Tag: Middle East

Egyptian FinTech Khazna has announced that it has raised seed money in a new round led by venture capital firm Algebra Ventures.

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

AIG MEA has partnered with UAE-based InsurTech Democrance to better serve its existing customers and move into new market segments.

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

A15 has sold a 76 per cent stake in UAE-based TPAY Mobile to Helios Investment, for an undisclosed amount.

Automated investment advisory solution Sarwa has collected $1.3m in its pre-Series A funding round.

Maliyya, a Sharia compliant P2P financing and investing platform, has closed a $1.3m seed round from Ground1 Ventures.

Bahrain FinTech Bay, a FinTech hub for the Middle East and Africa, has opened and announced its founding partners and some of its startups.

Bayzat, a health Insurance and HR service for MENA, has pulled in a further $5m in funding led by Silicon Badia.

The Bahrain Economic Development Board and FinTech Consortium have launched Bahrain FinTech Bay, a FinTech hub dedicated to the Middle East and Africa.