FinTech
TPS Worldwide to drive payment innovation in Saudi Arabia
TPS Worldwide, a global provider of digital banking and payment technology, has announced the expansion of its operations to Saudi Arabia with the support of AstroLabs, the Gulf’s leading busine...
UmrahCash secures funding to enhance the umrah experience for pilgrims
UmrahCash, a Riyadh-based fintech startup, has secured a $500,000 investment from Venture Fund, Adaverse. This development marks a significant step towards modernizing the centuries-old Umrah traditio...
Summer experiences boom in digital payments across UAE and Saudi Arabia
Consumers’ preferences for digital payment methods have deepened over the summer period in the UAE and Saudi Arabia, according to new data from global payments solution provider Checkout.com. The comp...
Paymob raises $22 million in Series B extension round
Paymob announces a $22 million Series B extension round – taking the Company’s total Series B funding to $72 million led by EBRD Venture Capital with participation from Endeavor Catalyst.
FlapKap secures $37.6 million in Pre-Series A Funding led by BECO Capital
UAE-based fintech startup FlapKap has secured US$37.6 million in pre-Series A funding, led by BECO Capital with significant participation from Pact VC, A15, Nclude, QED Investors, and Channel Capital....
Xalts adds Tezos to accelerate Tokenization of Real World Assets
Xalts and Tezos Foundation today announced that they will collaborate to further the adoption of tokenization of real-world assets (RWA) by institutions. They will provide out-of-the-box solutions to ...
Hakbah partners with The Saudi Institute of Internal Auditors
Hakbah, the Saudi-based fintech savings platform, announces a new agreement with The Saudi Institute of Internal Auditors to enhance the development of internal auditing systems, governance, and overs...
Bupa Arabia sponsors Fintech 24 in Saudi Arabia
Bupa Arabia Cooperative Insurance Company has announced its participation as a Gold Sponsor at the upcoming “Fintech 24” International Financial Technology Conference, scheduled for Septem...
SNB Capital leads SAR 65mn series A funding for Malaa Technologies
SNB Capital, the largest asset manager and investment bank in the region, has announced its role as lead investor in a series “A” investment round of SAR 65 million for Malaa Technologies,...