XTB, a global fintech company, has announced the opening of its new office in One Central (Offices 5) at the Dubai World Trade Centre. This expansion is a significant move for XTB as it aims to enhance its services for investors in the Middle East. The opening coincides with recent regulatory milestones, including the new...
NymCard, a fintech platform that operates across more than 10 countries in the MENA region, has successfully secured $33 million in its Series B funding round. This significant investment was spearheaded by QED Investors, which marks their first major funding move in the Gulf region. Participating in this funding round were several existing investors, including...
Dubai’s Roads and Transport Authority (RTA) has expanded the use of Tabby, a leading instalment payment application, to all its digital platforms. This initiative is designed to enhance payment flexibility for customers using RTA’s services, including public transport, taxi bookings, and parking fees. By integrating Tabby, RTA aims to provide users with the option to...
Dubai has reached a significant milestone by ranking 5th globally for FinTech in the latest Global Financial Center Index. This achievement underscores the city’s transformation into a leading global financial center, largely credited to the Dubai International Financial Centre (DIFC) and its efforts over the past 20 years. Additionally, Dubai’s overall ranking improved to 12th...
UAE-based fintech firm Hubpay has introduced Hubpay Payroll, a new payroll solution aimed at simplifying payments for businesses with international teams. This launch marks Hubpay’s entry into the growing $1.2 billion payroll market in the UAE, providing companies with a seamless and cost-effective method to manage their global payroll needs. As businesses in the UAE...
ClearGrid has officially launched, emerging from stealth mode with $10 million in funding aimed at transforming the debt collection industry across the MENA region. This comes at a time when the region’s consumer lending market is valued at $500 billion and is facing increasing pressure from tightening consumer protection regulations. Traditional debt collection methods, characterized...
NymCard, the only embedded finance platform operating in over 10 countries across the MENA region, has successfully raised $33 million in its latest Series B funding round. This investment was led by QED Investors, marking their largest investment in the region and the first in the Gulf, which highlights the increasing global confidence in MENA’s...
Amana, a prominent neobroker based in the MENA region, has significantly expanded its cryptocurrency offerings, now featuring over 450 coins. This increase includes more than 300 new cryptocurrencies, making it the largest selection among local brokers. This development positions Amana as a leading platform for trading both digital and traditional assets in a single, user-friendly...
Fayafi Investment Holding has introduced a new proprietary algorithm called MEKKA, which stands for Market Emotional Knowledge & Kinetic Analysis. This announcement was made in Dubai, where Fayafi became the first UAE firm to issue a bankable certificate under the framework of the SIX Swiss Exchange. Created by Fayafi’s Executive President Dr. Patrick Pilati in...
MIDBANK has entered into a long-term partnership agreement with Visa, which is recognized globally as a leader in payment technology and digital solutions. This announcement was made in an emailed press release and marks a significant step for MIDBANK in expanding its digital payment offerings. The collaboration aims to provide customers with the latest digital...