The UAE is reinforcing its position as one of the world’s most attractive and secure destinations for fintech startups, as fresh data and investor sentiment point to rising momentum across the regional entrepreneurial ecosystem. MENA fintech startups raised a combined $289 million in May, a 25% increase from April, with a Wamda report showing that…
Stockholm-based, Polar, has announced a €8.6 million Seed funding round to expand its remote-first team across Europe and invest in growth, developer relations, and strategic partnerships throughout the payments ecosystem. The round was led by Accel, with continued backing from Abstract and Mischief, including Angel invetors Guillermo Rauch (Vercel), Paul Copplestone (Supabase), Tobi Lütke and Harley…
Mastercard and enza have collaborated to connect fintech companies across Africa to the Mastercard network. This collaboration will enable fintech players to build propositions on the enza platform that serve both consumers and businesses with embedded Mastercard payment solutions capabilities. According to a report by the European Investment Bank, the number of fintech companies in…
Walmart’s majority-owned fintech startup OnePay said Monday it was launching a pair of credit cards with a bank partner for customers of the world’s biggest retailer. OnePay is partnering with Synchrony, a major behind-the-scenes player in retail cards, which will issue the cards and handle underwriting decisions starting in the fall, the companies said. OnePay, which…
Doha’s Islamic fintech market is expected to record a 10% compound annual growth rate (CAGR) in the years to 2028, reaching QR16.1bn in total transaction volumes, according to the Qatar Financial Centre (QFC) report.”This robust growth is being driven by increasing consumer demand, favorable regulatory frameworks, and strategic investments in fintech infrastructure,” said the report….
OpenTrade, a London-based fintech infrastructure provider, has closed a £5.5 million funding round, led by Notion Capital and Mercury Fund, raising its total capital to around £8.5 million since inception. The investment is earmarked to scale its build-out of real-world asset-backed stablecoin yield services across high-inflation markets in Latin America and Europe. OpenTrade embeds“yield-as-a-service” into…
Aspire, the all-in-one financial operating system for modern businesses, today announced its integration with Payboy, one of Asia’s leading payroll software providers, serving over 70,000 users across the region. This integration marks Aspire as the first fintech company to directly integrate with Payboy, streamlining payroll operations for growing businesses. Payroll management is traditionally a cumbersome process….
BENEFIT, Bahrain’s innovator and leading company in Fintech and electronic financial transactions service, has officially announced the launch of the fourth edition of its annual FinTech Internship Program “Masar”. This strategic program is designed to cultivate the potential of Bahraini youth by equipping them with hands-on experience, and skills development in the FinTech sector. Aimed…
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…
BENEFIT, Bahrain’s innovator and leading company in Fintech and electronic financial transactions service, has signed a strategic cooperation agreement with Bahrain Clear, a fully-owned subsidiary of Bahrain Bourse, to launch eIPO Service (electronic initial public offering service) on BenefitPay. This initiative marks a significant advancement in streamlining investor access to public share offerings on the…
