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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.
UAE-based open innovation platform Fintech Galaxy has collected $2m in its seed round to support its goal of boosting financial inclusion in the Middle East and North Africa.
The Abu Dhabi Islamic Bank (ADIB) has introduced Amwali, a new digital banking proposition that will target youths between the ages of 8 to 18.
United Arab Emirates-based investment and personal finance company Sarwa has snared $15m from a Series B funding round.
Two fifths of consumers in the UAE have experienced an online fraud attempt, of which, half would contact law enforcements if it is successful.
Dubai-based payments gateway company Telr introduced a buy now, pay later (BNPL) solution after entering a partnership with compatriot BNPL firm tabby.
Mamo Pay, which simplifies the process of sending and receiving payments, has reportedly collected $8m in its pre-Series A funding round.
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.
Dubai-based InsurTech platform Felix has reportedly collected $800,000 in its seed funding round, which was led by the Oman Technology Fund.