When Saudi Arabia-based Tabby — one of the Middle East’s first fintech unicorns — announced it was acquiring startup Tweeq, it turned heads among venture capitalists eyeing investment opportunities in the kingdom. The deal, which will see Tabby buy the digital-wallet operator for an undisclosed sum, was viewed as fresh evidence that Saudi Arabia’s startup…
Financial technology funding across the Middle East and North Africa saw a 650% increase between 2020 and 2023, even amid a global economic downturn driven by the coronavirus pandemic, according to a report released Monday. The industry raised $186 million across 50 deals in the first half of 2024, representing an almost flat 3% year-on-year…
Mena Fintech Festival, Formerly Arab Fintech Forum, has announced the sponsors and partners for its 3rd edition that is to take place in Doha, December 3-5 2024, at Qatar National Convention Center. Following a dynamic rebrand that was announced this year, the highly anticipated event has added incredibly renowned names in the fields of finance…
The Middle East and Africa (MEA) region has experienced a significant transformation over the past decade, driven by the rapid rise of financial technology (fintech). This transformation is not just a testament to the region’s adaptive capabilities but also to its strategic embrace of innovation and technology to address unique economic and social challenges. The…
