PaySky and Yalla Super App have been nominated for multiple prestigious awards at the MENA Fintech Association 2024 Awards, with winners to be announced during the Abu Dhabi Finance Week 2024 (ADFW). PaySky has been shortlisted in four categories: Fintech of the Year, Best Payments Solution, Best Innovative Payment Technology, and Best Merchant Solution, while…
Leading global digital real estate investment and fintech platform in the Middle East and North Africa region, Stake, has announced their official launch in the Kingdom. As the first platform regulated by the Capital Market Authority to afford individuals outside of the Kingdom the opportunity to invest into Saudi real estate, Stake is set to…
The growth of Artificial Intelligence in the Fintech market is fueled by the increasing need for intelligent financial solutions that enhance customer experience, reduce risks, and improve decision-making in real time. The SNS Insider report indicates that the AI in the fintech market was valued at USD 12.2 billion in 2023 and is projected to…
British payments firm, Sokin, has announced its acquisition of Norwegian fintech, settle Group AS, for an undisclosed sum. The move positions Sokin to bolster its technological capabilities and enhance its offering, including its flagship product, Sokin Pay. This strategic acquisition directly plays into Sokin’s growth trajectory, aligning with its vision to transform international payments. Sokin…
The third edition of the MENA Fintech Festival concluded yesterday, following a three day affair that saw fintech leaders and key players coming together to remark on the financial landscape across the region. The opening ceremony of the three-day event witnessed the participation of the Assistant Governor for Financial Instruments and Payment Systems at Qatar…
Kenja Consulting, a boutique investment consultancy, has revealed plans for a new event series designed to enhance fintech collaboration between the United Arab Emirates (UAE) and the United Kingdom (UK). This initiative aims to build bridges between these two prominent financial centres, fostering investment opportunities and strategic partnerships. Named Fintech Futures: UAE-UK Connection, the series…
Malta-based startup, Basta Pay, has announced its intentions to introduce its financial platform by 1 March 2025, with the company aiming to solidify its position in the fintech industry. With the launch date approaching, Basta Pay is working on entering strategic collaborations to develop an advanced global fintech ecosystem. The company intends to deliver optimized…
WadzPay Worldwide has secured a capital commitment of SGD 50 million ($36.7 million) from Global Emerging Markets (GEM) Global Yield. The commitment is comprised of a shared subscription facility (SSF), which stipulates that WadzPay can call on GEM to purchase ordinary shares in the company up to the agreed value. However, the New York-based alternative…
The Global Women’s Forum Dubai 2024 featured a panel discussion titled ‘Fintech for All: Harnessing Innovation to Benefit Women and Beyond’, which focused on how financial technology is reshaping opportunities for women and communities worldwide. The panellists in the session included Hela Cheikhrouhou, Regional Vice President at the International Finance Corporation (IFC) for the Middle…
UAE-based Reem Finance has selected Swiss banking tech vendor Temenos to power its upcoming digital community bank. Founded in 2007 and headquartered in Abu Dhabi, Reem Finance provides corporate and retail financing solutions to help “facilitate business growth and advance trade capacity for private entities within various sectors”. Through its partnership with Temenos, Reem Finance…
