Tag: MENA

Corporate spend management solution Pluto has reportedly raised $6m for its seed round, as it continues its goal of becoming the market leader in the Middle East.

Pyypl, a blockchain technology-based company that provides digital payments and financial services, has raised $11m from a Series A round.

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.

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

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

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

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

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

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