, Paymes

The acquisition aims to create a unified social commerce platform for micro merchants, fempreneurs and webpreneurs across the MENA region

DIFC-based fintech firms net $559m in funding during Jan-Sep 2022

DIFC-based fintech firms net $559m in funding during Jan-Sep 2022

DIFC’s fintech accelerator programme has attracted more than 3,000 applications from all over the world

Ajman

Ajman Bank signs strategic partnership with KMMRCE Pay

The partnership equips Ajman Bank with the technology to accelerate its digital transformation and enrich its client offering by adding new payment services

Virtual assets Emmanuel Givanakis CEO of ADGM Financial Services Regulatory Authority

Insights: Decoding the virtual asset landscape

The establishment of digital asset and virtual asset regulatory frameworks has placed Abu Dhabi, on the map as a regional and global virtual assets trading centre

Qashio

UAE-based fintech Qashio raises $10m in a seed round

The company’s virtual and physical cards combined with its software allow businesses to manage their spending in a more automated and transparent way

Here’s how fintech helps businesses control their expenses and manage financial operations

Remo Giovanni Abbondandolo, VP of Commercial – MENA at Checkout.com explains how the company is helping firms optimise existing payment methods

Baraka

UAE fintech baraka raises $20m Series A funding round

The company marks the first regional investment for Valar, a venture capital firm backed by entrepreneur Peter Thiel

FOO

FOO, Network International partner to enhance digital experiences in the Middle East and Africa

The collaboration will deliver a comprehensive digital wallet solution designed to boost customer-centricity

Dubai's DFSA partners with Thai Securities and Exchange Commission

Dubai’s DFSA partners with Thai Securities and Exchange Commission

The agreement provides a framework for further co-operation between the two authorities on regulation, policy and trends in financial services and markets

UAE Payments

UAE payments revenue expected to reach $18.7bn by 2031 – report

The compound annual growth rate of the UAE’s overall payments revenue is forecasted to be at 7.7 per cent from 2021 – 2031, while the region is expected to grow by 9.3 per cent within the same period

Patricia Keating and Dr Antoine Khadige

Writing the next chapter in the region’s fintech success story

Greater private sector involvement is imperative if fintech is to grow and become stronger

Geidea

Fintech firm Geidea launches integrated point-of-sales solutions in the UAE

The UAE launch is expected to be followed up by further rollouts to other markets including Saudi Arabia and Egypt

Fintech Surge

Top firms to watch out for at Dubai’s Fintech Surge 2022

The second edition of the event will host insurtech and payments innovators

IG Group appoints Sharaz Hussain to senior executive officer role

IG Group appoints Sharaz Hussain to senior executive officer role

Prior to that, he held senior finance executive positions at several institutions including ICAP, MF Global, Credit Suisse and JP Morgan

amana_CEO_Muhammad Rasoul

Neo broker amana launches trading app, offers access to regional and global markets

The platform offers stocks, commodities, ETFs, currencies and crypto among other assets through the app

Tintra

Tintra secures fintech services licence to operate in Qatar

Tintra is using artificial intelligence and Web3 technologies to build a global, borderless banking infrastructure

Bahrain's Al Waha Fund, Hambro Perks launch HP Spring Studios to support fintech startups

Bahrain’s Al Waha Fund, Hambro Perks launch HP Spring Studios to support fintech startups

The studio aims to create new highly skilled jobs in Bahrain for both local and international talent, on both its core team and at the startups it helps to launch

Direct Debit

UAE’s first paperless Direct Debit Marketplace launched

Fintech company Direct Debit System, launched the platform to facilitate recurring payments such as school fees, rent and subscription services

Dubai’s DIFC records 11% increase in new company registrations in H1 2022

A total of 537 new companies joined the centre in the first half of the year

Ziina

UAE-based fintech Ziina eyes Jordan in regional push

The company successfully raised $9m during a seed round from prominent investors

Three ways Fintech is transforming everyday life

What are the three ways fintech is transforming everyday life?

Technology has altered practically every aspect of our lives and nowhere is this more evident than in fintech, particularly payments

Mall of the Emirates digital concierge service

Majid Al Futtaim launches SHAREPay for loyalty programme members

SHAREPay enables members to link up to 10 existing debit/ credit cards to a single digital card, enabling seamless instant earning and burning of SHARE points

Hub71 startups

Abu Dhabi’s Hub71 accepts second cohort of tech startups

The second cohort includes 16 startups that have collectively raised more than $67m in funding

Africa

McKinsey sees Africa fintech sales surging eightfold by 2025

Financial services revenues in Ghana and francophone West Africa will enjoy the fastest growth, with Nigeria and Egypt the next quickest

Zywa

Teen-focused fintech startup Zywa raises $3m seed round

Zywa is reimagining financial services for Gen Z through gamified learning and community building

ADIB Egypt

ADIB, Simplifi partner to expand Egypt’s digital payment ecosystem

Both the organisations will work together to help companies issue scheme-enabled prepaid cards by reducing cost to launch and time to market

financial services

Banking-as-a-service is transforming the future of financial services

Banking-as-a-service is a revolution that combines the power of banks with the reach and customer loyalty of well known brands

PwC launches UAE cryptocurrency report, identifies three-stage facilitative model for regulation

PwC publishes UAE cryptocurrency report, identifies three-stage model for regulation

The UAE is one of the fastest growing cryptocurrency markets in the world generating transactions worth $25bn

Tabby gets $150m credit facility

Tabby secures $150m credit facility from Atalaya Capital, Partners for Growth

Following Tabby’s Series B extension earlier this year, the fintech’s total capital raised to date amounts to $275m