Tag: Middle East

Bahrain-based cryptocurrency exchange Rain has collected $110m in its Series B funding round. The investment was co-led by Paradigm and Kleiner Perkins, with commitments also...

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.

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.

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

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.

UAE-based claim management platform Klaim has reportedly raised a $1m seed investment to help it grow its presence in the market.

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

Banking as a service startup NymCard Banking has bagged $7.6m in a Series A funding round.

The Covid-19 crisis may have kicked off a surge in online shopping in the Middle East and North Africa, but e-commerce and digital payments are here to stay an in for a massive boost in 2021, according to new research.

Having successfully weathered the pandemic, DIFC is now gearing up to support FinTech companies in Dubai even more.