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…
Emirates NBD and Mashreq Bank have made a strategic investment in NewBridge Fintech Solutions, the owner of UAE-based fintech platform LoanBook. LoanBook offers a centralised marketplace digitising the syndicated loan and private credit markets. The investment will be used to scale up the platform and make it easier for market participants to access global loan…
One of the top qualifiers from the second edition of the “FinTech Got Talent” competition, organized by “FinTech Egypt”—an initiative by the Central Bank of Egypt (CBE)—has secured first place at the “Arab FinTech Challenge” for the second consecutive year. The competition took place in Dubai as part of the “GITEX North Star 2024” exhibition….
Klarna AI has announced its partnership with global fintech company unlimit, in order to launch a financial solutions specifically designed for women across the EU. Following this announcement, the partnership is expected to focus on launching a financial solution specifically tailored for the needs of women across the region of the European Union. In addition, both…
Amundi one of the largest asset managers in Europe with €2 trillion in AUM, has acquired Aixigo, a digital financial consulting software provider based in Aachen, Germany, for €149 million. The transaction will see Aixigo’s API-based wealth management platform and 150 team members join the Paris-headquartered asset manager’s Amundi Technology business. Aixigo’s platform, Aixigo:BLOXX, currently…
Arc Intelligence, a capital markets and cash management platform has launched an AI platform to automate complex financial tasks for the private credit industry. Arc Intelligence is first launching the AI Private Credit Analyst to help investors generate detailed credit memos using unstructured financial data. Don Muir, chief executive and founder of Arc said: “Artificial…
Egypt’s Financial Regulatory Authority (FRA), emphasized its commitment to accelerating digital transformation in Egypt’s non-banking financial sector. Speaking at the Cairo ICT Exhibition and Conference, Mohamed Farid, Chairperson of FRA highlighted the authority’s efforts. The authority’s main goal is to create a supportive regulatory environment for fintech innovation. Farid announced the launch of the FRA’s…
