Lamaa closes one of Saudi Arabia’s largest seed rounds

Saudi Arabia-based FinTech company Lamaa has closed one of the country’s largest seed rounds, pulling in $5.5m.

MENA region gets its first FinTech-focused fund

VentureSouq, a venture capital firm based in Dubai, has closed its MENA FinTech Fund I on $50m, which marks the first fund of its type in the region.

BNPL plarform Tamara closes MENA’s largest Series A round

Saudi Arabia-headquartered Tamara, a buy-now-pay-later (BNPL) platform, has scored the largest Series A in MENA.

Tarabut Gateway claims to have raised the largest seed round in...

Open banking platform Tarabut Gateway has bagged $13m in its seed round, which was led by Target Global.

MenaPay secures funding as it hopes to continue growth in the...

MenaPay, which aims to become the largest digital finance platform in the Middle East and North Africa (MENA) region, has closed a new funding round.

Modus Capital collects $75m for MENA-focused fund

Modus Capital, a hybrid venture capital firm, has released its first regional fund with $75m at its disposal.

Bank ABC to deploy Jumio’s biometric ID services through new partnership

Jumio will supply its biometric-based identity verification technology to Bank ABC through new partnership.

National Bank of Bahrain launches open banking services, a first for...

National Bank of Bahrain (NBB) has become the first bank in the MENA region to launch open banking services for its customers.

Yallacompare raises $8m in new round of funding

Yallacompare, a comparison platform for financial products in the Middle East, has raised $8m in a new funding round.

FundedByMe becomes first regulated crowdfunding platform in UAE

FundedByMe has received approval to become the first regulated crowdfunding platform in the United Arab Emirates.

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