Saudi Arabia Western Union buys $200 million stake in STC Pay Source: Bloomberg Western Union Co. acquired a 15% stake in stc pay, a unit of Saudi Telecom Co. that’s focused on... News • 22 November, 2020 Western Union STC Pay Fintech
Morocco Outlierz Ventures invests in three African startups Source: Ventureburn The three selected tech-enabled startups will utilise the funding received from Outlierz Venture to transform... News • 16 November, 2020 healthtech Outlierz Ventures Fintech
U.A.E DIFC’s Innovation Hub to support Dubai’s future economic growth Source: WAM The innovation mandate has expanded for the Dubai International Financial Centre, DIFC, the leading global financial centre... News • 11 November, 2020 DIFC Fintech MEASA
Regional The issue of open banking [part two] In the first part of this feature, we introduced the concept of open banking. Here, we take a closer look at the regulatory... Shaimaa El Nazer • 02 November, 2020 Fintech Open banking
Regional The issue of open banking [part one] Following DAPI’s open letter to the UAE Bank Federation Advisory Council penned by co-founder Mohammed Aziz over a month ago, open... Shaimaa El Nazer • 29 October, 2020 Fintech Open banking DAPI
Regional Providing a purpose in remittances There are about a billion migrant workers around the world who send money to their families in remittances. This source of income is vital... Triska Hamid • 26 October, 2020 Fintech remittance now money
Egypt Foundations Ventures launches early-stage fund, invests in 4 startups Egypt-based venture capital firm (VC) Foundation Ventures has launched an early-stage fund to back Egyptian startups, offering investments... Wamda • 21 October, 2020 Foundation Ventures HOF Capital early stage
Regional The slow rise of neobanking in the Middle East This week’s biggest financial news came from Abu Dhabi after investment firm ADQ, the holding company for some of the biggest assets... Shaimaa El Nazer • 22 October, 2020 Fintech Open banking neo banking
Bahrain FinHub 973 launches to boost fintech sector in Mena The Central Bank of Bahrain (CBB) launched today FinHub 973, the first of its kind virtual fintech platform in the region, in collaboration... Shaimaa El Nazer • 20 October, 2020 Fintech digital transformation Regulations
Egypt NowPay raises $2.1 million seed Cairo-based financial technology (fintech) startup NowPay, has raised $2.1 million in a seed investment round led by Foundation Ventures... Wamda • 11 October, 2020 NowPay Fintech Emerging Markets
Egypt Flick raises $1 million pre-seed investment Egypt-based peer-to-peer (P2P) financial technology (fintech) startup Flick, has raised a $1 million a pre-seed funding round from an angel... Wamda • 04 October, 2020 Flick money transfer Fintech
Saudi Arabia Fintech Saudi, Flat6Labs launch fintech accelerator programme Source: Fintech News Middle East Powered by startup accelerator Flat6Labs, Fintech Saudi is launching its Fintech Accelerator, an... News • 01 October, 2020 Flat6Labs Jeddah SAMA Fintech
Bahrain Bahrain issues blockchain permit to UK’s Fasset The Central Bank of Bahrain (CBB) has given UK blockchain startup Fasset, a first-of-its-kind authorisation to test its digital solutions... News • 29 September, 2020 Fasset Fintech Blockchain
Global Arab Bank invests in US-based Veem Source: The fintech times Veem, the fast-growing global payments network built for businesses, recently announced the closing of a $31... News • 20 September, 2020 Ab Ventures Arab Bank Veem
Egypt Kashier raises seed investment Egypt-based financial technology (fintech) startup Kashier Payments, has raised a seed investment round led by Glint Ventures, with... News • 20 September, 2020 Kashier online payment Fintech
Egypt Contributing to Egypt's growth journey Dina H. Sherif, Mohamed Okasha and Malek Sultan are managing partners at Egypt-based VC firm Disruptech. This article was originally... Thought Leadership • 17 September, 2020 Disruptech fawry Fintech
U.A.E Open banking: DAPI's open letter to the UAE Bank Federation Advisory Council An open letter on open banking, a framework for responsible innovation for banks and the fintech community in the UAE Members of the... Thought Leadership • 13 September, 2020 Fintech Open banking DAPI
Global Fintech investments in EMEA rise to $4.6 billion in H1 2020 Investments in financial technology (fntech) in the Europe, Middle East and Africa (EMEA) recorded $4.6 billion in the first half of 2020,... News • 08 September, 2020 Fintech EMEA
Global Migrant labour and the true price of remittances Mark Roden is the founder and chief executive of Ding The GCC is a part of the world that commands sheer amazement at the pace with... Thought Leadership • 19 August, 2020 Fintech remittances
Egypt Paymob raises $3.5 million Egypt-based financial technology (fintech) startup Paymob, has raised $3.5 million from Global Ventures and the Dutch Entrepreneurial... News • 11 August, 2020 Paymob smes Fintech
Egypt ElGameya raises pre-seed investment Egypt-based financial technology (fintech) startup ElGameya, has raised a six-figure investment in a pre-seed round led by AUC Angels, with... News • 06 August, 2020 elGameya AUC Angels CairoAngles
Saudi Arabia Lean raises $3.5 million in seed funding Riyadh-based financial technology (fintech) startup Lean, has raised a $3.5 million in a seed funding round led by RAED Venture, with... News • 08 July, 2020 lean Fintech Open banking
U.A.E Spotii raises investment from Daman Investments UAE-based “shop now, pay later” startup Spotii has raised investment from Daman Investments. Founded by Anuscha Iqbal and... News • 05 July, 2020 Fintech Spotii
Global VentureSouq invests in Nigeria's Wallets Africa Source: Disrupt Africa Nigerian fintech startup Wallets Africa has secured an undisclosed amount of funding from a host of investors as... News • 01 July, 2020 Wallets Africa Fintech