FinTech
QPay closes new round of seed funding led by Cyfr Capital
Oman’s new licensed ‘Buy Now, Pay Later’ (BNPL) financial services provider, QPay, has successfully closed its new round of seed funding, with Cyfr Capital taking the lead as the primary i...
Foodics streamlines restaurant payments with Foodics Pay
Foodics is revolutionizing payment solutions in the F&B industry with ‘Foodics Pay’, its payment solution designed to elevate operational efficiency, help businesses manage transactions effortless...
Magnati partners with Wio Bank to provide embedded finance solutions
Magnati has partnered with Wio Bank to provide embedded finance solutions through an innovative merchant financing platform. This collaboration supports the UAE’s ambitions for economic growth by enab...
Colendi AI unveils new AI platform for finance and banking sectors
Colendi AI, a leading innovator in financial technology, has officially launched ColendiMind, a groundbreaking artificial intelligence (AI) platform designed to revolutionise the finance and banking s...
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....