Riyadh-headquartered fintech Mala has raised $7 million in a pre-seed round led by VentureSouq, it announced in a statement on Saturday. The round was also joined by Beco Capital, M Capital, Access Bridge Ventures, Palm Ventures, Shorooq Partners, Waad Investment, and D Global Ventures. Mala was founded earlier this year by Musaab Hakami, one of…
UAE-based fintech, Abhi has secured $15 million in debt financing, led by regional tech investor Shorooq Partners and Amplify Growth Partnership. Abhi stated the funding will allow the company to scale its operations and expand its earned wage access (EWA) solutions to serve the blue- and white-collar working populations in the UAE. EWA is mostly…
Bank of America has merged its FinTech and technology investment banking teams. The 50 bankers in its FinTech team will join the 200 in its tech group, reflecting the growing similarities between the two industries, Bloomberg reported. “FinTech payments and software are bound to intersect,” said Kevin Brunner, chairman of global M&A and global head…
QNB has announced its certification of Noqoody Payment Services’ cutting-edge Point-of-Sale (POS) solutions. This strategic partnership underscores QNB’s commitment to advancing digital innovation and enhancing the payment ecosystem in Qatar. Noqoody’s advanced POS technology, now certified by QNB, represents a major advancement in transaction solutions, designed to meet the evolving needs of businesses across the…
On 22 and 23 October, FinTech LIVE will continue to expand its inspirational event series by hosting a captivating event- FinTech LIVE London Global Summit. Those who attend will be able to listen to motivational keynotes from industry experts, participate in fascinating workshops and listen to engaging panel discussions. FinTech LIVE London Global Summit will…
Arab Financial Services (AFS), the Middle East and Africa region’s leading digital payment solutions provider and fintech enabler, has signed a strategic agreement with Zand, the UAE’s first fully licensed all-digital bank. This collaboration aims to provide Fintechs and emerging players with AFS’s cutting-edge processing services and Zand Bank’s BIN Sponsorship and banking facilities, enabling…
Bahrain FinTech Bay (BFB), a leading hub for financial technology innovation, proudly announced the inception of the MENA Innovation Academy. This initiative is dedicated to cultivating talent, fostering fintech expertise, nurturing an innovation mindset, and enhancing career readiness within financial organizations across the MENA region. MENA Innovation Academy will be established in partnership with the…
In line with Qatar National Vision 2030 and the Third National Development Strategy, and in adherence to the Third Financial Sector Strategy, the Qatar Central Bank launched today, Wednesday, October 9, 2024, its strategy for the period 2024-2030 aimed at achieving the Third National Development Strategy objectives. This strategy serves as an essential roadmap, integrating…
Fintech Surge will highlight critical trends shaping the future of finance, such as digital banking, fintech investment, and the growing collaboration between banks and fintechs. Taking place at Dubai Harbour from October 13 to 16 2024, the fourth edition is set to attract over 100 exhibitors, more than 1,200 investors, and 120-plus speakers from over…
Riyadh based, Saudi Awwal Bank (SAB), has partnered with PayerMax for enhanced business payment solutions. The parties will work to “redefine the digital payments landscape” and “streamline the onboarding experience for local merchants” while facilitating “seamless global transactions”. Founded in 2020 and based in Singapore, PayerMax operates a suite of omnichannel payment solutions that support…
