Revolut to Enter UAE Market Soon
UK-based FinTech company Revolut is preparing to launch its digital financial services in the United Arab Emirates, in collaboration with the UAE Central Bank, after receiving in-principle approval to begin […]
DigitalBanking
Bwatech Closes $16M Investment Round
Saudi-based Bwatech, a leading company in fintech solutions for businesses, has successfully closed a $16 million investment round, led by Sharaka Financial, as part of its ambitious plans to accelerate
Munify Raises $3M to Build a Cross-Border Digital Bank for the Egyptian Diaspora
Cairo-based fintech startup Munify has announced raising $3 million in seed funding to build a cross-border digital bank designed for Egyptians abroad. The round was led by Y Combinator, with
ColendiBank, SAS, and Linktera Forge Strategic Alliance to Shape the Future of Digital Banking
ColendiBank has announced a strategic partnership with SAS and Linktera to develop powerful products and services in next-generation digital banking. This collaboration aims to lay the foundation for a modern
Iraq-Based InstaBank Raises $15M to Launch Country’s First AI-Driven Digital Banking Platform
Iraq-based InstaBank, officially registered as Al-Fawr Digital Bank, has secured $15 million in seed funding to support the launch of the country’s first AI-driven digital banking platform. The round was
OCTA Secures $20M Credit Facility to Power SME Financing in Saudi Arabia
UAE-based fintech platform OCTA has secured a $20 million credit facility from the Sukna Fund for Direct Financing (SFDF), aimed at powering embedded working capital for eligible SMEs across Saudi
Saswat Finance Secures $2.6 Million to Boost Rural Financial Access in India
Mumbai-based fintech startup Saswat Finance has raised $2.6 million in a pre-Series A round, led by Ankur Capital, with participation from existing investor Incubate Fund Asia. The company previously secured
Aspora Raises $50M in Series B Led by Sequoia and Greylock, Reaches $500M Valuation
Aspora, the cross-border fintech startup formerly known as Vance, has successfully raised $50 million in Series B funding, led by Sequoia Capital and Greylock, with additional participation from Hummingbird, Quantum
PlutoPe Accelerates Emerging Market Expansion with $500K Pre-Seed Round
PlutoPe, an Indian fintech startup operating in the decentralized finance (DeFi) space, has secured $500,000 in a pre-seed funding round led by angel investor Manit Gupta, aiming to support its
Mamo Surpasses AED 1.2 Billion in Transactions and Launches SME-Focused Credit Card
UAE-based fintech startup Mamo has officially crossed AED 1.2 billion in total transactions, marking a major milestone in its mission to deliver simple, trustworthy financial solutions to SMEs across the
Glide Raises $15M to Accelerate Embedded Fintech Innovation Powered by AI
Glide, a U.S.-based provider of embedded fintech solutions, has raised $15 million in a Series A funding round aimed at accelerating product innovation and enhancing its capabilities in artificial intelligence.
NymCard Licensed by UAE Central Bank to Launch Open Finance Services.
NymCard, the MENA region’s leading embedded finance platform, has officially received a license from the Central Bank of the UAE (CBUAE) to provide Open Finance services, in line with the
Money Fellows raises $13M to take its group savings model outside Egypt
Money Fellows, a Cairo-based fintech company, has announced the successful raise of $13 million in a pre-Series C funding round, bringing its total funding to over $60 million since its
BKN301 Group Raises $23.8M to Accelerate Global BaaS Expansion
BKN301 Group, a global Banking-as-a-Service (BaaS) technology provider, has closed a capital increase of $23.8 million to drive its international expansion, with a strategic focus on the UAE and Saudi
Y Combinator-Backed Neobank Djamo Raises $17 Million, Serving Over 1M Users in Francophone Africa
Djamo, the YCombinator-backed neobank founded in 2020 by Hassan Bourgi and Régis Bamba, has successfully raised $17 million in equity funding to extend its reach across Francophone West Africa. The
Egypt’s Connect Money Secures $8M Seed Funding to Power Africa’s Embedded Finance Revolution
Egyptian fintech pioneer Connect Money has successfully closed an $8 million seed funding round co-led by DisrupTech Ventures, Algebra Ventures, and Lorax Capital Partners, with participation from OneStop Capital and
Mastercard and LikeCard Launch Family Banking Solution to Promote Financial Literacy and Responsible Spending
Mastercard and LikeCard, a leading e-commerce prepaid card platform in the Middle East and North Africa (MENA) region, have partnered to launch an innovative family banking solution designed to enhance financial literacy