Crossfin, a South African fintech investment team, has initiated its global expansion by investing in UAE-based Unitey Digital Holdings. This investment is made through Crossfin’s newly established investment arm in Singapore, marking a significant step in targeting new markets in the Middle East and Asia. Anton Gaylard, co-founder and CXO of Crossfin, stated that since...
Mashreq Bank, a prominent financial institution in the MENA region, is focusing on digitalization to enhance customer experiences and drive business growth. According to Mashreq group CEO Ahmed Abdelaal, the banking industry is set to face significant disruptions driven by geopolitical instability, changes in customer expectations, and technological advancements. He emphasizes that Mashreq is adopting...
Abu Dhabi Islamic Bank (ADIB), a prominent Islamic financial institution, will serve as a Diamond Sponsor at the upcoming Dubai Fintech Summit 2025. This participation underscores ADIB’s commitment to transforming ethical finance through advancements in digital innovation, artificial intelligence (AI), and Sharia-compliant financial technology. At the Summit, ADIB will engage in two key panel discussions...
Dubai, UAE: Presight, a prominent global big data analytics company utilizing artificial intelligence, has announced its involvement as the “AI Industry Leader” sponsor at the upcoming Dubai FinTech Summit 2025. This event is scheduled for May 12–13 at Madinat Jumeirah and aims to showcase transformative fintech applications and innovations. Presight will promote its philosophy of...
The startup ecosystem in the Middle East and North Africa (MENA) region experienced a significant increase in funding in April 2025, reaching a total of $228.4 million across 26 deals. This amount represents a 105 percent increase compared to the previous month and an almost 300 percent rise from the same period last year, according...
Sheikh Ahmed bin Saeed Al Maktoum, the Chairman and Chief Executive of Emirates Airline and Group, met with Suzan Kereere, the President of Global Markets at PayPal, to explore collaboration in the evolving digital payments sector. Their discussions focused on further developing the 15-year partnership between Emirates and PayPal. Credit: ARN News Currently, Emirates offers...
H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, recently met with Suzan Kereere, President of Global Markets at PayPal. The meeting, held at the Emirates Group headquarters, focused on enhancing their 15-year partnership and exploring new opportunities in the evolving digital payments landscape. Currently, Emirates offers PayPal...
Zest Equity, a fintech company based in the United Arab Emirates, has successfully secured $4.3 million in pre-series A funding. This funding round was led by Prosus Ventures, with additional participation from Morgan Stanley Inclusive and Sustainable Ventures (MSISV). Founded in 2021 by Rawan Baddour and Zuhair Shamma, Zest Equity operates a platform that facilitates...
UAE-based artificial intelligence (AI) fintech startup Metric has successfully raised a seven-figure seed funding round aimed at accelerating its growth throughout the Gulf region, broader Asia, and other emerging markets. The funding round attracted support from various organizations, including Sanabil 500 Global, Hub71, i2i Ventures, Plus VC, Epic Angels, and Accelerate Prosperity, in addition to...
Venture capital investment in the Middle East and North Africa experienced a significant surge in the first quarter of 2025, with startups raising a total of $678 million, marking the strongest quarter since the end of 2023. This growth was attributed to recent interest rate cuts that improved investor sentiment, according to data from the...