Pemo, a fintech company based in Dubai, has raised US$7 million in its pre-series A funding round led by Shorooq and Augmentum Fintech. The funds are expected to enhance Pemo’s operations and support expansion into new GCC markets, including Saudi Arabia. The company plans to use the investment to improve its spend management platform, which…
Paymentology has signed a referral partnership with Zand Bank, the UAE’s first fully licenced, all-digital bank. This collaboration focuses on expanding financial services for fintechs and startups, aiming to accelerate innovation and growth in the UAE. Since 2022, Zand Bank has empowered UAE and global corporate, institutional and wealth clients to unlock new opportunities, foster…
National Bank of Fujairah (NBF), a full-service corporate bank based in the UAE, has extended its partnership with Intellect Global Transaction Banking (iGTB) to digitize its wholesale business. The $15.1 billion asset bank first signed for the vendor’s open finance platform eMACH.ai in August, a move credited at the time as the first deployment 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…
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…
