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 […]
FinancialServices
Derayah Financial Signs MoU with Abyan Capital
Derayah Financial Company (“Derayah Financial”) has announced the signing of a memorandum of understanding (MoU) and cooperation with Abyan Capital, on the sidelines of the Money 20/20 Middle East Conference.
Derayah and Malaa Partner for the Future of Digital Investing
Derayah Financial Company (“Derayah Financial”) has announced the signing of a strategic partnership agreement with Malaa, the automated investment management advisor, during the Money 20/20 Middle East Conference. This collaboration
Launch of S60 Accelerator to Empower Fintech Startups
S60 Ventures, a subsidiary of Alistithmar Capital, in collaboration with Fintech Saudi, has officially announced the launch of the S60 Accelerator during the prestigious Money20/20 Middle East conference and exhibition,
Zodia Custody Acquires UAE-Based Tungsten to Expand Digital Asset Footprint
Zodia Custody, a UK-based institutional digital asset custodian, has completed the acquisition of Tungsten Custody Solutions, a regulated digital asset firm headquartered in the United Arab Emirates. The acquisition marks
India’s Paytm Launches UAE Subsidiary with $2.1M to Power Tech-Driven Digital Payments
Paytm Cloud Technologies Ltd (PCTL), a subsidiary of India’s leading fintech company Paytm, has announced the launch of its wholly owned UAE entity, named Paytm Arab Payments LLC, as part
SAMA Grants Nayla Finance a License to Operate Microfinance Services
Riyadh, Kingdom of Saudi Arabia – 2025, The Saudi Central Bank (SAMA) has announced the issuance of a new license to “Nayla Finance”, authorizing the company to operate in the
UK’s Octopus Ventures to Acquire Fintech Growth Fund to Support FinTech Firms
UK-based venture capital firm Octopus Ventures, one of the leading VC firms in Britain, is nearing the completion of a strategic acquisition of the Fintech Growth Fund (FGF) — a
Strong Gains for Beltone Financial, EFG Holding & CI Capital on the Egyptian Exchange
Egypt’s financial services sector posted strong gains on the Egyptian Exchange last week, driven by heavy investor buying. Beltone Financial Holding’s share price rose 0.50% to EGP 2.03 from 2.02, lifting
GO Telecom Secures Initial Approval to Establish a Micro-Consumer Finance Subsidiary
GO Telecom has announced that its subsidiary, Hulul Al-Intilaq for Finance, has received initial approval from the Saudi Central Bank (SAMA) to establish a micro-consumer finance company in Saudi Arabia. The approval, granted on November
UAE’s Deem Finance Secures $400 Million Debt Financing from JP Morgan
Deem Finance, a leading financial services company in the UAE, has secured asset-backed financing worth $400 million from JP Morgan. This financing aims to strengthen the company’s financial position and