Tag: Middle East

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

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.

UAE-based FinTech startup Verity has received $800,000 in its pre-seed round, as it prepares for the launch of its family banking and financial literacy app specifically designed for the Middle East.

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

NOW Money, which claims to be the first digital bank for low-income migrant workers in the Gulf Cooperation Council, has netted $7m in funding.

UAE-based claim management platform Klaim has reportedly raised a $1m seed investment to help it grow its presence in the market.

Banking as a service startup NymCard Banking has bagged $7.6m in a Series A funding round.

The Covid-19 crisis may have kicked off a surge in online shopping in the Middle East and North Africa, but e-commerce and digital payments are here to stay an in for a massive boost in 2021, according to new research.

Having successfully weathered the pandemic, DIFC is now gearing up to support FinTech companies in Dubai even more.

Muniy is the latest challenger bank to come out of the UK, but it promises to offer something new and exciting as part of its new crowdfunding campaign.