he Abu Dhabi Securities Exchange (ADX) has announced the onboarding of Thndr, founded in Egypt, as its first remote retail trading member. The move allows Thndr’s more than four million users to buy and sell UAE-listed stocks and exchange-traded funds (ETFs) without needing a physical presence in the country. Thndr, launched in 2020, is regulated by…
Dubai fintech Alaan has secured $48 million to support its expansion plans in the Gulf Cooperation Council (GCC) region. The Series A funding round drew investments from Peak XV Partners, formerly Sequoia Capital India & SEA, and other international and regional investors. Alaan enables businesses to manage their finances. Its services include issuing corporate cards,…
United Arab Bank (UAB) has announced a strategic partnership with Lune, a leading UAE-based fintech company specializing in AI-driven transaction enrichment and financial data analytics solutions. This collaboration is set to enhance UAB’s upcoming mobile banking experience by delivering smarter, data-driven, and hyper-personalized customer journeys—further positioning the bank as innovation-led and customer-centric. The signing ceremony was…
Türkiye’s leading e-commerce platform, Trendyol Group, drone giant Baykar, Abu Dhabi’s sovereign fund ADQ and Ant International have agreed to explore a potential joint fintech venture offering digital financial services in Türkiye. The four parties signed a memorandum of understanding (MoU) to form a platform that would provide services including digital payments, loans, deposits, investments…
Eazy Financial Services (“EazyPay”), a leading Bahraini financial institution specializing in Point-of-Sale (POS) and online payment gateway acquiring services, has announced a strategic partnership with Tamara, one of the region’s fastest-growing fintech platforms and a pioneer of the “Buy Now, Pay Later” (BNPL) model in the GCC. Through this collaboration, EazyPay will serve as Tamara’s…
In a strategic move to broaden the reach of Al Manassah Sukuk Trading Platform in the UAE, National Bonds, the UAE’s leading Sharia-compliant savings and investment company has onboarded RAKBANK (The National Bank of Ras Al Khaimah) onto Al Manassah Sukuk Trading Platform. This collaboration marks a significant milestone in expanding access to one of…
Alpaca, a self-clearing broker-dealer and brokerage infrastructure API, and ZAD, a leading Kuwait-based investment platform for Shariah-compliant US stocks and ETFs, today announced their strategic partnership to expand access to Shariah-compliant investment products. This partnership continues to open financial access for investors seeking to align their financial growth with Islamic principles. With global Islamic finance assets…
Visa has announced the appointment of Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa (CEMEA). In this role, Muhmood will oversee operations across more than 86 markets in the region, where Visa serves over 1,800 clients through 23 local offices. Muhmood brings over three decades of experience in…
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…
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…
