FinTech
OPay Egypt announces the opening of its first “OPay” store in Egypt
OPay Egypt has announced the opening of its first “OPay” store in Egypt in the Downtown area in the 5th Settlement, to offer all the company’s services and products for individuals and corporates.
Mashreq invests in NymCard
Mashreq has taken a stake in NymCard, the only Banking-as-a-Service provider in the Middle East, to help grow the booming FinTech ecosystem in the UAE and support the next generation of innovators.
Islamic Fintech startup IMAN, closes $1million in seed funding
An Islamic Fintech startup IMAN, closes $1million in seed funding to introduce a new financial product that is Shariah-compliant in Muslim markets. The new platform uses technology to democratize acce...
Two UAE-based teachers launch Edfundo app
Two UAE-based teachers have fused EdTech with FinTech to create the first financial intelligence hub, complete with a learning resource and a smart money management app built by educators to nurture m...
Nuwa Capital participates in a $1.6M pre-seed round of Saudi-based EdfaPay
Nuwa Capital announced its latest investment in Saudi Arabia, through its participation in a $1.6M (SAR 6M) pre-seed round of Saudi-based fintech company EdfaPay. The round was co-led by Wallan Invest...
i2c partners with Qatari startup KARTY to launch digital visa wallet
i2c Inc., a leading provider of digital payment and banking technology, announced its partnership with KARTY, a Qatar-based fintech providing tailored digital financial solutions to the MEA region, to...
Pyypl raises $11 million in series A
UAE based fast growing fintech, Pyypl closed a $11 million series A financing round with participation from a diverse group of international family offices and HNWI’s. The company provides digital pay...
Zywa closes a $1 million pre-Seed round backed by Y Combinator
Dubai-based fintech Zywa gets backed by Y Combinator and closes a $1 million pre-Seed round for its teen neobank. Besides Y Combinator, the strategic investors from the United States and the Middle Ea...
CBD has approved a debt financing deal with Postpay
Commercial Bank of Dubai (CBD) has approved a debt financing deal with Postpay, a leading omni-channel Buy Now, Pay Later (BPNL) provider in the Middle East. This inaugural debt financing arrangement ...