he Abu Dhabi Securities Exchange (ADX) has announced the onboarding of Thndr, founded in Egypt, as its first remote retail trading member. The move allows Thndr’s more than four million users to buy and sell UAE-listed stocks and exchange-traded funds (ETFs) without needing a physical presence in the country. Thndr, launched in 2020, is regulated by…
Fintech Galaxy, a regional central bank-regulated Open Finance platform, announces the onboarding of over 10 Egyptian fintechs. The open APIs provided by Fintech Galaxy’s FINX platform will foster a host of innovative use cases for the onboarded fintech companies. The integration will enable FinTechs to offer services such as flexible buy-now-pay-later schemes, personalized, AI-driven financial…
EFG Holding’s subsidiary U Consume Finance (valU) commenced floating its shares on the Egyptian Exchange (EGX) under the ticker valu. valU’s debut on EGX aligns with its objectives to boost Egypt’s fintech landscape and EFG Holding’s commitment to innovation, financial inclusion, and sustainable growth. The listing was implemented through an innovative in-kind dividend distribution, where…
Visa has announced the appointment of Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa (CEMEA). In this role, Muhmood will oversee operations across more than 86 markets in the region, where Visa serves over 1,800 clients through 23 local offices. Muhmood brings over three decades of experience in…
The Central Bank of Egypt (CBE) has approved the request from key limited partners of the Nclude FinTech Fund to name Development Partners International (DPI) as the new fund manager, according to a press release. The appointment aligns with the ongoing efforts to support companies operating in the fintech sector, accelerating digital transformation and promoting…
PalmPay, an African digital bank fintech, is in talks to raise between $50 million and $100 million in a Series B round, according to multiple sources familiar with the matter. It’s unclear what valuation it hopes to get, but its last round, in 2021, ranked it among the continent’s most valuable startups, estimated just shy…
Giza Systems continues to strengthen its position as a prominent regional powerhouse in the technology field. The company is officially unveiling its new strategy following the appointment of Ahmad Elharany, Giza Systems Group CEO. This announcement was made during a roundtable held by the company at its headquarters in New Cairo, in the attendance of…
Zoho, a leading global technology company, and areeba, a leading payment processing service provider in the Middle East, today announced a strategic partnership agreement aimed at fast-tracking digital transformation of businesses across the region. The MoU was signed in a ceremony at Seamless Dubai 2025 by Prem Anand Velumani, Associate Director, Strategic Alliances, Zoho Middle…
Egypt’s leading fintech platform digitizing the traditional ROSCA savings model, ElGameya, announced the successful closing of a new 7-figure USD investment round, aiming to accelerate the development of its technology platform. The round was led by AYADY for Investment and Development, with participation from prominent investors including Jedar Capital, Cubit Ventures, Ventures Notes, P-Maestro and a group of both…
Forbes Middle East has revealed its annual Fintech 50 list, recognizing the region’s leading trailblazers in the digital financial services sector as they navigate shifting consumer expectations in an increasingly digital landscape. The ranked companies have collectively processed over $240 billion in transactions and secured more than $3.8 billion in total funding. The ranking was…
