Tag: MENA

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.

Yallacompare, a comparison platform for financial products in the Middle East, has raised $8m in a new funding round.

FundedByMe has received approval to become the first regulated crowdfunding platform in the United Arab Emirates.

Open banking platform provider Token has partnered with Almoayed Technologies to bring open banking to the MENA region.

Dubai-based FinTech business Neo Technologies has picked up backing from Deutsche Bank's $700bn asset management arm DWS Group.

Dubai-based investment data platform MAGNITT.com has collected $1m in its Seed funding round.