FinTech

EdfaPay secures $5 million in Pre-Series A funding round

EdfaPay, Saudi Arabia’s leading fintech platform, has secured a $5 million Pre-Series A funding round led by OmanTel Innovation Labs. Aljabr MENA and Waad Investment also participated. This inve...

Tamkeen and Bahrain Fintech Bay launches Fintech Sector Skills Report

The Labour Fund “Tamkeen” announced the release of the Fintech Sector Skills Report in collaboration with “Bahrain Fintech Bay.” The report aims to analyze current and future skills within the fintech...

Network International and Tamara to offer Sharia-compliant payment solutions

Network International (Network), a leading enabler of digital commerce across the Middle East and Africa, partnered with Tamara, the leading fintech unicorn in the region, to offer flexible, Sharia-co...

Menthum unveils Egypt’s first-ever goal-based savings solution

Menthum, Egypt’s pioneering fintech startup, has launched “Menthum Goals!”, a first-of-its-kind digital savings proposition designed to transform how individuals plan, save, and achieve their financia...

Hubpay launches fully automated hedging platform

Hubpay, the leading fintech company specializing in digital foreign exchange (FX) solutions has launched the UAE’s first fully automated hedging platform that will minimize SMEs exposure to currency f...

Abhi secures $15 Million in debt financing

Abhi, a leading fintech company driving financial inclusion for employees and SMEs throughout the MENAP region, has secured $15 million in debt financing led by Shorooq Partners and Amplify Growth Par...

Octa raises $2.25mln to automate accounts receivable and empower SMEs

OCTA, a fintech startup focused on revolutionizing accounts receivable management for small and medium-sized enterprises (SMEs), announced the close of its $2.25 million USD pre-seed round. The round ...

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,...

24 Fintech to redefine the global financial ecosystem

Saudi Arabia’s position as a major fintech hub will take a stride forward tomorrow when the new three-day 24 Fintech summit and exhibition opens at the Riyadh Front Exhibition & Conference Centre.