Citigroup has agreed to sell its wealth alternatives unit to fintech firm iCapital, the companies announced on Tuesday, as the bank pursues simplifying its business. The unit, Citi Global Alternatives, represents more than 180 funds distributed by the bank across asset classes including private equity, infrastructure, hedge funds, and private credit. New York-based iCapital will manage…
In a significant advancement for the UAE’s digital economy, Astra Tech’s flagship platform, Botim, has partnered with Mbank, a leading digital bank in the United Arab Emirates, to introduce the nation’s first fintech-integrated Jaywan card scheme. The announcement was made in the presence of H.E. Dr. Tariq Bin Hendi, CEO and Board Member of Astra…
In a landmark announcement made during the official launch of MENA InsureLab Accelerator at DIFC Academy in Dubai last Friday, MANGUSTEEN, the organizing force behind the MENA Fintech Festival, confirmed a new strategic partnership that will see the birth of the MENA Insurtech Festival — a dedicated platform spotlighting innovation in insurance technology. The new…
Employer.com has acquired MainStreet.com for an undisclosed amount, the latest fintech startup to get snapped up by the workforce management company. In a post on X, Employer.com chairman and co-founder Jesse Tinsley said the two companies were “merging forces to simplify business back office solutions into one powerhouse platform.” Tinsley confirmed the acquisition to TechCrunch. MainStreet,…
Global fintech company, Revolut, with over 11 million UK customers and hundreds of thousands of business customer globally , has launched “Turning Points,” a new B2B campaign in the UK and rolling out across France, Italy, the Netherlands, Romania, and Spain later this year. Created by Anomaly, the campaign puts pivotal moments of business growth…
Malaysia-based payment network PayNet has launched a fintech hub to focus on industry growth and startup development. The PayNet Fintech Hub (the Hub) aims to accelerate fintech growth in Malaysia by offering fintechs direct access to capital, essential industry connections, financial incentives, and opportunities to learn from and collaborate with global companies. Officials from PayNet…
Qatar’s fintech sector has seen remarkable growth over the past five years, driven by the government’s Qatar National Vision 2030, which prioritizes digitalization and a cashless economy, Mohammed Al-Delaimi, CEO and Co-Founder of PayLater, Qatar’s first fully licensed Buy Now, Pay Later (BNPL) platform has said. “The QCB’s fintech strategy, including a five-year roadmap for…
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…
The MENA Fintech Association (MFTA), a not-for-profit organisation based in Dubai and registered with the Abu Dhabi International Financial Centre (ADGM), today announced partnership with the International Smart Card (ISC), aka Qi, Iraq’s foremost provider of digital payments, fintech solutions, and digital identity services, as its newest corporate member. The alliance is set to catalyse…
His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, has recently met Crypto.com president and chief operating officer Eric Anziani at Gudaibiya Palace. HRH Prince Salman emphasised the kingdom’s commitment to advancing the financial services and digital technology sectors, both of which are priorities that contribute to supporting the kingdom’s…
